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Did these VC firms not do their due diligence on Goldenberg and Ressler or did they just not care? I find it hard to believe that they secured $300MM in fundin
by chrissnell 11y ago
Did these VC firms not do their due diligence on Goldenberg and Ressler or did they just not care? I find it hard to believe that they secured $300MM in funding with nobody noticing this.
- dreamdu5t 11y agoThey don't care. FTC fines are a cost of doing business.
- mbesto 11y agoI do due diligence on VC/PE projects for a living. Either their diligence partner is really poor or they simply ignored their advice. Despite having $300MM on the line, you'd be surprised how often either situation happens.
- pagkag 11y agoIf you're a sociopath, that background reads as a proven ability to commit profitable but "plausibly deniable" crimes.