Find XO: Silicon Valley Takes Two Days, Korea Takes Weeks (venturesquare.net)
Writing language: Korean Read in the original language
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- This article compares investment contracts between Korea and Silicon Valley, noting that Silicon Valley can complete contracts as quickly as within 1 to 2 days using standard agreements.
- When funds are urgent, it is easy to look only at company valuation and deposit dates.
- However, to know if the money can actually be used, one must read who needs to approve every hiring or follow-up investment.
- The periods where speed is critical in contract negotiations are both before and after signing.