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by anu7df
1422 days ago
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I am not sure how you came to that conclusion. This reduction can still be consistent with a fixed bar for acceptance. Say that earlier everyone who cleared the bar got funded. Now, only 60% of those who clear the bar gets funded. The further selection can be on the basis of a performance criteria like value expectation or risk of failure, or it could be on the basis of investor preference to certain areas. |
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