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Re:Do VCs really add value?  Founders say sometimes by tptacek on Monday June 11, 2018 @03:10PM (#17287465)
This doesn't really offer that; it documents a seed round raised by angels by a company that doesn't want to engage institutional VC because they demand a 10x success.

VCs aren't demanding 10x successes because they're lazy; they do it because the winners have to pay for the losers. This isn't even a VC-specific pattern; you see it in almost every hits-driven business.

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