Polls of the start of founders who were in attendance showed a contradiction. Everyone understood where eaded for, but we're going to be the one company that doesn't need to cut. So there was a real contradiction in how founders are interpreting this advice. Anecdotally, i'm seeing people come back fromround where they were expecting forty or 50 million dollars. They were living in a hundred times revenue world. I said, calmmeMe, when you get to 65 and 65 % discount on their s. That's literally the best way to bet on your startup.

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