Y Combinator founder Paul Graham just published a blog post suggesting a new way to handle handshake deals, i.e. verbal commitments for investments and other transactions. That kind of commitment can be a necessary prelude to a more formal agreement. Graham writes: "Things can happen fast in the startup world ... so both investors and founders need a way to reserve space in a transaction." However, he notes that these deals also fall through.Source: http://feedproxy.google.com/~r/Techcrunch/~3/xAzGBQs-Dqg/
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