So, why not name those. It would benefit everybody else, and lessons learned can be shared.<p>Or do you think that there may be a reversal of your judgment in the long run?<p>I can't see how they could sue for libel as suggested elsewhere, either they backed out or they didn't.<p>Another possible downside of naming them would be that if you named them it might make other VCs skittish of doing business with YC for fear that if they mess up they'll be told on.<p>All that it would do is to make people prioritize differently, after all, since a termsheet isn't a contract there is no 'backing out', there is simply no follow up.<p>It's just 'not done' but that doesn't mean that it can't be done.<p>I do believe that the term sheet not being a contract works the other way around as well, and I've seen quite a few cases where entrepreneurs got cold feet and decided to backpedal at the last moment, and that should definitely be held to the same standard.