How letters of intent increases startup funding success

What is a letter of intent? Who are they for? Are letters of intent outdated? Are they legally binding? How is it related to funding? How does it increase my conversion metrics as a startup?

Let’s take a look deeper into one of the important elements of startup conversion called letter of intent. We have come across this topic when one of our startup clients who is preparing for funding using www.venturx.ca suggested for more information about letters of intent and how it would affect his Conversion score on the VenturX tool. Let’s…