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Re:Ways a VC says no without saying no by PeterisP on Friday July 21, 2017 @07:57PM (#14824620)
Probably they intended to use and demo the signed investments to "sell" their fund / raise the money.
Re:Ways a VC says no without saying no by godzillabrennus on Friday July 28, 2017 @02:08AM (#14872330)
Bingo!

They thought they could raise the money once they had the portfolio.