Funding – Should we wait for this fund to invest in us?

Question

Genuine advise needed...A fund wants to invest...they said they target 3-4 weeks to decide...It's stretching to 3 months already with no final date in sight. They say - they have got deal flow & evaluating more...Genuine advise needed - should we wait? We already raised 75% already of our target funds...We truly want to move to customer acquisition now...though we find this will be smart money if they invest...but we don't want to wait & put effort further on fundraise beyond a hard date.What should we do

mtmail · Accepted Answer

I don't have first-hand experience but read that VC and funds rarely say direct 'no'. It's often a variation of waiting and evaluating. If they were eager they can get a contract/LOI done in a couple of days.