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It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by m
by gohrt 11y ago
It's strange that you think that an investor who owns 7% of a company is "being serious" by declining to do any diligence about illegal behavior undertaken by management.
- dang 11y agoYou have no basis for that statement.
- mildbow 11y agoIsn't the whole article pretty much basis for that ? :( If sam is saying YC founders are using terms wrong, doesn't that imply that YC was fine with those terms? So confused. Anyway, the simple fix would be to just have a 1-3 day finance bootcamp to make sure everyone speaks the same language. Rather than getting everyone to try to being kinda-sorta competent.
- dang 11y ago> Isn't the whole article pretty much basis for that For "declining to do any diligence about illegal behavior"? Of course not. Why did this topic come up in the first place? Re lack of diligence, it's astonishing how people jump to make mean, false statements without a second's pause to consider the obvious.