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Insight Ventures: They Kept Changing the Terms

Fund: Insight Venture Partners

Posted by thermocline on 2007-05-08

PUBLIC:

A few years back we got a term sheet from these guys and almost took their funding. In the end we turned them down mostly because of our experiences with Jerry Murdock. Every time we met or spoke with him he tried to reduce the original terms. We took another term sheet because we simply felt we couldn't trust the management at their firm. It felt like we were dealing with a used car salesman when we had to deal with Jerry.

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