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#969 David Sacks The Return Of Capitalism & Critical Thinking

The Pomp Podcast

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Are You Taking Chips Off the Table?

In the boom times, you started seeing secondaries become almost a matter of course because there was so much funding that was trying to get into companies. But where i would caution is in a much more difficult fund raising environment, it's irresponsible for founders to be seeking to take chips off the table when that money could be going into the corporate treasury. If there's any concern about the company not being adequately funded enough, and the founders seeking to put money in their own pocket, that's a conflict of interest," he says.

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