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“for our business to be centered around early stage. And so…” — The a16z Show at 22:37

“for our business to be centered around early stage. And so we have to do the early stage investments in those companies that ended up working out and then many won't work out, but that's the nature of the beast. And so, you know, our business kind of starts and ends with how successful the early stage business is.…”

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