“Don’t worry about the competition”, the VCs said.
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Couple of interesting papers to cross my desk this morning: Aswath Damodaran has a new paper out on overpriced startup valuations: papers.ssrn.com/sol3/papers.cf
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(This is a joke tweet, and reality is more nuanced. Sometimes, in certain environments, ignoring competition is ok. But in many others, it isn’t.)