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Seed funds should accept a small fraud rate to maximize bets | Tech Twitter

Seed funds should accept a small fraud rate to maximize bets

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Sam Lessin says if there’s zero fraud in your seed portfolio, you’re not taking enough swings. His fund runs about a 1% “oops, it was fraud” rate, and he’s fine with it. Healthy risk or excuse for lazy diligence? @lessin @Jason

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