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Can't Keep Their Word. I Will Not Bring Them Another Deal.

Fund: Accuitive Medical Ventures

Posted by Heartfelt on 2008-05-22

PUBLIC:

This guy Weldon met with me at H&Q a couple years back. I am a serial entrepreneur and have been doing this a while. He told me to my face that they were in my Series A (I had a lead investor, and just needed a small player to round out the round, so I thought these guys might be OK for that. He told me they were in, no doubt about it, stop fund-raising (It was a hot deal and a lot of others wanted in). Two weeks go by and then he has a junior partner call to say that they cannot do the deal and that Tom wanted to change his mind. Just classless, I tell you. Luckily, I am a known entity and the deal was hot, so I got a replacement very easily. I will not bring another deal to them.

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