Don't Be Fooled Again
I get these calls a lot: "I just had a meeting with a VC, who expressed real interest in a deal at the valuation I want. Get ready to do the deal." In the vast majority of cases, this leads to weeks of back and forth, puttering out to nothing other than a lot of wasted time. Meetings with potential financial partners are important, and often lead to finding a good investor for your company. That being said, it is important to remember that VC's are trained to always relay