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Shopping a term sheet means that when you get an investment offer, you go shop the term sheet around to other VCs to try to get a better offer. As you might exp
by lpolovets 9y ago
Shopping a term sheet means that when you get an investment offer, you go shop the term sheet around to other VCs to try to get a better offer. As you might expect, VCs don't like that. http://cdixon.org/2009/09/02/dont-shop-your-term-sheet/ http://cdixon.org/2009/09/02/dont-shop-your-term-sheet/
- noja 9y agoVCs might not like competition, but maybe it would be good for them!
- sslayer 9y agoAgreed, Considering the "C" stands for Capitalist, a competitive market shouldn't scare them. IMO they want you to play by their own rules, not "free" market rules.
- crdoconnor 9y agoHe seems to be arguing with a nod and a wink that SV VCs form a sort of cartel.
- CalChris 9y agoDid they not have syndicates in that era? How do you syndicate without in some sense shopping?