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The thing that nobody understands until you've lived through it is just how long it takes for some companies to get profitable and self sustaining. And just how long it takes for some companies to get liquid and leave the portfolio."

The thing that less people understand is when to cut bait. I think avc is making excuses here.

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if i had cut bait on comscore in 2001, i'd have left tens of millions on the table

if i had cut bait on multex in 1995, i'd have left tens of millions on the table

if i had cut bait on TACODA in 2004, i'd have left tens of millions on the table

venture capital sounds easy.

it is not

All those examples had justifiable reasoning beyond "stay and pray"..... right?

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