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Ron Conway, Founder, SV Angel

The Social Radars

00:00

Developing Relationships and Verbal Agreements in Business

Developing relationships in business involves being genuinely interested in people, taking them out for meals, and knowing personal details about them. It is essential to want to meet new people and authentically engage with them. In business deals, reaching verbal agreements over meals was common practice, often accompanied by alcohol. While written agreements are crucial, they could be as simple as a handwritten note confirming the deal, avoiding the risk of being burned by not putting things in writing.

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