3 ms·
I didn't realize you had a five-minute rule. The exploding termsheet is back in style for the worst valley B and C-list VC dinks. edit: I'm not saying YC are
by menloparkbum 19y ago
I didn't realize you had a five-minute rule. The exploding termsheet is back in style for the worst valley B and C-list VC dinks.
edit: I'm not saying YC are dinks, but that practice in the valley is very popular amongst the investors you want to avoid.
- pg 19y agoIt's more like a two week rule. We give groups we invite to interviews all the deal terms two weeks in advance. So when we tell them we want to fund them, we expect them to have already made up their minds if they want to accept.