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Venture Capital MCQs

What purpose do milestones serve in the term sheet?

They protect the target company in case they don't perform well.

They prevent outsiders from investing until specific goals are met.

They force the management to make decisions they would not want to make otherwise.

They stipulate the goals the target company has to meet in order to receive subsequent amounts of funding.

Answer

Correct Answer: They stipulate the goals the target company has to meet in order to receive subsequent amounts of funding.

Explanation:

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