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2min chapter
Andreessen Horowitz Part I
Acquired
Benchmark Invests Six Million Bucks in a New Venture Firm
After the deal is done and closed, mark, of course, is like, f you. I'm going to, i'm putting my six million bucks in. It's a 66 million post money valuation. Bench mark only gets like 22 point seven % ownership after the deal's done. Even if we just stopp the episode there and say, let's look at this from a single turn game versus multi turn or iterated game. Massive, massive bad idea for bench mark to contribute to create andresond horrowits in the future. Sure, it could have been the most valuable thing to do for this deal in that moment, but for the next 20, 50, a hundred years...
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