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FEB 05, 2013 - Business Insider

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There Is A Simple Reason Investors Just Showered Taxi App Hailo With $30.6 Million

Last year, Union Square Ventures was upset by the performance of some of its portfolio companies. In a post titled "Advice for 2013: Deliver On Your Promises" Fred Wilson said: "I see delays in getting important new product initiatives out," he wrote. "I see revenues coming in well below plan. I see new ankle biter competitors emerging and taking share causing a loss of focus and missed numbers. ….Investors are not giving the benefit of doubt in markets like this. And your employees aren't going to be patient forever either." In that same article, Wilson mentioned one startup that ... Read More

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