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They're not going to diligence the technology. They're going to vet the founders. That's what they've always done.
by rdlecler1 9y ago
They're not going to diligence the technology. They're going to vet the founders. That's what they've always done.
- comstock 9y agoNope, that’s not what they do in my experience. When a VC says they “invest in the team” what they generally mean is has the team already had a successful venture. Either that or, we’re they referred by a friend, or did they went to a university they like. They rarely dig into how the background of the team and their ability to deal with unforeseen problems. That is, in my experience.