Very Fast & Easy Pitch Process; Terms Weren't that Good
Fund: Seraph Group
Posted by cachaca on 2011-02-23
Generally I had a really good experience pitching Seraph and would do it again. The process was extremely fast (4 weeks to term sheet), very structured (three scheduled calls; two quick calls to ask due diligence questions that came up), and straight forward (no wasted time, no stupid questions etc.). The term sheet ended up being a good amount lower than what we got from other folks - but, hey, why not spend a total of about 10hrs to get another term sheet. As said, I would pitch them again for the next company.
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