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by cowsandmilk
1998 days ago
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> They ran their own IPO and you can be sure as hell that partners didn't want to leave any money on the table. The optimal return for partners probably is giving the institutional investors a pop on even your own IPO so you keep them as investors for future IPOs where you are collecting fees. When the institutional investors lose money on an IPO, are they going to come back to you for the next one? |
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