investing

The end of due diligence during seed investments

Silicon Valley is changing rapidly in many aspects. Today I want to highlight two related trends in the web/tech industry (non-biotech). The transformation of high tech, sophisticated companies into something that “just works”. This scenario is causing the end of the due diligence process for seed investments as there is no longer anything to dig into anymore; you just have to share a few signup numbers, active users and growth rate. You don’t need more than 2 hours! 10 years ago, companies like Google were running on powerful proprietary technologies. Now, everything has changed. Indeed, the recent rise of New York to...