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A lot of human activity is mimetic--from learning slang/jargon, accents, all the way to hiring and laying off people. If one top tier VC invests in a company X,
by raincom 4y ago
A lot of human activity is mimetic--from learning slang/jargon, accents, all the way to hiring and laying off people. If one top tier VC invests in a company X, other top tiers pile on X, thereby increasing the valuation multiples.