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Not true. Yes he takes what appears to be big risks but he hedges by insisting on insane terms. Then it's his and only his company. A good guy he is not. Smart, yes. He does deals no one else will. There's value there but mostly to him and his LPs. The founders are mere employees.

One easy test is the lack of YC companies in his portfolio. Another is the lack of big name founders he created. It's all about Vinod.




That doesn't sound so bad to me - sounds like capitalism - greed is good http://www.youtube.com/watch?v=vscG3k91s58


Of course, then there's insisting on 50% equity plus an options pool that comes from founder shares at the seed stage...




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