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Yes, I think the investors were happy with that. They cashed in in a few quarters and moved on to invest in whatever was popping at the time, rather than havin
by jhayward 9y ago
Yes, I think the investors were happy with that. They cashed in in a few quarters and moved on to invest in whatever was popping at the time, rather than having to squirrel away that money for another 5-10 years waiting for a high-risk venture to succeed. The folks who would have been happy to do that weren't buying AOL stock, they were putting their money in VC or private equity.