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In the same vein, because not as many entrepreneurs in Los Angeles worked at companies like Google or Facebook, a lot of them have not really gotten the training they need to properly communicate requirements, run a scrum, or conduct A/B testing. The top tier funds see almost all of the best deals.
However, valuing the intangibles of time saving, expertise, network, etc. Making good (development) investments requires all the dealflow generation and evaluation work of a professional investor; the alternative is poor selection. Finally, a developer-investor must be prepared to remain “live equity.”
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