[안희철의 M&A 나침반] 투자계약의 선행조건과 진술·보장의 이해

Many startup founders mistakenly believe that signing an investment contract means funds are disbursed immediately, but critical pre-closing procedures must be completed first. Understanding closing conditions and representations & warranties—and ensuring they're clearly defined—protects both investor and founder, making this phase essential to successful fundraising.