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Sebastian Mallaby: Venture capital as an engine of courage — #8

Manifold

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Is There a Difference Between the Mark Son and the Companies?

Venture capital backed networks of startaps are a clever mixture of the two. A v c is choosing which ideas to back, and so he's like a strategic manager at a big corporation. But there's also a market signal, because in the ventur capital world, you provide six or nine months of runway. And if nobody is buying at that price, pretty much the start up has to be closed down.

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