Lecture 9: How to Raise Money
All the top tier VCs (including YC) repeat the mantra "don't sweat the terms". It also appears on Ron Conway's slide in this lecture.<p>There seems to be a dangerous line between taking a good deal as offered and getting nailed by a bad deal. It's easy for the VC to say "don't sweat the terms", they are setting the terms after all. The advice makes sense if you're working with a top tier firm that has a reputation to protect, but it seems like it could be quite dangerous when applied to lower tier VCs?