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Larry Cheng focuses on investment opportunities in Internet applications, information services and software. He prefers capital efficient businesses with $2M- $20M in subscript...
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Posted: Monday 16 November 2009
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One of my partners led an impromptu game in our team meeting today which illustrates the emotional tension of cutting your losses. For any investor or operator who takes risk with capital, the concept of cutting your losses comes into play at some point.
The simulated game started had these ground rules:
Everyone would have the chance [...]
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