It doesn’t absolve VCs of their fiduciary responsibilities, but it does explain their callousness. If both founders and their backers know that money is practic

It doesn’t absolve VCs of their fiduciary responsibilities, but it does explain their callousness. If both founders and their backers know that money is practically free, governance lapses can always be papered over by raising another round. And since interest rates are negligible, there’s too much money chasing too few deals. Any VC that stops to do active due diligence is too late to close the deal.