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by simonebrunozzi 1488 days ago
> This happened for what is in retrospect and obvious reason: Big name investors and VCs needed time to cash out.

HUGE conspiracy theory here. Also, you are giving VCs too much credit. They're not super smart, with a few exceptions.

1 comments

To be fair… the top VCs disproportionately have a winner take all outperformance, and it is arguable that those same top 5 institutions are on average “super smart” to maintain said position over the long run