All sophisticated markets rely on their being a protocol for “I want to do this deal, but I do not have authority to do the deal, but I forecast having the authority to do the deal, and you should move forward while understanding you have no formal recourse if it doesn’t happen.”
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“Displeasure?” You get entered into a computer system which probably has a name that is not The Big Book Of Bozos. YC companies are told to search it prior to selling equity in their companies. It turns bozohood into a more iterated game than it was previously.
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No one should be shaking hands right now
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Do you mean renege (cancel) or 'reneg' (renegotiate?)?
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