4 ms·
There seem to be two types of people debating with each other in this thread. 1. Some people that have real-world experience with raising money and term sheets
by 0zymandias 7y ago
There seem to be two types of people debating with each other in this thread.
1. Some people that have real-world experience with raising money and term sheets. They understand what the norms and expectations are in addition to understanding the legal aspects.
2. Other people that lack the real-world experience and are just speculating without understanding the norms. They are only referring to the legal aspects.
- tgs4 7y ago^ The deal is never actually done until the money is wired and cleared into your account. Everything that happens before that including signed papers and handshakes are just negotiations.
- okcando 7y agoAnother way to approach interacting with other humans is to understand that the law only describes minimum expectations and isn't a replacement for ethics or common decency. You can use all the tools of the law to disadvantage others but word will get around that you're a dirty dealer and it'll be their privilege to not do business with you anymore.
- vorotato 7y agoThat only works if anyone is doing it.
- shawnz 7y agoWhat makes you think the people with opinion #1 have real world experience and the people with opinion #2 don't? Maybe some people here just have a different understanding of what the norms are.
- duxup 7y agoWhat are the norms?