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Ep161 – Steve Baxter (Partner – TEN13 VC) on capability, competitors & investing

The Startup Playbook Podcast

CHAPTER

The Importance of Being Capable

I was actually being offered shares in that offer me shares in Aussie mail. They wanted to lock the shares up for a couple of years. I said, no, not going to happen. And so we were going to get paid shares. We could sell them day one and then half of through a process that sold Aussie mail to unit and unit said no,. as a part of the takeover, we're kind of all this stock lying out there. Keep the guys cash instead. In the end, we just got the cash. It was a lot easier. To me, they've taken the market sort of crossover because a smart person won't push a ship business between a lot.

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