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The point being that there is always risk, and if you currently have the end result, there isn't much reason to give that up so that you can make a bunch of money and get back to where you started.

This is somewhat related to one of the best comments in the FU money thread. If you were happy before the money you will be happy after the money. If you were miserable before the money you will likely be miserable after the money.

BTW, that IPO isn't a sure thing either. I would guess that a successful IPO is less likely than a big competitor ruining your business.



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