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VC don't care. It's expected that some investment will fail one way or the other. VC's investment approach is to invest in 10 startups and hoping one will hit
by ww520 7y ago
VC don't care. It's expected that some investment will fail one way or the other. VC's investment approach is to invest in 10 startups and hoping one will hit it big.
- MiroF 7y agoif the take is "VCs expect startups to fail so they don't do due diligence..." I mean you can already tell how ridiculous that is just by laying it out
- ww520 7y agoThey do do due diligence. I meant they don't care if the due diligence turns out to be wrong because it's part of the risk profile of the investment. This was a response to GP's question of how could VC's due diligence miss the mark so badly.