Founders. Run. Amok. It Starts With a Term Sheet.
This is going to be BIG.
MAY 27, 2014
It was a company whose product I believed in and whose founder I liked, but a firm lobbed in a term sheet at a price 33% higher than what I had offered using a very light agreement meant for a much earlier stage company. Treat financings like an auction and you''re going to get a bubble and a lot of bad behavior. The Term Sheet.
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