27 minutes ago
A blog containing opinion and analysis in a wide array of areas including the economy, health care, broadband and international relations.
Now the lesson is that due diligence is essential, it means that you did enough work to determine if there are any fatal flaws. I have been through the process dozens of times. Often we find things. People have done it on my companies and I have done it on others. The first thing you must do is understand the validity of the offering. You must understand it. Second you must examine the team. In Silicon Valley having no experience is valued. I would not climb Mt Everest with a Guide who had never been outside of Florida! I want experience and I would due due diligence. Somehow major investors and major corporations just blew it. That may not be good for some careers but it is also not good for the industry. However it may be great for the lawyers!