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Re:Paul Graham is too arrogant by menloparkbum on Tuesday May 15, 2007 @04:28PM (#22325)
I didn't realize you had a five-minute rule. The exploding termsheet is back in style for the worst valley B and C-list VC dinks.

edit: I'm not saying YC are dinks, but that practice in the valley is very popular amongst the investors you want to avoid.

Re:Paul Graham is too arrogant by pg on Thursday May 17, 2007 @12:37PM (#22833)
It's more like a two week rule. We give groups we invite to interviews all the deal terms two weeks in advance. So when we tell them we want to fund them, we expect them to have already made up their minds if they want to accept.