This is causing a lot of folks looking for their next adventure to be very differently equipped wading into the river the second time, and I think that is changing the shape of the river, too. A community defined by non-availability of capital now has high quality access to it.
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(The bootstrapper community has long chafed under "Hmm Silicon Valley professional money won't invest in a business which hopes to one day be 7 figures a year in Iowa" and now there are a bunch of folks who a) did that and b) now have 7 figures a year to redeploy.)
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A sentiment I've heard N times: I'm now a limited partner. Eff me I didn't set out to be a limited partner. I'm not the Harvard endowment. I don't even know anyone who went to Harvard! But I got good at this software thing and what am I going to do now, buy apartment complexes?
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