Fund: Draper Fisher Jurvetson
Posted by generalist on 2008-06-14
We have recently received a term sheet from DFJ. The term sheet was extremely clean, and focused on preparinf the company for success. No BS, no irrational preference, cleaned the previous investors' awful terms and pratically restructured the company in a way that made everyone focused on a large success.
During the negotiations they were very open, and agreed to many requests as long as they did not create a conflict of interest on the big items.
I look forward to get a closing. I will post another comment upon closing to describe that experience.