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I have been thinking a lot recently about the global namespace for people. My thoughts on this are far from settled and there are a lot of them, so I have decided to break this up into a bunch of [...] Read more
Yes, I realize that’s a contradiction, but it seems to capture the essence of deals such as Goldman’s investment in Facebook at a $50B valuation and Groupon’s half-complete $950 million fundraising effort. These deals are designed to provide significant liquidity [...] Read more