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if 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
by MiroF 7y ago
if 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.