Re:Airbnb, My $1B Lesson
by Rambunctious on Thursday July 23, 2015 @05:56AM
(#9934815)
Six weeks for closing a seed/angel investment from introduction to term sheet sign-off is not "too long". From my reading, it seems there was a firm commitment on both sides and hence, it was bad of both airbnb and YC to cut you off totally. At the very least, I would have expected the likes of YC to allow you to co-invest instead of simply assuming you were a newbie marine. After all, it was not as if YC had seen some stellar exits by mid-2008.
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