3 ms·
Agreed, but if you are a VC you do basic DD right? And if there is a reddit group calling your new star CEO a scammer, you might check a bit? But yes, full agre
by tluyben2 5y ago
Agreed, but if you are a VC you do basic DD right? And if there is a reddit group calling your new star CEO a scammer, you might check a bit? But yes, full agree.
- bombcar 5y agoI suspect that many VCs don’t do due diligence beyond “someone we trust is already in” and others assume they can get out before it collapses.
- ramesh31 5y agoIt's also a calculated risk. Every ICO in existence has its' detractors. But with so much free funny money floating around, the calculation is heavily outweighed towards FOMO.
- rchaud 5y agoThe basic DD that a crypto VC does is to figure out just how big the market for suckers is at this point in time.