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That is scenario #1. What about scenario #2?

• rficcaglia 7y ago
  > very optimistic about their chances, and about their ability this is the very definition of due diligence...you don't take their opinions as fact. to answer how: * meet with their senior engineers * review code * talk to former colleagues * talk to former professors * review any academic papers, blogs, github repos * talk to customers or MVP users If you don't have the first hand ability to directly evaluate their AI technology, or an extended network who can assist, you should not be investing in AI startups.
• Barrin92 7y ago
  well if they aren't lying and the investors have an accurate picture of what the company is actually up to then there's no problem, that's how venture capital is supposed to work, VC investment is always risky. But there's an increasingly large amount of companies that are purely selling snakeoil that is way beyond any sort of grey area. You just need to look at the infosec scene.
• xamuel 7y ago
  Although I haven't quite cured cancer yet, I'm optimistic that if you give me a billion dollars I'll find a cure for cancer. So can I please have a billion dollars?
  • qroshan 7y ago
    Good VCs almost never fund the idea, but the team. So, if Atul Gawande comes up and ask that question, he most surely will get it
  • SpicyLemonZest 7y ago
    Sometimes the answer has to be yes, right? Otherwise how can you ever do something expensive which hasn't been done before?