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Comment on MobileCoin has raised $30M for private mobile paymentsparent

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potential of early Amazon

Except this is not "early Amazon".

This is someone promising to build a mini-Amazon on AWS.

Again, the initial idea—mini-Amazon or whatever—doesn't (really) matter. It will evolve. It will change. The company may pivot. The valuation reflects the potential of the founder's skills, relentlessness, overall vision, track record, etc.

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