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by ianstallings
3019 days ago
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That part about due diligence is what gets me. How do you sink $700M into a company without going over it all with a fine-toothed comb? Where were the scientists and skeptics for the investors? They fell for the "here's a single customer saying it's good, and here's us in the news" routine. I could understand if this was a seed round for a few million in some software venture, but $700M for healthcare tech? This is incredibly negligent. |
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