Anderson: Tandym's investors walked after $10M Series A funding docs were signed
David Anderson · He raised $16M, hit $1M ARR—& failed. Here are the top 3 lessons he learned. | David Anderson, Fo... · PMF Show · Nov 21, 2024 · at 45:27
David Anderson, co-founder of payments startup Tandem, describes how the company's planned $10M–$15M Series A collapsed at the final signature stage, forcing the company to shut down.
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“Like, we got all the way through confirmatory due diligence. Like, it was moving to the finish line. Funding docs went out. I signed the funding docs. And I think they got cold feet.”
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