Tech & Gadgets

10KC co-founder talks engineering an exit and spotting fake term sheets

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Toronto-based mentorship software startup 10KC secured a $75 million CAD majority growth equity investment from Five Elms Capital after a prior acquisition deal abruptly fell through. This highlights the unpredictable nature of exits for tech companies and the potential for significant setbacks even after substantial investment and planning. Wilkin suggests entrepreneurs scrutinize potential acquirers by requesting detailed timelines for closing deals, as a lack of transparency can signal a non-serious offer.

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