Re:A messaging app startup that raised $200M shuts down afte...
by blueboo on Tuesday June 27, 2023 @04:02AM
(#36490148)
They do but it’s a matter of time
constraints. Pace. Deal flow. Take too long to scrutinise a good thing and it’ll be snapped up from under you. The group that poached might have even less time to do proper due diligence. VCs tap expertise for due diligence in all sorts of mostly-informal ways. But for proper, compensated investigations there’s almost never enough time to build a case you’d stake your reputation on
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