> received funding from Silicon Valley investors like 8VC in San Francisco and Andreessen Horowitz in Menlo Park, which hold 22% and 10% stakes in uBiome, respectively
Shouldn't we expect long-established and well-respected VCs to do a very heavy due diligence, both initially and perhaps even more importantly continously to ensure something like this doesn't happen? Especially in the health field. I mean, the VC brands are used as a stamp of approval.
Shouldn't we expect long-established and well-respected VCs to do a very heavy due diligence, both initially and perhaps even more importantly continously to ensure something like this doesn't happen? Especially in the health field. I mean, the VC brands are used as a stamp of approval.