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  "documentTitle": "Adapting to Endure Sequoia Capital 2022",
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      "text": "Nasdaq 100 vs. Morgan Stanley Unprofitable Tech Index",
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      "text": "The focus on near-term momentum is often shifting toward companies who can demonstrate current profitability. While the Nasdaq is down, Morgan Stanley’s unprofitable tech index is down 64%. With the cost of capital rising, the market prefers cash today.",
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