Comment by dheera

Due diligence is a joke in the first place, nobody actually does anything these days beyond flip through some Powerpoints. They think their hockey stick graphs are some diligence but in reality every graph is engineered to be a hockey stick.

The vast majority of whether a deal is good or bad has nothing to do with anything you could be duly diligent about. It has everything do with whether the founders are clever executors to capture market, and the luck of the company in the coming years, the latter you cannot predict.