In March 2022, Chris Ahn, a venture investor, was attempting to invest in a burgeoning cryptocurrency startup that aimed to facilitate business transactions through digital currencies. Bridge Network was the firm.
In order to make his pitch, Ahn flew to a small town in northern Montana with a term sheet for the company’s founders, Sean Yu and Zach Abrams, who had both worked at Coinbase and Block before.
On Tuesday, Ahn, a partner at Index Ventures at the time, said, “Nobody else had flown out to see them in person.”
Following a trek on a trail where snow was melting, Ahn tried to persuade the founding pair to accept Index’s money. They then talked over supper and beverages. His goal at the restaurant was to close the deal.
After telling them I needed to use the loo, Ahn recalled, “I hurried to my car, got the term sheet and returned.” “A piece of paper is difficult to fit in a jacket without crumbling, so I left it in because I didn’t want to give them a crumpled piece of paper.”
Source (CNBC)
