SoftBank has reneged on term sheets to invest in several startups, and Paul Graham says it's 'one of the most damaging things that can happen to a startup'

· SoftBank Vision Fund has reneged on terms sheets it supplied to several startups in recent months, according to a new report from Axios's Dan Primack.
· A term sheet is not a legally binding document, so the megafund acted within its rights to cancel a deal.
· However, reports of SoftBank's stalling has caused other...