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This is asking for trouble -- it's really ambiguous, and can easily lead to troubled waters in the near future.

Anyone who's lost money in their startup investment knows what I'm talking about. ("Oh yeah, I know it's risky, don't worry" ... "Wait, did you try hard enough? What are going to do, jump ship NOW??")

Their idea of an "evergreen" fund is cute, but it's ultimately flawed. Most startups fail.



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