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	<title>
	Comments on: Bubbles, Markets, Planning, Things That Go Bump In The Night	</title>
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	<description>53 years and 204,000 miles of business, CEO, leadership, startup, political, military wisdom</description>
	<lastBuildDate>Tue, 12 Aug 2014 20:04:00 +0000</lastBuildDate>
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		By: pointsnfigures		</title>
		<link>https://themusingsofthebigredcar.com/bubbles-markets-planning-things-that-go-bump-in-the-night/#comment-1581</link>

		<dc:creator><![CDATA[pointsnfigures]]></dc:creator>
		<pubDate>Tue, 12 Aug 2014 20:04:00 +0000</pubDate>
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					<description><![CDATA[Yup.  On the angel side, I think a lot of the money floating into startups is uneducated money.  Everyone thinks this is just picking winners and losers.  They don&#039;t realize the amount of work that goes into it.  It&#039;s also not like the stock market:  just because you invest at $3M pre money doesn&#039;t mean you can cash out if the startup hits $20M on its next financing round.  By the way, if that&#039;s your strategy you will go broke.]]></description>
			<content:encoded><![CDATA[<p>Yup.  On the angel side, I think a lot of the money floating into startups is uneducated money.  Everyone thinks this is just picking winners and losers.  They don&#8217;t realize the amount of work that goes into it.  It&#8217;s also not like the stock market:  just because you invest at $3M pre money doesn&#8217;t mean you can cash out if the startup hits $20M on its next financing round.  By the way, if that&#8217;s your strategy you will go broke.</p>
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