> So, we're roughly in the same line of business only the customer relationships are reversed (10% PE, 90% VC). Cool, let's merge and take over everything then

> So, we're roughly in the same line of business only the customer relationships are reversed (10% PE, 90% VC). Cool, let's merge and take over everything then :) > (2) If you're a VC, and especially an early stage one, then no, due diligence isn't necessary. Sorry, I shouldn't have been so blanket with that statement (and you could probably tell, I'm a proponent of doing diligence regardless). If you're an angel investor and doing $10-25k deals then I would comfortably say it might be a waste of time, but if you're doing $1M seed deals, I definitely agree with your viewpoint. > All that experience counts for something and even if the tech changes the lessons learned remain. I don't disagree. My point here rather is that many people (i.e. entrepreneurs) see VCs as these more-than-mortal tech gods, which in reality, they are probably more fallible then you and I.