Diligence

topic on 2 shows · 4 statements across 4 episodes

the a16z Podcast 20VC

4 statements about Diligence, every show

20VC Assertion Not checkable as stated
Lemkin: VCs Are No Longer Attempting Due Diligence
“Venture rounds are all getting done on Saturdays. Forget about no diligence being done two years ago. Now diligence isn't even being attempted.”
Jason Lemkin Sep 11, 2025 ▶ 0:35 OpenAI’s $10BN Secondary Sale, Ramp Hits $1BN ARR & Brex Hits $700M · 20VC with Harry Stebbings
20VC Insight
Grady: Investors err by starting diligence without a defined thesis
“One mistake people make is they sort of launch into diligence on something before they really have figured out what they want to diligence.”
Pat Grady Jul 8, 2024 ▶ 10:53 Pat Grady: Sequoia Partner on Investing Lessons from Doug Leone, Roelof Botha and Alfred Lin | E1174 · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Venture firms can spend $1 million solely on diligence for biotech deals
“It's not unheard of to spend a million dollars on a deal and a large deal just on diligence.”
George Zachary Oct 12, 2020 ▶ 29:10 20VC: CRV's George Zachary on His Relationship To Money and How it has Changed Over Time, Why The Best Founders Have Often Experienced Parental or Home Instability and The Stories Behind Investing in Unicorns; PillPack, Yammer and Udacity
a16z Disclosure
a16z views existing crummy customer solutions as a positive diligence signal
“We actually look for that in diligence. So like when we're diligent in company, if we find band-aided, like crummy solutions that are already out there, that's positive.”
Martin Casado Jan 2, 2019 ▶ 24:22 a16z Podcast | Creating a Category, from Pricing to Positioning

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