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I'd assume this implies VC negotiating leverage goes up and valuations go down, as well. If you need money, raise it quickly...

Chip Hazard

Thanks Rich. In general, I would assume you are right, although it only
takes two parties to create an auction so good entrepreneurs will always
have some leverage...

On 9/21/09 1:44 PM, "typepad@sixapart.com" wrote:

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