Question
Presentation, team CV, high level analytics, private product access and such are probably very customary as something to give to a VC before he gives any clear intent. But we were wondering about requests about PnL, budget, Google Analytics access, and a detailed work plan. Before there is an actual intent and a concrete plan to move forward, is that too much to ask from the VC side? What's the best way to communicate this?
Answers: 1 public & 0 private
If the VC has shown interest past an initial review, ask for an MOU for moving forward to the next phase of more detailed evaluation and ask for a fee to hold open the option to invest. The VC should know that your company values it's knowledge. The VC should do a thorough due diligence but your company should be compensated for the time period that it is not actively seeking funding elsewhere.
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