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Interview: Venture Capitalists On Pitching

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Defensibility is also big--we're not interested in the me-too's without some unique IP. At GRP, we don't care about patents--they're nice to have, but not required--but we're looking for defensible IP in an area with an interesting, and big, idea. We saw a continuation of 2006 and 2007, where there were too many "me-too" players.