On: Don't Shop Your Term Sheet

[danbmil99]

puhleeze. If your startup is hot, shop the fuck out of it. VC's are lemmings; once they decide with their collective hive mind that you're the hizzy, it's basically impossible to piss them off enough to kill the deal.

OTOH, if you're not hot, they will use any lame excuse to walk, and you won't have anything to 'shop' in the first place, other than warm fuzzy talk at the end of an expensive lunch.

[wwalker3 → danbmil99]

If you read through the whole article and the comments, the author adds more nuance to this advice than the title suggests.

It boils down to "shopping your terms verbally is fine, just don't flash your actual physical term sheet around town."

[Nwallins → wwalker3]

Hm, I distinctly recall reading:

Also, don’t shop a verbal offer.

[mediaman → Nwallins]

There's a difference between verbally shopping a written offer and verbally shopping a verbal offer.