Letter of Intent
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Sep 20, 2019 by Jared Friedman · across every show →
Everything said about Letter of Intent, oldest first
Sep 20, 2019 positive
Non-binding LOIs effectively filter casual interest from serious customer demand
“Because it's not binding, it doesn't actually commit the customer to buying, but because it looks like a contract, customers take it really seriously. It's easy when you're talking to a customer for them to, like, be polite and casually say, like, sure, I'd bu…”