actually getting the second chance is questionable at best. The reason isthat the way most tanches are written, they give VCs basically the total option ontheir own to give you or not give you the money. So in good times, you may get themoney, and in bad times, you won’t. Many first time founders get caughtdepending on the second tranches - don’t. Fear, Uncertainty and Doubt Tactics. or F.U.D tactics. The enemy to your startup, otherthan mediocrity, is your competitors who are seeking the same capital…
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