Topic map / Capital choice and fundraising terms
Name the person, the evidence, and the fallback if a co-investor never clears.
Write each condition that is still open, who can remove it, what evidence would show it is done, and which other investor is waiting on it. If a lead says the round needs another cheque, record that dependency beside the cash plan for a round that never closes.
On 2 October 2025 the National Venture Capital Association said its updated model documents now include mechanics for tranched financings. That is a release note about US model forms. The clauses were not audited here. It is not evidence that tranches are new, or that they are unfair. The catalogue page says each model is a starting point only and should be tailored. It is not legal advice for these facts.
Question. Who is responsible for each remaining closing condition, including co-investors who depend on each other?
I have already signed, paid or lost access if the commitment is no longer only a plan.
2025 updates to the model legal documents · National Venture Capital Association
A release note, checked 14 October 2026. NVCA said it had updated five model documents, and that the updated documents now include mechanics for tranched financings. The note was read. The model clauses were not. It is not evidence that tranches are new, or that they are unfair. The documents are US venture forms, not UAE law.
Model legal documents · National Venture Capital Association
The catalogue page says each document is a starting point only, should be tailored, and should not be construed as legal advice for any particular facts. The landing page and that disclaimer were read. The model clauses were not audited.
Handshake Deal Protocol · Y Combinator
A handshake is a verbal commitment. The transaction is when documents are signed and money changes hands. An investor can say no in a way that sounds like yes, and can take a free option.