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Benchmark Part I
Acquired
How Did Petchbury Build by Combinator?
Series a was the place to run to for that period of time because of the mispricing you identified. The rise of seed firms and accelerators and angel funds meant that that got so competitive so fast. They probably would have needed to go multi stage and raise huge funds In order to compete rather than being lost in the base lines and lowercase. There's just no way I mean let's take my combinator, which is the big institutionalized winner out of all that Petchbury couldn't have built by combinator.
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