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Skyrocketing acquisitions by big companies also justify half VC economy (the other half being AirBnb-style dominance over a sector). It would be interesting to know, if the exit events were smaller, whether the seed/VC capital eould redirect to more conservative positions like old industries or emerging markets.



Or you could see a bunch more smaller companies that still make acquisitions, and a whole lot of smaller IPOs that return a decent profit.




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