TLDR Tech / Founders
Losing Your Investors' Money Is Already Priced In
The General Partner model and the startup model are not the same game. Startups are supposed to chase huge, ambitious targets, knowing that most who try will fail. General Partners run diversified portfolios specifically so they don't lose their liquidity providers' money. Many founders grind themselves down trying to get their investors some kind of return when the investors have already written the company off a long time ago. These founders are better off shutting it down and figuring out the next thing.
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