Uber founder Travis Kalanick’s advice for startup founders: “Preemptive deals are bad”
This is a short transcript excerpt from a YouTube talk by Travis Kalanick (uploaded by Lorenzo) advising angel-funded startup founders preparing for their next round (Series A or Series B) not to accept preemptive VC deals/term sheets. He warns such preemptive deals almost always lead to a "raw deal," and signals he has many negative anecdotes (emotional emphasis).
Questions this video answers
Series A or Series B (for angel-funded companies)
Chapters
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