It appears that the infamous due diligence process is mostly theatre. - for the LPs to believe that their money is handled by serious/smart/accountable people

It appears that the infamous due diligence process is mostly theatre. - for the LPs to believe that their money is handled by serious/smart/accountable people - for the founders to bend over There is a lot of "storytelling" in the VC business that should be more thoroughly and critically explored by journalists.