Deals seem to fall apart last second. Investors step away from their commitment. A large customers is having some hiccups just when you’re closing the round. A partner leaves the venture firm just when you’re trying to get the signatures. A clause with the employee stock options pool confuses a corporate investor and they put everything on hold. A line in the disclosure schedule leads to a week’s delay while asking the lawyers. The signature block has the wrong fund name. It’s a national banking holiday in one of your investor’s home countries. You forgot that you need to first file your amended charter before the investors will wire the money.
It’s not done until it’s done.
Keep your head down, keep your cool, keep working. And don’t make any promises or act as if you have the money in the bank and are all set. Because you’re not.
