He was gazumped by a much shinier offer because he had nothing in writing. He co...

hhandoko · on July 23, 2015

That's not what I get from the story though.

I sense the founders used the VC as leverage. They had a closing dinner the night before and shook on it. The VC was reasonable to expect the paperwork to be finalised the next day.

YC changing their mind at the very next day sounds very convenient...

jacques_chester · on July 23, 2015

I imagine that everyone's recollections differ. I'd hate to speculate.

Edit: I seem to have touched a nerve, but I don't know what it is. Can someone explain what I said that caused annoyance? I have the usual embarrassing secret obsession with made up internet points.

hhandoko · on July 23, 2015

I didn't downvote you...

But they way you worded it seems to suggest that the VC wasn't telling the truth. At this stage, he has the benefit of the doubt.

jacques_chester · on July 23, 2015

That seems reasonable. I've been in situations where people simply recall events differently, without any sense of intending to deceive.

DanBC · on July 23, 2015

This is a really important point that many people are strongly resistant to.

False memory is a thing and many people refuse to accept that it could happen to them.

http://www.bbc.co.uk/news/science-environment-24286258

(There was a radio programme this week that demonstrated the process of giving someone a false memory. I would post a link but First Great Western (the train I'm on) blocks a bunch of BBC website.)