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Ask HN: What good is a 'non-binding' letter of intent?
I feel like this is something that only moves us entrepreneurs sideways oppose to forward. Am I wrong? Should this be exciting news to hear from an investor or is this one of those 'kissing your sister moments'?
- geuis 18y agoI did one of these with a potential client several years ago. Its absolutely non-binding and served nothing except to make her nervous. My business partner pushed for us to do it so we could have something for a press release. http://mannea.com/2007/05/21/church-crawford-signs-letter-of-intent-with-muse-isle/ http://mannea.com/2007/05/21/church-crawford-signs-letter-of...