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Re:FTX Contagion by stephc_int13 on Tuesday December 06, 2022 @07:11AM (#33878471)
It appears that the infamous due diligence process is mostly theatre.

- for the LPs to believe that their money is handled by serious/smart/accountable people - for the founders to bend over

There is a lot of "storytelling" in the VC business that should be more thoroughly and critically explored by journalists.

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