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Negotiations and Closing
You got the meeting. You signed the term sheet. Due diligence is finally winding down. Do you still want to do a deal? Of course! So now what?
Now you're ready to begin negotiating the binding final stock purchase agreement and related documents that will govern the investment and most likely the tone of the relationship that you will have with your future investor. During the final negotiations and drafting of the legal documentation, both the company and the investor often have legal representation. The signing of the legal documentation heralds the closing of the deal and your beginning as an venture-backed entrepreneur. Congratulations, and good luck!
After Closing, Heather Shively - CapitalThinking, Inc. (1:10)
Springboard alumna Heather Shively advises that following negotiations and closing, it is important to recognize the investor as a partner.