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That moment changed everything about staged drawdown: explained like I'm five (and after three failed deals)

https://extra-wiki.win/index.php/How_a_First-Time_Developer_Chased_a_%C2%A31.2M_Project_and_Hit_a_Wall_%E2%80%94_then_Found_a_Way_Through

I blew three deals before I actually understood staged drawdown. Each failure cost me time, credibility and a chunk of deposit. The fourth time I got it right, the project finished on time, the contractor stayed, and the lender didn't panic