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KnotPre-seedseedposter01 ·

Lead investor pulled out the day before signing. What now?

Co-founder & CEO of a Pre-seed B2B SaaS in 🇺🇸 United States.

Investor ghosting after term sheetTook money from the wrong investors

Term sheet was signed, due diligence done, transfer scheduled for Monday. Friday afternoon I get the call — they're "pausing all new deals." No reason given. The other commits in the round are conditional on this lead.

Two weeks of runway after this was supposed to close. I haven't told the team yet. I haven't told my cofounder yet either because she's at her sister's wedding.

What do I actually do tonight? Email the other investors before they find out from someone else? Go to my warmest second-choice? Just sleep first?

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