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I think you have a point here. Venture capitalists buy in the primary market. They are directly impacting innovation.
Fund managers (both hedge and long only) merely help capital markets to be liquid. Their money doesn’t directly go to anyone actually creating something.
I think you have a point here. Venture capitalists buy in the primary market. They are directly impacting innovation.
Fund managers (both hedge and long only) merely help capital markets to be liquid. Their money doesn’t directly go to anyone actually creating something.