FastWave raised $12M for 40% equity; founders urged to diligence investors back

RobRoyHobbs · x · 2026-10-30

FastWave took $12M for 40% equity, two board seats, and veto power; its CEO says that investor later stalled the Series B. The advice: diligence your investors the way they diligence you—call founders in their portfolio and ask what happened when things got hard.

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