Raise Millions by Hustle Fund VC Page 122 2. Most Favored Nation Rights (MFN) — this means if a different VC comes in later in the fundraising process and successfully negotiates a lower valuation than the previous investor(s), the previous investor(s) can re-set their valuation to the lower amount. Other things can happen in side letters, too. We recommend reviewing everything with an attorney before you sign. Call your VC to confirm wire details This might sound strange but you’ll actually need to call your VC to verify your details. No, texting isn’t gonna cut it. Unfortunately, fraud and scams are always a possibility when it comes to wire transfers. Hop on the phone and verify your routing and account number to make sure the money goes to the right place. Please do this. Beware of VCs who don’t actually have money This isn’t a good look for VCs, but there are investors who verbally commit to an investment who have no money. Or worse, investors who sign the official documents but don’t wire transfer you the money until a year later… How is this possible? hustlefund.vc / @hustlefundvc