An L/C is a conditional bank undertaking of payment, and refers to banker’s credit.()
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The dot-com collapse may have been a disaster for Wall Street, but here in Silicon Valley, it was a blessing. It was the welcome end to an abnormal condition that very nearly destroyed the area in an overabundance of success. You see, the secret to the Valley's astounding multiple decade boom is failure. Failure is what fuels and renews this place. Failure is the foundation for innovation.
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