from Hacker News

Fact Checking in the Startup World

by Ataub24 on 12/29/14, 3:17 PM with 3 comments

• by quanticle on 12/29/14, 4:15 PM

  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.

• by dack on 12/29/14, 4:11 PM

  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.