VCs back out of deal
So we got a term sheet… and then the guys backed out. Figures. Welcome to Michigan.
What’s the most frustrating part of it is that they had me miss the important CEA industry forum small business council for a meeting with them. I figured at a minimum they would re-negotiate the deal. But pull me off a trip, ask me to spend $800 to fly back to Michigan only to turn back around again without any action….
I’m seriously considering moving the business to CA or NYC. MI is seriously depressing.