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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 an
by 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 agoWell, 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.