1/ Just saw an exploding term sheet w/ a 48 hour fuse & w/ a 60 day exclusive negotiation period delivered to a pre-seed company on a Friday.
I'm apoplectic on behalf of the founder.
It’s a disgusting practice. 
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Have seen similar from a handful of T1 funds with the justification that their term sheets are "valuable enough" that this is necessary. disgusting.
8:19 AM - 7 Oct 2019
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