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Also strangely enough it's illegal if you're already a successful company and try to do it in a new vertical, but completely fine if you're a couple unknowns wi
by pc86 5y ago
Also strangely enough it's illegal if you're already a successful company and try to do it in a new vertical, but completely fine if you're a couple unknowns with a few hundred million of venture capital.
- 21723 5y agoNinety-nine percent of private equity profits come from taking strategies that are illegal with regulated, public companies and applying them to unregulated assets. And venture capital is a subset of private equity. Almost every conversation VCs have amongst themselves would be considered market manipulation if it pertained to an exchange-traded company, and of course the fact that it's all insider trading goes without saying. So no one should be surprised.
- pc86 5y agoThis is one of those things that sounds right, and I'm inclined to believe, but I've never read any in-depth discussion of it so I'm hesitant as it's sort of confirming my own bias without a ton of concrete evidence.