That happened to us and on this VC firm's maiden round. They offered no reason except that they reconsidered. Wasted months of our time. Our attorney (from Fen

That happened to us and on this VC firm's maiden round. They offered no reason except that they reconsidered. Wasted months of our time. Our attorney (from Fenwick & West) told us the same, that it would damage the VCs reputation and that this was pretty much unheard of for them. But I never heard another thing about it and that VC firm seems to not be having too much trouble filling out their rounds.