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A comment on Ask HN: Can I tell investors, who procrastinate I need money NOW?. Parent comment

Re:Ask HN: Can I tell investors, who procrastinate I need mo... by try_sincerely on Thursday January 29, 2015 @04:11PM (#8968855)
Thank you! This part about "round closing NOW" always puzzled me. I understand there is a tradition to set deadlines like that - "raising NNN by YY", but what if the deadline comes and I don't have 100% of my round in? I set a new deadline?
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Re:Ask HN: Can I tell investors, who procrastinate I need mo... by debacle on Thursday January 29, 2015 @04:36PM (#8968990)
You reassess the business and dust off your exit strategy.

If the investors already know what your runway looks like and they haven't given you a term sheet, they aren't going to be investing.

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