Right, despite the example being a bit off I can see what you were trying to say... | Hacker News

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cperciva on March 4, 2012 | parent | context | favorite | on: Always Go Home with the Lady Who Brought you to th...

Right, despite the example being a bit off I can see what you were trying to say.

It seems to me that this situation started when the company had a signed term sheet but still went around to VCs trying to interest them in investing. Is this normal? (I'm a bootstrapper, so I have no experience with these games.)

msuster on March 4, 2012 [–]

term sheets have "no shop" clauses which prohibit you from talking with other investors. But they're pretty unenforceable so it happens anyways.

cperciva on March 4, 2012 | [–]

Ok, thanks. I wondered if the etiquette was different in situations where the first VC was trying to put together a consortium.

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