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Keith Rabois says winter is coming for wasteful startups

Vjeran Pavic for Re/code

Khosla Ventures investment partner Keith Rabois talks with Kara Swisher about the entrepreneurial lessons he learned from jobs at PayPal, LinkedIn, Slide, Google and Square. Now a venture capitalist, he discusses why investors who once feared missing the next Uber are now rejecting startups with high burn rates.

This article originally appeared on Recode.net.