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by vasilipupkin 4240 days ago
there is a lot of uncertainty in valuing a startup. Conditional on this uncertainty, if I think it is worth 10, then absolutely, I should buy every share I can at 10 or below. The question is, is my valuation method correct. On average, since it is known that VC underperform the market, especially, the larger funds - the answer is probably, not quite :)