I have for a long time wanted to write my experience of how we nearly got screwed by a Silicon Valley based angel but was worried about repercussions of doing so. Still I will censor the name of the investor involved to not create unnecessary reputation loss for him. My only goal is to educate and warn 1st time entrepreneurs especially those new the fundraising game of the big bad wolves out there and the games they play.
This Feb we were in Silicon Valley for a 5 week road show and acceleration program with our incubator IncubaUC.
It was the most intensive learning experience of my life. We pitched angels, VCs and serial entrepreneurs daily sometimes even twice daily. At the polished corporate offices of Palo Alto based law firm Greenberg and Traurig we pitched members of prestigious Silicon Valley Band of Angels and the Sandhill Angels…
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