Yesterday on twitter [1] pg mentioned "exploding offers" from some
accelerators, and to be honest, I'm just clueless by what that means in
context. I've heard the phrased used in big company buy-out situations.
An example might be the proposed acquisition of T-Mobile by AT&T having
a condition where if the deal didn't get approved, then AT&T would have
to pay a whole bunch to T-Mobile (for the brand damage etc.).
Dan Shapiro (hn:danshapiro) submitted the tweet to HN yesterday during the most busy part of the day for submissions, so it didn't get much of a chance for up-votes.
This morning I woke up wondering what the heck an "exploding accelerator offer" really is? How do they work? Is there yet another, umm, "non-transparent" or "potentially risky" investment practice that founders need to be aware of?
(Yes, I intentionally tried to phrase it nicely since terms and practices are just terms and practices people/companies agree to)
[1] https://twitter.com/paulg/status/321657682761232384
[2] https://news.ycombinator.com/item?id=5520295