Now it was time to play the real game—time to get some real money from a top-tier venture firm and the prestige that goes along with it...
Board Meeting Minutes
Fundraising: The Board reviewed the terms sheet for the Venrock-led investment totaling $3.65 million at a pre-investment fully diluted valuation of $11 million. The Board approved of the terms sheet and the investment, subject to passing a formal resolution when the papers are drawn up . . .
Neoforma Board Meeting, May 5, 1998