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Capable of Cowboy Antics

Fund: Atlantic Bridge Ventures

Posted by JAHEBIL on 2012-11-29

PUBLIC:

We received a terms sheet from them on favorable terms causing us to terminate advanced negotiations with other VCs. Several weeks later they had still not started due diligence. Finally I chased and they bombed out. We found another VC and survived but my perspective was this was a speculative terms sheet. We had some internal issues with an Irishman we didn't know about and not sure if that was anything to do with it but anyway, watch out!

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