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My guess is that Graham believes Microsoft couldn't/wouldn't provide proper incubation for an inexperienced group. They'd immediately try to impose a "big company" mentality. As a corporation, he is probably right.

Microsoft could fund an investment group that essentially used the company's influence to help startups externally. If that same group shielded a startup from Microsoft's corporate influence internally, I think they could be a powerful incubator, not to mention a phenomenal asset. Unfortunately this will never happen.



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