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Why do VCs pull term sheets?
- brianl 16y agoYou have to think of a term sheet as a marriage proposal. Money wired to your startup's bank account is the consummation. A lot can happen during the engagement and after the wedding... the way the 5 lbs. of legal documents are written, an annulment is possible, and it will go really bad for the startup. Trust and respect will help in almost any relationship!