Oren Klaff
๐ค SpeakerAppearances Over Time
Podcast Appearances
And either submitted or signed up for ours, right?
Non-binding LOIs happen on May 22nd, whatever day that is, right?
Beyond that, you're out.
And so that to me would be probably the most effective.
I think founders are, you know, and small companies are most nervous about doing that.
But I think you find if you execute on that strategy, it is the thing that is most likely to tip somebody in.
And there is very little risk in proposing that because if some professionals, if they really can't get to that date, May 22nd, they'll say, listen,
Nate, Oren, we totally appreciate where you are.
You know, and so this is a frame, right?
Hey, we're a early stage company.
We move fast in execution.
We're not working with finance firms that feel like it's going to take 120 days, 150 days.
We want to stretch out 160 days financing.
That's not the ethic.
that we're looking for in our investors.
The ideal investor for us understands the nature of a fast-growing small firm, the need for speed, the limited nature of due diligence, of course we need it, and the small amount of legal that we're interested in.
If you guys are feeling a lot more like a mid-stage firm, if you can't get ahead, if you can't get on board for working at the pace, at the speed with the requirements of a small company, then you're probably not a fit for us.
But when you go and you say, hey, May 22nd is really when we need to get an LOI by.
Otherwise, we're going to move on as a force factor, forcing function, as you said.
Some people will blow up and they'll say, who do you think you are?