The Founder Who Turned Down the Round
Leila Nasser had a term sheet. She said no, and explained why
Leila Nasser had a signed term sheet for $12 million. She declined it.\n\nHer reasoning was not sentimental. Verdant Systems sells into industrial buyers with long procurement cycles, and the round assumed a growth curve the sales cycle could not support.\n\n## The lesson\n\nCapital sets expectations. Taking money on the wrong curve is a commitment, not an option.
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Leila Nasser
Founder & CEO, Verdant Systems
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