What is perhaps the most shocking is QuizUp is backed by several venture capital firms, including some very large and well known ones. The question I have is: did they not do their due diligence when vetting this software or did they not care. I am not sure which one is more alarming to me, and it doesn’t really matter either way. Is this a sign of a bubble when a company can raise millions of dollars with so little care put into its technology or development?
Ha, I laughed when I saw that. I've gotten term sheets from VC's without them even using my product. To expect them to do a full security audit is quite adorable.
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An excellent point is raised:
What is perhaps the most shocking is QuizUp is backed by several venture capital firms, including some very large and well known ones. The question I have is: did they not do their due diligence when vetting this software or did they not care. I am not sure which one is more alarming to me, and it doesn’t really matter either way. Is this a sign of a bubble when a company can raise millions of dollars with so little care put into its technology or development?
This, sadly, should be of surprise to no-one.
Ha, I laughed when I saw that. I've gotten term sheets from VC's without them even using my product. To expect them to do a full security audit is quite adorable.
What part of the country are you in? The VCs where I live are, um, a bit hesitant about the venture part of venture capital.
SF bay area.
Yep, that'd do it.
:(
I assume the OP has little understanding of how VCs work? Vetting Software.. lol..
My thought as well - it sucks how one comment can kill the credibility of the entire blog post.
That's a logical fallacy. Lack of knowledge regarding the VC process says absolutely nothing about security, app development, etc.