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I agree with you, though I'd say that this may not apply fully to late-stage startups in Series C or Series D.


This is more seed / A stage. Once solid revenues are established it's a different game. I edited the original comment to reflect this.


> late-stage

At that point, it's just another job. Unless the company is clearly headed for a unicorn IPO, your tiny slice of the company is unlikely to be worth much.




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