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Public Investors vs. Private Investors -- Who is Smarter?

Private Equity Funcast

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Uber Is Making Some Money and Airbnb Is Making It Profitable

The CEO of Slack, Stuart Butterfield, is in a nice job being very transparent about why he's raised all this money. I don't think there are a ton of pre-revenue businesses that have wildly massive valuations other than Jet. Uber's got to be burning tens of millions a month and how much of that is on? Legal fees versus a lot of it.

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