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If you're a VC firm shouldn't the amount of due diligence you do increase with the amount of money you're investing? Or was their investigating capacity so poo
by rmason 6y ago
If you're a VC firm shouldn't the amount of due diligence you do increase with the amount of money you're investing? Or was their investigating capacity so poor that it's a miracle they weren't cheated before?
Or are there other startups they've invested in that just haven't been found out yet? If I was one of their LP's I'd be asking some hard questions.
- heartbeats 6y agoNo, it should decrease. If you're a gazillion dollars deep, your best incentive is to cover up the fraud and try to dump it on someone else.