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ted (not lasso)
@ted
high integrity founder decision, respect
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Loring Harkness
@loringharkness
TBH this does not make sense. VCs know 9.5/10 portfolio companies will go to zero. But a VC only needs 1 company to 100x to make the fund. In "fund math" a 0.5x (or even 2x) company is the same one that goes to zero. Most VCs would prefer the company to use that $3M to pursue a 100x.
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