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#23 The New New Thing: A Silicon Valley Story

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The VCs Could Tolerate Companies Going Bust

Jim Clark said he would personally provide long with as much money as he needed. He now sat on a billion dollars of Netscape shares and could do whatever the hell he pleased with them. Almost before they knew what they had done, they threw their money on the table. The VCs could tolerate companies going bust but not missing out on the new new thing.

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