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A batch of the best highlights from what Joerg's read, .

LPs will distinguish between VCs who are relatively newer to investing (emerging VC) and those who have been actively investing for a longer period of time (established VC).

How to Raise a Venture Capital Fund

Winter Mead

What kind of work makes you forget your troubles and focus on the better tomorrow?

Harvard Researchers Prove High Achievers Crave Purpose, Not Passion

entrepreneurshandbook.co

On the other hand, it’s perfectly normal and healthy for, say, General Motors to lend its customers the money they use to buy GM cars. In fact, GM has [a financing arm](https://substack.com/redirect/2e1d9e82-06fb-4d29-b26a-62036032ce17?j=eyJ1Ijoib2JnaCJ9.EHt4OzsJ0JeoEpam25uLaZxct5kGH_GK7e3mFjND1Sc) specifically to do this. This is called [vendor finance](https://substack.com/redirect/0d3f500b-3207-42a8-aa82-a8c88d811919?j=eyJ1Ijoib2JnaCJ9.EHt4OzsJ0JeoEpam25uLaZxct5kGH_GK7e3mFjND1Sc).

Should We Worry About AI's Circular Deals?

Noahpinion

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