If it is true that...

Before talking to investors, startups need to be introduced to them

and

Treat investors as saying no until they unequivocally say yes, in the form of a definite offer with no contingencies

and

Always know where you stand with an investor by looking at their actions rather than their words

Then it must be true that...

It's not a deal until the money is in the bank

If it is true that...

Always know where you stand with an investor by looking at their actions rather than their words

Then it must be true that...

It's not a deal until the money is in the bank