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Thanks for sharing. Any insight as to why investors sometimes back out at the last minute, after the startup has already committed to the change? I've read of that same thing happen at least a few times now... I just don't really understand why it happens.

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I wish I knew. I think in our case it was the mentor. My guess is that they sent news of the great new deal out to all their mentors after we signed the note. The mentor got it in his inbox and jumped at my name. I can only imagine the hurried phone calls.

In that case, they just needed better due diligence. They shouldn't have had us upend our lives because of that simple failure.

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