The VC due diligence is not about corporate governance or a viable business model. Everyone does shady stuff to some extent and everyone aims to "exit" before t

The VC due diligence is not about corporate governance or a viable business model. Everyone does shady stuff to some extent and everyone aims to "exit" before turning in the first profitable quarter. The due diligence is about the founder's connections and the ability to use them to skirt regulatory oversight. This checked out - both Sam and his girlfriend came from well-connected families and so far acted the part (including the massive political donations). Whether it's going to save them remains to be seen. I hope we won't sink to a new low of bailing out Ponzi schemes with taxpayer money, but I wouldn't be surprised too much.