Promiscuity and Monagamy
Brad Feld and Tom Evslin, two of my favorite bloggers and people (not necessarily in that order), are having a conversation about no-shop clauses.
They are using the language of relationships to spice up the conversation which is always interesting.
I’ll leave it up to them to keep the conversation going.
But I will say this.
There are way too many VCs who waive around term sheets promiscuously and have the nerve to expect the entrepreneur to sign up to a no shop.
It’s no wonder our industry sometimes suffers from a bad rap.