[chollida1]

> Practically every single VC seed round story I've heard from new/young founders is that the process is nothing short of a colonoscopy into not only their business, but also their professional network, and even their personal lives!

Really? Y Combinator is famous for its lack of due diligence, and making decisions based on a web form submitted to get to inperson interviews and then a 10 minute meeting to make an investment.

And the biggest VC's of the past few years, Tiger Global and SoftBank did almost no diligence.

The other big VC's in AZ and Sequoia are also known for moving very quickly and not being very onerous with their due diligence.

I guess it could be that most of the VC stories you have heard are from 2nd and 3rd tier VC's who have to be far more thorough?

[raverbashing]

The lack of DD in YC I believe is due to them being Angel/A series basically (not sure if the classification even stands here, they're an incubator)

You do want more DD to invest in bigger companies