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The costs are established as part of the deal, before it's signed. It's part of the nego at least as a cap. The issue here is not 'who pays' because that's not
by jariel 6y ago
The costs are established as part of the deal, before it's signed. It's part of the nego at least as a cap.
The issue here is not 'who pays' because that's not important, the issue here is the scope and cost of the transaction tax.
Like HN instituted common safes ... it'd be nice to institute more consistent language for Round A's, but the lawyers are not incented to really do that now are they.
- neltnerb 6y agoThe article has an example where despite negotiating caps the vc firm used their greater leverage to force multiple founders to pick up fees beyond the negotiated cap. I am talking about the content of the article, I am not taking about your experience.