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Actually if you're a VC and entrepreneurs are emailing you with information about their traction, you've just reduced your search costs and increased opportunity. All you have to do is then filter those applications, which can easily be done by human or software.

Its like running Harvard. Yes, under-qualified students will apply and try to get in, and so you'll have to spend time filtering them out. But if you have so much demand and more students have made themselves accessible, then on average, you will have a better selection of applicants to choose from. At least that's one way of seeing it.



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