Much has been written about how to secure venture capital funding, but far less about whether a founder should sign a term sheet and say ‘yes’.
Like all industries, there are great funds, good funds, average funds – you get the idea.
For founders thinking about whether to accept an offer from a fund, here are five key questions they should ask themselves.
Do you like them?
The world of finance has a cut-throat reputation, but early-stage venture capital is very different. As a founder, the decision to take investment from a fund is one of the biggest you will make and sets up a relationship that will last for many years.