Fact Checking in the Startup World

http://alexstechthoughts.tumblr.com/post/106513520281/fact-checking-in-the-startup-world

by Ataub24 • 12 years ago

12 3 12 years ago

alexstechthoughts.tumblr.com

dack• 12 years ago

VCs are making financial risk decisions based on many factors, and they aren't obligated to research before they buy any more than I am obligated to research stocks. Not only that, but they are certainly aware that most of their investments won't pan out - they just want to make sure they've invested when the next facebook comes along.

Therefore, I think startups should put little weight on how much investment was given to them (or others) - it's not the same as "validation" that the product is going to be useful. That comes from actual customers buying the product.

quanticle• 12 years ago

This isn't a story that should be on the front-page of Hacker News. It's just rumor-mongering. The fact that the author is unwilling to name names or provide any evidence whatsoever regarding this hypothesis is proof of that.

jacques_chester• 12 years ago

It might also mean that defamation lawsuits are easy to start and expensive to defend.

Fact Checking in the Startup World

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