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"I'm sure the selected teams aren't actually legally obliged to take whatever deal is offered, at least it wasn't at all that way for us last year." Can someon
by plinkplonk 17y ago
"I'm sure the selected teams aren't actually legally obliged to take whatever deal is offered, at least it wasn't at all that way for us last year."
Can someone confirm this? It seems as if this is a recent change.
- alain94040 17y agoI'm pretty sure that you can't sign away such rights. It's very simple: as CEO, don't sign any more papers. What is SeedCamp going to do? Force a financing on you? I don't think so. It's ok for them to strongly warn you that you shouldn't approach them if you are not interested in taking their money. Why waste their time? On the other hand, cold feet is always acceptable. It's called a covenant of good faith.