The day you close is probably the high point that you're going to have for the next 6 or 12 months, unless you have some unusual characteristic in your business, because you're going to have the most amount of money on the day you close. The next day, your bank account will be less.
Mr. Patricof is founder & managing director of Greycroft LLC. He was involved at the initial stages of companies like Apple, AOL, Cadence Systems, Office Depot, & Audible. Mr. Patricof is a board member of TechnoServe, Trickle Up Program, National Foundation for Teaching Entrepreneurship, the Global Advisory Board of Endeavor, & the Initiative for Global Development. He is an advisor to International Finance Corporation. In 2007, President Bush appointed him to the board of the Millennium Challenge Corporation.
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