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From the authors linkedin:

    Managing Director and Co-Founder
    Garage Technology Ventures

    Harvard University
    AB, History of Science

    Stanford University Graduate School of Business
    MBA, Finance, Economics, Public Management
He seem's to have a sufficient background to support such an analysis.

https://www.linkedin.com/in/billreichert




Then I'm guessing it's more a matter of his readership's level of finance knowledge. Seems like he's dumbing it down for TC.




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