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If Uber and Lux were public then the correct bet would have been to bet on both of them.
by notyourday 9y ago
If Uber and Lux were public then the correct bet would have been to bet on both of them.
- jogjayr 9y agoIn effect that's what VC has already done for us, right?
- notyourday 9y agoNot really. Properly hedging requires constant adjustment of the steak to lock in the "winnings" and replacing the losing company with a different one that does similar things but has better management.