My good friend, Ron Morris, a highly successful serial entrepreneur whose most recent venture is his own business talk radio network, told me that his first rule of negotiations is to never, ever, ever trade cash for a promise.
For example, the Obama campaign has attacked certain Republican nominee Mitt Romney's successfulbusiness career, portraying the venture capitalist company he founded as a pioneer in outsourcing American jobs.
The result was an amazingly successfulventure called the Kairos Society, a student-run nonprofit that connects undergraduate entrepreneurs with business leaders to create innovations with global impact.