Josh Kopelman of First Round Capital: we can look at every company we’ve ever funded, and learned that the time from first email/contact to term sheet has shrunk from 90 days in 2004 to just 9 today.
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Do answer this https://t.co/RnGj5kOGYW https://twitter.com/buggeroaf/status/1222943828581052416?s=21 …
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I voted 1-3 months. I find that either we directly know founders for years or founders are vetted by some1 we trust, in which case we can move quickly. In the case of my 12 hour term sheet, I had been tracking the company for many months, which is what allowed us to move so fast
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