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Are You Going to Overpay for Companies?
The founder v c dynamic is in flux. Price of money, an ecosystem has shifted. It's a new era. Things are a lot more expansive and faster. And then right now people are not doing diligence. They're not getting to know founders. Ah, they're over paying for companies. That is a recipe for bad returns. So i'm going to spend the next ten years of my life competing and overpaying for companies? No, i'm done. I don't want to deal with this craziness.