Don’t believe the hype: Why skepticism is increasingly important for VCs
Source Node:
https://thenextweb.com/growth-quarters/2020/04/08/heres-why-investing-in-startups-is-riskier-than-ever/
Startups have long lived by the mantra of ‘fake it till you make it’ and many are built on buzzwords and hype. For example, a blockchain startup claiming to use the technology without having an actual blockchain. Or a study last year which revealed that two in five ‘AI startups’ actually have no AI whatsoever. [Read: Darktrace’s co-CEO on trusting AI to fight cyberattacks on our behalf] Founders have come to believe that exaggeration and the latest tech lingo are the best way to land the cash they need to develop their big