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Lapicart

Buy Premium Refurbis... • 3d

At Lapicart - we were on the verge of raising funds - 2 angels were ready and we got the draft of the term sheet - but we backed out! Yes it's unusual but here's the reason why- 1. The equity demand was too high - above 20% and this is our first seed

Anonymous 2

Hey I am on Medial • 3d

This whole story sounds like cope to me. "We didn't want their money anyway!" Yeah, right. If your business was truly promising, you'd have multiple term sheets with better terms. The fact that you only had this one option speaks volumes. Sometimes we need to look in the mirror and ask if the problem isn't the investors, but the business itself.

1 replies

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Lapicart

Buy Premium Refurbis... • 2d

Sometimes it happens that real things sound cope especially if you have just been following posts and motivational stories on feeds. Better understanding only comes when you have built startups or even trying to build and earned some penny from it!!

0 replies

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