Venture Deals · glossary
Asking for a lower price after a term sheet is signed. A re-trade based on something new found in due diligence is fair, but one based on second thoughts is not. Chapter 6
Explained in Chapter 6, The Term Sheet and the Document Set, of Venture Deals.
A fund re-trades when it signs at one price and later asks for a lower one, while the company's cash runs down. The next good founder will hear about it and take another offer. A founder who signs with one investor and keeps talking to a second one pays the same price.Read Chapter 6, The Term Sheet and the Document Set →
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