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We're hoping this move will cause that to happen de facto. The fact that YC etc have cycles with similar, fixed dates makes it structurally like college applic
by pg 17y ago
We're hoping this move will cause that to happen de facto. The fact that YC etc have cycles with similar, fixed dates makes it structurally like college applications, so customs should be similar. It is much worse to use exploding termsheets in that context than in something asynchronous like VC series A rounds.
- araneae 17y agoUnless something like early admission happens... It's advantageous to be early in the cycle, so you could have a continual creep up of deadlines, and continual asynchrony.
- pg 17y agoIn fact one of them already has something they call early admissions. I can't imagine why any startup would think it was to their advantage to limit their options that way, though, so as far as I can tell it is just a negative IQ test and thus nothing to worry about.
- rms 17y agoIt probably makes sense for those founders living in that specific geographic area that can't move for whatever reasons.