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From TFA: "exploding offer" What's an exploding offer?

• geofft 11y ago
  It's usually used with reference to job offers, but the same concept applies to accelerator acceptances. From Google's magical definition thing: > a job offer that is retracted if not accepted within a very short period of time. "they can’t get first-rate students unless they use pressure tactics like exploding offers" See also https://blog.ycombinator.com/exploding-offers-suck https://blog.ycombinator.com/exploding-offers-suck : "As the world of accelerators gets more and more competitive, we’re seeing more and more exploding offers where an accelerator tries to force a company to make a decision about a funding offer before the company has a chance to finish talking to other accelerators."
• andrewaylett 11y ago
  "Some investors will try to prevent others from having time to decide by giving you an "exploding" offer, meaning one that's only valid for a few days." -- http://paulgraham.com/fr.html http://paulgraham.com/fr.html
• cookiecaper 11y ago
  Exploding offers are an exploitation tactic intended to pressure you to commit to doing what the offering party wants ASAP, or else what you want will go away. It's OK for something like a firesale at your favorite retailer, but definitely not good on a more intimate scale, like a job or investment. If they actually want you, they'll let you take your time regardless of what their offer says, and an exploding offer is a big signal that you probably don't really want to work with them.
• alain94040 11y ago
  "we make funding decisions immediately afterward"[0] is the polite way to say that you have 24 hours to decide if you join that accelerator or the offer is rescinded. [0] http://www.ycombinator.com/about/ http://www.ycombinator.com/about/ sorry couldn't resist :-)