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PG has all these amazing quips.

> "If you have big plans initially, you are probably Webvan" > "The valuation of an early-stage startup is the % chance they will be big. i.e. a $10M valuation ~= 1% chance they will get to a $1B valuation".

Also, am I the only one that picked up that AirBnB and Dropbox clearly have a valuation higher than $250M. I wonder what they consider their valuation to be right now.




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