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I read the point as being that angels can't really afford to invest broadly enough to hit those exceptional performers.
by sanderjd 1y ago
I read the point as being that angels can't really afford to invest broadly enough to hit those exceptional performers.
- jay_kyburz 1y ago>Four others that raised money but with painful recapitalizations that effectively wiped out early shareholders I think its the recapitalizations that make the investments unfair. To buy a stake in a company then have it diluted by the bigger fish once a lot of the risk has been mitigated is BS if you ask me.