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Rarely, yes, but there are some. I also think you could say "new startups rarely have pedigreed founders". Like any business class, most new entrants try and fail.

I like a long tail, because it means there's a better correlation of profit and skill in being able to (sometimes) predict a company's future. When everything is a bit safer across the board, you can't convert wisdom into money at quite the same rate.



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