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From what I understand theranos pitched a lot of the traditional life sci and even tech VCs, but these firms were very skeptical. Especially the biotech VCs do
by aaavl2821 9y ago
From what I understand theranos pitched a lot of the traditional life sci and even tech VCs, but these firms were very skeptical. Especially the biotech VCs do a ton of scientific / technical diligence before investing and theranos almost certainly wouldn't have made it through their diligence filter
I think a few notable VCs actually spoke out critically of theranos, can't recall which, but it is saying something if a VC goes on record publicly criticizing a high profile starrtup
- baxtr 9y agoThat’s generally a bad signal, whenever in-industry VCs stay out of a business and outside-industry VCs go in. Bad signal