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Re:Startups that launched at Y Combinator S16 Demo Day 2 by somenomadicguy on Friday August 26, 2016 @02:30AM (#12364598)
Perhaps Thiel offered a minimum return on investment to Hogan? "If you win, you get 100% of a 9+ figure reward. If you lose, I give you $25m, either way we exact our revenge".

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