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An excellent point is raised: What is perhaps the most shocking is QuizUp is backed by several venture capital firms, including some very large and well known
by angersock 13y ago
An excellent point is raised:
What is perhaps the most shocking is QuizUp is backed by several venture capital firms, including some very large and well known ones. The question I have is: did they not do their due diligence when vetting this software or did they not care. I am not sure which one is more alarming to me, and it doesn’t really matter either way. Is this a sign of a bubble when a company can raise millions of dollars with so little care put into its technology or development?
This, sadly, should be of surprise to no-one.
- joshfraser 13y agoHa, I laughed when I saw that. I've gotten term sheets from VC's without them even using my product. To expect them to do a full security audit is quite adorable.
- angersock 13y agoWhat part of the country are you in? The VCs where I live are, um, a bit hesitant about the venture part of venture capital.
- joshfraser 13y agoSF bay area.
- angersock 13y agoYep, that'd do it. :(
- kenrikm 13y agoI assume the OP has little understanding of how VCs work? Vetting Software.. lol..
- bottompair 13y agoMy thought as well - it sucks how one comment can kill the credibility of the entire blog post.
- ars_technician 13y agoThat's a logical fallacy. Lack of knowledge regarding the VC process says absolutely nothing about security, app development, etc.