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
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Anonymous 5
Hey I am on Medialย โขย 2m
was this life-changing money? maybe. but bad money can ruin great startups.
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