Thanks for this. I was looking for someone to come in with basically this point. Sam's point seems to be that if you are trying to hire/fund within a ballpark

Thanks for this. I was looking for someone to come in with basically this point. Sam's point seems to be that if you are trying to hire/fund within a ballpark range of candidates/companies, then exploding offers aren't good practice. If you were trying to hire exactly one candidate, or fund exactly one company this quarter, than exploding offers make more sense. Because companies are often hiring only one person for a role, I don't expect he would extrapolate what he says to hiring.