Always advise founders to not feel pressured by a 48 hr exploding term sheet, take time to make a big decision Flip side, don't expect a term sheet to stay live much longer than 10-14 days CEOs are paid to make gut calls with 80% of the data, can't wait around for perfect info!
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If a VC gives you a term sheet and says they'd like to know in 10 days...do you consider that "exploding"?
No of course not, but when a certain fund, that has more than 2 and less than 4 letters in its name, talks about how they give all their term sheets on 48 hour triggers because they “will be shopped otherwise” should just be read as “we know we aren’t as good as we used to be”
