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Why Are Companies So Secretive About Their Valuation?
"I'm meeting with a lot of companies that don't have a lead," he says. "We're going to, in diligence, see all the documents anyway and we're going to know it." The podcast has set up an exercise for founders: Tell us what is soft circled signed, signed and wired money is in your bank account. We might be able to help you fill out the round by reviewing based on the terms - but we're not doing it.