[anotherfounder]

By pushing it out on startups that are supposed to be conservative with spending, and investing only on the product? Seems extremely short-sighted.

[arohner]

At the end of the day, this is all the LP's money, and this comes down to how much the LPs pay the VCs for their service.

Leaving aside bloat in lawyer rates because the VC doesn't care about price, the total cost to do the deal is basically unchanged though.