This is why YC has the protocol where you immediately memorialize that with “Confirming you are in for $DOLLARS at $VALUATION.” via email or SMS, and anyone who confirms and then later claims they were not in gets entered into a List Of Unserious People.https://twitter.com/AliBHamed/status/1084900098289602561 …
-
-
e.g. “I love this deal and want to do it at $TERMS” sure sounds like a Yes but it is, critically, not a Yes. (Consider the case where your counterparty may, ahem, lack independent authority to commit the firm to the deal.)
Show this thread -
There are, relatedly, a lot of ways to not say “I do not have independent authority to commit my firm to a deal.”
Show this thread
End of conversation
New conversation -
-
-
I've often talked about the "VC no" -- it's like a yes, but when you look down at your hands, they do not contain a check.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.