Most VCs delegate diligence to 22 year olds that don't really try the site or startup of the startup they invest in. This should not be surprising. VCs delive

Most VCs delegate diligence to 22 year olds that don't really try the site or startup of the startup they invest in. This should not be surprising. VCs deliver risk-adjusted returns way below the S&P 500Most http://www.avc.com/a_vc/2013/02/venture-capital-returns.html http://www.avc.com/a_vc/2013/02/venture-capital-returns.html http://www.kauffman.org/newsroom/institutional-limited-partners-must-accept-blame-for-poor-long-term-returns-from-venture-capital.aspx http://www.kauffman.org/newsroom/institutional-limited-partn... And VC's subtract value from the startups they invest in. http://techcrunch.com/2013/09/11/vinod-khosla/ http://techcrunch.com/2013/09/11/vinod-khosla/