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Andreessen Horowitz Part II
Acquired
Why Do You Argu That Valuations Are Too High?
Mark: Why would you ever argue publicly that valuations are too high? Like, who's your customer? Your customer is acfeners. He says institutional venture firms do not have a consensus based approach to investment decisions. Mark calls it a red team, and he's like, we basically staff someone with the responsibility of going and trying to figure out why this’s a bad investment.
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