Final new FCs Flashcards
1
Q
What was first closing like for Phagenesis?
A
They took the first half of what they wanted to raise (2m, only took 1m) and closed the investment round. To do this, they had to convince investors that if the second round of money did not appear, they would still be able to achieve their goal.
This was because VCs were taking too long to settle on agreement.
2
Q
Why did Nestle invest in Phagenesis?
A
Financial Return
Wanted to add to product portfolio
Differentiate itself from competitors by adding technological approach
3
Q
What is the goal of raising money?
A
Achieve a goal that reduces risk
- Such as by obtaining clinical trial data
