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Saastr
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Dear SaaStr: If a VC Backs Out of a Signed Term Sheet, Should the Entrepreneur Spread the Word?
- If a VC backs out of a signed term sheet, the entrepreneur should not spread the word.
- There's a chance the entrepreneur is partially at fault for the deal falling apart.
- No one will care or be surprised since VCs are known for tough business practices.
- Instead of spreading the word, the entrepreneur should focus on their business and let it go.
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