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by cloudjacker 3502 days 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.
1 comments

This 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.
You 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

You're 100% correct.

Source: VC friends and the VC's I've pitched.