[nailer]

Also if the UK investor says "we'd love to invest, can do the whole round, want you to send us your current cap table, we need to get the deal done before April because we have capital to deploy before end of the current financial year" don't actually expect the funds.

[inglor_cz]

Could you explain this?

[nailer]

Sure: UK VCs ('Haatch' specifically in this example) will give an enthusiastic 'yes' and then not deliver funds.

[inglor_cz]

Aren't they afraid of the reputation risk? If they behave so treacherously, future startups may go to the US without even asking them.

[cjbgkagh]

I assume too good to be true.

I had the misfortune to be pitching to VCs in the UK, the money was so expensive that it’s just not worth it, much better off moving to the US if you can.