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I'm generally wary of any advice given by people who inherently need to talk their book, especially VCs like YC, however blog posts like this are genuinely help
by docker_up 8y ago
I'm generally wary of any advice given by people who inherently need to talk their book, especially VCs like YC, however blog posts like this are genuinely helpful. They set the ground rules that appear to be fair for everyone, and if some unscrupulous VC tries to bully a young founder, she just needs to cut and paste the URL for this article and it will instantly shut the VC up.
- akharris 8y agoI understand the skepticism, but I'd point out that, if I was trying to tilt the scenario in my favor, I'd have written about how founders should always take a preemptive deal quickly and secretly. That way, every time I made an offer, someone would accept it. I was a founder before I became an investor and, for the most part, that's still how I approach advising startups. That's been the ethos of YC from the start, and it seems to work well. Also, I like your framing - I'm spending quite a lot of time trying to establish norms and ground rules so that founders (and investors) operate on a level playing field. That's been the driving force behind much of my work the Series A Program, and generated resources such as our standardized diligence checklist and term sheet.
- simonebrunozzi 8y agoNoted your work, and greatly appreciated. Keep rocking.