
They Said They Had Capital. They Didn't.
Every founder who's raised capital or explored a sale has heard it: 'We have capital, and we're interested in doing a deal.' Here's the harsh truth — most of the people who say this don't actually have money. They're intermediaries, capital-light sponsors, or 'maybe someday' funds. If you're not careful, they'll waste six months of your time and energy chasing a deal that was never real.