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by brudgers
5618 days ago
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>"VC's are only friends to those contribute to the fund" No, those are business relationships too. I know that in real-estate deals when the development entity needs to raise more money from the partners, those who cannot do so will find themselves "unfriended." In fact, it is not uncommon for raising additional funds to be used as a tool for increasing returns for remaining partners in that environment. I suspect that if VC's never do so, it is because of contractual obligations not a the kindness of their hearts. |
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