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Why are PACTS important to get signatures for?

Why are PACTS important to get signatures for?
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Answered by

Mike Suprovici

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PACTs are a non-binding letters of intent signed by a qualified investors to indicate their desire to invest a specific amount of money into a venture capital fund. They are important because they help the fund manager see who is hard-circled or serious about committing money to their fund. 

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