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Basically, they can't compete at the A level now against Angelist. If you're a fundable startup, would you take $5M from any VC (even someone as stand-up as AH) with control strings attached or would you rather raise on Angelist and stay in control?

So the real funding opportunity for AH is at the B round, where as Scott says, they will go in hard.

Makes total sense.




That's not why :-).

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