Sleeping Partner, Scowling Partner, Term Sheet Anyway
“Got a call 2 hrs after the IC that they were sending a term sheet over.”
What this teaches
Wessel, now a First Round partner, recalls a 2015 Series A pitch where one famous partner slept and another scowled throughout, then the firm sent a term sheet two hours after IC and was shocked she declined.
Why it matters
Shows the disconnect between in-meeting behavior and investment decisions, told by someone who has since crossed to the investor side.
Key lessons
- Meeting vibes are unreliable signal in both directions
- Bad behavior pre-term-sheet predicts the partnership; you can say no
This is an editorial summary. The full thread, and the credit, belongs to Liz Wessel.
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