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Numerous Reasons: o Everyone has a mobile device at all times, trying to remember to carry cash and/pens is an extra step. Cash, in the valley, is not as ubiq

Numerous Reasons: o Everyone has a mobile device at all times, trying to remember to carry cash and/pens is an extra step. Cash, in the valley, is not as ubiquitous as a phone. In fact, it's not as ubiquitous as a smart phone. o Texting is instantaneous. In fact, when we're sitting at a table having a conversation, it's not unusual for some people to be texting each other instead of talking to avoid creating a break in the conversation / side conversation. o Central, Secure, two-party tracking with SMS/WhatsApp/iMessage. Nice Audit trail as well, and you have it all handy on your phone to keep track of things. Nobody wants to deal with more little pieces of paper.

kirse 14y ago
OK people, I get it, you don't carry cash, etc etc. I'm just imagining myself using whatever I have on me to come to a quick agreement on a precise valuation and secure a solid "affirmative" from an investor, beyond a basic verbal agreement. So whether that's scrawled on a dollar bill, transmitted officially via the "PG Handshake Protocol", or signed on your ass with a picture in the mirror for posterity... doesn't matter, have fun with it and get it done!
- ghshephard 14y ago
  Well, my arguments for Cash would be: o Physical Tokens continue to have real value beyond the ephemerality of digital data. o A scrawled signature is both somewhat of an validation of identification, plus, it's a somewhat more concrete step than just sending an email. There is ceremony around it. o With a bit of thought, you can create a Mini-Term sheet that can be signed/counter signed. o Sharpie on Dollar bill is harder to modify / change - particularly if you have a number of signatures that have been built up on it. o That multi-signed dollar bill would have a lot of potency, particularly if you are able to assemble a top-tier investment group. Suitable for framing.

kirse 14y ago

OK people, I get it, you don't carry cash, etc etc. I'm just imagining myself using whatever I have on me to come to a quick agreement on a precise valuation and secure a solid "affirmative" from an investor, beyond a basic verbal agreement. So whether that's scrawled on a dollar bill, transmitted officially via the "PG Handshake Protocol", or signed on your ass with a picture in the mirror for posterity... doesn't matter, have fun with it and get it done!

ghshephard 14y ago
Well, my arguments for Cash would be: o Physical Tokens continue to have real value beyond the ephemerality of digital data. o A scrawled signature is both somewhat of an validation of identification, plus, it's a somewhat more concrete step than just sending an email. There is ceremony around it. o With a bit of thought, you can create a Mini-Term sheet that can be signed/counter signed. o Sharpie on Dollar bill is harder to modify / change - particularly if you have a number of signatures that have been built up on it. o That multi-signed dollar bill would have a lot of potency, particularly if you are able to assemble a top-tier investment group. Suitable for framing.