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before the company's cash flow positive for an early stage company but it'll be repaid with cheaper capital and so when the math has done it's much more
attractive even if you have access to funds as venture funds do these days it diversifies the risk and it leads to better outcomes now for later stage
George it's different when we invest in a later stage company they may be at or near profitability and there they can repay us through profits in the company
Listen to native speakers pronounce “diversifies” in real conversational contexts with synchronized timestamps and subtitles.