Most investors are followers and would waste your time by asking random additional docs or reply slowly to wait before they make a decision.
For those who have raised, which of your investors were quick to decide and not a pain to manage later?
Questions
Which of your investors were quick to make a decision and you like?
4 answers from the community
A· Sep 20, 2017
The ones I've closed with happened in one week. If they cant give you an answer by then, dont waste your time.
If they want docs, ask them to meet in person and find out what they need to make a decision.
A· Sep 20, 2017
Thanks! I agreee. The ones who commit make quick decisions and the rest drag the process.
If you don't mind sharing who was the investor who was quick? (Actually a good thing way to thank them by sharing their name as an investor founders like)
A· Sep 30, 2017
thanks for restoring my faith in the fund raising process :)
A· Oct 26, 2017
All the quick answers I got where "No"
My "Yes" took a lot of time to emerge.
They did show interest on first meeting and meeting after meeting but they didn't give me a formal yes (a term sheet) until 2-3 months of discussions passed