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They do due diligence to ensure what the founders are pitching is based in reality - i.e., current sales and growth figures, unit economics, industry data, gene
by tomhoward 8y ago
They do due diligence to ensure what the founders are pitching is based in reality - i.e., current sales and growth figures, unit economics, industry data, general trends.
But they know they can't accurately predict the future so they don't spend much time trying to do that.