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by rdlecler1 3083 days ago
They're not going to diligence the technology. They're going to vet the founders. That's what they've always done.
1 comments

Nope, that’s not what they do in my experience. When a VC says they “invest in the team” what they generally mean is has the team already had a successful venture. Either that or, we’re they referred by a friend, or did they went to a university they like.

They rarely dig into how the background of the team and their ability to deal with unforeseen problems. That is, in my experience.