Startup veterans, for the most part, move on to second careers as angel investors, from which new position they now compete with venture capitalists, often trying to engineer early-exit scenarios at lower multiples, and effectively allying themselves with the big acqui-hiring companies against the traditional VC class.

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Exit polls suggest the centre-left has won a lower house majority, while early count data gave Silvio Berlusconi's centre-right the lead in the Senate.

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Some also came in the form of shorts covering, which is an exit from positions in which they had been betting on lower prices.

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Given this possibility of simple exit from any and all of the European tax systems (and such exit does not require that one stays in the EU either) the theoretical peak of the Laffer Curve is lower in Europe than it is in the US. Where such exit is very much more difficult.

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"Had there been at least one emergency exit through outside the factory, the casualties would have been much lower, " he said.

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As the OBR noted last year, it is also possible that a Greek exit would push down the UK government's cost of borrowing even lower, due to safe haven flows into sterling.

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We want to lower the transaction costs, find new ways of establishing credit history and create opportunities for exit rounds.

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