[dkfmn]

Read with a critical eye as I, obviously, wasn't present: in this case it seems likely the Financial Advisor screwed up or simply misunderstood the industry. "Shopping the deal" is only anathema if you've signed a term sheet. Many companies receive/solicit multiple term sheets and accept their favorite.

[daemin]

Or perhaps the Financial Advisor was also a friend or advisor to the venture capitalist, hence if they got them a really good deal they would have solid well paid work for the next few years.

[dkfmn]

While possible this doesn't feel likely to me (not that my feelings have any bearing on what actually happened). It would be a breach of fiduciary duty, or at least compromised advice if the advisor wasn't a fiduciary.