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Negotiating VC funding? Look beyond ‘the pre’
- jacquesm 17y agoIndeed, these offers are so similar as to make no difference. In other words, even if the entrepreneur would have thought a little longer it would have still been a toss up. VC sour grapes. If you really wanted that deal you should have made an offer that was transparent and that was better by a significant margin than the competitors, and you should have been willing to spend time explaining the bits and pieces of the deal in such a way that the entrepreneur could make a good comparison. Essentially he lost the deal because of playing percentage games, the other VC played them a little bit better. I have no idea about the company we're looking at here, but I'm somewhat surprised to see the details of a deal posted by a competing VC, that's not very classy.