3 ms·
Holmes was a family friend of the Drapers, and his investment was a token amount. I doubt whether he did ANY due dili on that one, and find it hard to hold that
by hornbaker 10y ago
Holmes was a family friend of the Drapers, and his investment was a token amount. I doubt whether he did ANY due dili on that one, and find it hard to hold that against him.
- david927 10y agoDo VCs actually perform TDD? Like at UBeam? Or Color? This is a bigger problem than one company. This is that funding has been divested from basic technical due diligence. It's one thing to fund a company trying to make a new form of aircraft and another to fund one that makes a pill that will allow you to fly.
- CPLX 10y agoYou think it's OK for a partner at a VC firm with a fiduciary duty to its LP's and investors to use the firm to give half a million dollars to his daughter's friend without any due diligence?