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> I understand VCs are not the smartest bunch but if you are investing $30M, please do the due. Interestingly how nonchalantly you mentioned that. It wasn't t
by rofo1 7y ago
> I understand VCs are not the smartest bunch but if you are investing $30M, please do the due.
Interestingly how nonchalantly you mentioned that.
It wasn't the case with me. Elizabeth Holmes/Theranos case opened my eyes that there exist significant amount of people that hold significant capital (millions) and are, hm, not the smartest bunch, as you politely put it.
It still somewhat amazes me. You'd think these people were careful, considerate, etc.
- navigatesol 7y ago>You'd think these people were careful, considerate, etc. I'm sure that on average, they're capable, intelligent people. But they're also a product of "right-place-right-time", many times they were "nerds" who were of the right age to get ahead of the internet and become filthy rich. Now, many of them believe they have insight to offer on everything, from politics to philosophy. PG has complained about this on Twitter: why don't we listen to these successful people on other topics? Because they aren't as smart as they think they are.