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To: corporal spewchunks who wrote (1146)	5/21/1999 11:20:00 AM
From: corporal spewchunks	Respond to of 2018

The investment process at IVP (Norm Fogelsong's firm) involves the partners in several steps which lead ultimately to the investment decision. Here's the final step: The partners at IVP make the final investment decision as a group without any other committee or board approval required. Once a verbal commitment has been made, the legal process could require an additional three to four weeks before the transaction is completed. So it's not a single individual's call but that of a whole group of very sophisticated investors who decide whether to make a particular investment. Copyright © 1999, Institutional Venture Partners. All Rights Reserved step proccess which ends with the following procedure at crunch time: