Ultimately VC is just very different to most other forms of investing, including investing the reputational capital of your movement on a high-profile billionaire. Then you really should do some DD.
This. We forgot that our movement runs on reputation, and reputation is easy to lose, and hard to gain (And rightly so.)
This. We forgot that our movement runs on reputation, and reputation is easy to lose, and hard to gain (And rightly so.)