3 ms·

I certainly agree that it undermines trust but don't VCs routinely change terms at the last minute in a series A or B? Is that really uncommon when you get to

I certainly agree that it undermines trust but don't VCs routinely change terms at the last minute in a series A or B? Is that really uncommon when you get to the professionals? I've never had to deal with this myself but I am told that it happens all the time. You think you have a deal and then you get a last minute call that says we can't do that evaluation or we want some extra warrants. The rule I have always heard is "you don't have a deal until the check clears".

crapshoot101 13y ago
No, they don't. The fact that someone here got screwed once does not in fact suggest this practice is the modus operandi. VC's are not out to screw you, and if nothing else, the reputational harm of the actions you described would be immense. Respectively, this sounds like a naive, 2nd hand perspective.