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Ah, but my point was that they don't operate like startups. They may adopt a lot of startups' superficial trappings, but in their first three years, they aren't sharpening their objective by being cash-constrained and exposed to the evolving tastes and distastes of the outside ecosystem. They're semi-generously funded while building whatever will amuse Sergey and Larry. That's creates LINS problems, again and again.



I agree that they don't operate like startups enough, but it is in fact the goal of Alphabetization.

You're right that it's not working well enough. That's why I think they'd be better off simply making GV the largest private equity/venture capital firm in the world.




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