Due Diligence, more like dude bussy lmao.
JP Morgan Girlbossed too close to the sun
https://www.fastcompany.com/90834226/jpmorgan-chase-frank-closed-student-aid-startup-fake-users
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Weird how all these laughable scams like Theranos/WeWork/FTX/Frank can land funding from the biggest institutional investors in tech and finance. Almost like the people at the top of society are r-slurs with no clue what they're doing.
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I sort of understand that since startup success can be random af, FOMO can run rampant in investor circles. But why oh why wouldn't they do their due diligence by hiring the right experts when they could stand to lose billions?
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