Uber founder Travis Kalanick’s advice for startup founders: “Preemptive deals are bad”
A brief YouTube monologue (recorded Mar 31, 2025) by Travis Kalanick advising angel-funded startup founders approaching Series A/B not to accept preemptive VC deals. He warns that VCs offering to bypass the full process often deliver a "raw deal," recounts having many negative stories about such preemption, and expresses strong emotion about the topic. The piece is advisory and cautionary toward founders evaluating term sheets.
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