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Cocktail napkin: Difference between revisions
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Sometimes called a “[[termsheet]]”, the cocktail napkin is the ''concentrated essence of your deal''. ''Everything'' of importance — everything you need to confirm that your respective [[Consensus ad idem|idems reached a consensus]] is there: you’re done, you are locked, loaded, and all you now need are the [[legal eagle]]s to wheel in ''the Machine that goes Ping'' and smother the whole thing in acres of [[boilerplate]]. | Sometimes called a “[[termsheet]]”, the cocktail napkin is the ''concentrated essence of your deal''. ''Everything'' of importance — everything you need to confirm that your respective [[Consensus ad idem|idems reached a consensus]] is there: you’re done, you are locked, loaded, and all you now need are the [[legal eagle]]s to wheel in ''the Machine that goes Ping'' and smother the whole thing in acres of [[boilerplate]]. | ||
Here is a curious refutation of a truth that is otherwise universal: that everything before the “but” is bullshit. ''Everything'' on the [[cocktail napkin]] goes ''before'' the “but” — that is its very definition — but here it contains all the distilled, unvarnished essence of your engagement. It is the antithesis of bullshit. | Here is a curious refutation of a truth that is otherwise universal: that everything before the “but” is bullshit. ''Everything'' on the [[cocktail napkin]] goes ''before'' the “but” — that is its very definition — but here it contains all the distilled, unvarnished essence of your engagement. It is the ''antithesis'' of bullshit. At the exact point where the napkin ends — its torn & lipstick-smudged edge — ''that'' is where the “but” begins. But note the rude inversion: this time, it is everything that comes ''after'' the “[[cocktail napkin|but]]” — and make no mistake, ''torrents'' will come after it — that will be bullshit. | ||
But hold on for dear life: within nine months you’ll be live! | But hold on for dear life: within nine months you’ll be live! | ||