Comments on: Beware of Gym Salesman VC

By: Time is the Enemy of All Deals | CloudAve

Time is the Enemy of All Deals | CloudAve — Fri, 26 Feb 2010 01:37:29 +0000

[...] my offer on lower terms. I always tell people to take their time deciding and to be wary of Gym Salesman VCs. But be aware that adding weeks adds risks. It’s always a trade off. If you [...]

By: Allan

Allan — Mon, 03 Aug 2009 01:40:24 +0000

Nice post – great analogy.

Of course, entrepreneurs tend to use the capital (probably too liberally) whereas folks on a new year’s resolution end up never using the gym.

By: scott walker

scott walker — Wed, 29 Jul 2009 21:53:31 +0000

As a corporate lawyer with 15+ years’ experience doing deals, I echo Ryan’s comment: entrepreneurs MUST diligence the guys on the other side of the table in order to make an informed judgment. Indeed, the failure to do so is probably the biggest mistake that entrepreneurs make (in every dealmaking context).

Scott Edward Walker
Walker Corporate Law Group, PLLC

By: marksuster

marksuster — Wed, 29 Jul 2009 20:23:18 +0000

Doh! You stole my next post

By: Ryan Born

Ryan Born — Wed, 29 Jul 2009 19:26:15 +0000

Following some of Mark’s offline advice here….a great way to buy a little more time before the term sheet “expires” (and also to perform a task that is crucial to the entrepreneur) is to politely say you have no problem signing the term sheet but you would like to chat with 3 of their portfolio company CEO’s to get references on them. This will buy you a week easy, as the portfolio company CEO’s will take that long to schedule / chat with you. You’ll get your self a little time while performing crucial due diligence of your own.

By: Maker’s Schedule vs. Manager’s Schedule is a Crock, Just Manage Your Schedule | youarekillingme.net

Wed, 29 Jul 2009 18:12:57 +0000

[...] lets call it like it is. He needs to go grab coffee with Mark Suster (@msuster), investor by day, uber blogger and maker by [...]

By: Beware of Gym Salesman VC | CloudAve

Beware of Gym Salesman VC | CloudAve — Wed, 29 Jul 2009 14:41:16 +0000

[...] @ Both Sides of the Table) Posted Under : General Tags startups entrepreneurship vc funding venture capital pitching a [...]