Flutie
Chris, if reputational risk is the primary fallout to a VC for backing out of a term sheet, why don't you name the firm here? BTW, did they try to retrade the price or back-out altogether?
View Articleanon
It's not OK (barring material adverse change etc.) Yet it happens. 90% make it to closing.
View ArticleAM
Chris not sure what world you live in but VCs walk from term sheets all the time. Its happened long before you got in the game and will continue long after you leave it. Sometimes its as basic as the...
View Articlefail
pierre lamond at sequoia backed out of a term sheet for my company. i still curse his name. maybe i was the 1 in the last 10 years? or more likely, sequoia is just as scummy as the rest of them. vc's...
View ArticleChuck
As a former VC (I'm running companies now) I never backed out on a termsheet, but is isn't as rare as you believe, nor is it frequent as others are commenting. It is a tough business and things do...
View ArticleSF
Sure they walk out - this is business after all. Happened to me with @ventures almost 10 years ago. They were the lead and it almost caused the deal to unfold, but luckily we found another lead and...
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