No but thanks for putting words in my mouth. They were dumb because they clearly didn’t even bother to do basic due diligence. The fact that there were no other

No but thanks for putting words in my mouth. They were dumb because they clearly didn’t even bother to do basic due diligence. The fact that there were no other marquee VCs in on a $10b valuation should have raised some flags. It did not. And they weren’t taking a $100k punt. These were investments of tens of millions of dollars so you think that there would have been some basic technical due diligence. This is what I call dumb money. When a VC sees a huge valuation and the only other investors on the captable beyond the Seed/A rounds are celebrities, pension funds, SWFs, family offices and hedge funds they say: “we’re worried that this is the next theranos”