--- title: "Meaning & Key Takeaway of: When I participate in a Series A deal…" description: "\"When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry term..." image: "https://sms4smile.com/quotes/i/dad/gil-penchina-22864_business_when-i-participate-in-a-series-a-deal-wi_282182.jpg" --- # When I participate in a Series A deal with VCs… ![“When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. 'Ratchet,' 'carry,' 'vetoes' - you name it.” quote by Gil Penchina](https://sms4smile.com/quotes/i/dad/gil-penchina-22864_business_when-i-participate-in-a-series-a-deal-wi_282182.jpg) [Download](https://sms4smile.com/quotes/i/dad/gil-penchina-22864_business_when-i-participate-in-a-series-a-deal-wi_282182.jpg) [Open image](https://sms4smile.com/quotes/i/dad/gil-penchina-22864_business_when-i-participate-in-a-series-a-deal-wi_282182.jpg) > “When I participate in a Series A deal with VCs, entrepreneur-friendly terms go out the window. VCs remain attached to age-old traditional industry terms. 'Ratchet,' 'carry,' 'vetoes' - you name it.” [Gil Penchina](https://sms4smile.com/quotes/author/gil-penchina/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. VCs often cling to legacy terms, limiting flexibility for entrepreneurs in Series A deals. **In simple terms:** VCs use old terms that can hurt entrepreneurs. Key Takeaway Negotiate for fairer terms. Themes finance entrepreneurship negotiation Mood cautious realistic Type advisory pragmatic When to use this quote - startup fundraising - seed rounds - term negotiations - investment meetings Key Concepts term sheets power dynamics venture capital Questions to Reflect On - What terms are most restrictive for you? - How can entrepreneurs protect themselves? A Different Perspective VCs may have legitimate risk concerns justifying certain terms. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Customer](https://sms4smile.com/quotes/about/customer/) ## Related quotes > [I myself know some people who are gay. We're on friendly terms. 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