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His general approach does indicate that belief in the product is paramount, his trust in the team second. The takeaway is not to yank the chain too hard negotiating when these two criteria are met. He could have closed a week before.


Those who aren't willing to walk away make bad deals.


This is generally true. "Today and today only" is usually a red flag.

But those who aren't willing to pull the trigger quick enough miss the great deals.


It seems to boil down to "How fast can you be mostly right?"


Pretty close to what was found here: http://arxiv.org/abs/1201.3798

It also sounds fairly intuitive when you verbalize it: the faster you can update your (presumably sound) strategy to new information, the "better" you are likely to do compared to someone who responds to changing information at a slower rate.


Even if your initial strategy is less sound, if you can (and are willing to) update it faster, you can still win (so long as your initial strategy wasn't too horrible).


Thats why comments on Hacker News are editable :)


Happened to my OP :) Pushed down to -1 early, made some edits and now +10




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