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by ojbyrne 6363 days ago
For both of the companies referenced, the founders have been reported to have "cashed-out." I don't think either 1 or 2 is part of their thinking. Just follow the standard VC Web 1.0 agenda - get big fast. Home run or complete failure.

People seem to have forgotten all the failures that produced. VCs are fine with 9/10 complete failures, as long as there's 1 home run.