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      "text": "© 2007 George Lipper. All rights reserved.",
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      "text": "In summary, then, based on available data, evaluations of small, high-growth opportunities ought to focus more on the quality of the management and less on the amount of the valuations.",
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      "text": "For follow-on and later stage investing, the range of valuations is much wider and the number and complexity of valuation equations much greater, especially when considering the precipitous fall pictured from the end of the bubble in 2001.",
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      "text": "businesses. The exact amount matters very little to the entrepreneur or the investor as long as the valuation is in the $2 million range and the entrepreneur has the management capability to grow the company.",
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      "text": "Is Valuation a Key Issue in Funding Startups? (continued)",
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