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.
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.