Startups showcasing, raising funds on the 100X.VC Pitch Day will follow the Code of Promise. A verbal pact, an accord to fulfil the transaction commitment. The compliance and documentation of completing the transaction legally will follow the completion of CP. Startup founders need to honour the CP made to reserve the space for the investor in the equity cap table and equally Investors need to honour their CP to complete the investment. Startup investing process can take a long time to close and can take a windy path.
We would like to track and incentivize CP in the startup ecosystem to facilitate and quicker and smoother transactions. Until the closing of transactions, both startup founders and investors rely on each other's CP, to not break the investment agreement.