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Buyers wanted … traders need not apply

I have written before, often, about the relationship between founders of small space companies and the investment community. The short version of my standard soapbox is that a lot of venture capital operates the way a trader operates in the public markets. The question that actually drives the decision isn’t “what is this company worth today, based on what it does and who trusts it?” It’s “what will the next buyer believe this company is worth, and how soon can I find that buyer?”

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