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by Capricorn2481
222 days ago
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> The US market doesn’t pride itself purely on unicorns created, but on the fact that it’s a vibrant ecosystem that invests in ideas even if they might not become a unicorn. That fact seems lost on the meaning of the headline That just seems like spin on what is essentially burning cash. I don't think it's a morally superior posture to invest in things that fail. I assure you VC's are turning down plenty of things because they don't seem like unicorns. I mean Sequoia invested with SBF while he was playing league of legends in his pitch meeting. We're not dealing with geniuses here. |
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