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Joi Ito on No Shop Agreements: “[I]f you decide that you like each other and REALLY want to work together but that it will take a lot of work before the actual transaction happens, a no-shop allows both parties to focus on building the business.”

John Ludwig: “I don’t think I’ve ever heard anyone at our firm telling a startup to spend more, faster.”

Zimran Ahmed: “…those ‘sure things’ that Joel mentions exist more often in the mind of the entrepreneur than in reality.”

Eric Sink : “… most VC firms don’t have much to offer people who want to build solid, long-lived companies.”

About the author.

I'm Joel Spolsky, co-founder of Trello and Fog Creek Software, and CEO of Stack Overflow. More about me.