[rdl]

It looks like failure to get D&O insurance prevented them from suing a top-tier VC for breaking a term sheet, but it's unclear how wise it is to sue a VC over something like that, anyway.

BTW, if anyone needs commercial insurance for their (California based) business, I've had pretty good experience with http://www.alliedbrokers.com/ Allied Brokers in Palo Alto, so far. Prof liability, D&O, etc. are all things which are probably worthwhile after a >$1mm seed, depending on how litigious your sector is (b2b, particularly).