AI startup claims to automate app making but actually just uses humans

Re:AI startup claims to automate app making but actually jus... by ww520 on Thursday August 15, 2019 @01:53PM (#20707737)

VC don't care. It's expected that some investment will fail one way or the other. VC's investment approach is to invest in 10 startups and hoping one will hit it big.

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Re:AI startup claims to automate app making but actually jus... by MiroF on Thursday August 15, 2019 @02:00PM (#20707826)

if the take is "VCs expect startups to fail so they don't do due diligence..."

I mean you can already tell how ridiculous that is just by laying it out

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Re:AI startup claims to automate app making but actually jus... by ww520 on Thursday August 15, 2019 @08:41PM (#20711135)

They do do due diligence. I meant they don't care if the due diligence turns out to be wrong because it's part of the risk profile of the investment. This was a response to GP's question of how could VC's due diligence miss the mark so badly.

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