Hacker News new | past | comments | ask | show | jobs | submit login

Shopping a term sheet means that when you get an investment offer, you go shop the term sheet around to other VCs to try to get a better offer. As you might expect, VCs don't like that. http://cdixon.org/2009/09/02/dont-shop-your-term-sheet/



VCs might not like competition, but maybe it would be good for them!


Agreed, Considering the "C" stands for Capitalist, a competitive market shouldn't scare them. IMO they want you to play by their own rules, not "free" market rules.


Did they not have syndicates in that era? How do you syndicate without in some sense shopping?


He seems to be arguing with a nod and a wink that SV VCs form a sort of cartel.




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: