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Comment on Loopt acquired by payment card provider for $43.3m in cashparent

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"If the team were worth that much, then they would have made Loopt astoundingly profitable in the last 7 years, and we'd all be using it."

Great teams can attack crappy markets or just get the timing wrong. The leadership team that brought Apple back from the brink was the same team that built NeXT. Next wasn't astoundingly profitable and none of us were using it.

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