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by retcon
1419 days ago
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I'm guessing that the VC premium pays for privileges like lock up and preferred terms. VC buying - aka VC selling to greater fool LPs, with purported guarantees trails a wake of retail that fuels their vig. I know nothing concrete about crypto n.b. but I think I can recognize the structured avarice. If my precis is all that's happening I'd convict this kind of VC instantly. |
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