Nyatta: Exploding Term Sheets Are Nonsense and Deal Speed Is Overvalued
Shu Nyatta · Marcelo Claure & Shu Nyatta: LATAM's New $500M Growth Fund; Investing Billions at SoftBank | E1042 · 20VC with Harry Stebbings · Jul 31, 2023 · at 1:07:26
Shu Nyatta, Managing Partner at Bicycle Capital, critiques venture capital industry norms surrounding rapid deal velocity and artificial term sheet deadlines.
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“I think we've fetishized moving quickly, and it's just not that valuable especially at the growth stage, but I think even at the early stage, the whole idea that I have an exploding term sheet that's going to expire this Friday, first of all, is nonsense. Termsheets don't expire. This is a made up concept.”
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