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this post was submitted on 07 Nov 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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IPO is just to decide how many months or years they'll survive for and to pass some of the bag to everyday people.
They are balancing the needs of getting bagholders to buy in in the first place (which means keeping the IPO valuation lower) and continuing to project confidence and hype.