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Meanwhile, even after *sixty* Coinbase employees decided they’d rather take a buyout than work for a company with such insensitive policies, the praise continued for Armstrong, who got to keep his job. Yet, many said this wasn’t enough. I’m not defending Audrey’s actions as a CEO. It makes me want to quit venture capital entirely.
From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passiveinvestor in the market earned 16% per annum. Private credit provided 65% of loans for the leveraged buyout (LBO) market in 2021 and 86% for the market as of year to date 2023.
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