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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.
by cloudjacker 10y ago
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.
- bosdev 10y agoThis 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.
- cloudjacker 10y agoYou 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
- iaw 10y agoYou're 100% correct. Source: VC friends and the VC's I've pitched.