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A venture firm gets rewarded for selling at the market top


It used to be that venture capitalists couldn’t sell their stake in a portfolio company before it sold or went public without raising questions about the outfit’s prospects. As startups began staying private longer, VCs and management teams grew more comfortable with selling some of their holdings to new investors, but many VCs are likely right now wishing they’d sold even more over the last year or so.
One firm that’s happy it pulled the trigger on two of its own deals is YL Ventures, a now 15-year-old, U.S.-Israeli venture firm that specializes in seed-stage cybersecurity investments and that just closed its newest and biggest fund to date with $400 million in capita …

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