How to Evaluate Potential Internet and Software Investors

5min Business

by 5min Business

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In Chapter 11 of 20 software entrepreneur Dan Street shares how he evaluated potential investors. Street wanted investors passionate about his company mission. Second, he prioritized investors with consumer Internet and software businesses. Third, Street notes the investors had to come via trusted network connections. From beginning of raise until end of raise, the process took six months, with two weeks to close on term sheet details. Street is the founder and CEO of Borrowed Sugar.