Will’s tweet inspired me to write this.
He was talking about A rounds.
I’m talking about angels in any round.
Here goes:
If you said “Yes” to invest in a company:
There are only 2 things you need to do, right now.
Sign and Wire.
You don’t need to split hairs on terms…
…that they spent weeks negotiating with their lead.
You just need to sign the paperwork.
And get that wire over to them.
ASAP.
Because the last thing a founder needs when they’re closing:
Is to be chasing a bunch of $5k-$50k checks down.
Or to pay their $500/hr law firm to be doing the same.
Now, I will admit …
No one will pat you on the back when you sign + wire fast.
I just know they’ll get annoyed if you don’t!
What’s fast, you ask?
Within 24 hours.
What’s slow?
That all depends on the founder’s feels.
You can’t control that.
So just sign and wire.
