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TechFlow news: Arthur Cheong, founder and CEO of DeFiance Capital, posted a tweet stating that over the past few months, the due diligence standards of venture capitalists have clearly declined. A project with questionable metrics and founder background has successfully raised funds at a $1 billion valuation. If this trend continues unchecked, it will keep attracting speculators into the space.
Arthur Cheong, founder and CEO of DeFiance Capital, posted a tweet stating that over the past few months, the due diligence standards among VCs have clearly declined. A project with questionable metrics and founder background has successfully raised funds at a $1 billion valuation. If this trend continues unchecked, it will keep attracting speculators into the space.
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