You're not doing the same amount of DD on a $5M acquisition as you are a $300M acquisition, just as seed VCs aren't doing the same amount of DD as a growth-stag

You're not doing the same amount of DD on a $5M acquisition as you are a $300M acquisition, just as seed VCs aren't doing the same amount of DD as a growth-stage VC. The former may not even have aquifer financial yet and the acquiring company is mostly concerned about the talent of the team and the software. They may not even care that much about a couple of the founders--just needing them for a smooth handover.