6 ms·
term sheets have "no shop" clauses which prohibit you from talking with other investors. But they're pretty unenforceable so it happens anyways.
by msuster 15y ago
term sheets have "no shop" clauses which prohibit you from talking with other investors. But they're pretty unenforceable so it happens anyways.
- cperciva 15y agoOk, thanks. I wondered if the etiquette was different in situations where the first VC was trying to put together a consortium.