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The first outside dollar I ever raised was in an IPO. Until then, every professional investor told us we were
crazy that building electrical weapons whose portfolio does that fit. If you're a VC, the distinction between crazy and
successful, I think, is just some element of survivorship. I had a mole that was hired into the company that was
actively sending material non-public information to short sellers. I love my investors, but if we're doing things to
please the investors, that's just focusing in the wrong area. Are you creating value? creating a sustainable
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