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Common threads through 25 years of VC investing

Common threads through 25 years of VC investing

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AI startups fail because founders obsess over models, not company building. Harrison Miller, early Amazon GM and former Summit Partners MD who deployed $40B into 550+ tech companies, explains why execution, not algorithms, determines survival. He breaks down Amazon’s near-collapse and the $60M toy inventory crisis that birthed Marketplace, shares a framework for assessing true unit economics before scale, and details talent evaluation systems that minimize variance and sustain growth in bubble environments.

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