For startups considering the venture-backed route, an infusion of capital can be a pivotal moment that helps fill up the office, raise up regional or international outposts or get a product across the finish line.

Really, venture capital is about having the resources to validate (or disprove) a business model.

But the road to the term sheet, as any startup can tell you, can be a challenging one. It can start with doing loads of research, polishing slide decks to exhaustion and persisting until that first make-or-break meeting is set up.

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