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It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. Tiger Global went on to commit money to On Deck’s vision for an ODX fund, an investment vehicle that would help it launch an accelerator. Sources say a term sheet — a document — was put on the table. It is generating revenue.
By going the debt route, Icertis avoids having to answer the tricky question of valuation in an especially challenging economicenvironment. “Contracts are an invaluable source of original data — documenting and governing the entitlements and obligations between a company and its suppliers, customers and employees.
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