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Regret Minimization, Being a Great CEO and Building Wealth | S1E7 Part 1 Ft. Toshan Tamhane

The BarberShop with Shantanu

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I Don't Need Liquidity to Sell a VC Firm

You are one of the very few investors who has not sold a single share despite multiple cajoling requests from my side to allow other investors to come in. If an entity you invest early is doing well, you should never sell it and all the VCs as a part of cap table cleanup are going to push you to sell. People who make the real money on angel investing are not the ones who sell at five x or six x. You have to wait till it becomes thousand x, which as per your chart, I think will happen. But that's what I mean. On liquidity, of course, but thank God I don't think I'll need liquidity to sell.

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