[brudgers]

I would treat it as closing a $233,333 investment.

Because until the money is in the bank, it's not in the bank.

You will need to close another round in three months.

To put it another way, it's not an ideal deal.

It suggests that the investor doesn't have the financial wherewithal to do a $1.8m deal, e.g. cashflow. Or doesn't have a strong belief...that's why it's not a full commitment.

It might be the best deal you can get. But it will require more energy from you and your team than getting all the money at once would.

Good luck.