>> That's only because you don't know who she knew. With such deep connected friends when you bring powerful people to the board, money will follow.
This is the one thing that I always think about when people talk about the SV crowd. There were a fuck ton of red flags and everybody ignored them continually until you couldn't any more.
All I ever read about SV is that you have to have a solid idea, solid financial plan and make damn sure you know what you're doing before you even get a whiff of the big VC money. In her case, all of that somehow just evaporated and they jumped in without doing any due diligence. I guess to some degree, the investors have no one to blame but themselves. If you're not going to vett these companies before you throw a few million at them, then you get what you deserve and her investors are getting in spades right now.
This is the one thing that I always think about when people talk about the SV crowd. There were a fuck ton of red flags and everybody ignored them continually until you couldn't any more.
All I ever read about SV is that you have to have a solid idea, solid financial plan and make damn sure you know what you're doing before you even get a whiff of the big VC money. In her case, all of that somehow just evaporated and they jumped in without doing any due diligence. I guess to some degree, the investors have no one to blame but themselves. If you're not going to vett these companies before you throw a few million at them, then you get what you deserve and her investors are getting in spades right now.