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E45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
All-In with Chamath, Jason, Sacks & Friedberg
I Think the Diligence Is a Costo Doing Business, Right?
i'm a little concerned she's going to get away with it. This was clearly a major fraud, big time fraud. And even if she didn't directly perpetrate it on silken valley,. V c, i think the message to the industry would be absolutely horrible if she gets away withIt. But but the only reason they can model it out that way and have the fraud an acceptable, unpredictable sort of cost o doing business is because you had these firms in our industry who actually did diligence at the seed, at the series a, right? Yes? And now we're seeing primarity guys move so early, they're actually even now doing the theyre movemint all the way
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