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A comment on A messaging app startup that raised $200M shuts down afters users were 95% fake. Parent comment

Re:A messaging app startup that raised $200M shuts down afte... by rvba on Monday June 26, 2023 @01:10PM (#36482621)
Technical due dilligence isnt that important.

The first thing is that the product has to scale, be popular, then maybe make money. You can always hire people who will rewrite.

The opposite doesnt work. Technically brilliant product might be unpopular or unknown.

Please note: I dont say that things should be built poorly.

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Re:A messaging app startup that raised $200M shuts down afte... by raverbashing on Monday June 26, 2023 @01:14PM (#36482690)
> Technical due dilligence isnt that important.

I suspect some Theranos and uBeam investors disagree with you

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Re:A messaging app startup that raised $200M shuts down afte... by sroussey on Monday June 26, 2023 @02:17PM (#36483555)
Very much depends on the market. A marketplace app establishing a great user base? What will the intrusive technical due diligence get you?

Very much depends on the stage. At Idea Stage or Prototype what are you looking at exactly?

Series C biotech though…

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Re:A messaging app startup that raised $200M shuts down afte... by CharlieDigital on Monday June 26, 2023 @04:17PM (#36485233)
In many cases, there's a fine line between "technical" DD and just "DD".

Case in point is the JPMC acquisition of Frank and Frank's CEO Charlie Javice.

Turns out all of the user numbers were made up. A technical DD would have easily surfaced this even though the user numbers and volume is business related.

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