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Sequoia's Roelof Botha warns 'chumps' not to buy into SPVs | TechCrunch

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Summary
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62% Informative

Roelof Botha sees signs of another greed cycle brewing in venture capital.

He warns about special purpose vehicles, a structure that allows a startup's investor to sell access to a chunk of their shares to others.

SPVs are becoming especially common in AI investing, where some startups are raising astronomical sums.

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44

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26

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semi-formal

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English

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39

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