Founder at Miranor
Specifically, for angel/private investors in the software/web industry, how many meetings and/or weeks it may take before they provide a term sheet or some equivalent indicator that they are genuinely interested?
For that matter, is it unusual (or even possible) to get a term sheet after the first meeting? Has anyone had this experience?
Just in case, it's hardly an academic question. I need to know whether to proceed with certain investors that I believe are simply stalling, while the rest of the team is more optimistic.