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Pre Closing Horror

Fund: Sequoia Capital India

Posted by unheard of on 2009-03-20

PUBLIC:

Walked out of a signed term sheet post due diligence and legal agreement finalization. These guys dont believe at all in sanctity of signed termsheets, so dont share too much information with them and if they give you a signed termsheet, make sure you get money in the bank. Also, who knows who gets to see data from your diligence ?

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