dd564
Recycles dryer sheets
It's not surprising to see the VC $$$ dumped into it.
They do due-diligence, but only after they are sold on the idea. And once they are sold, they don't really want to find anything bad because they are already believers.
Many think VC'ers are a sort of another check and balance for a corporation. Like they need to worry about whether they will please the VC. But once the VC firm has bought in, they are all aboard the hype train until it's completely obvious it's a failure.
The VC wants to pump it up and start trading out of shares.
They care very little about how the company is actually doing. Just what hype can be sold to gain more positive attention. (increase stock price).
They do due-diligence, but only after they are sold on the idea. And once they are sold, they don't really want to find anything bad because they are already believers.
Many think VC'ers are a sort of another check and balance for a corporation. Like they need to worry about whether they will please the VC. But once the VC firm has bought in, they are all aboard the hype train until it's completely obvious it's a failure.
The VC wants to pump it up and start trading out of shares.
They care very little about how the company is actually doing. Just what hype can be sold to gain more positive attention. (increase stock price).