Actually I was referring to the capital seeker not the supplier. By Capital Ready, I mean do you have everything in place so that when the capital source "show up" - there will be no delays or stoppages and you can progress "smoothly" to a positive conclusion.
Last week, I attended a presentation (I was invited by one of the investors) by a startup to some possible investors.Their presentation was pretty good and things seem to be flowing along - when someone asked the question "Are you all prepared to quit your day jobs and commit to this project totally - once the funds are in place"? It was patently obvious that 2 of the the team were not prepared to do so and avoided answering the question. Deal killer.