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Conversation
A variation of this is:
- was in hyper competitive venture backed capital inefficient business with weak moats
- got out shortly after or before IPO, made decent pile of money
- generalises the experience to say that capital raising is the highest order bit for all companies
Replying to
Not going to deny that the person may have good operating skills, but ‘operating skill’ is quite context dependent — difficult to say if the skill translates well to a different part of the capital cycle or to a different industry.
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