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Having known all three partners myself for 5 years I am pretty confident they're just trying to be founder friendly. IMO it is intended to give a 30,000 ft view
by sjtgraham 11y ago
Having known all three partners myself for 5 years I am pretty confident they're just trying to be founder friendly. IMO it is intended to give a 30,000 ft view of the general terms and it clearly says it's bilaterally non-binding; so if you breached the no-shop clause and they smacked you with their legal bill you could technically tell them to take a hike. The sheet refers to their "standard legal document" being the actual deal document so you can assume things are less ambiguous there.
- rokhayakebe 11y agoI do not know these guys but I also thought the reason they have it was to be as clear as possible. I thought that was commendable. Unfortunately you cannot share anything anymore without it being negatively criticized.