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The amount that you misunderstand what you're talking about is staggering.

• loceng 13y ago
  The point is they're not that confident the stock will go up much more. Sure, you could look at it as spreading risk.
  • acjohnson55 13y ago
    If that were true, they would liquidate much more aggressively. I don't know how much total value in shares they have left, but if you're a venture investor, your goal isn't to tie up all your money in ventures that have already broken through; your goal is to find the next one. If all they wanted to do is go long on stocks, they could do that without all the venture investing.
    • loceng 13y ago
      If they started to liquidate quickly, so would everyone else - and they'd piss off their co-investors too if they didn't do it fully planned out. Regarding going long on investments in a different way - that won't bring them the same return.