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E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more
All-In with Chamath, Jason, Sacks & Friedberg
Do You Have a Diligence Process?
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Too much demand for the stock of private companies and all the hedge funds that came into it. Not enough supply of great founders and serious teams that are working hard on this. In the case of fast, what you had was a founder who was on twitter every day, tweeting about how great the company was in giving start up advice. He should have been giving any of it, because they didn't even have product, a market fit. Lesson learnt.
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