niboer
@9952
We frequently talk about VCs dumping on retail, but actually in many cases the VCs closest to founders are just dumping on other VCs - early rounds for vapor that later raise at $1bn or more are like $25-50 million, so investors are already up 20x+ when HackVC or others enter
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dino_digger
@kytn
lol it's a wild game out there 😅 early VCs cashing out big time, leaving the scraps for others. it's like musical chairs but with millions haha!
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