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A comment on Walgreen Sues Theranos, Seeks $140 Million in Damages. Parent comment

Re:Walgreen Sues Theranos, Seeks $140 Million in Damages by cloudjacker on Tuesday November 08, 2016 @05:55PM (#12904684)
Getting funded by VCs doesn't mean what you think it means. It isn't validation or lack thereof, it is perceived portfolio fit plain and simple.
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Re:Walgreen Sues Theranos, Seeks $140 Million in Damages by bosdev on Tuesday November 08, 2016 @05:56PM (#12904696)
This is just not true. When a VC invests, they are betting this company will aggressively grow in value. All do some amount of due diligence. Clearly in some cases, not enough.
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Re:Walgreen Sues Theranos, Seeks $140 Million in Damages by cloudjacker on Tuesday November 08, 2016 @06:54PM (#12905070)
You are basically implying that if someone does due diligence and decides not to invest, that the company is invalid.

Its okay, that is a common sentiment.

Incorrect though

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Re:Walgreen Sues Theranos, Seeks $140 Million in Damages by iaw on Tuesday November 08, 2016 @07:31PM (#12905217)
You're 100% correct.

Source: VC friends and the VC's I've pitched.

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