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The Dilemma of Software and Venture Investing
"Software investing and venture investing are actually like totally diverging," he says. "Venture has come to mean like software and it's, it's just no longer a precise word." Software companies that could be earning money in month three or six should not be raising 3 out of 30 for the first few years they're new,. He adds: "We capture data, we permeate it and we give people a new outcome"