https://hbr.org /1989/11/everything-you-dont-want-to-know-about-raising-capital - remove the space obviously
"The process is stressful and can drag on for months as interested investors engage in “due diligence” examinations of the founder and the proposed business. Getting a yes can easily take six months; a no can take up to a year"
It's an interesting article and may give some quick insight + we are obviously talking different sizes of business obviously but exact same process/problems would be the same - most likely harder in mns case
So tbh it's not a surprise that it's taking so much time. That article shows how hard these raises can be
*If interpreted as such no "downramping" intended just with people asking questions re raise, just pointing out that the process can be long + hard and what to possibly expect.........
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