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I just do not understand Ivan’s logic. The VC industry is currently laden with cash; many deals are landing at the upper end of their target range or even oversubscribed. This has been going on all year.

Mill Computing is a classic "noodling" company which is a category that has typically had little to no interest from VCs.

What is a "noodling" company?

Colloquially, "noodling" usually means something like "fooling around with ideas and possibilities without a clearly-defined goal or purpose."

Sounds like fun. How does one get into this kind of gig?

Helps to have a lot of cash!

Ah ok thanks, I hadn't heard it before.

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