3 ms·
Yeah, if you got “deep” connections, you definitely can avoid due diligence. Where do you think all that printed money during pandemic actually went? Only a mi
by DethNinja 5y ago
Yeah, if you got “deep” connections, you definitely can avoid due diligence.
Where do you think all that printed money during pandemic actually went? Only a minuscule amount was given to plebs, rest goes to shady startups and gets diluted.
Such evaluations also make naive founders believe that they can get a similar amount. If you aren’t in the club, you won’t ever see a dime of this funny money.
- sjtindell 5y agoThat doesn’t seem right. Projects now are significantly more developed than they used to be, although scams still abound. In the early days I bought something called Hobonickels and it went up 5,000%. It was literally a copy/paste with a changed name. Today the projects have roadmaps, teams, and products that release. They do more auditing, both security and financial. Because the market has demanded it, not some regulatory body.