id	sid	tid	token	lemma	pos
cblr-10941	1	1	microsoft	microsoft	PROPN
cblr-10941	1	2	word	word	NOUN
cblr-10941	1	3	wansleydone.docx	wansleydone.docx	ADJ
cblr-10941	1	4	moonshots	moonshot	NOUN
cblr-10941	1	5	matthew	matthew	PROPN
cblr-10941	1	6	t.	t.	PROPN
cblr-10941	1	7	wansley	wansley	PROPN
cblr-10941	1	8	*	*	PUNCT
cblr-10941	1	9	in	in	ADP
cblr-10941	1	10	the	the	DET
cblr-10941	1	11	last	last	ADJ
cblr-10941	1	12	half	half	ADJ
cblr-10941	1	13	-	-	PUNCT
cblr-10941	1	14	century	century	NOUN
cblr-10941	1	15	,	,	PUNCT
cblr-10941	1	16	technological	technological	ADJ
cblr-10941	1	17	progress	progress	NOUN
cblr-10941	1	18	has	have	AUX
cblr-10941	1	19	stagnated	stagnate	VERB
cblr-10941	1	20	.	.	PUNCT
cblr-10941	2	1	rapid	rapid	ADJ
cblr-10941	2	2	advances	advance	NOUN
cblr-10941	2	3	in	in	ADP
cblr-10941	2	4	information	information	NOUN
cblr-10941	2	5	technology	technology	NOUN
cblr-10941	2	6	disguise	disguise	VERB
cblr-10941	2	7	the	the	DET
cblr-10941	2	8	slow	slow	ADJ
cblr-10941	2	9	pace	pace	NOUN
cblr-10941	2	10	of	of	ADP
cblr-10941	2	11	productivity	productivity	NOUN
cblr-10941	2	12	growth	growth	NOUN
cblr-10941	2	13	in	in	ADP
cblr-10941	2	14	other	other	ADJ
cblr-10941	2	15	fields	field	NOUN
cblr-10941	2	16	.	.	PUNCT
cblr-10941	3	1	reigniting	reignite	VERB
cblr-10941	3	2	technological	technological	ADJ
cblr-10941	3	3	progress	progress	NOUN
cblr-10941	3	4	may	may	AUX
cblr-10941	3	5	require	require	VERB
cblr-10941	3	6	firms	firm	NOUN
cblr-10941	3	7	to	to	PART
cblr-10941	3	8	invest	invest	VERB
cblr-10941	3	9	in	in	ADP
cblr-10941	3	10	moonshots	moonshot	NOUN
cblr-10941	3	11	—	—	PUNCT
cblr-10941	3	12	long	long	ADJ
cblr-10941	3	13	-	-	PUNCT
cblr-10941	3	14	term	term	NOUN
cblr-10941	3	15	projects	project	NOUN
cblr-10941	3	16	to	to	PART
cblr-10941	3	17	commercialize	commercialize	VERB
cblr-10941	3	18	innovations	innovation	NOUN
cblr-10941	3	19	.	.	PUNCT
cblr-10941	4	1	yet	yet	ADV
cblr-10941	4	2	all	all	DET
cblr-10941	4	3	but	but	SCONJ
cblr-10941	4	4	a	a	DET
cblr-10941	4	5	few	few	ADJ
cblr-10941	4	6	giant	giant	ADJ
cblr-10941	4	7	tech	tech	NOUN
cblr-10941	4	8	firms	firm	NOUN
cblr-10941	4	9	shy	shy	VERB
cblr-10941	4	10	away	away	ADV
cblr-10941	4	11	from	from	ADP
cblr-10941	4	12	moonshots	moonshot	NOUN
cblr-10941	4	13	,	,	PUNCT
cblr-10941	4	14	even	even	ADV
cblr-10941	4	15	when	when	SCONJ
cblr-10941	4	16	the	the	DET
cblr-10941	4	17	expected	expect	VERB
cblr-10941	4	18	returns	return	NOUN
cblr-10941	4	19	would	would	AUX
cblr-10941	4	20	justify	justify	VERB
cblr-10941	4	21	the	the	DET
cblr-10941	4	22	investment	investment	NOUN
cblr-10941	4	23	.	.	PUNCT
cblr-10941	5	1	the	the	DET
cblr-10941	5	2	root	root	NOUN
cblr-10941	5	3	of	of	ADP
cblr-10941	5	4	the	the	DET
cblr-10941	5	5	problem	problem	NOUN
cblr-10941	5	6	is	be	AUX
cblr-10941	5	7	corporate	corporate	ADJ
cblr-10941	5	8	structure	structure	NOUN
cblr-10941	5	9	.	.	PUNCT
cblr-10941	6	1	the	the	DET
cblr-10941	6	2	process	process	NOUN
cblr-10941	6	3	of	of	ADP
cblr-10941	6	4	developing	develop	VERB
cblr-10941	6	5	a	a	DET
cblr-10941	6	6	novel	novel	ADJ
cblr-10941	6	7	technology	technology	NOUN
cblr-10941	6	8	does	do	AUX
cblr-10941	6	9	not	not	PART
cblr-10941	6	10	generate	generate	VERB
cblr-10941	6	11	the	the	DET
cblr-10941	6	12	kind	kind	NOUN
cblr-10941	6	13	of	of	ADP
cblr-10941	6	14	interim	interim	ADJ
cblr-10941	6	15	feedback	feedback	NOUN
cblr-10941	6	16	that	that	PRON
cblr-10941	6	17	shareholders	shareholder	NOUN
cblr-10941	6	18	need	need	VERB
cblr-10941	6	19	to	to	PART
cblr-10941	6	20	monitor	monitor	VERB
cblr-10941	6	21	managers	manager	NOUN
cblr-10941	6	22	and	and	CCONJ
cblr-10941	6	23	managers	manager	NOUN
cblr-10941	6	24	need	need	VERB
cblr-10941	6	25	to	to	PART
cblr-10941	6	26	motivate	motivate	VERB
cblr-10941	6	27	employees	employee	NOUN
cblr-10941	6	28	.	.	PUNCT
cblr-10941	7	1	managers	manager	NOUN
cblr-10941	7	2	who	who	PRON
cblr-10941	7	3	anticipate	anticipate	VERB
cblr-10941	7	4	these	these	DET
cblr-10941	7	5	agency	agency	NOUN
cblr-10941	7	6	problems	problem	NOUN
cblr-10941	7	7	invest	invest	VERB
cblr-10941	7	8	in	in	ADP
cblr-10941	7	9	incremental	incremental	ADJ
cblr-10941	7	10	innovations	innovation	NOUN
cblr-10941	7	11	instead	instead	ADV
cblr-10941	7	12	.	.	PUNCT
cblr-10941	8	1	in	in	ADP
cblr-10941	8	2	the	the	DET
cblr-10941	8	3	last	last	ADJ
cblr-10941	8	4	few	few	ADJ
cblr-10941	8	5	years	year	NOUN
cblr-10941	8	6	,	,	PUNCT
cblr-10941	8	7	a	a	DET
cblr-10941	8	8	new	new	ADJ
cblr-10941	8	9	structure	structure	NOUN
cblr-10941	8	10	designed	design	VERB
cblr-10941	8	11	to	to	PART
cblr-10941	8	12	commercialize	commercialize	VERB
cblr-10941	8	13	long	long	ADJ
cblr-10941	8	14	-	-	PUNCT
cblr-10941	8	15	term	term	NOUN
cblr-10941	8	16	innovations	innovation	NOUN
cblr-10941	8	17	has	have	AUX
cblr-10941	8	18	emerged	emerge	VERB
cblr-10941	8	19	—	—	PUNCT
cblr-10941	8	20	the	the	DET
cblr-10941	8	21	venture	venture	NOUN
cblr-10941	8	22	carveout	carveout	NOUN
cblr-10941	8	23	.	.	PUNCT
cblr-10941	9	1	a	a	DET
cblr-10941	9	2	venture	venture	NOUN
cblr-10941	9	3	carveout	carveout	NOUN
cblr-10941	9	4	is	be	AUX
cblr-10941	9	5	a	a	DET
cblr-10941	9	6	private	private	ADJ
cblr-10941	9	7	company	company	NOUN
cblr-10941	9	8	with	with	ADP
cblr-10941	9	9	one	one	NUM
cblr-10941	9	10	or	or	CCONJ
cblr-10941	9	11	two	two	NUM
cblr-10941	9	12	public	public	ADJ
cblr-10941	9	13	company	company	NOUN
cblr-10941	9	14	parents	parent	NOUN
cblr-10941	9	15	,	,	PUNCT
cblr-10941	9	16	outside	outside	ADP
cblr-10941	9	17	private	private	ADJ
cblr-10941	9	18	investors	investor	NOUN
cblr-10941	9	19	,	,	PUNCT
cblr-10941	9	20	and	and	CCONJ
cblr-10941	9	21	employee	employee	NOUN
cblr-10941	9	22	ownership	ownership	NOUN
cblr-10941	9	23	.	.	PUNCT
cblr-10941	10	1	the	the	DET
cblr-10941	10	2	parents	parent	NOUN
cblr-10941	10	3	provide	provide	VERB
cblr-10941	10	4	intellectual	intellectual	ADJ
cblr-10941	10	5	property	property	NOUN
cblr-10941	10	6	and	and	CCONJ
cblr-10941	10	7	a	a	DET
cblr-10941	10	8	long	long	ADJ
cblr-10941	10	9	-	-	PUNCT
cblr-10941	10	10	term	term	NOUN
cblr-10941	10	11	strategic	strategic	ADJ
cblr-10941	10	12	commitment	commitment	NOUN
cblr-10941	10	13	.	.	PUNCT
cblr-10941	11	1	the	the	DET
cblr-10941	11	2	private	private	ADJ
cblr-10941	11	3	investors	investor	NOUN
cblr-10941	11	4	supply	supply	VERB
cblr-10941	11	5	patient	patient	ADJ
cblr-10941	11	6	capital	capital	NOUN
cblr-10941	11	7	that	that	PRON
cblr-10941	11	8	insulates	insulate	VERB
cblr-10941	11	9	the	the	DET
cblr-10941	11	10	project	project	NOUN
cblr-10941	11	11	from	from	ADP
cblr-10941	11	12	short	short	ADJ
cblr-10941	11	13	-	-	PUNCT
cblr-10941	11	14	term	term	NOUN
cblr-10941	11	15	shareholder	shareholder	NOUN
cblr-10941	11	16	pressure	pressure	NOUN
cblr-10941	11	17	.	.	PUNCT
cblr-10941	12	1	the	the	DET
cblr-10941	12	2	employees	employee	NOUN
cblr-10941	12	3	’	'	PUNCT
cblr-10941	12	4	equity	equity	NOUN
cblr-10941	12	5	motivates	motivate	VERB
cblr-10941	12	6	them	they	PRON
cblr-10941	12	7	to	to	PART
cblr-10941	12	8	bring	bring	VERB
cblr-10941	12	9	a	a	DET
cblr-10941	12	10	product	product	NOUN
cblr-10941	12	11	to	to	ADP
cblr-10941	12	12	market	market	NOUN
cblr-10941	12	13	.	.	PUNCT
cblr-10941	13	1	the	the	DET
cblr-10941	13	2	first	first	ADJ
cblr-10941	13	3	venture	venture	NOUN
cblr-10941	13	4	carveouts	carveout	NOUN
cblr-10941	13	5	are	be	AUX
cblr-10941	13	6	attempting	attempt	VERB
cblr-10941	13	7	to	to	PART
cblr-10941	13	8	commercialize	commercialize	VERB
cblr-10941	13	9	autonomous	autonomous	ADJ
cblr-10941	13	10	vehicles	vehicle	NOUN
cblr-10941	13	11	.	.	PUNCT
cblr-10941	14	1	if	if	SCONJ
cblr-10941	14	2	they	they	PRON
cblr-10941	14	3	succeed	succeed	VERB
cblr-10941	14	4	,	,	PUNCT
cblr-10941	14	5	they	they	PRON
cblr-10941	14	6	will	will	AUX
cblr-10941	14	7	validate	validate	VERB
cblr-10941	14	8	a	a	DET
cblr-10941	14	9	new	new	ADJ
cblr-10941	14	10	model	model	NOUN
cblr-10941	14	11	for	for	ADP
cblr-10941	14	12	innovation	innovation	NOUN
cblr-10941	14	13	.	.	PUNCT
cblr-10941	15	1	this	this	DET
cblr-10941	15	2	article	article	NOUN
cblr-10941	15	3	argues	argue	VERB
cblr-10941	15	4	that	that	SCONJ
cblr-10941	15	5	venture	venture	NOUN
cblr-10941	15	6	carveouts	carveout	NOUN
cblr-10941	15	7	could	could	AUX
cblr-10941	15	8	*	*	PUNCT
cblr-10941	15	9	assistant	assistant	NOUN
cblr-10941	15	10	professor	professor	NOUN
cblr-10941	15	11	of	of	ADP
cblr-10941	15	12	law	law	NOUN
cblr-10941	15	13	,	,	PUNCT
cblr-10941	15	14	cardozo	cardozo	PROPN
cblr-10941	15	15	school	school	PROPN
cblr-10941	15	16	of	of	ADP
cblr-10941	15	17	law	law	NOUN
cblr-10941	15	18	.	.	PUNCT
cblr-10941	16	1	general	general	ADJ
cblr-10941	16	2	counsel	counsel	PROPN
cblr-10941	16	3	,	,	PUNCT
cblr-10941	16	4	nutonomy	nutonomy	PROPN
cblr-10941	16	5	inc	inc	PROPN
cblr-10941	16	6	.	.	PROPN
cblr-10941	16	7	,	,	PUNCT
cblr-10941	16	8	2016–2019	2016–2019	NUM
cblr-10941	16	9	.	.	PUNCT
cblr-10941	17	1	i	i	PRON
cblr-10941	17	2	thank	thank	VERB
cblr-10941	17	3	margaret	margaret	PROPN
cblr-10941	17	4	blair	blair	PROPN
cblr-10941	17	5	,	,	PUNCT
cblr-10941	17	6	brian	brian	PROPN
cblr-10941	17	7	broughman	broughman	PROPN
cblr-10941	17	8	,	,	PUNCT
cblr-10941	17	9	abe	abe	PROPN
cblr-10941	17	10	cable	cable	PROPN
cblr-10941	17	11	,	,	PUNCT
cblr-10941	17	12	dan	dan	PROPN
cblr-10941	17	13	epps	epps	PROPN
cblr-10941	17	14	,	,	PUNCT
cblr-10941	17	15	jesse	jesse	PROPN
cblr-10941	17	16	fried	fried	PROPN
cblr-10941	17	17	,	,	PUNCT
cblr-10941	17	18	darian	darian	PROPN
cblr-10941	17	19	ibrahim	ibrahim	PROPN
cblr-10941	17	20	,	,	PUNCT
cblr-10941	17	21	mark	mark	PROPN
cblr-10941	17	22	lemley	lemley	PROPN
cblr-10941	17	23	,	,	PUNCT
cblr-10941	17	24	alex	alex	PROPN
cblr-10941	17	25	platt	platt	PROPN
cblr-10941	17	26	,	,	PUNCT
cblr-10941	17	27	elizabeth	elizabeth	PROPN
cblr-10941	17	28	pollman	pollman	PROPN
cblr-10941	17	29	,	,	PUNCT
cblr-10941	17	30	sarath	sarath	PROPN
cblr-10941	17	31	sanga	sanga	PROPN
cblr-10941	17	32	,	,	PUNCT
cblr-10941	17	33	stew	stew	NOUN
cblr-10941	17	34	sterk	sterk	PROPN
cblr-10941	17	35	,	,	PUNCT
cblr-10941	17	36	sam	sam	PROPN
cblr-10941	17	37	weinstein	weinstein	PROPN
cblr-10941	17	38	,	,	PUNCT
cblr-10941	17	39	chuck	chuck	PROPN
cblr-10941	17	40	yablon	yablon	PROPN
cblr-10941	17	41	,	,	PUNCT
cblr-10941	17	42	and	and	CCONJ
cblr-10941	17	43	participants	participant	NOUN
cblr-10941	17	44	at	at	ADP
cblr-10941	17	45	the	the	DET
cblr-10941	17	46	university	university	PROPN
cblr-10941	17	47	of	of	ADP
cblr-10941	17	48	michigan	michigan	PROPN
cblr-10941	17	49	junior	junior	PROPN
cblr-10941	17	50	scholars	scholars	PROPN
cblr-10941	17	51	conference	conference	PROPN
cblr-10941	17	52	,	,	PUNCT
cblr-10941	17	53	the	the	DET
cblr-10941	17	54	university	university	NOUN
cblr-10941	17	55	of	of	ADP
cblr-10941	17	56	richmond	richmond	PROPN
cblr-10941	17	57	junior	junior	PROPN
cblr-10941	17	58	faculty	faculty	PROPN
cblr-10941	17	59	forum	forum	PROPN
cblr-10941	17	60	,	,	PUNCT
cblr-10941	17	61	the	the	DET
cblr-10941	17	62	vanderbilt	vanderbilt	PROPN
cblr-10941	17	63	law	law	PROPN
cblr-10941	17	64	&	&	CCONJ
cblr-10941	17	65	business	business	NOUN
cblr-10941	17	66	seminar	seminar	NOUN
cblr-10941	17	67	,	,	PUNCT
cblr-10941	17	68	and	and	CCONJ
cblr-10941	17	69	faculty	faculty	NOUN
cblr-10941	17	70	workshops	workshop	NOUN
cblr-10941	17	71	at	at	ADP
cblr-10941	17	72	cardozo	cardozo	PROPN
cblr-10941	17	73	and	and	CCONJ
cblr-10941	17	74	marquette	marquette	PROPN
cblr-10941	17	75	for	for	ADP
cblr-10941	17	76	comments	comment	NOUN
cblr-10941	17	77	.	.	PUNCT
cblr-10941	18	1	i	i	PRON
cblr-10941	18	2	thank	thank	VERB
cblr-10941	18	3	evan	evan	PROPN
cblr-10941	18	4	caltavuturo	caltavuturo	PROPN
cblr-10941	18	5	,	,	PUNCT
cblr-10941	18	6	lauren	lauren	PROPN
cblr-10941	18	7	chamberlin	chamberlin	PROPN
cblr-10941	18	8	,	,	PUNCT
cblr-10941	18	9	and	and	CCONJ
cblr-10941	18	10	brian	brian	PROPN
cblr-10941	18	11	wohlhieter	wohlhieter	PROPN
cblr-10941	18	12	for	for	ADP
cblr-10941	18	13	excellent	excellent	ADJ
cblr-10941	18	14	research	research	NOUN
cblr-10941	18	15	assistance	assistance	NOUN
cblr-10941	18	16	.	.	PUNCT
cblr-10941	19	1	i	i	PRON
cblr-10941	19	2	thank	thank	VERB
cblr-10941	19	3	the	the	DET
cblr-10941	19	4	editors	editor	NOUN
cblr-10941	19	5	of	of	ADP
cblr-10941	19	6	the	the	DET
cblr-10941	19	7	columbia	columbia	PROPN
cblr-10941	19	8	business	business	PROPN
cblr-10941	19	9	law	law	PROPN
cblr-10941	19	10	review	review	NOUN
cblr-10941	19	11	for	for	ADP
cblr-10941	19	12	their	their	PRON
cblr-10941	19	13	meticulous	meticulous	ADJ
cblr-10941	19	14	editing	editing	NOUN
cblr-10941	19	15	.	.	PUNCT
cblr-10941	20	1	860	860	NUM
cblr-10941	20	2	columbia	columbia	PROPN
cblr-10941	20	3	business	business	NOUN
cblr-10941	20	4	law	law	PROPN
cblr-10941	20	5	review	review	NOUN
cblr-10941	20	6	[	[	X
cblr-10941	20	7	vol	vol	NOUN
cblr-10941	20	8	.	.	PUNCT
cblr-10941	20	9	2022	2022	NUM
cblr-10941	20	10	enable	enable	VERB
cblr-10941	20	11	more	more	ADJ
cblr-10941	20	12	companies	company	NOUN
cblr-10941	20	13	to	to	PART
cblr-10941	20	14	invest	invest	VERB
cblr-10941	20	15	in	in	ADP
cblr-10941	20	16	moonshots	moonshot	NOUN
cblr-10941	20	17	,	,	PUNCT
cblr-10941	20	18	compete	compete	VERB
cblr-10941	20	19	with	with	ADP
cblr-10941	20	20	the	the	DET
cblr-10941	20	21	tech	tech	NOUN
cblr-10941	20	22	giants	giant	NOUN
cblr-10941	20	23	that	that	PRON
cblr-10941	20	24	dominate	dominate	VERB
cblr-10941	20	25	our	our	PRON
cblr-10941	20	26	economy	economy	NOUN
cblr-10941	20	27	,	,	PUNCT
cblr-10941	20	28	and	and	CCONJ
cblr-10941	20	29	accelerate	accelerate	VERB
cblr-10941	20	30	technological	technological	ADJ
cblr-10941	20	31	progress	progress	NOUN
cblr-10941	20	32	.	.	PUNCT
cblr-10941	21	1	i.	i.	NOUN
cblr-10941	21	2	introduction	introduction	NOUN
cblr-10941	21	3	.......................................................................	.......................................................................	PUNCT
cblr-10941	22	1	860	860	NUM
cblr-10941	22	2	ii	ii	NOUN
cblr-10941	22	3	.	.	PUNCT
cblr-10941	23	1	the	the	DET
cblr-10941	23	2	moonshot	moonshot	PROPN
cblr-10941	23	3	problem	problem	NOUN
cblr-10941	23	4	...................................................	...................................................	PUNCT
cblr-10941	23	5	871	871	NUM
cblr-10941	23	6	a.	a.	NOUN
cblr-10941	23	7	the	the	DET
cblr-10941	23	8	short	short	ADJ
cblr-10941	23	9	-	-	PUNCT
cblr-10941	23	10	termism	termism	NOUN
cblr-10941	23	11	debate	debate	NOUN
cblr-10941	23	12	...................................	...................................	PUNCT
cblr-10941	23	13	871	871	NUM
cblr-10941	23	14	b.	b.	NOUN
cblr-10941	24	1	the	the	DET
cblr-10941	24	2	monitoring	monitoring	NOUN
cblr-10941	24	3	problem	problem	NOUN
cblr-10941	24	4	........................................	........................................	PUNCT
cblr-10941	25	1	874	874	NUM
cblr-10941	25	2	c.	c.	NOUN
cblr-10941	25	3	the	the	DET
cblr-10941	25	4	motivation	motivation	NOUN
cblr-10941	25	5	problem	problem	NOUN
cblr-10941	25	6	........................................	........................................	PUNCT
cblr-10941	25	7	878	878	NUM
cblr-10941	25	8	iii	iii	NOUN
cblr-10941	25	9	.	.	PUNCT
cblr-10941	25	10	structure	structure	NOUN
cblr-10941	25	11	and	and	CCONJ
cblr-10941	25	12	technology	technology	NOUN
cblr-10941	25	13	.............................................	.............................................	PUNCT
cblr-10941	25	14	883	883	NUM
cblr-10941	25	15	a.	a.	NOUN
cblr-10941	25	16	venture	venture	NOUN
cblr-10941	25	17	-	-	PUNCT
cblr-10941	25	18	backed	back	VERB
cblr-10941	25	19	startups	startup	NOUN
cblr-10941	25	20	......................................	......................................	PUNCT
cblr-10941	25	21	884	884	NUM
cblr-10941	25	22	b.	b.	PROPN
cblr-10941	25	23	asset	asset	NOUN
cblr-10941	25	24	partitioning	partition	VERB
cblr-10941	25	25	..................................................	..................................................	PUNCT
cblr-10941	25	26	891	891	NUM
cblr-10941	25	27	c.	c.	NOUN
cblr-10941	25	28	innovation	innovation	NOUN
cblr-10941	25	29	subsidiaries	subsidiary	NOUN
cblr-10941	25	30	.........................................	.........................................	PUNCT
cblr-10941	25	31	895	895	NUM
cblr-10941	25	32	iv	iv	NOUN
cblr-10941	25	33	.	.	PUNCT
cblr-10941	26	1	venture	venture	NOUN
cblr-10941	26	2	carveouts	carveout	NOUN
cblr-10941	26	3	.........................................................	.........................................................	PUNCT
cblr-10941	26	4	898	898	NUM
cblr-10941	26	5	a.	a.	NOUN
cblr-10941	26	6	history	history	NOUN
cblr-10941	26	7	....................................................................	....................................................................	PUNCT
cblr-10941	27	1	899	899	NUM
cblr-10941	27	2	b.	b.	NOUN
cblr-10941	27	3	anatomy	anatomy	NOUN
cblr-10941	27	4	.................................................................	.................................................................	PUNCT
cblr-10941	27	5	914	914	NUM
cblr-10941	27	6	c.	c.	NOUN
cblr-10941	27	7	foreseeable	foreseeable	ADJ
cblr-10941	27	8	risks	risk	NOUN
cblr-10941	27	9	...................................................	...................................................	PUNCT
cblr-10941	27	10	921	921	NUM
cblr-10941	27	11	v.	v.	ADP
cblr-10941	27	12	a	a	DET
cblr-10941	27	13	new	new	ADJ
cblr-10941	27	14	model	model	NOUN
cblr-10941	27	15	for	for	ADP
cblr-10941	27	16	innovation	innovation	NOUN
cblr-10941	27	17	...........................................	...........................................	PUNCT
cblr-10941	27	18	928	928	NUM
cblr-10941	27	19	a.	a.	NOUN
cblr-10941	27	20	which	which	PRON
cblr-10941	27	21	companies	company	NOUN
cblr-10941	27	22	?	?	PUNCT
cblr-10941	27	23	.................................................	.................................................	PUNCT
cblr-10941	28	1	928	928	NUM
cblr-10941	28	2	b.	b.	NOUN
cblr-10941	28	3	which	which	PRON
cblr-10941	28	4	technologies	technologie	VERB
cblr-10941	28	5	?	?	PUNCT
cblr-10941	28	6	..............................................	..............................................	PUNCT
cblr-10941	29	1	934	934	NUM
cblr-10941	29	2	c.	c.	NOUN
cblr-10941	29	3	why	why	SCONJ
cblr-10941	29	4	now	now	ADV
cblr-10941	29	5	?	?	PUNCT
cblr-10941	30	1	...............................................................	...............................................................	PUNCT
cblr-10941	31	1	937	937	NUM
cblr-10941	31	2	vi	vi	NOUN
cblr-10941	31	3	.	.	PUNCT
cblr-10941	31	4	conclusion	conclusion	NOUN
cblr-10941	31	5	.......................................................................	.......................................................................	PUNCT
cblr-10941	31	6	941	941	NUM
cblr-10941	31	7	i.	i.	NOUN
cblr-10941	31	8	introduction	introduction	NOUN
cblr-10941	31	9	in	in	ADP
cblr-10941	31	10	the	the	DET
cblr-10941	31	11	last	last	ADJ
cblr-10941	31	12	half	half	ADJ
cblr-10941	31	13	-	-	PUNCT
cblr-10941	31	14	century	century	NOUN
cblr-10941	31	15	,	,	PUNCT
cblr-10941	31	16	technological	technological	ADJ
cblr-10941	31	17	progress	progress	NOUN
cblr-10941	31	18	has	have	AUX
cblr-10941	31	19	stagnated.1	stagnated.1	NOUN
cblr-10941	31	20	the	the	DET
cblr-10941	31	21	century	century	NOUN
cblr-10941	31	22	from	from	ADP
cblr-10941	31	23	1870	1870	NUM
cblr-10941	31	24	to	to	ADP
cblr-10941	31	25	1970	1970	NUM
cblr-10941	31	26	brought	bring	VERB
cblr-10941	31	27	electricity	electricity	NOUN
cblr-10941	31	28	,	,	PUNCT
cblr-10941	31	29	running	run	VERB
cblr-10941	31	30	water	water	NOUN
cblr-10941	31	31	,	,	PUNCT
cblr-10941	31	32	indoor	indoor	ADJ
cblr-10941	31	33	plumbing	plumbing	NOUN
cblr-10941	31	34	,	,	PUNCT
cblr-10941	31	35	central	central	ADJ
cblr-10941	31	36	heating	heating	NOUN
cblr-10941	31	37	,	,	PUNCT
cblr-10941	31	38	refrigeration	refrigeration	NOUN
cblr-10941	31	39	,	,	PUNCT
cblr-10941	31	40	anesthetics	anesthetic	NOUN
cblr-10941	31	41	,	,	PUNCT
cblr-10941	31	42	antibiotics	antibiotic	NOUN
cblr-10941	31	43	,	,	PUNCT
cblr-10941	31	44	telephones	telephone	NOUN
cblr-10941	31	45	,	,	PUNCT
cblr-10941	31	46	television	television	NOUN
cblr-10941	31	47	,	,	PUNCT
cblr-10941	31	48	automobiles	automobile	NOUN
cblr-10941	31	49	,	,	PUNCT
cblr-10941	31	50	and	and	CCONJ
cblr-10941	31	51	airplanes.2	airplanes.2	PROPN
cblr-10941	31	52	life	life	NOUN
cblr-10941	31	53	expectancy	expectancy	NOUN
cblr-10941	31	54	at	at	ADP
cblr-10941	31	55	birth	birth	NOUN
cblr-10941	31	56	rose	rise	VERB
cblr-10941	31	57	from	from	ADP
cblr-10941	31	58	forty	forty	NUM
cblr-10941	31	59	-	-	PUNCT
cblr-10941	31	60	five	five	NUM
cblr-10941	31	61	to	to	PART
cblr-10941	31	62	seventy	seventy	NUM
cblr-10941	31	63	-	-	PUNCT
cblr-10941	31	64	two.3	two.3	NOUN
cblr-10941	31	65	but	but	CCONJ
cblr-10941	31	66	since	since	SCONJ
cblr-10941	31	67	the	the	DET
cblr-10941	31	68	early	early	ADJ
cblr-10941	31	69	1970s	1970	NOUN
cblr-10941	31	70	,	,	PUNCT
cblr-10941	31	71	progress	progress	NOUN
cblr-10941	31	72	has	have	AUX
cblr-10941	31	73	been	be	AUX
cblr-10941	31	74	incremental.4	incremental.4	ADJ
cblr-10941	31	75	paul	paul	PROPN
cblr-10941	31	76	krugman	krugman	PROPN
cblr-10941	31	77	illustrates	illustrate	VERB
cblr-10941	31	78	the	the	DET
cblr-10941	31	79	1	1	NUM
cblr-10941	31	80	see	see	VERB
cblr-10941	31	81	robert	robert	PROPN
cblr-10941	31	82	j.	j.	PROPN
cblr-10941	31	83	gordon	gordon	PROPN
cblr-10941	31	84	,	,	PUNCT
cblr-10941	31	85	the	the	DET
cblr-10941	31	86	rise	rise	NOUN
cblr-10941	31	87	and	and	CCONJ
cblr-10941	31	88	fall	fall	NOUN
cblr-10941	31	89	of	of	ADP
cblr-10941	31	90	american	american	ADJ
cblr-10941	31	91	growth	growth	NOUN
cblr-10941	31	92	16	16	NUM
cblr-10941	31	93	(	(	PUNCT
cblr-10941	31	94	2016	2016	NUM
cblr-10941	31	95	)	)	PUNCT
cblr-10941	31	96	(	(	PUNCT
cblr-10941	31	97	showing	show	VERB
cblr-10941	31	98	the	the	DET
cblr-10941	31	99	decline	decline	NOUN
cblr-10941	31	100	in	in	ADP
cblr-10941	31	101	productivity	productivity	NOUN
cblr-10941	31	102	growth	growth	NOUN
cblr-10941	31	103	from	from	ADP
cblr-10941	31	104	1970–2014	1970–2014	NUM
cblr-10941	31	105	)	)	PUNCT
cblr-10941	31	106	.	.	PUNCT
cblr-10941	32	1	2	2	NUM
cblr-10941	32	2	see	see	VERB
cblr-10941	32	3	i	i	PRON
cblr-10941	32	4	d.	d.	PROPN
cblr-10941	32	5	at	at	ADP
cblr-10941	32	6	3–6	3–6	PROPN
cblr-10941	32	7	(	(	PUNCT
cblr-10941	32	8	reviewing	review	VERB
cblr-10941	32	9	technological	technological	ADJ
cblr-10941	32	10	progress	progress	NOUN
cblr-10941	32	11	between	between	ADP
cblr-10941	32	12	1870–1970	1870–1970	NUM
cblr-10941	32	13	)	)	PUNCT
cblr-10941	32	14	.	.	PUNCT
cblr-10941	33	1	3	3	NUM
cblr-10941	34	1	i	i	PRON
cblr-10941	34	2	d.	d.	PROPN
cblr-10941	34	3	at	at	ADP
cblr-10941	34	4	1	1	NUM
cblr-10941	34	5	.	.	NUM
cblr-10941	34	6	4	4	NUM
cblr-10941	34	7	see	see	VERB
cblr-10941	34	8	i	i	PRON
cblr-10941	34	9	d.	d.	PROPN
cblr-10941	34	10	at	at	ADP
cblr-10941	34	11	523–26	523–26	NOUN
cblr-10941	34	12	(	(	PUNCT
cblr-10941	34	13	reviewing	review	VERB
cblr-10941	34	14	technological	technological	ADJ
cblr-10941	34	15	progress	progress	NOUN
cblr-10941	34	16	since	since	SCONJ
cblr-10941	34	17	1970	1970	NUM
cblr-10941	34	18	)	)	PUNCT
cblr-10941	34	19	.	.	PUNCT
cblr-10941	35	1	productivity	productivity	NOUN
cblr-10941	35	2	growth	growth	NOUN
cblr-10941	35	3	briefly	briefly	ADV
cblr-10941	35	4	spiked	spike	VERB
cblr-10941	35	5	from	from	ADP
cblr-10941	35	6	1995	1995	NUM
cblr-10941	35	7	to	to	ADP
cblr-10941	35	8	2004	2004	NUM
cblr-10941	35	9	but	but	CCONJ
cblr-10941	35	10	slowed	slow	VERB
cblr-10941	35	11	again	again	ADV
cblr-10941	35	12	after	after	ADP
cblr-10941	35	13	no	no	NOUN
cblr-10941	35	14	.	.	PUNCT
cblr-10941	36	1	2:859	2:859	NUM
cblr-10941	36	2	]	]	PUNCT
cblr-10941	36	3	moonshots	moonshot	VERB
cblr-10941	36	4	861	861	NUM
cblr-10941	36	5	productivity	productivity	NOUN
cblr-10941	36	6	slowdown	slowdown	NOUN
cblr-10941	36	7	with	with	ADP
cblr-10941	36	8	“	"	PUNCT
cblr-10941	36	9	the	the	DET
cblr-10941	36	10	kitchen	kitchen	NOUN
cblr-10941	36	11	test	test	NOUN
cblr-10941	36	12	”	"	PUNCT
cblr-10941	36	13	:	:	PUNCT
cblr-10941	36	14	look	look	VERB
cblr-10941	36	15	around	around	ADP
cblr-10941	36	16	your	your	PRON
cblr-10941	36	17	kitchen	kitchen	NOUN
cblr-10941	36	18	and	and	CCONJ
cblr-10941	36	19	ask	ask	VERB
cblr-10941	36	20	which	which	DET
cblr-10941	36	21	technologies	technology	NOUN
cblr-10941	36	22	would	would	AUX
cblr-10941	36	23	n’t	not	PART
cblr-10941	36	24	have	have	AUX
cblr-10941	36	25	been	be	AUX
cblr-10941	36	26	available	available	ADJ
cblr-10941	36	27	fifty	fifty	NUM
cblr-10941	36	28	years	year	NOUN
cblr-10941	36	29	ago.5	ago.5	PROPN
cblr-10941	36	30	if	if	SCONJ
cblr-10941	36	31	you	you	PRON
cblr-10941	36	32	find	find	VERB
cblr-10941	36	33	an	an	DET
cblr-10941	36	34	object	object	NOUN
cblr-10941	36	35	that	that	PRON
cblr-10941	36	36	passes	pass	VERB
cblr-10941	36	37	the	the	DET
cblr-10941	36	38	test	test	NOUN
cblr-10941	36	39	,	,	PUNCT
cblr-10941	36	40	it	it	PRON
cblr-10941	36	41	’s	’	VERB
cblr-10941	36	42	probably	probably	ADV
cblr-10941	36	43	a	a	DET
cblr-10941	36	44	laptop	laptop	NOUN
cblr-10941	36	45	or	or	CCONJ
cblr-10941	36	46	a	a	DET
cblr-10941	36	47	mobile	mobile	ADJ
cblr-10941	36	48	phone	phone	NOUN
cblr-10941	36	49	.	.	PUNCT
cblr-10941	37	1	innovation	innovation	NOUN
cblr-10941	37	2	has	have	AUX
cblr-10941	37	3	become	become	VERB
cblr-10941	37	4	synonymous	synonymous	ADJ
cblr-10941	37	5	with	with	ADP
cblr-10941	37	6	information	information	NOUN
cblr-10941	37	7	and	and	CCONJ
cblr-10941	37	8	communications	communication	NOUN
cblr-10941	37	9	technology	technology	NOUN
cblr-10941	37	10	—	—	PUNCT
cblr-10941	37	11	computers	computer	NOUN
cblr-10941	37	12	,	,	PUNCT
cblr-10941	37	13	smartphones	smartphone	NOUN
cblr-10941	37	14	,	,	PUNCT
cblr-10941	37	15	and	and	CCONJ
cblr-10941	37	16	the	the	DET
cblr-10941	37	17	internet	internet	NOUN
cblr-10941	37	18	—	—	PUNCT
cblr-10941	37	19	because	because	SCONJ
cblr-10941	37	20	there	there	PRON
cblr-10941	37	21	have	have	AUX
cblr-10941	37	22	been	be	AUX
cblr-10941	37	23	so	so	ADV
cblr-10941	37	24	few	few	ADJ
cblr-10941	37	25	transformative	transformative	ADJ
cblr-10941	37	26	technologies	technology	NOUN
cblr-10941	37	27	in	in	ADP
cblr-10941	37	28	other	other	ADJ
cblr-10941	37	29	fields	field	NOUN
cblr-10941	37	30	.	.	PUNCT
cblr-10941	38	1	some	some	DET
cblr-10941	38	2	economists	economist	NOUN
cblr-10941	38	3	believe	believe	VERB
cblr-10941	38	4	that	that	SCONJ
cblr-10941	38	5	the	the	DET
cblr-10941	38	6	economy	economy	NOUN
cblr-10941	38	7	has	have	AUX
cblr-10941	38	8	simply	simply	ADV
cblr-10941	38	9	picked	pick	VERB
cblr-10941	38	10	the	the	DET
cblr-10941	38	11	low	low	ADV
cblr-10941	38	12	-	-	PUNCT
cblr-10941	38	13	hanging	hang	VERB
cblr-10941	38	14	fruit.6	fruit.6	NOUN
cblr-10941	38	15	but	but	CCONJ
cblr-10941	38	16	there	there	PRON
cblr-10941	38	17	are	be	VERB
cblr-10941	38	18	plenty	plenty	NOUN
cblr-10941	38	19	of	of	ADP
cblr-10941	38	20	emerging	emerge	VERB
cblr-10941	38	21	technologies	technology	NOUN
cblr-10941	38	22	with	with	ADP
cblr-10941	38	23	the	the	DET
cblr-10941	38	24	potential	potential	NOUN
cblr-10941	38	25	to	to	PART
cblr-10941	38	26	reignite	reignite	VERB
cblr-10941	38	27	productivity	productivity	NOUN
cblr-10941	38	28	growth	growth	NOUN
cblr-10941	38	29	—	—	PUNCT
cblr-10941	38	30	artificial	artificial	ADJ
cblr-10941	38	31	intelligence	intelligence	NOUN
cblr-10941	38	32	,	,	PUNCT
cblr-10941	38	33	renewable	renewable	ADJ
cblr-10941	38	34	energy	energy	NOUN
cblr-10941	38	35	,	,	PUNCT
cblr-10941	38	36	synthetic	synthetic	ADJ
cblr-10941	38	37	biology	biology	NOUN
cblr-10941	38	38	,	,	PUNCT
cblr-10941	38	39	regenerative	regenerative	ADJ
cblr-10941	38	40	medicine	medicine	NOUN
cblr-10941	38	41	,	,	PUNCT
cblr-10941	38	42	and	and	CCONJ
cblr-10941	38	43	nanotechnology.7	nanotechnology.7	VERB
cblr-10941	38	44	the	the	DET
cblr-10941	38	45	problem	problem	NOUN
cblr-10941	38	46	is	be	AUX
cblr-10941	38	47	that	that	SCONJ
cblr-10941	38	48	it	it	PRON
cblr-10941	38	49	could	could	AUX
cblr-10941	38	50	take	take	VERB
cblr-10941	38	51	billions	billion	NOUN
cblr-10941	38	52	of	of	ADP
cblr-10941	38	53	dollars	dollar	NOUN
cblr-10941	38	54	and	and	CCONJ
cblr-10941	38	55	many	many	ADJ
cblr-10941	38	56	years	year	NOUN
cblr-10941	38	57	for	for	SCONJ
cblr-10941	38	58	these	these	DET
cblr-10941	38	59	technologies	technology	NOUN
cblr-10941	38	60	to	to	PART
cblr-10941	38	61	reach	reach	VERB
cblr-10941	38	62	consumers	consumer	NOUN
cblr-10941	38	63	.	.	PUNCT
cblr-10941	39	1	the	the	DET
cblr-10941	39	2	state	state	NOUN
cblr-10941	39	3	plays	play	VERB
cblr-10941	39	4	an	an	DET
cblr-10941	39	5	important	important	ADJ
cblr-10941	39	6	role	role	NOUN
cblr-10941	39	7	in	in	ADP
cblr-10941	39	8	innovation	innovation	NOUN
cblr-10941	39	9	by	by	ADP
cblr-10941	39	10	funding	fund	VERB
cblr-10941	39	11	basic	basic	ADJ
cblr-10941	39	12	scientific	scientific	NOUN
cblr-10941	39	13	research.8	research.8	ADP
cblr-10941	39	14	still	still	ADV
cblr-10941	39	15	,	,	PUNCT
cblr-10941	39	16	private	private	ADJ
cblr-10941	39	17	firms	firm	NOUN
cblr-10941	39	18	must	must	AUX
cblr-10941	39	19	eventually	eventually	ADV
cblr-10941	39	20	develop	develop	VERB
cblr-10941	39	21	technological	technological	ADJ
cblr-10941	39	22	advances	advance	NOUN
cblr-10941	39	23	into	into	ADP
cblr-10941	39	24	new	new	ADJ
cblr-10941	39	25	products	product	NOUN
cblr-10941	39	26	and	and	CCONJ
cblr-10941	39	27	services	service	NOUN
cblr-10941	39	28	.	.	PUNCT
cblr-10941	40	1	when	when	SCONJ
cblr-10941	40	2	a	a	DET
cblr-10941	40	3	project	project	NOUN
cblr-10941	40	4	to	to	PART
cblr-10941	40	5	commercialize	commercialize	VERB
cblr-10941	40	6	a	a	DET
cblr-10941	40	7	new	new	ADJ
cblr-10941	40	8	technology	technology	NOUN
cblr-10941	40	9	requires	require	VERB
cblr-10941	40	10	sustained	sustain	VERB
cblr-10941	40	11	infusions	infusion	NOUN
cblr-10941	40	12	of	of	ADP
cblr-10941	40	13	capital	capital	NOUN
cblr-10941	40	14	over	over	ADP
cblr-10941	40	15	many	many	ADJ
cblr-10941	40	16	years	year	NOUN
cblr-10941	40	17	,	,	PUNCT
cblr-10941	40	18	it	it	PRON
cblr-10941	40	19	’s	’s	AUX
cblr-10941	40	20	called	call	VERB
cblr-10941	40	21	a	a	DET
cblr-10941	40	22	moonshot.9	moonshot.9	PROPN
cblr-10941	40	23	moonshots	moonshot	NOUN
cblr-10941	40	24	can	can	AUX
cblr-10941	40	25	generate	generate	VERB
cblr-10941	40	26	2005	2005	NUM
cblr-10941	40	27	.	.	PUNCT
cblr-10941	41	1	see	see	VERB
cblr-10941	41	2	chad	chad	PROPN
cblr-10941	41	3	syverson	syverson	PROPN
cblr-10941	41	4	,	,	PUNCT
cblr-10941	41	5	challenges	challenge	NOUN
cblr-10941	41	6	to	to	ADP
cblr-10941	41	7	mismeasurement	mismeasurement	ADJ
cblr-10941	41	8	explanations	explanation	NOUN
cblr-10941	41	9	for	for	ADP
cblr-10941	41	10	the	the	DET
cblr-10941	41	11	us	us	PROPN
cblr-10941	41	12	productivity	productivity	NOUN
cblr-10941	41	13	slowdown	slowdown	NOUN
cblr-10941	41	14	,	,	PUNCT
cblr-10941	41	15	31	31	NUM
cblr-10941	41	16	j.	j.	PROPN
cblr-10941	41	17	econ	econ	PROPN
cblr-10941	41	18	.	.	PUNCT
cblr-10941	42	1	persps	persps	PROPN
cblr-10941	42	2	.	.	PUNCT
cblr-10941	43	1	165	165	NUM
cblr-10941	43	2	,	,	PUNCT
cblr-10941	43	3	168–71	168–71	NUM
cblr-10941	43	4	(	(	PUNCT
cblr-10941	43	5	2017	2017	NUM
cblr-10941	43	6	)	)	PUNCT
cblr-10941	43	7	.	.	PUNCT
cblr-10941	44	1	5	5	NUM
cblr-10941	44	2	paul	paul	PROPN
cblr-10941	44	3	r.	r.	PROPN
cblr-10941	44	4	krugman	krugman	PROPN
cblr-10941	44	5	,	,	PUNCT
cblr-10941	44	6	the	the	DET
cblr-10941	44	7	kitchen	kitchen	NOUN
cblr-10941	44	8	test	test	NOUN
cblr-10941	44	9	,	,	PUNCT
cblr-10941	44	10	n.y	n.y	PROPN
cblr-10941	44	11	.	.	PROPN
cblr-10941	44	12	times	times	PROPN
cblr-10941	44	13	(	(	PUNCT
cblr-10941	44	14	jan	jan	PROPN
cblr-10941	44	15	.	.	PROPN
cblr-10941	44	16	30	30	NUM
cblr-10941	44	17	,	,	PUNCT
cblr-10941	44	18	2011	2011	NUM
cblr-10941	44	19	,	,	PUNCT
cblr-10941	44	20	12:29	12:29	NUM
cblr-10941	44	21	pm	pm	NOUN
cblr-10941	44	22	)	)	PUNCT
cblr-10941	44	23	,	,	PUNCT
cblr-10941	44	24	https://krugman.blogs.nytimes.com/2011/01/30/the-kitchen-test/	https://krugman.blogs.nytimes.com/2011/01/30/the-kitchen-test/	X
cblr-10941	45	1	[	[	X
cblr-10941	45	2	https://perma.cc/fk3m-gma6	https://perma.cc/fk3m-gma6	ADP
cblr-10941	45	3	]	]	X
cblr-10941	45	4	.	.	PUNCT
cblr-10941	46	1	6	6	NUM
cblr-10941	46	2	see	see	VERB
cblr-10941	46	3	gordon	gordon	PROPN
cblr-10941	46	4	,	,	PUNCT
cblr-10941	46	5	supra	supra	PROPN
cblr-10941	46	6	note	note	PROPN
cblr-10941	46	7	1	1	NUM
cblr-10941	46	8	,	,	PUNCT
cblr-10941	46	9	at	at	ADP
cblr-10941	46	10	593–601	593–601	NUM
cblr-10941	46	11	(	(	PUNCT
cblr-10941	46	12	predicting	predict	VERB
cblr-10941	46	13	that	that	SCONJ
cblr-10941	46	14	currentlyemerging	currentlyemerge	VERB
cblr-10941	46	15	technologies	technology	NOUN
cblr-10941	46	16	will	will	AUX
cblr-10941	46	17	not	not	PART
cblr-10941	46	18	reignite	reignite	VERB
cblr-10941	46	19	productivity	productivity	NOUN
cblr-10941	46	20	growth	growth	NOUN
cblr-10941	46	21	)	)	PUNCT
cblr-10941	46	22	;	;	PUNCT
cblr-10941	46	23	see	see	VERB
cblr-10941	46	24	generally	generally	ADV
cblr-10941	46	25	tyler	tyler	PROPN
cblr-10941	46	26	cowen	cowen	PROPN
cblr-10941	46	27	,	,	PUNCT
cblr-10941	46	28	the	the	DET
cblr-10941	46	29	great	great	ADJ
cblr-10941	46	30	stagnation	stagnation	NOUN
cblr-10941	46	31	(	(	PUNCT
cblr-10941	46	32	2011	2011	NUM
cblr-10941	46	33	)	)	PUNCT
cblr-10941	46	34	(	(	PUNCT
cblr-10941	46	35	arguing	argue	VERB
cblr-10941	46	36	that	that	SCONJ
cblr-10941	46	37	the	the	DET
cblr-10941	46	38	economy	economy	NOUN
cblr-10941	46	39	is	be	AUX
cblr-10941	46	40	at	at	ADP
cblr-10941	46	41	a	a	DET
cblr-10941	46	42	technological	technological	ADJ
cblr-10941	46	43	plateau	plateau	NOUN
cblr-10941	46	44	)	)	PUNCT
cblr-10941	46	45	.	.	PUNCT
cblr-10941	47	1	7	7	NUM
cblr-10941	47	2	see	see	VERB
cblr-10941	47	3	noah	noah	PROPN
cblr-10941	47	4	smith	smith	PROPN
cblr-10941	47	5	,	,	PUNCT
cblr-10941	47	6	techno	techno	NOUN
cblr-10941	47	7	-	-	PUNCT
cblr-10941	47	8	optimism	optimism	NOUN
cblr-10941	47	9	for	for	ADP
cblr-10941	47	10	2022	2022	NUM
cblr-10941	47	11	,	,	PUNCT
cblr-10941	47	12	noahpinion	noahpinion	NOUN
cblr-10941	47	13	(	(	PUNCT
cblr-10941	47	14	dec	dec	PROPN
cblr-10941	47	15	.	.	PROPN
cblr-10941	47	16	8	8	NUM
cblr-10941	47	17	,	,	PUNCT
cblr-10941	47	18	2021	2021	NUM
cblr-10941	47	19	)	)	PUNCT
cblr-10941	47	20	,	,	PUNCT
cblr-10941	47	21	https://noahpinion.substack.com/p/techno-optimism-for-2022	https://noahpinion.substack.com/p/techno-optimism-for-2022	NOUN
cblr-10941	47	22	[	[	X
cblr-10941	47	23	https://perma.cc/f8cj-859u	https://perma.cc/f8cj-859u	X
cblr-10941	47	24	]	]	X
cblr-10941	47	25	(	(	PUNCT
cblr-10941	47	26	reviewing	review	VERB
cblr-10941	47	27	the	the	DET
cblr-10941	47	28	prospects	prospect	NOUN
cblr-10941	47	29	of	of	ADP
cblr-10941	47	30	emerging	emerge	VERB
cblr-10941	47	31	technologies	technology	NOUN
cblr-10941	47	32	)	)	PUNCT
cblr-10941	47	33	.	.	PUNCT
cblr-10941	48	1	8	8	NUM
cblr-10941	48	2	see	see	VERB
cblr-10941	48	3	generally	generally	ADV
cblr-10941	48	4	mariana	mariana	PROPN
cblr-10941	48	5	mazzucato	mazzucato	PROPN
cblr-10941	48	6	,	,	PUNCT
cblr-10941	48	7	the	the	DET
cblr-10941	48	8	entrepreneurial	entrepreneurial	ADJ
cblr-10941	48	9	state	state	NOUN
cblr-10941	48	10	(	(	PUNCT
cblr-10941	48	11	2013	2013	NUM
cblr-10941	48	12	)	)	PUNCT
cblr-10941	48	13	(	(	PUNCT
cblr-10941	48	14	arguing	argue	VERB
cblr-10941	48	15	that	that	SCONJ
cblr-10941	48	16	the	the	DET
cblr-10941	48	17	state	state	NOUN
cblr-10941	48	18	plays	play	VERB
cblr-10941	48	19	a	a	DET
cblr-10941	48	20	greater	great	ADJ
cblr-10941	48	21	role	role	NOUN
cblr-10941	48	22	in	in	ADP
cblr-10941	48	23	innovation	innovation	NOUN
cblr-10941	48	24	than	than	SCONJ
cblr-10941	48	25	economists	economist	NOUN
cblr-10941	48	26	have	have	AUX
cblr-10941	48	27	recognized	recognize	VERB
cblr-10941	48	28	)	)	PUNCT
cblr-10941	48	29	.	.	PUNCT
cblr-10941	49	1	9	9	NUM
cblr-10941	49	2	the	the	DET
cblr-10941	49	3	tech	tech	NOUN
cblr-10941	49	4	conglomerate	conglomerate	NOUN
cblr-10941	49	5	alphabet	alphabet	NOUN
cblr-10941	49	6	has	have	AUX
cblr-10941	49	7	popularized	popularize	VERB
cblr-10941	49	8	the	the	DET
cblr-10941	49	9	term	term	NOUN
cblr-10941	49	10	“	"	PUNCT
cblr-10941	49	11	moonshot	moonshot	NOUN
cblr-10941	49	12	”	"	PUNCT
cblr-10941	49	13	as	as	ADP
cblr-10941	49	14	a	a	DET
cblr-10941	49	15	label	label	NOUN
cblr-10941	49	16	for	for	ADP
cblr-10941	49	17	its	its	PRON
cblr-10941	49	18	long	long	ADJ
cblr-10941	49	19	-	-	PUNCT
cblr-10941	49	20	term	term	NOUN
cblr-10941	49	21	investments	investment	NOUN
cblr-10941	49	22	,	,	PUNCT
cblr-10941	49	23	most	most	ADJ
cblr-10941	49	24	of	of	ADP
cblr-10941	49	25	which	which	PRON
cblr-10941	49	26	involve	involve	VERB
cblr-10941	49	27	commercializing	commercialize	VERB
cblr-10941	49	28	new	new	ADJ
cblr-10941	49	29	technologies	technology	NOUN
cblr-10941	49	30	.	.	PUNCT
cblr-10941	50	1	see	see	VERB
cblr-10941	50	2	alphabet	alphabet	PROPN
cblr-10941	50	3	inc	inc	PROPN
cblr-10941	50	4	.	.	PROPN
cblr-10941	50	5	,	,	PUNCT
cblr-10941	50	6	annual	annual	ADJ
cblr-10941	50	7	report	report	NOUN
cblr-10941	50	8	(	(	PUNCT
cblr-10941	50	9	form	form	NOUN
cblr-10941	50	10	10	10	NUM
cblr-10941	50	11	-	-	PUNCT
cblr-10941	50	12	k	k	NOUN
cblr-10941	50	13	)	)	PUNCT
cblr-10941	50	14	5	5	NUM
cblr-10941	50	15	(	(	PUNCT
cblr-10941	50	16	feb	feb	X
cblr-10941	50	17	.	.	PROPN
cblr-10941	50	18	2	2	NUM
cblr-10941	50	19	,	,	PUNCT
cblr-10941	50	20	2021	2021	NUM
cblr-10941	50	21	)	)	PUNCT
cblr-10941	50	22	(	(	PUNCT
cblr-10941	50	23	describing	describe	VERB
cblr-10941	50	24	moonshots	moonshot	NOUN
cblr-10941	50	25	as	as	ADP
cblr-10941	50	26	“	"	PUNCT
cblr-10941	50	27	high	high	ADJ
cblr-10941	50	28	-	-	PUNCT
cblr-10941	50	29	risk	risk	NOUN
cblr-10941	50	30	,	,	PUNCT
cblr-10941	50	31	high	high	ADJ
cblr-10941	50	32	-	-	PUNCT
cblr-10941	50	33	reward	reward	NOUN
cblr-10941	50	34	”	"	PUNCT
cblr-10941	50	35	862	862	NUM
cblr-10941	50	36	columbia	columbia	PROPN
cblr-10941	50	37	business	business	NOUN
cblr-10941	50	38	law	law	PROPN
cblr-10941	50	39	review	review	NOUN
cblr-10941	50	40	[	[	X
cblr-10941	50	41	vol	vol	NOUN
cblr-10941	50	42	.	.	PUNCT
cblr-10941	50	43	2022	2022	NUM
cblr-10941	50	44	attractive	attractive	ADJ
cblr-10941	50	45	returns	return	NOUN
cblr-10941	50	46	if	if	SCONJ
cblr-10941	50	47	they	they	PRON
cblr-10941	50	48	succeed	succeed	VERB
cblr-10941	50	49	,	,	PUNCT
cblr-10941	50	50	but	but	CCONJ
cblr-10941	50	51	companies	company	NOUN
cblr-10941	50	52	can	can	AUX
cblr-10941	50	53	be	be	AUX
cblr-10941	50	54	reluctant	reluctant	ADJ
cblr-10941	50	55	to	to	PART
cblr-10941	50	56	take	take	VERB
cblr-10941	50	57	the	the	DET
cblr-10941	50	58	risk	risk	NOUN
cblr-10941	50	59	.	.	PUNCT
cblr-10941	51	1	corporate	corporate	ADJ
cblr-10941	51	2	law	law	NOUN
cblr-10941	51	3	scholars	scholar	NOUN
cblr-10941	51	4	have	have	AUX
cblr-10941	51	5	long	long	ADV
cblr-10941	51	6	debated	debate	VERB
cblr-10941	51	7	whether	whether	SCONJ
cblr-10941	51	8	the	the	DET
cblr-10941	51	9	structure	structure	NOUN
cblr-10941	51	10	of	of	ADP
cblr-10941	51	11	the	the	DET
cblr-10941	51	12	modern	modern	ADJ
cblr-10941	51	13	public	public	ADJ
cblr-10941	51	14	corporation	corporation	NOUN
cblr-10941	51	15	discourages	discourage	VERB
cblr-10941	51	16	longterm	longterm	ADJ
cblr-10941	51	17	investments	investment	NOUN
cblr-10941	51	18	.	.	PUNCT
cblr-10941	52	1	one	one	NUM
cblr-10941	52	2	group	group	NOUN
cblr-10941	52	3	of	of	ADP
cblr-10941	52	4	influential	influential	ADJ
cblr-10941	52	5	lawyers	lawyer	NOUN
cblr-10941	52	6	,	,	PUNCT
cblr-10941	52	7	judges	judge	NOUN
cblr-10941	52	8	,	,	PUNCT
cblr-10941	52	9	and	and	CCONJ
cblr-10941	52	10	scholars	scholar	NOUN
cblr-10941	52	11	—	—	PUNCT
cblr-10941	52	12	the	the	DET
cblr-10941	52	13	“	"	PUNCT
cblr-10941	52	14	short	short	ADJ
cblr-10941	52	15	-	-	PUNCT
cblr-10941	52	16	termists”—argues	termists”—argue	NOUN
cblr-10941	52	17	that	that	SCONJ
cblr-10941	52	18	public	public	ADJ
cblr-10941	52	19	company	company	NOUN
cblr-10941	52	20	managers	manager	NOUN
cblr-10941	52	21	are	be	AUX
cblr-10941	52	22	forced	force	VERB
cblr-10941	52	23	to	to	PART
cblr-10941	52	24	prioritize	prioritize	VERB
cblr-10941	52	25	short	short	ADJ
cblr-10941	52	26	-	-	PUNCT
cblr-10941	52	27	term	term	NOUN
cblr-10941	52	28	stock	stock	NOUN
cblr-10941	52	29	performance	performance	NOUN
cblr-10941	52	30	over	over	ADP
cblr-10941	52	31	long	long	ADJ
cblr-10941	52	32	-	-	PUNCT
cblr-10941	52	33	term	term	NOUN
cblr-10941	52	34	shareholder	shareholder	NOUN
cblr-10941	52	35	value.10	value.10	ADP
cblr-10941	52	36	the	the	DET
cblr-10941	52	37	shorttermists	shorttermist	NOUN
cblr-10941	52	38	contend	contend	VERB
cblr-10941	52	39	that	that	SCONJ
cblr-10941	52	40	managers	manager	NOUN
cblr-10941	52	41	forgo	forgo	VERB
cblr-10941	52	42	long	long	ADJ
cblr-10941	52	43	-	-	PUNCT
cblr-10941	52	44	term	term	NOUN
cblr-10941	52	45	investments	investment	NOUN
cblr-10941	52	46	because	because	SCONJ
cblr-10941	52	47	they	they	PRON
cblr-10941	52	48	fear	fear	VERB
cblr-10941	52	49	being	be	AUX
cblr-10941	52	50	targeted	target	VERB
cblr-10941	52	51	by	by	ADP
cblr-10941	52	52	activist	activist	ADJ
cblr-10941	52	53	hedge	hedge	NOUN
cblr-10941	52	54	funds	fund	NOUN
cblr-10941	52	55	seeking	seek	VERB
cblr-10941	52	56	quick	quick	ADJ
cblr-10941	52	57	returns.11	returns.11	ADJ
cblr-10941	52	58	the	the	DET
cblr-10941	52	59	short	short	ADJ
cblr-10941	52	60	-	-	PUNCT
cblr-10941	52	61	termists	termist	NOUN
cblr-10941	52	62	propose	propose	VERB
cblr-10941	52	63	to	to	PART
cblr-10941	52	64	remedy	remedy	VERB
cblr-10941	52	65	the	the	DET
cblr-10941	52	66	problem	problem	NOUN
cblr-10941	52	67	by	by	ADP
cblr-10941	52	68	insulating	insulate	VERB
cblr-10941	52	69	boards	board	NOUN
cblr-10941	52	70	of	of	ADP
cblr-10941	52	71	directors	director	NOUN
cblr-10941	52	72	from	from	ADP
cblr-10941	52	73	shareholder	shareholder	NOUN
cblr-10941	52	74	pressure.12	pressure.12	PROPN
cblr-10941	52	75	another	another	DET
cblr-10941	52	76	group	group	NOUN
cblr-10941	52	77	of	of	ADP
cblr-10941	52	78	scholars	scholar	NOUN
cblr-10941	52	79	—	—	PUNCT
cblr-10941	52	80	let	let	VERB
cblr-10941	52	81	’s	’s	PRON
cblr-10941	52	82	call	call	VERB
cblr-10941	52	83	them	they	PRON
cblr-10941	52	84	the	the	DET
cblr-10941	52	85	“	"	PUNCT
cblr-10941	52	86	skeptics”—has	skeptics”—ha	NOUN
cblr-10941	52	87	criticized	criticize	VERB
cblr-10941	52	88	the	the	DET
cblr-10941	52	89	short	short	ADJ
cblr-10941	52	90	-	-	PUNCT
cblr-10941	52	91	termists	termist	NOUN
cblr-10941	52	92	’	'	PUNCT
cblr-10941	52	93	claims.13	claims.13	NOUN
cblr-10941	52	94	the	the	DET
cblr-10941	52	95	skeptics	skeptic	NOUN
cblr-10941	52	96	argue	argue	VERB
cblr-10941	52	97	that	that	SCONJ
cblr-10941	52	98	shareholder	shareholder	NOUN
cblr-10941	52	99	pressure	pressure	NOUN
cblr-10941	52	100	makes	make	VERB
cblr-10941	52	101	managers	manager	NOUN
cblr-10941	52	102	more	more	ADV
cblr-10941	52	103	accountable	accountable	ADJ
cblr-10941	52	104	.	.	PUNCT
cblr-10941	53	1	they	they	PRON
cblr-10941	53	2	contend	contend	VERB
cblr-10941	53	3	that	that	SCONJ
cblr-10941	53	4	board	board	NOUN
cblr-10941	53	5	long	long	ADJ
cblr-10941	53	6	-	-	PUNCT
cblr-10941	53	7	term	term	NOUN
cblr-10941	53	8	projects	project	NOUN
cblr-10941	53	9	)	)	PUNCT
cblr-10941	53	10	.	.	PUNCT
cblr-10941	54	1	in	in	ADP
cblr-10941	54	2	other	other	ADJ
cblr-10941	54	3	contexts	contexts	NOUN
cblr-10941	54	4	,	,	PUNCT
cblr-10941	54	5	the	the	DET
cblr-10941	54	6	term	term	NOUN
cblr-10941	54	7	is	be	AUX
cblr-10941	54	8	used	use	VERB
cblr-10941	54	9	to	to	PART
cblr-10941	54	10	describe	describe	VERB
cblr-10941	54	11	risky	risky	ADJ
cblr-10941	54	12	and	and	CCONJ
cblr-10941	54	13	important	important	ADJ
cblr-10941	54	14	projects	project	NOUN
cblr-10941	54	15	that	that	PRON
cblr-10941	54	16	require	require	VERB
cblr-10941	54	17	intense	intense	ADJ
cblr-10941	54	18	but	but	CCONJ
cblr-10941	54	19	short	short	ADJ
cblr-10941	54	20	-	-	PUNCT
cblr-10941	54	21	term	term	NOUN
cblr-10941	54	22	investment	investment	NOUN
cblr-10941	54	23	.	.	PUNCT
cblr-10941	55	1	see	see	VERB
cblr-10941	55	2	a	a	DET
cblr-10941	55	3	new	new	ADJ
cblr-10941	55	4	meaning	meaning	NOUN
cblr-10941	55	5	of	of	ADP
cblr-10941	55	6	‘	'	PUNCT
cblr-10941	55	7	moonshot	moonshot	NOUN
cblr-10941	55	8	’	'	PUNCT
cblr-10941	55	9	,	,	PUNCT
cblr-10941	55	10	merriam	merriam	PROPN
cblr-10941	55	11	-	-	PUNCT
cblr-10941	55	12	webster	webster	PROPN
cblr-10941	55	13	(	(	PUNCT
cblr-10941	55	14	jan	jan	PROPN
cblr-10941	55	15	.	.	PROPN
cblr-10941	55	16	2020	2020	NUM
cblr-10941	55	17	)	)	PUNCT
cblr-10941	55	18	,	,	PUNCT
cblr-10941	55	19	https://www.merriam-webster.com/words-at-play/moonshot-words-werewatching	https://www.merriam-webster.com/words-at-play/moonshot-words-werewatche	VERB
cblr-10941	56	1	[	[	X
cblr-10941	56	2	https://perma.cc/e3jx-qnp6	https://perma.cc/e3jx-qnp6	X
cblr-10941	56	3	]	]	X
cblr-10941	56	4	(	(	PUNCT
cblr-10941	56	5	“	"	PUNCT
cblr-10941	56	6	this	this	DET
cblr-10941	56	7	use	use	NOUN
cblr-10941	56	8	of	of	ADP
cblr-10941	56	9	moonshot	moonshot	PROPN
cblr-10941	56	10	refers	refer	VERB
cblr-10941	56	11	to	to	ADP
cblr-10941	56	12	a	a	DET
cblr-10941	56	13	project	project	NOUN
cblr-10941	56	14	or	or	CCONJ
cblr-10941	56	15	venture	venture	NOUN
cblr-10941	56	16	that	that	PRON
cblr-10941	56	17	is	be	AUX
cblr-10941	56	18	intended	intend	VERB
cblr-10941	56	19	to	to	PART
cblr-10941	56	20	have	have	VERB
cblr-10941	56	21	deep	deep	ADV
cblr-10941	56	22	-	-	PUNCT
cblr-10941	56	23	reaching	reach	VERB
cblr-10941	56	24	or	or	CCONJ
cblr-10941	56	25	outstanding	outstanding	ADJ
cblr-10941	56	26	results	result	NOUN
cblr-10941	56	27	after	after	ADP
cblr-10941	56	28	one	one	NUM
cblr-10941	56	29	heavy	heavy	ADJ
cblr-10941	56	30	,	,	PUNCT
cblr-10941	56	31	consistent	consistent	ADJ
cblr-10941	56	32	,	,	PUNCT
cblr-10941	56	33	and	and	CCONJ
cblr-10941	56	34	usually	usually	ADV
cblr-10941	56	35	quick	quick	ADJ
cblr-10941	56	36	push	push	NOUN
cblr-10941	56	37	.	.	PUNCT
cblr-10941	56	38	”	"	PUNCT
cblr-10941	56	39	)	)	PUNCT
cblr-10941	56	40	.	.	PUNCT
cblr-10941	57	1	10	10	NUM
cblr-10941	57	2	see	see	VERB
cblr-10941	57	3	william	william	PROPN
cblr-10941	57	4	w.	w.	PROPN
cblr-10941	57	5	bratton	bratton	PROPN
cblr-10941	57	6	&	&	CCONJ
cblr-10941	57	7	michael	michael	PROPN
cblr-10941	57	8	l.	l.	PROPN
cblr-10941	57	9	wachter	wachter	PROPN
cblr-10941	57	10	,	,	PUNCT
cblr-10941	57	11	the	the	DET
cblr-10941	57	12	case	case	NOUN
cblr-10941	57	13	against	against	ADP
cblr-10941	57	14	shareholder	shareholder	NOUN
cblr-10941	57	15	empowerment	empowerment	NOUN
cblr-10941	57	16	,	,	PUNCT
cblr-10941	57	17	158	158	NUM
cblr-10941	57	18	u.	u.	PROPN
cblr-10941	57	19	pa	pa	PROPN
cblr-10941	57	20	.	.	PUNCT
cblr-10941	57	21	l.	l.	PROPN
cblr-10941	57	22	rev	rev	PROPN
cblr-10941	57	23	.	.	PROPN
cblr-10941	57	24	653	653	NUM
cblr-10941	57	25	,	,	PUNCT
cblr-10941	57	26	702	702	NUM
cblr-10941	57	27	(	(	PUNCT
cblr-10941	57	28	2010	2010	NUM
cblr-10941	57	29	)	)	PUNCT
cblr-10941	57	30	;	;	PUNCT
cblr-10941	57	31	martin	martin	PROPN
cblr-10941	57	32	lipton	lipton	PROPN
cblr-10941	57	33	&	&	CCONJ
cblr-10941	57	34	steven	steven	PROPN
cblr-10941	57	35	a.	a.	PROPN
cblr-10941	57	36	rosenblum	rosenblum	PROPN
cblr-10941	57	37	,	,	PUNCT
cblr-10941	57	38	a	a	DET
cblr-10941	57	39	new	new	ADJ
cblr-10941	57	40	system	system	NOUN
cblr-10941	57	41	of	of	ADP
cblr-10941	57	42	corporate	corporate	ADJ
cblr-10941	57	43	governance	governance	NOUN
cblr-10941	57	44	:	:	PUNCT
cblr-10941	57	45	the	the	DET
cblr-10941	57	46	quinquennial	quinquennial	ADJ
cblr-10941	57	47	election	election	NOUN
cblr-10941	57	48	of	of	ADP
cblr-10941	57	49	directors	director	NOUN
cblr-10941	57	50	,	,	PUNCT
cblr-10941	57	51	58	58	NUM
cblr-10941	57	52	u.	u.	NOUN
cblr-10941	57	53	chi	chi	PROPN
cblr-10941	57	54	.	.	PUNCT
cblr-10941	58	1	l.	l.	PROPN
cblr-10941	58	2	rev	rev	PROPN
cblr-10941	58	3	.	.	PROPN
cblr-10941	58	4	187	187	NUM
cblr-10941	58	5	,	,	PUNCT
cblr-10941	58	6	202–05	202–05	NUM
cblr-10941	58	7	(	(	PUNCT
cblr-10941	58	8	1991	1991	NUM
cblr-10941	58	9	)	)	PUNCT
cblr-10941	58	10	;	;	PUNCT
cblr-10941	58	11	leo	leo	PROPN
cblr-10941	58	12	e.	e.	PROPN
cblr-10941	58	13	strine	strine	PROPN
cblr-10941	58	14	,	,	PUNCT
cblr-10941	58	15	jr	jr	PROPN
cblr-10941	58	16	.	.	PROPN
cblr-10941	58	17	,	,	PUNCT
cblr-10941	58	18	one	one	NUM
cblr-10941	58	19	fundamental	fundamental	ADJ
cblr-10941	58	20	corporate	corporate	ADJ
cblr-10941	58	21	governance	governance	NOUN
cblr-10941	58	22	question	question	NOUN
cblr-10941	58	23	we	we	PRON
cblr-10941	58	24	face	face	VERB
cblr-10941	58	25	:	:	PUNCT
cblr-10941	58	26	can	can	AUX
cblr-10941	58	27	corporations	corporation	NOUN
cblr-10941	58	28	be	be	AUX
cblr-10941	58	29	managed	manage	VERB
cblr-10941	58	30	for	for	ADP
cblr-10941	58	31	the	the	DET
cblr-10941	58	32	long	long	ADJ
cblr-10941	58	33	term	term	NOUN
cblr-10941	58	34	unless	unless	SCONJ
cblr-10941	58	35	their	their	PRON
cblr-10941	58	36	powerful	powerful	ADJ
cblr-10941	58	37	electorates	electorate	NOUN
cblr-10941	58	38	also	also	ADV
cblr-10941	58	39	act	act	VERB
cblr-10941	58	40	and	and	CCONJ
cblr-10941	58	41	think	think	VERB
cblr-10941	58	42	long	long	ADJ
cblr-10941	58	43	term	term	NOUN
cblr-10941	58	44	?	?	PUNCT
cblr-10941	58	45	,	,	PUNCT
cblr-10941	58	46	66	66	NUM
cblr-10941	58	47	bus	bus	NOUN
cblr-10941	58	48	.	.	PUNCT
cblr-10941	59	1	law	law	NOUN
cblr-10941	59	2	.	.	PUNCT
cblr-10941	60	1	1	1	NUM
cblr-10941	60	2	,	,	PUNCT
cblr-10941	60	3	9–19	9–19	NOUN
cblr-10941	60	4	(	(	PUNCT
cblr-10941	60	5	2010	2010	NUM
cblr-10941	60	6	)	)	PUNCT
cblr-10941	60	7	.	.	PUNCT
cblr-10941	61	1	11	11	NUM
cblr-10941	61	2	see	see	VERB
cblr-10941	61	3	martin	martin	PROPN
cblr-10941	61	4	lipton	lipton	PROPN
cblr-10941	61	5	,	,	PUNCT
cblr-10941	61	6	important	important	ADJ
cblr-10941	61	7	questions	question	NOUN
cblr-10941	61	8	about	about	ADP
cblr-10941	61	9	activist	activist	ADJ
cblr-10941	61	10	hedge	hedge	NOUN
cblr-10941	61	11	funds	fund	NOUN
cblr-10941	61	12	,	,	PUNCT
cblr-10941	61	13	harv	harv	PROPN
cblr-10941	61	14	.	.	PUNCT
cblr-10941	62	1	l.	l.	PROPN
cblr-10941	62	2	sch	sch	PROPN
cblr-10941	62	3	.	.	PUNCT
cblr-10941	63	1	f.	f.	PROPN
cblr-10941	63	2	on	on	ADP
cblr-10941	63	3	corp	corp	PROPN
cblr-10941	63	4	.	.	PROPN
cblr-10941	63	5	governance	governance	PROPN
cblr-10941	63	6	(	(	PUNCT
cblr-10941	63	7	mar	mar	PROPN
cblr-10941	63	8	.	.	PROPN
cblr-10941	63	9	9	9	NUM
cblr-10941	63	10	,	,	PUNCT
cblr-10941	63	11	2013	2013	NUM
cblr-10941	63	12	)	)	PUNCT
cblr-10941	63	13	,	,	PUNCT
cblr-10941	63	14	https://corpgov.law.harvard.edu/2013/03/09/important-questions-aboutactivist-hedge-funds/	https://corpgov.law.harvard.edu/2013/03/09/important-questions-aboutactivist-hedge-funds/	NOUN
cblr-10941	63	15	[	[	X
cblr-10941	63	16	https://perma.cc/4ke2-pd95	https://perma.cc/4ke2-pd95	NOUN
cblr-10941	63	17	]	]	PUNCT
cblr-10941	63	18	;	;	PUNCT
cblr-10941	63	19	leo	leo	PROPN
cblr-10941	63	20	e.	e.	PROPN
cblr-10941	63	21	strine	strine	PROPN
cblr-10941	63	22	,	,	PUNCT
cblr-10941	63	23	jr	jr	PROPN
cblr-10941	63	24	.	.	PROPN
cblr-10941	63	25	,	,	PUNCT
cblr-10941	63	26	who	who	PRON
cblr-10941	63	27	bleeds	bleed	VERB
cblr-10941	63	28	when	when	SCONJ
cblr-10941	63	29	the	the	DET
cblr-10941	63	30	wolves	wolf	NOUN
cblr-10941	63	31	bite	bite	VERB
cblr-10941	63	32	?	?	PUNCT
cblr-10941	63	33	:	:	PUNCT
cblr-10941	63	34	a	a	DET
cblr-10941	63	35	flesh	flesh	NOUN
cblr-10941	63	36	-	-	PUNCT
cblr-10941	63	37	and	and	CCONJ
cblr-10941	63	38	-	-	PUNCT
cblr-10941	63	39	blood	blood	NOUN
cblr-10941	63	40	perspective	perspective	NOUN
cblr-10941	63	41	on	on	ADP
cblr-10941	63	42	hedge	hedge	NOUN
cblr-10941	63	43	fund	fund	NOUN
cblr-10941	63	44	activism	activism	NOUN
cblr-10941	63	45	and	and	CCONJ
cblr-10941	63	46	our	our	PRON
cblr-10941	63	47	strange	strange	ADJ
cblr-10941	63	48	corporate	corporate	ADJ
cblr-10941	63	49	governance	governance	NOUN
cblr-10941	63	50	system	system	NOUN
cblr-10941	63	51	,	,	PUNCT
cblr-10941	63	52	126	126	NUM
cblr-10941	63	53	yale	yale	PROPN
cblr-10941	63	54	l.j	l.j	PROPN
cblr-10941	63	55	.	.	PROPN
cblr-10941	63	56	1870	1870	NUM
cblr-10941	63	57	,	,	PUNCT
cblr-10941	63	58	1938–51	1938–51	NUM
cblr-10941	63	59	(	(	PUNCT
cblr-10941	63	60	2017	2017	NUM
cblr-10941	63	61	)	)	PUNCT
cblr-10941	63	62	.	.	PUNCT
cblr-10941	64	1	12	12	NUM
cblr-10941	64	2	see	see	VERB
cblr-10941	64	3	lipton	lipton	PROPN
cblr-10941	64	4	&	&	CCONJ
cblr-10941	64	5	rosenblum	rosenblum	PROPN
cblr-10941	64	6	,	,	PUNCT
cblr-10941	64	7	supra	supra	PROPN
cblr-10941	64	8	note	note	NOUN
cblr-10941	64	9	10	10	NUM
cblr-10941	64	10	,	,	PUNCT
cblr-10941	64	11	at	at	ADP
cblr-10941	64	12	242	242	NUM
cblr-10941	64	13	.	.	PUNCT
cblr-10941	64	14	13	13	NUM
cblr-10941	64	15	see	see	VERB
cblr-10941	64	16	generally	generally	ADV
cblr-10941	64	17	lucian	lucian	PROPN
cblr-10941	64	18	a.	a.	NOUN
cblr-10941	64	19	bebchuk	bebchuk	PROPN
cblr-10941	64	20	,	,	PUNCT
cblr-10941	64	21	the	the	DET
cblr-10941	64	22	myth	myth	NOUN
cblr-10941	64	23	that	that	SCONJ
cblr-10941	64	24	insulating	insulate	VERB
cblr-10941	64	25	boards	board	NOUN
cblr-10941	64	26	serves	serve	VERB
cblr-10941	64	27	long	long	ADJ
cblr-10941	64	28	-	-	PUNCT
cblr-10941	64	29	term	term	NOUN
cblr-10941	64	30	value	value	NOUN
cblr-10941	64	31	,	,	PUNCT
cblr-10941	64	32	113	113	NUM
cblr-10941	64	33	colum	colum	NOUN
cblr-10941	64	34	.	.	PUNCT
cblr-10941	65	1	l.	l.	PROPN
cblr-10941	65	2	rev	rev	PROPN
cblr-10941	65	3	.	.	PROPN
cblr-10941	65	4	1637	1637	NUM
cblr-10941	65	5	,	,	PUNCT
cblr-10941	65	6	1687	1687	NUM
cblr-10941	65	7	(	(	PUNCT
cblr-10941	65	8	2013	2013	NUM
cblr-10941	65	9	)	)	PUNCT
cblr-10941	65	10	;	;	PUNCT
cblr-10941	65	11	mark	mark	PROPN
cblr-10941	65	12	j.	j.	PROPN
cblr-10941	65	13	roe	roe	PROPN
cblr-10941	65	14	,	,	PUNCT
cblr-10941	65	15	stock	stock	NOUN
cblr-10941	65	16	market	market	NOUN
cblr-10941	65	17	short	short	ADJ
cblr-10941	65	18	-	-	PUNCT
cblr-10941	65	19	termism	termism	NOUN
cblr-10941	65	20	’s	’s	PART
cblr-10941	65	21	impact	impact	NOUN
cblr-10941	65	22	,	,	PUNCT
cblr-10941	65	23	167	167	NUM
cblr-10941	65	24	u.	u.	PROPN
cblr-10941	65	25	pa	pa	PROPN
cblr-10941	65	26	.	.	PUNCT
cblr-10941	65	27	l.	l.	PROPN
cblr-10941	65	28	rev	rev	PROPN
cblr-10941	65	29	.	.	PROPN
cblr-10941	65	30	71	71	NUM
cblr-10941	65	31	(	(	PUNCT
cblr-10941	65	32	2018	2018	NUM
cblr-10941	65	33	)	)	PUNCT
cblr-10941	65	34	.	.	PUNCT
cblr-10941	66	1	no	no	INTJ
cblr-10941	66	2	.	.	PUNCT
cblr-10941	67	1	2:859	2:859	NUM
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cblr-10941	67	3	moonshots	moonshot	NOUN
cblr-10941	67	4	863	863	NUM
cblr-10941	67	5	insulation	insulation	NOUN
cblr-10941	67	6	would	would	AUX
cblr-10941	67	7	lead	lead	VERB
cblr-10941	67	8	managers	manager	NOUN
cblr-10941	67	9	to	to	PART
cblr-10941	67	10	take	take	VERB
cblr-10941	67	11	excessive	excessive	ADJ
cblr-10941	67	12	pay	pay	NOUN
cblr-10941	67	13	and	and	CCONJ
cblr-10941	67	14	fund	fund	NOUN
cblr-10941	67	15	vanity	vanity	NOUN
cblr-10941	67	16	projects.14	projects.14	PROPN
cblr-10941	67	17	in	in	ADP
cblr-10941	67	18	recent	recent	ADJ
cblr-10941	67	19	years	year	NOUN
cblr-10941	67	20	,	,	PUNCT
cblr-10941	67	21	empirical	empirical	ADJ
cblr-10941	67	22	research	research	NOUN
cblr-10941	67	23	has	have	AUX
cblr-10941	67	24	bolstered	bolster	VERB
cblr-10941	67	25	the	the	DET
cblr-10941	67	26	skeptics	skeptic	NOUN
cblr-10941	67	27	’	'	PUNCT
cblr-10941	67	28	position	position	NOUN
cblr-10941	67	29	.	.	PUNCT
cblr-10941	68	1	studies	study	NOUN
cblr-10941	68	2	have	have	AUX
cblr-10941	68	3	shown	show	VERB
cblr-10941	68	4	that	that	SCONJ
cblr-10941	68	5	board	board	NOUN
cblr-10941	68	6	insulation	insulation	NOUN
cblr-10941	68	7	do	do	AUX
cblr-10941	68	8	n’t	not	PART
cblr-10941	68	9	increase	increase	VERB
cblr-10941	68	10	long	long	ADJ
cblr-10941	68	11	-	-	PUNCT
cblr-10941	68	12	term	term	NOUN
cblr-10941	68	13	shareholder	shareholder	NOUN
cblr-10941	68	14	value.15	value.15	PROPN
cblr-10941	68	15	yet	yet	CCONJ
cblr-10941	68	16	studies	study	NOUN
cblr-10941	68	17	have	have	AUX
cblr-10941	68	18	also	also	ADV
cblr-10941	68	19	shown	show	VERB
cblr-10941	68	20	that	that	SCONJ
cblr-10941	68	21	firms	firm	NOUN
cblr-10941	68	22	targeted	target	VERB
cblr-10941	68	23	by	by	ADP
cblr-10941	68	24	activist	activist	ADJ
cblr-10941	68	25	hedge	hedge	NOUN
cblr-10941	68	26	funds	fund	NOUN
cblr-10941	68	27	are	be	AUX
cblr-10941	68	28	more	more	ADV
cblr-10941	68	29	likely	likely	ADJ
cblr-10941	68	30	to	to	PART
cblr-10941	68	31	cut	cut	VERB
cblr-10941	68	32	spending	spending	NOUN
cblr-10941	68	33	for	for	ADP
cblr-10941	68	34	research	research	NOUN
cblr-10941	68	35	and	and	CCONJ
cblr-10941	68	36	development	development	NOUN
cblr-10941	68	37	(	(	PUNCT
cblr-10941	68	38	r&d	r&d	NOUN
cblr-10941	68	39	)	)	PUNCT
cblr-10941	68	40	,	,	PUNCT
cblr-10941	68	41	just	just	ADV
cblr-10941	68	42	as	as	SCONJ
cblr-10941	68	43	the	the	DET
cblr-10941	68	44	short	short	ADJ
cblr-10941	68	45	-	-	PUNCT
cblr-10941	68	46	termists	termist	NOUN
cblr-10941	68	47	claim.16	claim.16	NOUN
cblr-10941	68	48	these	these	DET
cblr-10941	68	49	results	result	NOUN
cblr-10941	68	50	suggest	suggest	VERB
cblr-10941	68	51	that	that	SCONJ
cblr-10941	68	52	the	the	DET
cblr-10941	68	53	short	short	ADJ
cblr-10941	68	54	-	-	PUNCT
cblr-10941	68	55	termist	termist	NOUN
cblr-10941	68	56	critique	critique	NOUN
cblr-10941	68	57	may	may	AUX
cblr-10941	68	58	be	be	AUX
cblr-10941	68	59	missing	miss	VERB
cblr-10941	68	60	important	important	ADJ
cblr-10941	68	61	nuance	nuance	NOUN
cblr-10941	68	62	.	.	PUNCT
cblr-10941	69	1	it	it	PRON
cblr-10941	69	2	’s	’	VERB
cblr-10941	69	3	possible	possible	ADJ
cblr-10941	69	4	that	that	SCONJ
cblr-10941	69	5	managers	manager	NOUN
cblr-10941	69	6	may	may	AUX
cblr-10941	69	7	be	be	AUX
cblr-10941	69	8	passing	pass	VERB
cblr-10941	69	9	on	on	ADP
cblr-10941	69	10	certain	certain	ADJ
cblr-10941	69	11	valuable	valuable	ADJ
cblr-10941	69	12	long	long	ADJ
cblr-10941	69	13	-	-	PUNCT
cblr-10941	69	14	term	term	NOUN
cblr-10941	69	15	investments	investment	NOUN
cblr-10941	69	16	,	,	PUNCT
cblr-10941	69	17	but	but	CCONJ
cblr-10941	69	18	board	board	NOUN
cblr-10941	69	19	insulation	insulation	NOUN
cblr-10941	69	20	is	be	AUX
cblr-10941	69	21	too	too	ADV
cblr-10941	69	22	blunt	blunt	ADJ
cblr-10941	69	23	an	an	DET
cblr-10941	69	24	instrument	instrument	NOUN
cblr-10941	69	25	to	to	PART
cblr-10941	69	26	solve	solve	VERB
cblr-10941	69	27	the	the	DET
cblr-10941	69	28	problem	problem	NOUN
cblr-10941	69	29	.	.	PUNCT
cblr-10941	70	1	in	in	ADP
cblr-10941	70	2	this	this	DET
cblr-10941	70	3	article	article	NOUN
cblr-10941	70	4	,	,	PUNCT
cblr-10941	70	5	i	i	PRON
cblr-10941	70	6	defend	defend	VERB
cblr-10941	70	7	a	a	DET
cblr-10941	70	8	more	more	ADV
cblr-10941	70	9	modest	modest	ADJ
cblr-10941	70	10	and	and	CCONJ
cblr-10941	70	11	specific	specific	ADJ
cblr-10941	70	12	short	short	ADJ
cblr-10941	70	13	-	-	PUNCT
cblr-10941	70	14	termist	termist	NOUN
cblr-10941	70	15	argument	argument	NOUN
cblr-10941	70	16	,	,	PUNCT
cblr-10941	70	17	one	one	NUM
cblr-10941	70	18	that	that	PRON
cblr-10941	70	19	i	i	PRON
cblr-10941	70	20	hope	hope	VERB
cblr-10941	70	21	the	the	DET
cblr-10941	70	22	skeptics	skeptic	NOUN
cblr-10941	70	23	will	will	AUX
cblr-10941	70	24	embrace	embrace	VERB
cblr-10941	70	25	.	.	PUNCT
cblr-10941	71	1	i	i	PRON
cblr-10941	71	2	argue	argue	VERB
cblr-10941	71	3	that	that	SCONJ
cblr-10941	71	4	moonshots	moonshot	NOUN
cblr-10941	71	5	present	present	ADJ
cblr-10941	71	6	agency	agency	NOUN
cblr-10941	71	7	problems	problem	NOUN
cblr-10941	71	8	that	that	SCONJ
cblr-10941	71	9	other	other	ADJ
cblr-10941	71	10	long	long	ADJ
cblr-10941	71	11	-	-	PUNCT
cblr-10941	71	12	term	term	NOUN
cblr-10941	71	13	projects	project	NOUN
cblr-10941	71	14	do	do	AUX
cblr-10941	71	15	n’t	not	PART
cblr-10941	71	16	create	create	VERB
cblr-10941	71	17	.	.	PUNCT
cblr-10941	72	1	then	then	ADV
cblr-10941	72	2	i	i	PRON
cblr-10941	72	3	show	show	VERB
cblr-10941	72	4	how	how	SCONJ
cblr-10941	72	5	the	the	DET
cblr-10941	72	6	market	market	NOUN
cblr-10941	72	7	has	have	AUX
cblr-10941	72	8	developed	develop	VERB
cblr-10941	72	9	a	a	DET
cblr-10941	72	10	new	new	ADJ
cblr-10941	72	11	corporate	corporate	ADJ
cblr-10941	72	12	structure	structure	NOUN
cblr-10941	72	13	designed	design	VERB
cblr-10941	72	14	to	to	PART
cblr-10941	72	15	address	address	VERB
cblr-10941	72	16	these	these	DET
cblr-10941	72	17	problems	problem	NOUN
cblr-10941	72	18	,	,	PUNCT
cblr-10941	72	19	which	which	PRON
cblr-10941	72	20	relies	rely	VERB
cblr-10941	72	21	on	on	ADP
cblr-10941	72	22	a	a	DET
cblr-10941	72	23	more	more	ADV
cblr-10941	72	24	subtle	subtle	ADJ
cblr-10941	72	25	form	form	NOUN
cblr-10941	72	26	of	of	ADP
cblr-10941	72	27	insulation	insulation	NOUN
cblr-10941	72	28	.	.	PUNCT
cblr-10941	73	1	a	a	DET
cblr-10941	73	2	company	company	NOUN
cblr-10941	73	3	attempting	attempt	VERB
cblr-10941	73	4	a	a	DET
cblr-10941	73	5	moonshot	moonshot	NOUN
cblr-10941	73	6	confronts	confront	VERB
cblr-10941	73	7	extreme	extreme	ADJ
cblr-10941	73	8	uncertainty	uncertainty	NOUN
cblr-10941	73	9	.	.	PUNCT
cblr-10941	74	1	the	the	DET
cblr-10941	74	2	company	company	NOUN
cblr-10941	74	3	’s	’s	PART
cblr-10941	74	4	managers	manager	NOUN
cblr-10941	74	5	might	might	AUX
cblr-10941	74	6	not	not	PART
cblr-10941	74	7	learn	learn	VERB
cblr-10941	74	8	for	for	ADP
cblr-10941	74	9	years	year	NOUN
cblr-10941	74	10	if	if	SCONJ
cblr-10941	74	11	the	the	DET
cblr-10941	74	12	technology	technology	NOUN
cblr-10941	74	13	will	will	AUX
cblr-10941	74	14	work	work	VERB
cblr-10941	74	15	,	,	PUNCT
cblr-10941	74	16	if	if	SCONJ
cblr-10941	74	17	consumers	consumer	NOUN
cblr-10941	74	18	will	will	AUX
cblr-10941	74	19	demand	demand	VERB
cblr-10941	74	20	it	it	PRON
cblr-10941	74	21	,	,	PUNCT
cblr-10941	74	22	or	or	CCONJ
cblr-10941	74	23	if	if	SCONJ
cblr-10941	74	24	it	it	PRON
cblr-10941	74	25	will	will	AUX
cblr-10941	74	26	ultimately	ultimately	ADV
cblr-10941	74	27	be	be	AUX
cblr-10941	74	28	profitable	profitable	ADJ
cblr-10941	74	29	.	.	PUNCT
cblr-10941	75	1	the	the	DET
cblr-10941	75	2	uncertainty	uncertainty	NOUN
cblr-10941	75	3	creates	create	VERB
cblr-10941	75	4	two	two	NUM
cblr-10941	75	5	overlapping	overlap	VERB
cblr-10941	75	6	agency	agency	NOUN
cblr-10941	75	7	problems	problem	NOUN
cblr-10941	75	8	.	.	PUNCT
cblr-10941	76	1	the	the	DET
cblr-10941	76	2	first	first	ADJ
cblr-10941	76	3	is	be	AUX
cblr-10941	76	4	a	a	DET
cblr-10941	76	5	monitoring	monitoring	NOUN
cblr-10941	76	6	problem	problem	NOUN
cblr-10941	76	7	:	:	PUNCT
cblr-10941	76	8	shareholders	shareholder	NOUN
cblr-10941	76	9	ca	can	AUX
cblr-10941	76	10	n’t	not	AUX
cblr-10941	76	11	easily	easily	ADV
cblr-10941	76	12	observe	observe	VERB
cblr-10941	76	13	the	the	DET
cblr-10941	76	14	performance	performance	NOUN
cblr-10941	76	15	of	of	ADP
cblr-10941	76	16	the	the	DET
cblr-10941	76	17	managers	manager	NOUN
cblr-10941	76	18	overseeing	oversee	VERB
cblr-10941	76	19	the	the	DET
cblr-10941	76	20	project.17	project.17	NOUN
cblr-10941	76	21	the	the	DET
cblr-10941	76	22	second	second	NOUN
cblr-10941	76	23	is	be	AUX
cblr-10941	76	24	a	a	DET
cblr-10941	76	25	motivation	motivation	NOUN
cblr-10941	76	26	problem	problem	NOUN
cblr-10941	76	27	:	:	PUNCT
cblr-10941	76	28	managers	manager	NOUN
cblr-10941	76	29	ca	can	AUX
cblr-10941	76	30	n’t	not	PART
cblr-10941	76	31	give	give	VERB
cblr-10941	76	32	their	their	PRON
cblr-10941	76	33	employees	employee	NOUN
cblr-10941	76	34	the	the	DET
cblr-10941	76	35	14	14	NUM
cblr-10941	76	36	see	see	NOUN
cblr-10941	76	37	bebchuk	bebchuk	NOUN
cblr-10941	76	38	,	,	PUNCT
cblr-10941	76	39	supra	supra	PROPN
cblr-10941	76	40	note	note	NOUN
cblr-10941	76	41	13	13	NUM
cblr-10941	76	42	,	,	PUNCT
cblr-10941	76	43	at	at	ADP
cblr-10941	76	44	1679	1679	NUM
cblr-10941	76	45	.	.	PUNCT
cblr-10941	77	1	15	15	NUM
cblr-10941	77	2	see	see	VERB
cblr-10941	77	3	,	,	PUNCT
cblr-10941	77	4	e.g.	e.g.	ADV
cblr-10941	77	5	,	,	PUNCT
cblr-10941	77	6	lucian	lucian	PROPN
cblr-10941	77	7	a.	a.	PROPN
cblr-10941	77	8	bebchuk	bebchuk	PROPN
cblr-10941	77	9	et	et	PROPN
cblr-10941	77	10	al	al	PROPN
cblr-10941	77	11	.	.	PROPN
cblr-10941	77	12	,	,	PUNCT
cblr-10941	77	13	the	the	DET
cblr-10941	77	14	long	long	ADJ
cblr-10941	77	15	-	-	PUNCT
cblr-10941	77	16	term	term	NOUN
cblr-10941	77	17	effects	effect	NOUN
cblr-10941	77	18	of	of	ADP
cblr-10941	77	19	hedge	hedge	NOUN
cblr-10941	77	20	fund	fund	NOUN
cblr-10941	77	21	activism	activism	NOUN
cblr-10941	77	22	,	,	PUNCT
cblr-10941	77	23	115	115	NUM
cblr-10941	77	24	colum	colum	NOUN
cblr-10941	77	25	.	.	PUNCT
cblr-10941	78	1	l.	l.	PROPN
cblr-10941	78	2	rev	rev	PROPN
cblr-10941	78	3	.	.	PROPN
cblr-10941	78	4	1085	1085	NUM
cblr-10941	78	5	,	,	PUNCT
cblr-10941	78	6	1103–06	1103–06	NUM
cblr-10941	78	7	(	(	PUNCT
cblr-10941	78	8	2015	2015	NUM
cblr-10941	78	9	)	)	PUNCT
cblr-10941	78	10	.	.	PUNCT
cblr-10941	79	1	16	16	NUM
cblr-10941	79	2	see	see	VERB
cblr-10941	79	3	john	john	PROPN
cblr-10941	79	4	c.	c.	PROPN
cblr-10941	79	5	coffee	coffee	PROPN
cblr-10941	79	6	,	,	PUNCT
cblr-10941	79	7	jr	jr	PROPN
cblr-10941	79	8	.	.	PROPN
cblr-10941	79	9	&	&	CCONJ
cblr-10941	79	10	darius	darius	PROPN
cblr-10941	79	11	palia	palia	PROPN
cblr-10941	79	12	,	,	PUNCT
cblr-10941	79	13	the	the	DET
cblr-10941	79	14	wolf	wolf	NOUN
cblr-10941	79	15	at	at	ADP
cblr-10941	79	16	the	the	DET
cblr-10941	79	17	door	door	NOUN
cblr-10941	79	18	:	:	PUNCT
cblr-10941	79	19	the	the	DET
cblr-10941	79	20	impact	impact	NOUN
cblr-10941	79	21	of	of	ADP
cblr-10941	79	22	hedge	hedge	NOUN
cblr-10941	79	23	fund	fund	NOUN
cblr-10941	79	24	activism	activism	NOUN
cblr-10941	79	25	on	on	ADP
cblr-10941	79	26	corporate	corporate	ADJ
cblr-10941	79	27	governance	governance	NOUN
cblr-10941	79	28	,	,	PUNCT
cblr-10941	79	29	41	41	NUM
cblr-10941	79	30	j.	j.	PROPN
cblr-10941	79	31	corp	corp	PROPN
cblr-10941	79	32	.	.	PROPN
cblr-10941	79	33	l.	l.	PROPN
cblr-10941	79	34	545	545	NUM
cblr-10941	79	35	,	,	PUNCT
cblr-10941	79	36	574–77	574–77	PROPN
cblr-10941	79	37	(	(	PUNCT
cblr-10941	79	38	2016	2016	NUM
cblr-10941	79	39	)	)	PUNCT
cblr-10941	79	40	.	.	PUNCT
cblr-10941	80	1	17	17	NUM
cblr-10941	80	2	see	see	VERB
cblr-10941	80	3	zohar	zohar	PROPN
cblr-10941	80	4	goshen	goshen	PROPN
cblr-10941	80	5	&	&	CCONJ
cblr-10941	80	6	assaf	assaf	PROPN
cblr-10941	80	7	hamdani	hamdani	PROPN
cblr-10941	80	8	,	,	PUNCT
cblr-10941	80	9	corporate	corporate	ADJ
cblr-10941	80	10	control	control	NOUN
cblr-10941	80	11	and	and	CCONJ
cblr-10941	80	12	idiosyncratic	idiosyncratic	ADJ
cblr-10941	80	13	vision	vision	NOUN
cblr-10941	80	14	,	,	PUNCT
cblr-10941	80	15	125	125	NUM
cblr-10941	80	16	yale	yale	PROPN
cblr-10941	80	17	l.j	l.j	PROPN
cblr-10941	80	18	.	.	PROPN
cblr-10941	80	19	560	560	NUM
cblr-10941	80	20	,	,	PUNCT
cblr-10941	80	21	579–83	579–83	NOUN
cblr-10941	80	22	(	(	PUNCT
cblr-10941	80	23	2016	2016	NUM
cblr-10941	80	24	)	)	PUNCT
cblr-10941	80	25	(	(	PUNCT
cblr-10941	80	26	arguing	argue	VERB
cblr-10941	80	27	that	that	SCONJ
cblr-10941	80	28	agency	agency	NOUN
cblr-10941	80	29	costs	cost	NOUN
cblr-10941	80	30	between	between	ADP
cblr-10941	80	31	investors	investor	NOUN
cblr-10941	80	32	and	and	CCONJ
cblr-10941	80	33	entrepreneurs	entrepreneur	NOUN
cblr-10941	80	34	can	can	AUX
cblr-10941	80	35	prevent	prevent	VERB
cblr-10941	80	36	entrepreneurs	entrepreneur	NOUN
cblr-10941	80	37	from	from	ADP
cblr-10941	80	38	realizing	realize	VERB
cblr-10941	80	39	their	their	PRON
cblr-10941	80	40	idiosyncratic	idiosyncratic	ADJ
cblr-10941	80	41	vision	vision	NOUN
cblr-10941	80	42	)	)	PUNCT
cblr-10941	80	43	;	;	PUNCT
cblr-10941	80	44	michael	michael	PROPN
cblr-10941	80	45	c.	c.	PROPN
cblr-10941	80	46	jensen	jensen	PROPN
cblr-10941	80	47	&	&	CCONJ
cblr-10941	80	48	william	william	PROPN
cblr-10941	80	49	h.	h.	PROPN
cblr-10941	80	50	meckling	meckling	PROPN
cblr-10941	80	51	,	,	PUNCT
cblr-10941	80	52	theory	theory	NOUN
cblr-10941	80	53	of	of	ADP
cblr-10941	80	54	the	the	DET
cblr-10941	80	55	firm	firm	NOUN
cblr-10941	80	56	:	:	PUNCT
cblr-10941	80	57	managerial	managerial	ADJ
cblr-10941	80	58	behavior	behavior	NOUN
cblr-10941	80	59	,	,	PUNCT
cblr-10941	80	60	agency	agency	NOUN
cblr-10941	80	61	costs	cost	NOUN
cblr-10941	80	62	and	and	CCONJ
cblr-10941	80	63	ownership	ownership	NOUN
cblr-10941	80	64	structure	structure	NOUN
cblr-10941	80	65	,	,	PUNCT
cblr-10941	80	66	3	3	NUM
cblr-10941	80	67	j.	j.	PROPN
cblr-10941	80	68	fin	fin	PROPN
cblr-10941	80	69	.	.	PUNCT
cblr-10941	80	70	econ	econ	PROPN
cblr-10941	80	71	.	.	PUNCT
cblr-10941	81	1	305	305	NUM
cblr-10941	81	2	,	,	PUNCT
cblr-10941	81	3	312–30	312–30	NUM
cblr-10941	81	4	(	(	PUNCT
cblr-10941	81	5	1976	1976	NUM
cblr-10941	81	6	)	)	PUNCT
cblr-10941	81	7	(	(	PUNCT
cblr-10941	81	8	modeling	model	VERB
cblr-10941	81	9	the	the	DET
cblr-10941	81	10	firm	firm	NOUN
cblr-10941	81	11	as	as	ADP
cblr-10941	81	12	an	an	DET
cblr-10941	81	13	agency	agency	NOUN
cblr-10941	81	14	relationship	relationship	NOUN
cblr-10941	81	15	with	with	ADP
cblr-10941	81	16	the	the	DET
cblr-10941	81	17	owner	owner	NOUN
cblr-10941	81	18	as	as	ADP
cblr-10941	81	19	the	the	DET
cblr-10941	81	20	principal	principal	NOUN
cblr-10941	81	21	and	and	CCONJ
cblr-10941	81	22	the	the	DET
cblr-10941	81	23	manager	manager	NOUN
cblr-10941	81	24	as	as	ADP
cblr-10941	81	25	the	the	DET
cblr-10941	81	26	agent	agent	NOUN
cblr-10941	81	27	and	and	CCONJ
cblr-10941	81	28	emphasizing	emphasize	VERB
cblr-10941	81	29	the	the	DET
cblr-10941	81	30	owner	owner	NOUN
cblr-10941	81	31	’s	’s	PART
cblr-10941	81	32	monitoring	monitoring	NOUN
cblr-10941	81	33	costs	cost	NOUN
cblr-10941	81	34	)	)	PUNCT
cblr-10941	81	35	.	.	PUNCT
cblr-10941	82	1	864	864	NUM
cblr-10941	82	2	columbia	columbia	PROPN
cblr-10941	82	3	business	business	NOUN
cblr-10941	82	4	law	law	PROPN
cblr-10941	82	5	review	review	NOUN
cblr-10941	82	6	[	[	X
cblr-10941	82	7	vol	vol	NOUN
cblr-10941	82	8	.	.	PUNCT
cblr-10941	82	9	2022	2022	NUM
cblr-10941	82	10	right	right	ADJ
cblr-10941	82	11	incentives	incentive	NOUN
cblr-10941	82	12	to	to	PART
cblr-10941	82	13	bring	bring	VERB
cblr-10941	82	14	the	the	DET
cblr-10941	82	15	technology	technology	NOUN
cblr-10941	82	16	to	to	ADP
cblr-10941	82	17	market.18	market.18	NOUN
cblr-10941	82	18	managers	manager	NOUN
cblr-10941	82	19	who	who	PRON
cblr-10941	82	20	anticipate	anticipate	VERB
cblr-10941	82	21	these	these	DET
cblr-10941	82	22	agency	agency	NOUN
cblr-10941	82	23	problems	problem	NOUN
cblr-10941	82	24	wo	will	AUX
cblr-10941	82	25	n’t	not	PART
cblr-10941	82	26	invest	invest	VERB
cblr-10941	82	27	in	in	ADP
cblr-10941	82	28	a	a	DET
cblr-10941	82	29	moonshot	moonshot	NOUN
cblr-10941	82	30	even	even	ADV
cblr-10941	82	31	if	if	SCONJ
cblr-10941	82	32	they	they	PRON
cblr-10941	82	33	believe	believe	VERB
cblr-10941	82	34	it	it	PRON
cblr-10941	82	35	has	have	VERB
cblr-10941	82	36	a	a	DET
cblr-10941	82	37	positive	positive	ADJ
cblr-10941	82	38	net	net	ADJ
cblr-10941	82	39	present	present	ADJ
cblr-10941	82	40	value	value	NOUN
cblr-10941	82	41	.	.	PUNCT
cblr-10941	83	1	the	the	DET
cblr-10941	83	2	monitoring	monitoring	NOUN
cblr-10941	83	3	problem	problem	NOUN
cblr-10941	83	4	arises	arise	VERB
cblr-10941	83	5	because	because	SCONJ
cblr-10941	83	6	the	the	DET
cblr-10941	83	7	process	process	NOUN
cblr-10941	83	8	of	of	ADP
cblr-10941	83	9	commercializing	commercialize	VERB
cblr-10941	83	10	a	a	DET
cblr-10941	83	11	new	new	ADJ
cblr-10941	83	12	technology	technology	NOUN
cblr-10941	83	13	does	do	AUX
cblr-10941	83	14	n’t	not	PART
cblr-10941	83	15	always	always	ADV
cblr-10941	83	16	generate	generate	VERB
cblr-10941	83	17	interim	interim	ADJ
cblr-10941	83	18	feedback	feedback	NOUN
cblr-10941	83	19	that	that	PRON
cblr-10941	83	20	would	would	AUX
cblr-10941	83	21	reassure	reassure	VERB
cblr-10941	83	22	shareholders.19	shareholders.19	NOUN
cblr-10941	83	23	investors	investor	NOUN
cblr-10941	83	24	are	be	AUX
cblr-10941	83	25	often	often	ADV
cblr-10941	83	26	willing	willing	ADJ
cblr-10941	83	27	to	to	PART
cblr-10941	83	28	finance	finance	VERB
cblr-10941	83	29	an	an	DET
cblr-10941	83	30	innovation	innovation	NOUN
cblr-10941	83	31	project	project	NOUN
cblr-10941	83	32	when	when	SCONJ
cblr-10941	83	33	early	early	ADJ
cblr-10941	83	34	results	result	NOUN
cblr-10941	83	35	from	from	ADP
cblr-10941	83	36	the	the	DET
cblr-10941	83	37	project	project	NOUN
cblr-10941	83	38	—	—	PUNCT
cblr-10941	83	39	revenue	revenue	NOUN
cblr-10941	83	40	trends	trend	NOUN
cblr-10941	83	41	,	,	PUNCT
cblr-10941	83	42	user	user	NOUN
cblr-10941	83	43	growth	growth	NOUN
cblr-10941	83	44	,	,	PUNCT
cblr-10941	83	45	clinical	clinical	ADJ
cblr-10941	83	46	trial	trial	NOUN
cblr-10941	83	47	data	datum	NOUN
cblr-10941	83	48	—	—	PUNCT
cblr-10941	83	49	reliably	reliably	ADV
cblr-10941	83	50	indicate	indicate	VERB
cblr-10941	83	51	future	future	ADJ
cblr-10941	83	52	profitability	profitability	NOUN
cblr-10941	83	53	.	.	PUNCT
cblr-10941	84	1	but	but	CCONJ
cblr-10941	84	2	moonshots	moonshot	NOUN
cblr-10941	84	3	can	can	AUX
cblr-10941	84	4	require	require	VERB
cblr-10941	84	5	years	year	NOUN
cblr-10941	84	6	of	of	ADP
cblr-10941	84	7	unstructured	unstructured	ADJ
cblr-10941	84	8	experimentation	experimentation	NOUN
cblr-10941	84	9	,	,	PUNCT
cblr-10941	84	10	and	and	CCONJ
cblr-10941	84	11	they	they	PRON
cblr-10941	84	12	can	can	AUX
cblr-10941	84	13	target	target	VERB
cblr-10941	84	14	untested	untested	ADJ
cblr-10941	84	15	markets	market	NOUN
cblr-10941	84	16	.	.	PUNCT
cblr-10941	85	1	managers	manager	NOUN
cblr-10941	85	2	might	might	AUX
cblr-10941	85	3	be	be	AUX
cblr-10941	85	4	unable	unable	ADJ
cblr-10941	85	5	or	or	CCONJ
cblr-10941	85	6	unwilling	unwilling	ADJ
cblr-10941	85	7	to	to	PART
cblr-10941	85	8	share	share	VERB
cblr-10941	85	9	the	the	DET
cblr-10941	85	10	information	information	NOUN
cblr-10941	85	11	that	that	PRON
cblr-10941	85	12	gives	give	VERB
cblr-10941	85	13	them	they	PRON
cblr-10941	85	14	confidence	confidence	NOUN
cblr-10941	85	15	in	in	ADP
cblr-10941	85	16	the	the	DET
cblr-10941	85	17	project	project	NOUN
cblr-10941	85	18	because	because	SCONJ
cblr-10941	85	19	the	the	DET
cblr-10941	85	20	information	information	NOUN
cblr-10941	85	21	is	be	AUX
cblr-10941	85	22	qualitative	qualitative	ADJ
cblr-10941	85	23	,	,	PUNCT
cblr-10941	85	24	tacit	tacit	NOUN
cblr-10941	85	25	,	,	PUNCT
cblr-10941	85	26	or	or	CCONJ
cblr-10941	85	27	confidential	confidential	ADJ
cblr-10941	85	28	.	.	PUNCT
cblr-10941	86	1	when	when	SCONJ
cblr-10941	86	2	managers	manager	NOUN
cblr-10941	86	3	worry	worry	VERB
cblr-10941	86	4	that	that	SCONJ
cblr-10941	86	5	they	they	PRON
cblr-10941	86	6	wo	will	AUX
cblr-10941	86	7	n’t	not	PART
cblr-10941	86	8	be	be	AUX
cblr-10941	86	9	able	able	ADJ
cblr-10941	86	10	to	to	PART
cblr-10941	86	11	reduce	reduce	VERB
cblr-10941	86	12	this	this	DET
cblr-10941	86	13	information	information	NOUN
cblr-10941	86	14	asymmetry	asymmetry	NOUN
cblr-10941	86	15	quickly	quickly	ADV
cblr-10941	86	16	enough	enough	ADV
cblr-10941	86	17	to	to	PART
cblr-10941	86	18	convince	convince	VERB
cblr-10941	86	19	shareholders	shareholder	NOUN
cblr-10941	86	20	that	that	SCONJ
cblr-10941	86	21	they	they	PRON
cblr-10941	86	22	are	be	AUX
cblr-10941	86	23	faithful	faithful	ADJ
cblr-10941	86	24	agents	agent	NOUN
cblr-10941	86	25	,	,	PUNCT
cblr-10941	86	26	they	they	PRON
cblr-10941	86	27	wo	will	AUX
cblr-10941	86	28	n’t	not	PART
cblr-10941	86	29	greenlight	greenlight	VERB
cblr-10941	86	30	the	the	DET
cblr-10941	86	31	project	project	NOUN
cblr-10941	86	32	.	.	PUNCT
cblr-10941	87	1	the	the	DET
cblr-10941	87	2	motivation	motivation	NOUN
cblr-10941	87	3	problem	problem	NOUN
cblr-10941	87	4	arises	arise	VERB
cblr-10941	87	5	because	because	SCONJ
cblr-10941	87	6	managers	manager	NOUN
cblr-10941	87	7	ca	can	AUX
cblr-10941	87	8	n’t	not	PART
cblr-10941	87	9	easily	easily	ADV
cblr-10941	87	10	give	give	VERB
cblr-10941	87	11	employees	employee	NOUN
cblr-10941	87	12	the	the	DET
cblr-10941	87	13	incentives	incentive	NOUN
cblr-10941	87	14	to	to	PART
cblr-10941	87	15	bring	bring	VERB
cblr-10941	87	16	the	the	DET
cblr-10941	87	17	new	new	ADJ
cblr-10941	87	18	technology	technology	NOUN
cblr-10941	87	19	to	to	ADP
cblr-10941	87	20	market.20	market.20	PROPN
cblr-10941	87	21	managers	manager	NOUN
cblr-10941	87	22	may	may	AUX
cblr-10941	87	23	fear	fear	VERB
cblr-10941	87	24	that	that	SCONJ
cblr-10941	87	25	employees	employee	NOUN
cblr-10941	87	26	will	will	AUX
cblr-10941	87	27	treat	treat	VERB
cblr-10941	87	28	the	the	DET
cblr-10941	87	29	project	project	NOUN
cblr-10941	87	30	like	like	ADP
cblr-10941	87	31	academic	academic	ADJ
cblr-10941	87	32	research	research	NOUN
cblr-10941	87	33	—	—	PUNCT
cblr-10941	87	34	an	an	DET
cblr-10941	87	35	exploration	exploration	NOUN
cblr-10941	87	36	of	of	ADP
cblr-10941	87	37	interesting	interesting	ADJ
cblr-10941	87	38	ideas	idea	NOUN
cblr-10941	87	39	,	,	PUNCT
cblr-10941	87	40	rather	rather	ADV
cblr-10941	87	41	than	than	ADP
cblr-10941	87	42	a	a	DET
cblr-10941	87	43	focused	focused	ADJ
cblr-10941	87	44	effort	effort	NOUN
cblr-10941	87	45	to	to	PART
cblr-10941	87	46	build	build	VERB
cblr-10941	87	47	a	a	DET
cblr-10941	87	48	profitable	profitable	ADJ
cblr-10941	87	49	product	product	NOUN
cblr-10941	87	50	.	.	PUNCT
cblr-10941	88	1	managers	manager	NOUN
cblr-10941	88	2	could	could	AUX
cblr-10941	88	3	overcome	overcome	VERB
cblr-10941	88	4	this	this	DET
cblr-10941	88	5	agency	agency	NOUN
cblr-10941	88	6	problem	problem	NOUN
cblr-10941	88	7	if	if	SCONJ
cblr-10941	88	8	they	they	PRON
cblr-10941	88	9	gave	give	VERB
cblr-10941	88	10	the	the	DET
cblr-10941	88	11	employees	employee	NOUN
cblr-10941	88	12	a	a	DET
cblr-10941	88	13	financial	financial	ADJ
cblr-10941	88	14	stake	stake	NOUN
cblr-10941	88	15	in	in	ADP
cblr-10941	88	16	the	the	DET
cblr-10941	88	17	moonshot	moonshot	PROPN
cblr-10941	88	18	’s	’s	PART
cblr-10941	88	19	future	future	ADJ
cblr-10941	88	20	profits	profit	NOUN
cblr-10941	88	21	.	.	PUNCT
cblr-10941	89	1	but	but	CCONJ
cblr-10941	89	2	it	it	PRON
cblr-10941	89	3	’s	’	VERB
cblr-10941	89	4	hard	hard	ADV
cblr-10941	89	5	to	to	PART
cblr-10941	89	6	do	do	VERB
cblr-10941	89	7	that	that	PRON
cblr-10941	89	8	if	if	SCONJ
cblr-10941	89	9	the	the	DET
cblr-10941	89	10	project	project	NOUN
cblr-10941	89	11	is	be	AUX
cblr-10941	89	12	housed	house	VERB
cblr-10941	89	13	inside	inside	ADP
cblr-10941	89	14	a	a	DET
cblr-10941	89	15	larger	large	ADJ
cblr-10941	89	16	company	company	NOUN
cblr-10941	89	17	.	.	PUNCT
cblr-10941	90	1	managers	manager	NOUN
cblr-10941	90	2	ca	can	AUX
cblr-10941	90	3	n’t	not	PART
cblr-10941	90	4	properly	properly	ADV
cblr-10941	90	5	motivate	motivate	VERB
cblr-10941	90	6	the	the	DET
cblr-10941	90	7	employees	employee	NOUN
cblr-10941	90	8	by	by	ADP
cblr-10941	90	9	rewarding	reward	VERB
cblr-10941	90	10	them	they	PRON
cblr-10941	90	11	with	with	ADP
cblr-10941	90	12	the	the	DET
cblr-10941	90	13	company	company	NOUN
cblr-10941	90	14	’s	’s	PART
cblr-10941	90	15	stock	stock	NOUN
cblr-10941	90	16	,	,	PUNCT
cblr-10941	90	17	because	because	SCONJ
cblr-10941	90	18	its	its	PRON
cblr-10941	90	19	price	price	NOUN
cblr-10941	90	20	would	would	AUX
cblr-10941	90	21	n’t	not	PART
cblr-10941	90	22	track	track	VERB
cblr-10941	90	23	the	the	DET
cblr-10941	90	24	value	value	NOUN
cblr-10941	90	25	of	of	ADP
cblr-10941	90	26	the	the	DET
cblr-10941	90	27	moonshot	moonshot	NOUN
cblr-10941	90	28	alone	alone	ADV
cblr-10941	90	29	.	.	PUNCT
cblr-10941	91	1	it	it	PRON
cblr-10941	91	2	would	would	AUX
cblr-10941	91	3	fluctuate	fluctuate	VERB
cblr-10941	91	4	with	with	ADP
cblr-10941	91	5	changes	change	NOUN
cblr-10941	91	6	in	in	ADP
cblr-10941	91	7	the	the	DET
cblr-10941	91	8	value	value	NOUN
cblr-10941	91	9	of	of	ADP
cblr-10941	91	10	the	the	DET
cblr-10941	91	11	company	company	NOUN
cblr-10941	91	12	’s	’s	PART
cblr-10941	91	13	existing	exist	VERB
cblr-10941	91	14	lines	line	NOUN
cblr-10941	91	15	of	of	ADP
cblr-10941	91	16	businesses	business	NOUN
cblr-10941	91	17	.	.	PUNCT
cblr-10941	92	1	managers	manager	NOUN
cblr-10941	92	2	also	also	ADV
cblr-10941	92	3	ca	can	AUX
cblr-10941	92	4	n’t	not	PART
cblr-10941	92	5	create	create	VERB
cblr-10941	92	6	stock	stock	NOUN
cblr-10941	92	7	that	that	PRON
cblr-10941	92	8	directly	directly	ADV
cblr-10941	92	9	tracks	track	VERB
cblr-10941	92	10	the	the	DET
cblr-10941	92	11	value	value	NOUN
cblr-10941	92	12	of	of	ADP
cblr-10941	92	13	the	the	DET
cblr-10941	92	14	18	18	NUM
cblr-10941	92	15	see	see	NOUN
cblr-10941	92	16	joseph	joseph	PROPN
cblr-10941	92	17	bankman	bankman	PROPN
cblr-10941	92	18	&	&	CCONJ
cblr-10941	92	19	ronald	ronald	PROPN
cblr-10941	92	20	j.	j.	PROPN
cblr-10941	92	21	gilson	gilson	PROPN
cblr-10941	92	22	,	,	PUNCT
cblr-10941	92	23	why	why	SCONJ
cblr-10941	92	24	start	start	NOUN
cblr-10941	92	25	-	-	PUNCT
cblr-10941	92	26	ups	up	NOUN
cblr-10941	92	27	?	?	PUNCT
cblr-10941	92	28	,	,	PUNCT
cblr-10941	92	29	51	51	NUM
cblr-10941	92	30	stan	stan	NOUN
cblr-10941	92	31	.	.	PUNCT
cblr-10941	93	1	l.	l.	PROPN
cblr-10941	93	2	rev	rev	PROPN
cblr-10941	93	3	.	.	PROPN
cblr-10941	93	4	289	289	NUM
cblr-10941	93	5	,	,	PUNCT
cblr-10941	93	6	299–305	299–305	NUM
cblr-10941	93	7	(	(	PUNCT
cblr-10941	93	8	1999	1999	NUM
cblr-10941	93	9	)	)	PUNCT
cblr-10941	93	10	(	(	PUNCT
cblr-10941	93	11	explaining	explain	VERB
cblr-10941	93	12	the	the	DET
cblr-10941	93	13	failure	failure	NOUN
cblr-10941	93	14	of	of	ADP
cblr-10941	93	15	mature	mature	ADJ
cblr-10941	93	16	companies	company	NOUN
cblr-10941	93	17	to	to	PART
cblr-10941	93	18	innovate	innovate	VERB
cblr-10941	93	19	as	as	ADP
cblr-10941	93	20	a	a	DET
cblr-10941	93	21	problem	problem	NOUN
cblr-10941	93	22	of	of	ADP
cblr-10941	93	23	giving	give	VERB
cblr-10941	93	24	proper	proper	ADJ
cblr-10941	93	25	incentives	incentive	NOUN
cblr-10941	93	26	to	to	ADP
cblr-10941	93	27	employees	employee	NOUN
cblr-10941	93	28	)	)	PUNCT
cblr-10941	93	29	.	.	PUNCT
cblr-10941	94	1	19	19	NUM
cblr-10941	94	2	see	see	NOUN
cblr-10941	94	3	infra	infra	NOUN
cblr-10941	94	4	section	section	NOUN
cblr-10941	94	5	ii.b	ii.b	NOUN
cblr-10941	94	6	and	and	CCONJ
cblr-10941	94	7	accompanying	accompanying	ADJ
cblr-10941	94	8	notes	note	NOUN
cblr-10941	94	9	.	.	PUNCT
cblr-10941	95	1	20	20	NUM
cblr-10941	95	2	see	see	VERB
cblr-10941	95	3	infra	infra	NOUN
cblr-10941	95	4	section	section	NOUN
cblr-10941	95	5	ii.c	ii.c	VERB
cblr-10941	95	6	and	and	CCONJ
cblr-10941	95	7	accompanying	accompanying	ADJ
cblr-10941	95	8	notes	note	NOUN
cblr-10941	95	9	.	.	PUNCT
cblr-10941	96	1	no	no	INTJ
cblr-10941	96	2	.	.	PUNCT
cblr-10941	97	1	2:859	2:859	NUM
cblr-10941	97	2	]	]	PUNCT
cblr-10941	97	3	moonshots	moonshot	NOUN
cblr-10941	97	4	865	865	NUM
cblr-10941	97	5	moonshot	moonshot	NOUN
cblr-10941	97	6	,	,	PUNCT
cblr-10941	97	7	because	because	SCONJ
cblr-10941	97	8	there	there	PRON
cblr-10941	97	9	is	be	VERB
cblr-10941	97	10	no	no	DET
cblr-10941	97	11	external	external	ADJ
cblr-10941	97	12	market	market	NOUN
cblr-10941	97	13	that	that	PRON
cblr-10941	97	14	assigns	assign	VERB
cblr-10941	97	15	it	it	PRON
cblr-10941	97	16	a	a	DET
cblr-10941	97	17	price	price	NOUN
cblr-10941	97	18	.	.	PUNCT
cblr-10941	98	1	the	the	DET
cblr-10941	98	2	most	most	ADV
cblr-10941	98	3	innovative	innovative	ADJ
cblr-10941	98	4	part	part	NOUN
cblr-10941	98	5	of	of	ADP
cblr-10941	98	6	the	the	DET
cblr-10941	98	7	economy	economy	NOUN
cblr-10941	98	8	,	,	PUNCT
cblr-10941	98	9	the	the	DET
cblr-10941	98	10	venture	venture	NOUN
cblr-10941	98	11	capital	capital	NOUN
cblr-10941	98	12	(	(	PUNCT
cblr-10941	98	13	vc	vc	NOUN
cblr-10941	98	14	)	)	PUNCT
cblr-10941	98	15	market	market	NOUN
cblr-10941	98	16	,	,	PUNCT
cblr-10941	98	17	has	have	AUX
cblr-10941	98	18	developed	develop	VERB
cblr-10941	98	19	structural	structural	ADJ
cblr-10941	98	20	solutions	solution	NOUN
cblr-10941	98	21	to	to	ADP
cblr-10941	98	22	these	these	DET
cblr-10941	98	23	agency	agency	NOUN
cblr-10941	98	24	problems.21	problems.21	PROPN
cblr-10941	98	25	a	a	DET
cblr-10941	98	26	venture	venture	NOUN
cblr-10941	98	27	-	-	PUNCT
cblr-10941	98	28	backed	back	VERB
cblr-10941	98	29	startup	startup	NOUN
cblr-10941	98	30	is	be	AUX
cblr-10941	98	31	an	an	DET
cblr-10941	98	32	innovation	innovation	NOUN
cblr-10941	98	33	project	project	NOUN
cblr-10941	98	34	organized	organize	VERB
cblr-10941	98	35	as	as	ADP
cblr-10941	98	36	an	an	DET
cblr-10941	98	37	independent	independent	ADJ
cblr-10941	98	38	business	business	NOUN
cblr-10941	98	39	.	.	PUNCT
cblr-10941	99	1	its	its	PRON
cblr-10941	99	2	capital	capital	NOUN
cblr-10941	99	3	structure	structure	NOUN
cblr-10941	99	4	addresses	address	VERB
cblr-10941	99	5	the	the	DET
cblr-10941	99	6	motivation	motivation	NOUN
cblr-10941	99	7	problem	problem	NOUN
cblr-10941	99	8	.	.	PUNCT
cblr-10941	100	1	the	the	DET
cblr-10941	100	2	startup	startup	NOUN
cblr-10941	100	3	’s	’s	PART
cblr-10941	100	4	entrepreneurs	entrepreneur	NOUN
cblr-10941	100	5	and	and	CCONJ
cblr-10941	100	6	employees	employee	NOUN
cblr-10941	100	7	are	be	AUX
cblr-10941	100	8	granted	grant	VERB
cblr-10941	100	9	equity	equity	NOUN
cblr-10941	100	10	,	,	PUNCT
cblr-10941	100	11	which	which	PRON
cblr-10941	100	12	gives	give	VERB
cblr-10941	100	13	them	they	PRON
cblr-10941	100	14	a	a	DET
cblr-10941	100	15	stake	stake	NOUN
cblr-10941	100	16	in	in	ADP
cblr-10941	100	17	the	the	DET
cblr-10941	100	18	company	company	NOUN
cblr-10941	100	19	’s	’s	PART
cblr-10941	100	20	success.22	success.22	NOUN
cblr-10941	100	21	the	the	DET
cblr-10941	100	22	stock	stock	NOUN
cblr-10941	100	23	is	be	AUX
cblr-10941	100	24	usually	usually	ADV
cblr-10941	100	25	illiquid	illiquid	ADJ
cblr-10941	100	26	,	,	PUNCT
cblr-10941	100	27	so	so	SCONJ
cblr-10941	100	28	the	the	DET
cblr-10941	100	29	value	value	NOUN
cblr-10941	100	30	that	that	PRON
cblr-10941	100	31	employees	employee	NOUN
cblr-10941	100	32	create	create	VERB
cblr-10941	100	33	is	be	AUX
cblr-10941	100	34	locked	lock	VERB
cblr-10941	100	35	in	in	ADP
cblr-10941	100	36	until	until	SCONJ
cblr-10941	100	37	the	the	DET
cblr-10941	100	38	startup	startup	NOUN
cblr-10941	100	39	is	be	AUX
cblr-10941	100	40	acquired	acquire	VERB
cblr-10941	100	41	or	or	CCONJ
cblr-10941	100	42	goes	go	VERB
cblr-10941	100	43	public	public	ADJ
cblr-10941	100	44	.	.	PUNCT
cblr-10941	101	1	the	the	DET
cblr-10941	101	2	strong	strong	ADJ
cblr-10941	101	3	incentives	incentive	NOUN
cblr-10941	101	4	attract	attract	VERB
cblr-10941	101	5	employees	employee	NOUN
cblr-10941	101	6	who	who	PRON
cblr-10941	101	7	believe	believe	VERB
cblr-10941	101	8	in	in	ADP
cblr-10941	101	9	the	the	DET
cblr-10941	101	10	project	project	NOUN
cblr-10941	101	11	and	and	CCONJ
cblr-10941	101	12	motivate	motivate	VERB
cblr-10941	101	13	them	they	PRON
cblr-10941	101	14	to	to	PART
cblr-10941	101	15	bring	bring	VERB
cblr-10941	101	16	the	the	DET
cblr-10941	101	17	technology	technology	NOUN
cblr-10941	101	18	to	to	PART
cblr-10941	101	19	market.23	market.23	PROPN
cblr-10941	101	20	vcs	vcs	PROPN
cblr-10941	101	21	have	have	AUX
cblr-10941	101	22	also	also	ADV
cblr-10941	101	23	developed	develop	VERB
cblr-10941	101	24	strategies	strategy	NOUN
cblr-10941	101	25	to	to	PART
cblr-10941	101	26	monitor	monitor	VERB
cblr-10941	101	27	entrepreneurs	entrepreneur	NOUN
cblr-10941	101	28	.	.	PUNCT
cblr-10941	102	1	vcs	vcs	PROPN
cblr-10941	102	2	take	take	VERB
cblr-10941	102	3	an	an	DET
cblr-10941	102	4	active	active	ADJ
cblr-10941	102	5	role	role	NOUN
cblr-10941	102	6	in	in	ADP
cblr-10941	102	7	their	their	PRON
cblr-10941	102	8	portfolio	portfolio	NOUN
cblr-10941	102	9	companies	company	NOUN
cblr-10941	102	10	’	'	PUNCT
cblr-10941	102	11	management	management	NOUN
cblr-10941	102	12	,	,	PUNCT
cblr-10941	102	13	often	often	ADV
cblr-10941	102	14	by	by	ADP
cblr-10941	102	15	serving	serve	VERB
cblr-10941	102	16	on	on	ADP
cblr-10941	102	17	their	their	PRON
cblr-10941	102	18	boards	board	NOUN
cblr-10941	102	19	of	of	ADP
cblr-10941	102	20	directors.24	directors.24	NOUN
cblr-10941	102	21	they	they	PRON
cblr-10941	102	22	receive	receive	VERB
cblr-10941	102	23	frequent	frequent	ADJ
cblr-10941	102	24	updates	update	NOUN
cblr-10941	102	25	on	on	ADP
cblr-10941	102	26	the	the	DET
cblr-10941	102	27	startup	startup	NOUN
cblr-10941	102	28	’s	’s	PART
cblr-10941	102	29	progress	progress	NOUN
cblr-10941	102	30	behind	behind	ADP
cblr-10941	102	31	closed	closed	ADJ
cblr-10941	102	32	doors	door	NOUN
cblr-10941	102	33	.	.	PUNCT
cblr-10941	103	1	vcs	vcs	NOUN
cblr-10941	103	2	finance	finance	NOUN
cblr-10941	103	3	startups	startup	NOUN
cblr-10941	103	4	in	in	ADP
cblr-10941	103	5	twelveto	twelveto	VERB
cblr-10941	103	6	twenty	twenty	NUM
cblr-10941	103	7	-	-	PUNCT
cblr-10941	103	8	four	four	NUM
cblr-10941	103	9	-	-	PUNCT
cblr-10941	103	10	month	month	NOUN
cblr-10941	103	11	stages	stage	NOUN
cblr-10941	103	12	,	,	PUNCT
cblr-10941	103	13	so	so	CCONJ
cblr-10941	103	14	the	the	DET
cblr-10941	103	15	vcs	vcs	PROPN
cblr-10941	103	16	’	'	PUNCT
cblr-10941	103	17	credible	credible	ADJ
cblr-10941	103	18	threat	threat	NOUN
cblr-10941	103	19	to	to	PART
cblr-10941	103	20	not	not	PART
cblr-10941	103	21	fund	fund	VERB
cblr-10941	103	22	the	the	DET
cblr-10941	103	23	next	next	ADJ
cblr-10941	103	24	stage	stage	NOUN
cblr-10941	103	25	creates	create	VERB
cblr-10941	103	26	strong	strong	ADJ
cblr-10941	103	27	incentives	incentive	NOUN
cblr-10941	103	28	for	for	SCONJ
cblr-10941	103	29	entrepreneurs	entrepreneur	NOUN
cblr-10941	103	30	to	to	PART
cblr-10941	103	31	deliver	deliver	VERB
cblr-10941	103	32	21	21	NUM
cblr-10941	103	33	see	see	VERB
cblr-10941	103	34	generally	generally	ADV
cblr-10941	103	35	paul	paul	PROPN
cblr-10941	103	36	a.	a.	PROPN
cblr-10941	103	37	gompers	gompers	PROPN
cblr-10941	103	38	&	&	CCONJ
cblr-10941	103	39	josh	josh	PROPN
cblr-10941	103	40	lerner	lerner	PROPN
cblr-10941	103	41	,	,	PUNCT
cblr-10941	103	42	the	the	DET
cblr-10941	103	43	venture	venture	NOUN
cblr-10941	103	44	capital	capital	NOUN
cblr-10941	103	45	cycle	cycle	NOUN
cblr-10941	103	46	(	(	PUNCT
cblr-10941	103	47	2d	2d	NOUN
cblr-10941	103	48	ed	ed	NOUN
cblr-10941	103	49	.	.	PUNCT
cblr-10941	103	50	2006	2006	NUM
cblr-10941	103	51	)	)	PUNCT
cblr-10941	103	52	(	(	PUNCT
cblr-10941	103	53	analyzing	analyze	VERB
cblr-10941	103	54	the	the	DET
cblr-10941	103	55	structure	structure	NOUN
cblr-10941	103	56	of	of	ADP
cblr-10941	103	57	vc	vc	PROPN
cblr-10941	103	58	markets	market	NOUN
cblr-10941	103	59	from	from	ADP
cblr-10941	103	60	an	an	DET
cblr-10941	103	61	agency	agency	NOUN
cblr-10941	103	62	cost	cost	NOUN
cblr-10941	103	63	perspective	perspective	NOUN
cblr-10941	103	64	)	)	PUNCT
cblr-10941	103	65	;	;	PUNCT
cblr-10941	103	66	william	william	PROPN
cblr-10941	103	67	a.	a.	PROPN
cblr-10941	103	68	sahlman	sahlman	PROPN
cblr-10941	103	69	,	,	PUNCT
cblr-10941	103	70	the	the	DET
cblr-10941	103	71	structure	structure	NOUN
cblr-10941	103	72	and	and	CCONJ
cblr-10941	103	73	governance	governance	NOUN
cblr-10941	103	74	of	of	ADP
cblr-10941	103	75	venture	venture	NOUN
cblr-10941	103	76	-	-	PUNCT
cblr-10941	103	77	capital	capital	NOUN
cblr-10941	103	78	organizations	organization	NOUN
cblr-10941	103	79	,	,	PUNCT
cblr-10941	103	80	27	27	NUM
cblr-10941	103	81	j.	j.	PROPN
cblr-10941	103	82	fin	fin	PROPN
cblr-10941	103	83	.	.	PUNCT
cblr-10941	103	84	econ	econ	PROPN
cblr-10941	103	85	.	.	PUNCT
cblr-10941	103	86	473	473	NUM
cblr-10941	103	87	,	,	PUNCT
cblr-10941	103	88	493	493	NUM
cblr-10941	103	89	–	–	PUNCT
cblr-10941	103	90	503	503	NUM
cblr-10941	103	91	,	,	PUNCT
cblr-10941	103	92	506–13	506–13	X
cblr-10941	103	93	(	(	PUNCT
cblr-10941	103	94	1990	1990	NUM
cblr-10941	103	95	)	)	PUNCT
cblr-10941	103	96	(	(	PUNCT
cblr-10941	103	97	introducing	introduce	VERB
cblr-10941	103	98	the	the	DET
cblr-10941	103	99	agency	agency	NOUN
cblr-10941	103	100	cost	cost	NOUN
cblr-10941	103	101	model	model	NOUN
cblr-10941	103	102	of	of	ADP
cblr-10941	103	103	vc	vc	PROPN
cblr-10941	103	104	investing	investing	NOUN
cblr-10941	103	105	)	)	PUNCT
cblr-10941	103	106	;	;	PUNCT
cblr-10941	103	107	see	see	VERB
cblr-10941	103	108	also	also	ADV
cblr-10941	103	109	robert	robert	PROPN
cblr-10941	103	110	p.	p.	PROPN
cblr-10941	103	111	bartlett	bartlett	PROPN
cblr-10941	103	112	,	,	PUNCT
cblr-10941	103	113	iii	iii	PROPN
cblr-10941	103	114	,	,	PUNCT
cblr-10941	103	115	venture	venture	NOUN
cblr-10941	103	116	capital	capital	NOUN
cblr-10941	103	117	,	,	PUNCT
cblr-10941	103	118	agency	agency	NOUN
cblr-10941	103	119	costs	cost	NOUN
cblr-10941	103	120	,	,	PUNCT
cblr-10941	103	121	and	and	CCONJ
cblr-10941	103	122	the	the	DET
cblr-10941	103	123	false	false	ADJ
cblr-10941	103	124	dichotomy	dichotomy	NOUN
cblr-10941	103	125	of	of	ADP
cblr-10941	103	126	the	the	DET
cblr-10941	103	127	corporation	corporation	NOUN
cblr-10941	103	128	,	,	PUNCT
cblr-10941	103	129	54	54	NUM
cblr-10941	103	130	ucla	ucla	PROPN
cblr-10941	103	131	l.	l.	PROPN
cblr-10941	103	132	rev	rev	PROPN
cblr-10941	103	133	.	.	PROPN
cblr-10941	103	134	37	37	NUM
cblr-10941	103	135	,	,	PUNCT
cblr-10941	103	136	48–61	48–61	NUM
cblr-10941	103	137	(	(	PUNCT
cblr-10941	103	138	2006	2006	NUM
cblr-10941	103	139	)	)	PUNCT
cblr-10941	103	140	(	(	PUNCT
cblr-10941	103	141	reviewing	review	VERB
cblr-10941	103	142	and	and	CCONJ
cblr-10941	103	143	critiquing	critique	VERB
cblr-10941	103	144	the	the	DET
cblr-10941	103	145	agency	agency	NOUN
cblr-10941	103	146	cost	cost	NOUN
cblr-10941	103	147	model	model	NOUN
cblr-10941	103	148	)	)	PUNCT
cblr-10941	103	149	;	;	PUNCT
cblr-10941	103	150	ronald	ronald	PROPN
cblr-10941	103	151	j.	j.	PROPN
cblr-10941	103	152	gilson	gilson	PROPN
cblr-10941	103	153	,	,	PUNCT
cblr-10941	103	154	engineering	engineer	VERB
cblr-10941	103	155	a	a	DET
cblr-10941	103	156	venture	venture	NOUN
cblr-10941	103	157	capital	capital	NOUN
cblr-10941	103	158	market	market	NOUN
cblr-10941	103	159	:	:	PUNCT
cblr-10941	103	160	lessons	lesson	NOUN
cblr-10941	103	161	from	from	ADP
cblr-10941	103	162	the	the	DET
cblr-10941	103	163	american	american	ADJ
cblr-10941	103	164	experience	experience	NOUN
cblr-10941	103	165	,	,	PUNCT
cblr-10941	103	166	55	55	NUM
cblr-10941	103	167	stan	stan	NOUN
cblr-10941	103	168	.	.	PUNCT
cblr-10941	104	1	l.	l.	PROPN
cblr-10941	104	2	rev	rev	PROPN
cblr-10941	104	3	.	.	PROPN
cblr-10941	104	4	1067	1067	NUM
cblr-10941	104	5	,	,	PUNCT
cblr-10941	104	6	1078–92	1078–92	NUM
cblr-10941	104	7	(	(	PUNCT
cblr-10941	104	8	2003	2003	NUM
cblr-10941	104	9	)	)	PUNCT
cblr-10941	104	10	(	(	PUNCT
cblr-10941	104	11	enriching	enrich	VERB
cblr-10941	104	12	the	the	DET
cblr-10941	104	13	agency	agency	NOUN
cblr-10941	104	14	cost	cost	NOUN
cblr-10941	104	15	model	model	NOUN
cblr-10941	104	16	by	by	ADP
cblr-10941	104	17	analyzing	analyze	VERB
cblr-10941	104	18	provisions	provision	NOUN
cblr-10941	104	19	in	in	ADP
cblr-10941	104	20	vc	vc	PROPN
cblr-10941	104	21	contracts	contract	NOUN
cblr-10941	104	22	)	)	PUNCT
cblr-10941	104	23	.	.	PUNCT
cblr-10941	105	1	22	22	NUM
cblr-10941	105	2	gompers	gomper	NOUN
cblr-10941	105	3	&	&	CCONJ
cblr-10941	105	4	lerner	lerner	PROPN
cblr-10941	105	5	,	,	PUNCT
cblr-10941	105	6	supra	supra	PROPN
cblr-10941	105	7	note	note	PROPN
cblr-10941	105	8	21	21	NUM
cblr-10941	105	9	,	,	PUNCT
cblr-10941	105	10	at	at	ADP
cblr-10941	105	11	161	161	NUM
cblr-10941	105	12	;	;	PUNCT
cblr-10941	105	13	sahlman	sahlman	NOUN
cblr-10941	105	14	,	,	PUNCT
cblr-10941	105	15	supra	supra	PROPN
cblr-10941	105	16	note	note	PROPN
cblr-10941	105	17	21	21	NUM
cblr-10941	105	18	,	,	PUNCT
cblr-10941	105	19	at	at	ADP
cblr-10941	105	20	508	508	NUM
cblr-10941	105	21	.	.	PUNCT
cblr-10941	105	22	23	23	NUM
cblr-10941	105	23	sahlman	sahlman	NOUN
cblr-10941	105	24	,	,	PUNCT
cblr-10941	105	25	supra	supra	PROPN
cblr-10941	105	26	note	note	PROPN
cblr-10941	105	27	21	21	NUM
cblr-10941	105	28	,	,	PUNCT
cblr-10941	105	29	at	at	ADP
cblr-10941	105	30	510–11	510–11	NUM
cblr-10941	105	31	.	.	PUNCT
cblr-10941	105	32	24	24	NUM
cblr-10941	105	33	see	see	VERB
cblr-10941	105	34	gompers	gomper	NOUN
cblr-10941	105	35	&	&	CCONJ
cblr-10941	105	36	lerner	lerner	PROPN
cblr-10941	105	37	,	,	PUNCT
cblr-10941	105	38	supra	supra	PROPN
cblr-10941	105	39	note	note	PROPN
cblr-10941	105	40	21	21	NUM
cblr-10941	105	41	,	,	PUNCT
cblr-10941	105	42	at	at	ADP
cblr-10941	105	43	244	244	NUM
cblr-10941	105	44	(	(	PUNCT
cblr-10941	105	45	providing	provide	VERB
cblr-10941	105	46	evidence	evidence	NOUN
cblr-10941	105	47	,	,	PUNCT
cblr-10941	105	48	from	from	ADP
cblr-10941	105	49	a	a	DET
cblr-10941	105	50	sample	sample	NOUN
cblr-10941	105	51	of	of	ADP
cblr-10941	105	52	vc	vc	PROPN
cblr-10941	105	53	financings	financing	NOUN
cblr-10941	105	54	,	,	PUNCT
cblr-10941	105	55	showing	show	VERB
cblr-10941	105	56	that	that	SCONJ
cblr-10941	105	57	the	the	DET
cblr-10941	105	58	average	average	ADJ
cblr-10941	105	59	startup	startup	NOUN
cblr-10941	105	60	board	board	NOUN
cblr-10941	105	61	has	have	VERB
cblr-10941	105	62	one	one	NUM
cblr-10941	105	63	or	or	CCONJ
cblr-10941	105	64	two	two	NUM
cblr-10941	105	65	vc	vc	PROPN
cblr-10941	105	66	directors	director	NOUN
cblr-10941	105	67	)	)	PUNCT
cblr-10941	105	68	.	.	PUNCT
cblr-10941	106	1	866	866	NUM
cblr-10941	106	2	columbia	columbia	PROPN
cblr-10941	106	3	business	business	PROPN
cblr-10941	106	4	law	law	PROPN
cblr-10941	106	5	review	review	NOUN
cblr-10941	106	6	[	[	X
cblr-10941	106	7	vol	vol	NOUN
cblr-10941	106	8	.	.	PUNCT
cblr-10941	107	1	2022	2022	NUM
cblr-10941	107	2	growth.25	growth.25	PROPN
cblr-10941	107	3	vcs	vcs	PROPN
cblr-10941	107	4	also	also	ADV
cblr-10941	107	5	syndicate	syndicate	VERB
cblr-10941	107	6	their	their	PRON
cblr-10941	107	7	investments	investment	NOUN
cblr-10941	107	8	,	,	PUNCT
cblr-10941	107	9	which	which	PRON
cblr-10941	107	10	gives	give	VERB
cblr-10941	107	11	them	they	PRON
cblr-10941	107	12	a	a	DET
cblr-10941	107	13	second	second	ADJ
cblr-10941	107	14	opinion	opinion	NOUN
cblr-10941	107	15	on	on	ADP
cblr-10941	107	16	a	a	DET
cblr-10941	107	17	startup	startup	NOUN
cblr-10941	107	18	’s	’s	PART
cblr-10941	107	19	value.26	value.26	NOUN
cblr-10941	107	20	but	but	CCONJ
cblr-10941	107	21	there	there	PRON
cblr-10941	107	22	’s	’	VERB
cblr-10941	107	23	a	a	DET
cblr-10941	107	24	catch	catch	NOUN
cblr-10941	107	25	.	.	PUNCT
cblr-10941	108	1	the	the	DET
cblr-10941	108	2	structure	structure	NOUN
cblr-10941	108	3	of	of	ADP
cblr-10941	108	4	the	the	DET
cblr-10941	108	5	vc	vc	PROPN
cblr-10941	108	6	market	market	NOUN
cblr-10941	108	7	favors	favor	VERB
cblr-10941	108	8	short	short	ADJ
cblr-10941	108	9	-	-	PUNCT
cblr-10941	108	10	term	term	NOUN
cblr-10941	108	11	innovation.27	innovation.27	NOUN
cblr-10941	108	12	the	the	DET
cblr-10941	108	13	cause	cause	NOUN
cblr-10941	108	14	is	be	AUX
cblr-10941	108	15	a	a	DET
cblr-10941	108	16	second	second	ADJ
cblr-10941	108	17	-	-	PUNCT
cblr-10941	108	18	order	order	NOUN
cblr-10941	108	19	monitoring	monitoring	NOUN
cblr-10941	108	20	problem	problem	NOUN
cblr-10941	108	21	.	.	PUNCT
cblr-10941	109	1	the	the	DET
cblr-10941	109	2	vcs	vcs	PROPN
cblr-10941	109	3	’	'	PUNCT
cblr-10941	109	4	investors	investor	NOUN
cblr-10941	109	5	—	—	PUNCT
cblr-10941	109	6	the	the	DET
cblr-10941	109	7	institutional	institutional	ADJ
cblr-10941	109	8	investors	investor	NOUN
cblr-10941	109	9	who	who	PRON
cblr-10941	109	10	are	be	AUX
cblr-10941	109	11	limited	limited	ADJ
cblr-10941	109	12	partners	partner	NOUN
cblr-10941	109	13	(	(	PUNCT
cblr-10941	109	14	lps	lps	PROPN
cblr-10941	109	15	)	)	PUNCT
cblr-10941	109	16	in	in	ADP
cblr-10941	109	17	vc	vc	PROPN
cblr-10941	109	18	funds	fund	NOUN
cblr-10941	109	19	—	—	PUNCT
cblr-10941	109	20	need	need	VERB
cblr-10941	109	21	to	to	PART
cblr-10941	109	22	monitor	monitor	VERB
cblr-10941	109	23	the	the	DET
cblr-10941	109	24	vcs	vcs	PROPN
cblr-10941	109	25	.	.	PUNCT
cblr-10941	110	1	the	the	DET
cblr-10941	110	2	lps	lps	PROPN
cblr-10941	110	3	motivate	motivate	PROPN
cblr-10941	110	4	vcs	vcs	PROPN
cblr-10941	110	5	by	by	ADP
cblr-10941	110	6	giving	give	VERB
cblr-10941	110	7	them	they	PRON
cblr-10941	110	8	20	20	NUM
cblr-10941	110	9	%	%	NOUN
cblr-10941	110	10	of	of	ADP
cblr-10941	110	11	the	the	DET
cblr-10941	110	12	fund	fund	NOUN
cblr-10941	110	13	’s	’s	PART
cblr-10941	110	14	profits	profit	NOUN
cblr-10941	110	15	and	and	CCONJ
cblr-10941	110	16	an	an	DET
cblr-10941	110	17	annual	annual	ADJ
cblr-10941	110	18	management	management	NOUN
cblr-10941	110	19	fee	fee	NOUN
cblr-10941	110	20	equal	equal	ADJ
cblr-10941	110	21	to	to	ADP
cblr-10941	110	22	2	2	NUM
cblr-10941	110	23	%	%	NOUN
cblr-10941	110	24	of	of	ADP
cblr-10941	110	25	the	the	DET
cblr-10941	110	26	fund	fund	NOUN
cblr-10941	110	27	’s	’s	PART
cblr-10941	110	28	assets.28	assets.28	NOUN
cblr-10941	110	29	however	however	ADV
cblr-10941	110	30	,	,	PUNCT
cblr-10941	110	31	they	they	PRON
cblr-10941	110	32	still	still	ADV
cblr-10941	110	33	run	run	VERB
cblr-10941	110	34	the	the	DET
cblr-10941	110	35	risk	risk	NOUN
cblr-10941	110	36	that	that	SCONJ
cblr-10941	110	37	vcs	vcs	PROPN
cblr-10941	110	38	will	will	AUX
cblr-10941	110	39	squander	squander	VERB
cblr-10941	110	40	their	their	PRON
cblr-10941	110	41	capital	capital	NOUN
cblr-10941	110	42	and	and	CCONJ
cblr-10941	110	43	live	live	VERB
cblr-10941	110	44	off	off	ADP
cblr-10941	110	45	the	the	DET
cblr-10941	110	46	management	management	NOUN
cblr-10941	110	47	fees	fee	NOUN
cblr-10941	110	48	.	.	PUNCT
cblr-10941	111	1	the	the	DET
cblr-10941	111	2	lps	lps	PROPN
cblr-10941	111	3	remedy	remedy	NOUN
cblr-10941	111	4	this	this	DET
cblr-10941	111	5	monitoring	monitoring	NOUN
cblr-10941	111	6	problem	problem	NOUN
cblr-10941	111	7	by	by	ADP
cblr-10941	111	8	requiring	require	VERB
cblr-10941	111	9	that	that	SCONJ
cblr-10941	111	10	vc	vc	PROPN
cblr-10941	111	11	funds	fund	NOUN
cblr-10941	111	12	have	have	VERB
cblr-10941	111	13	a	a	DET
cblr-10941	111	14	limited	limited	ADJ
cblr-10941	111	15	life	life	NOUN
cblr-10941	111	16	,	,	PUNCT
cblr-10941	111	17	typically	typically	ADV
cblr-10941	111	18	ten	ten	NUM
cblr-10941	111	19	years.29	years.29	NOUN
cblr-10941	111	20	at	at	ADP
cblr-10941	111	21	the	the	DET
cblr-10941	111	22	end	end	NOUN
cblr-10941	111	23	of	of	ADP
cblr-10941	111	24	a	a	DET
cblr-10941	111	25	fund	fund	NOUN
cblr-10941	111	26	’s	’s	PART
cblr-10941	111	27	life	life	NOUN
cblr-10941	111	28	,	,	PUNCT
cblr-10941	111	29	the	the	DET
cblr-10941	111	30	lps	lps	PROPN
cblr-10941	111	31	can	can	AUX
cblr-10941	111	32	assess	assess	VERB
cblr-10941	111	33	the	the	DET
cblr-10941	111	34	vc	vc	PROPN
cblr-10941	111	35	’s	’s	PART
cblr-10941	111	36	performance	performance	NOUN
cblr-10941	111	37	and	and	CCONJ
cblr-10941	111	38	decide	decide	VERB
cblr-10941	111	39	whether	whether	SCONJ
cblr-10941	111	40	to	to	PART
cblr-10941	111	41	invest	invest	VERB
cblr-10941	111	42	in	in	ADP
cblr-10941	111	43	the	the	DET
cblr-10941	111	44	vc	vc	PROPN
cblr-10941	111	45	’s	’s	PART
cblr-10941	111	46	next	next	ADJ
cblr-10941	111	47	fund	fund	NOUN
cblr-10941	111	48	.	.	PUNCT
cblr-10941	112	1	the	the	DET
cblr-10941	112	2	limited	limited	ADJ
cblr-10941	112	3	life	life	NOUN
cblr-10941	112	4	of	of	ADP
cblr-10941	112	5	vc	vc	PROPN
cblr-10941	112	6	funds	fund	NOUN
cblr-10941	112	7	requires	require	VERB
cblr-10941	112	8	vcs	vcs	PROPN
cblr-10941	112	9	to	to	PART
cblr-10941	112	10	exit	exit	VERB
cblr-10941	112	11	their	their	PRON
cblr-10941	112	12	investments	investment	NOUN
cblr-10941	112	13	through	through	ADP
cblr-10941	112	14	acquisition	acquisition	NOUN
cblr-10941	112	15	or	or	CCONJ
cblr-10941	112	16	an	an	DET
cblr-10941	112	17	initial	initial	ADJ
cblr-10941	112	18	public	public	ADJ
cblr-10941	112	19	offering	offering	NOUN
cblr-10941	112	20	(	(	PUNCT
cblr-10941	112	21	ipo	ipo	NOUN
cblr-10941	112	22	)	)	PUNCT
cblr-10941	112	23	only	only	ADV
cblr-10941	112	24	a	a	DET
cblr-10941	112	25	few	few	ADJ
cblr-10941	112	26	years	year	NOUN
cblr-10941	112	27	after	after	SCONJ
cblr-10941	112	28	they	they	PRON
cblr-10941	112	29	invest.30	invest.30	VERB
cblr-10941	112	30	consequently	consequently	ADV
cblr-10941	112	31	,	,	PUNCT
cblr-10941	112	32	vcs	vcs	PROPN
cblr-10941	112	33	look	look	VERB
cblr-10941	112	34	for	for	ADP
cblr-10941	112	35	startups	startup	NOUN
cblr-10941	112	36	that	that	PRON
cblr-10941	112	37	can	can	AUX
cblr-10941	112	38	scale	scale	VERB
cblr-10941	112	39	quickly	quickly	ADV
cblr-10941	112	40	and	and	CCONJ
cblr-10941	112	41	exit	exit	NOUN
cblr-10941	112	42	on	on	ADP
cblr-10941	112	43	their	their	PRON
cblr-10941	112	44	timeline.31	timeline.31	NOUN
cblr-10941	112	45	in	in	ADP
cblr-10941	112	46	recent	recent	ADJ
cblr-10941	112	47	years	year	NOUN
cblr-10941	112	48	,	,	PUNCT
cblr-10941	112	49	the	the	DET
cblr-10941	112	50	vc	vc	PROPN
cblr-10941	112	51	market	market	NOUN
cblr-10941	112	52	has	have	AUX
cblr-10941	112	53	become	become	VERB
cblr-10941	112	54	even	even	ADV
cblr-10941	112	55	more	more	ADV
cblr-10941	112	56	focused	focused	ADJ
cblr-10941	112	57	on	on	ADP
cblr-10941	112	58	short	short	ADJ
cblr-10941	112	59	-	-	PUNCT
cblr-10941	112	60	term	term	NOUN
cblr-10941	112	61	innovations	innovation	NOUN
cblr-10941	112	62	.	.	PUNCT
cblr-10941	113	1	startups	startup	NOUN
cblr-10941	113	2	are	be	AUX
cblr-10941	113	3	increasingly	increasingly	ADV
cblr-10941	113	4	25	25	NUM
cblr-10941	113	5	see	see	VERB
cblr-10941	113	6	i	i	PRON
cblr-10941	113	7	d.	d.	PROPN
cblr-10941	113	8	at	at	ADP
cblr-10941	113	9	171–200	171–200	PROPN
cblr-10941	113	10	(	(	PUNCT
cblr-10941	113	11	providing	provide	VERB
cblr-10941	113	12	evidence	evidence	NOUN
cblr-10941	113	13	that	that	SCONJ
cblr-10941	113	14	vcs	vcs	PROPN
cblr-10941	113	15	use	use	NOUN
cblr-10941	113	16	staged	stage	VERB
cblr-10941	113	17	financing	financing	NOUN
cblr-10941	113	18	to	to	PART
cblr-10941	113	19	reduce	reduce	VERB
cblr-10941	113	20	information	information	NOUN
cblr-10941	113	21	asymmetries	asymmetry	NOUN
cblr-10941	113	22	and	and	CCONJ
cblr-10941	113	23	agency	agency	NOUN
cblr-10941	113	24	costs	cost	NOUN
cblr-10941	113	25	)	)	PUNCT
cblr-10941	113	26	;	;	PUNCT
cblr-10941	114	1	sahlman	sahlman	NOUN
cblr-10941	114	2	,	,	PUNCT
cblr-10941	114	3	supra	supra	PROPN
cblr-10941	114	4	note	note	PROPN
cblr-10941	114	5	21	21	NUM
cblr-10941	114	6	,	,	PUNCT
cblr-10941	114	7	at	at	ADP
cblr-10941	114	8	506–07	506–07	NUM
cblr-10941	114	9	.	.	PUNCT
cblr-10941	114	10	26	26	NUM
cblr-10941	114	11	see	see	VERB
cblr-10941	114	12	gompers	gomper	NOUN
cblr-10941	114	13	&	&	CCONJ
cblr-10941	114	14	lerner	lerner	PROPN
cblr-10941	114	15	,	,	PUNCT
cblr-10941	114	16	supra	supra	PROPN
cblr-10941	114	17	note	note	PROPN
cblr-10941	114	18	21	21	NUM
cblr-10941	114	19	,	,	PUNCT
cblr-10941	114	20	at	at	ADP
cblr-10941	114	21	255–70	255–70	PROPN
cblr-10941	114	22	(	(	PUNCT
cblr-10941	114	23	providing	provide	VERB
cblr-10941	114	24	evidence	evidence	NOUN
cblr-10941	114	25	that	that	SCONJ
cblr-10941	114	26	vcs	vcs	PROPN
cblr-10941	114	27	syndicate	syndicate	NOUN
cblr-10941	114	28	investment	investment	NOUN
cblr-10941	114	29	to	to	PART
cblr-10941	114	30	gain	gain	VERB
cblr-10941	114	31	outside	outside	ADJ
cblr-10941	114	32	information	information	NOUN
cblr-10941	114	33	about	about	ADP
cblr-10941	114	34	a	a	DET
cblr-10941	114	35	startup	startup	NOUN
cblr-10941	114	36	’s	’s	PART
cblr-10941	114	37	value	value	NOUN
cblr-10941	114	38	)	)	PUNCT
cblr-10941	114	39	.	.	PUNCT
cblr-10941	115	1	27	27	NUM
cblr-10941	115	2	see	see	VERB
cblr-10941	115	3	infra	infra	NOUN
cblr-10941	115	4	section	section	NOUN
cblr-10941	115	5	iii.a	iii.a	PROPN
cblr-10941	115	6	.	.	PUNCT
cblr-10941	116	1	28	28	NUM
cblr-10941	116	2	josh	josh	PROPN
cblr-10941	116	3	lerner	lerner	PROPN
cblr-10941	116	4	&	&	CCONJ
cblr-10941	116	5	ramana	ramana	PROPN
cblr-10941	116	6	nanda	nanda	PROPN
cblr-10941	116	7	,	,	PUNCT
cblr-10941	116	8	venture	venture	NOUN
cblr-10941	116	9	capital	capital	NOUN
cblr-10941	116	10	’s	’s	PART
cblr-10941	116	11	role	role	NOUN
cblr-10941	116	12	in	in	ADP
cblr-10941	116	13	financing	financing	NOUN
cblr-10941	116	14	innovation	innovation	NOUN
cblr-10941	116	15	:	:	PUNCT
cblr-10941	116	16	what	what	PRON
cblr-10941	116	17	we	we	PRON
cblr-10941	116	18	know	know	VERB
cblr-10941	116	19	and	and	CCONJ
cblr-10941	116	20	how	how	SCONJ
cblr-10941	116	21	much	much	ADV
cblr-10941	116	22	we	we	PRON
cblr-10941	116	23	still	still	ADV
cblr-10941	116	24	need	need	VERB
cblr-10941	116	25	to	to	PART
cblr-10941	116	26	learn	learn	VERB
cblr-10941	116	27	,	,	PUNCT
cblr-10941	116	28	34	34	NUM
cblr-10941	116	29	j.	j.	PROPN
cblr-10941	116	30	econ	econ	PROPN
cblr-10941	116	31	.	.	PUNCT
cblr-10941	117	1	persp	persp	PROPN
cblr-10941	117	2	.	.	PUNCT
cblr-10941	118	1	237	237	NUM
cblr-10941	118	2	,	,	PUNCT
cblr-10941	118	3	254	254	NUM
cblr-10941	118	4	(	(	PUNCT
cblr-10941	118	5	reporting	report	VERB
cblr-10941	118	6	that	that	SCONJ
cblr-10941	118	7	vcs	vcs	PROPN
cblr-10941	118	8	typically	typically	ADV
cblr-10941	118	9	receive	receive	VERB
cblr-10941	118	10	20	20	NUM
cblr-10941	118	11	%	%	NOUN
cblr-10941	118	12	of	of	ADP
cblr-10941	118	13	the	the	DET
cblr-10941	118	14	capital	capital	NOUN
cblr-10941	118	15	gains	gain	NOUN
cblr-10941	118	16	and	and	CCONJ
cblr-10941	118	17	a	a	DET
cblr-10941	118	18	management	management	NOUN
cblr-10941	118	19	fee	fee	NOUN
cblr-10941	118	20	equal	equal	ADJ
cblr-10941	118	21	to	to	ADP
cblr-10941	118	22	1.5–2.5	1.5–2.5	NUM
cblr-10941	118	23	%	%	NOUN
cblr-10941	118	24	of	of	ADP
cblr-10941	118	25	capital	capital	NOUN
cblr-10941	118	26	under	under	ADP
cblr-10941	118	27	management	management	NOUN
cblr-10941	118	28	)	)	PUNCT
cblr-10941	118	29	.	.	PUNCT
cblr-10941	119	1	29	29	NUM
cblr-10941	119	2	see	see	VERB
cblr-10941	119	3	andrew	andrew	PROPN
cblr-10941	119	4	metrick	metrick	PROPN
cblr-10941	119	5	&	&	CCONJ
cblr-10941	119	6	ayako	ayako	PROPN
cblr-10941	119	7	yasuda	yasuda	PROPN
cblr-10941	119	8	,	,	PUNCT
cblr-10941	119	9	the	the	DET
cblr-10941	119	10	economics	economic	NOUN
cblr-10941	119	11	of	of	ADP
cblr-10941	119	12	private	private	ADJ
cblr-10941	119	13	equity	equity	NOUN
cblr-10941	119	14	funds	fund	NOUN
cblr-10941	119	15	,	,	PUNCT
cblr-10941	119	16	23	23	NUM
cblr-10941	119	17	rev	rev	X
cblr-10941	119	18	.	.	PROPN
cblr-10941	119	19	fin	fin	NOUN
cblr-10941	119	20	.	.	PUNCT
cblr-10941	119	21	stud	stud	PROPN
cblr-10941	119	22	.	.	PUNCT
cblr-10941	120	1	2303	2303	NUM
cblr-10941	120	2	,	,	PUNCT
cblr-10941	120	3	2304	2304	NUM
cblr-10941	120	4	(	(	PUNCT
cblr-10941	120	5	2010	2010	NUM
cblr-10941	120	6	)	)	PUNCT
cblr-10941	120	7	.	.	PUNCT
cblr-10941	121	1	30	30	NUM
cblr-10941	121	2	see	see	VERB
cblr-10941	121	3	lerner	lerner	PROPN
cblr-10941	121	4	&	&	CCONJ
cblr-10941	121	5	nanda	nanda	PROPN
cblr-10941	121	6	,	,	PUNCT
cblr-10941	121	7	supra	supra	PROPN
cblr-10941	121	8	note	note	NOUN
cblr-10941	121	9	28	28	NUM
cblr-10941	121	10	,	,	PUNCT
cblr-10941	121	11	at	at	ADP
cblr-10941	121	12	253	253	NUM
cblr-10941	121	13	(	(	PUNCT
cblr-10941	121	14	reporting	report	VERB
cblr-10941	121	15	that	that	SCONJ
cblr-10941	121	16	,	,	PUNCT
cblr-10941	121	17	in	in	ADP
cblr-10941	121	18	a	a	DET
cblr-10941	121	19	typical	typical	ADJ
cblr-10941	121	20	vc	vc	PROPN
cblr-10941	121	21	fund	fund	NOUN
cblr-10941	121	22	,	,	PUNCT
cblr-10941	121	23	vcs	vcs	PROPN
cblr-10941	121	24	have	have	VERB
cblr-10941	121	25	five	five	NUM
cblr-10941	121	26	years	year	NOUN
cblr-10941	121	27	to	to	PART
cblr-10941	121	28	invest	invest	VERB
cblr-10941	121	29	capital	capital	NOUN
cblr-10941	121	30	“	"	PUNCT
cblr-10941	121	31	and	and	CCONJ
cblr-10941	121	32	then	then	ADV
cblr-10941	121	33	are	be	AUX
cblr-10941	121	34	expected	expect	VERB
cblr-10941	121	35	to	to	PART
cblr-10941	121	36	use	use	VERB
cblr-10941	121	37	the	the	DET
cblr-10941	121	38	remaining	remain	VERB
cblr-10941	121	39	period	period	NOUN
cblr-10941	121	40	to	to	PART
cblr-10941	121	41	harvest	harvest	VERB
cblr-10941	121	42	their	their	PRON
cblr-10941	121	43	investments	investment	NOUN
cblr-10941	121	44	”	"	PUNCT
cblr-10941	121	45	)	)	PUNCT
cblr-10941	121	46	.	.	PUNCT
cblr-10941	122	1	31	31	NUM
cblr-10941	122	2	see	see	VERB
cblr-10941	122	3	i	i	PRON
cblr-10941	122	4	d.	d.	PROPN
cblr-10941	122	5	at	at	ADP
cblr-10941	122	6	245	245	NUM
cblr-10941	122	7	(	(	PUNCT
cblr-10941	122	8	explaining	explain	VERB
cblr-10941	122	9	that	that	SCONJ
cblr-10941	122	10	the	the	DET
cblr-10941	122	11	limited	limited	ADJ
cblr-10941	122	12	lives	life	NOUN
cblr-10941	122	13	of	of	ADP
cblr-10941	122	14	vc	vc	NOUN
cblr-10941	122	15	funds	fund	NOUN
cblr-10941	122	16	lead	lead	VERB
cblr-10941	122	17	vcs	vcs	PROPN
cblr-10941	122	18	to	to	PART
cblr-10941	122	19	select	select	VERB
cblr-10941	122	20	“	"	PUNCT
cblr-10941	122	21	investment	investment	NOUN
cblr-10941	122	22	opportunities	opportunity	NOUN
cblr-10941	122	23	where	where	SCONJ
cblr-10941	122	24	the	the	DET
cblr-10941	122	25	ideas	idea	NOUN
cblr-10941	122	26	can	can	AUX
cblr-10941	122	27	be	be	AUX
cblr-10941	122	28	commercialized	commercialize	VERB
cblr-10941	122	29	and	and	CCONJ
cblr-10941	122	30	their	their	PRON
cblr-10941	122	31	value	value	NOUN
cblr-10941	122	32	realized	realize	VERB
cblr-10941	122	33	through	through	ADP
cblr-10941	122	34	an	an	DET
cblr-10941	122	35	‘	'	PUNCT
cblr-10941	122	36	exit	exit	NOUN
cblr-10941	122	37	’	'	PUNCT
cblr-10941	122	38	within	within	ADP
cblr-10941	122	39	a	a	DET
cblr-10941	122	40	reasonably	reasonably	ADV
cblr-10941	122	41	short	short	ADJ
cblr-10941	122	42	period	period	NOUN
cblr-10941	122	43	”	"	PUNCT
cblr-10941	122	44	)	)	PUNCT
cblr-10941	122	45	.	.	PUNCT
cblr-10941	123	1	no	no	INTJ
cblr-10941	123	2	.	.	PUNCT
cblr-10941	124	1	2:859	2:859	NUM
cblr-10941	124	2	]	]	X
cblr-10941	124	3	moonshots	moonshot	NOUN
cblr-10941	124	4	867	867	NUM
cblr-10941	124	5	choosing	choose	VERB
cblr-10941	124	6	to	to	PART
cblr-10941	124	7	exit	exit	NOUN
cblr-10941	124	8	by	by	ADP
cblr-10941	124	9	acquisition	acquisition	NOUN
cblr-10941	124	10	instead	instead	ADV
cblr-10941	124	11	of	of	ADP
cblr-10941	124	12	ipo.32	ipo.32	ADV
cblr-10941	124	13	some	some	DET
cblr-10941	124	14	incumbent	incumbent	ADJ
cblr-10941	124	15	tech	tech	NOUN
cblr-10941	124	16	companies	company	NOUN
cblr-10941	124	17	appear	appear	VERB
cblr-10941	124	18	to	to	PART
cblr-10941	124	19	be	be	AUX
cblr-10941	124	20	using	use	VERB
cblr-10941	124	21	acquisitions	acquisition	NOUN
cblr-10941	124	22	to	to	PART
cblr-10941	124	23	choke	choke	VERB
cblr-10941	124	24	off	off	ADP
cblr-10941	124	25	potential	potential	ADJ
cblr-10941	124	26	competitors.33	competitors.33	NOUN
cblr-10941	124	27	in	in	ADP
cblr-10941	124	28	some	some	DET
cblr-10941	124	29	cases	case	NOUN
cblr-10941	124	30	,	,	PUNCT
cblr-10941	124	31	incumbents	incumbent	NOUN
cblr-10941	124	32	have	have	AUX
cblr-10941	124	33	shut	shut	VERB
cblr-10941	124	34	down	down	ADP
cblr-10941	124	35	development	development	NOUN
cblr-10941	124	36	of	of	ADP
cblr-10941	124	37	a	a	DET
cblr-10941	124	38	startup	startup	NOUN
cblr-10941	124	39	’s	’s	PART
cblr-10941	124	40	technology	technology	NOUN
cblr-10941	124	41	quickly	quickly	ADV
cblr-10941	124	42	after	after	ADP
cblr-10941	124	43	acquiring	acquire	VERB
cblr-10941	124	44	it.34	it.34	PROPN
cblr-10941	124	45	vcs	vcs	PROPN
cblr-10941	124	46	are	be	AUX
cblr-10941	124	47	also	also	ADV
cblr-10941	124	48	increasingly	increasingly	ADV
cblr-10941	124	49	concentrating	concentrate	VERB
cblr-10941	124	50	their	their	PRON
cblr-10941	124	51	investments	investment	NOUN
cblr-10941	124	52	in	in	ADP
cblr-10941	124	53	startups	startup	NOUN
cblr-10941	124	54	that	that	PRON
cblr-10941	124	55	develop	develop	VERB
cblr-10941	124	56	software	software	NOUN
cblr-10941	124	57	,	,	PUNCT
cblr-10941	124	58	because	because	SCONJ
cblr-10941	124	59	it	it	PRON
cblr-10941	124	60	can	can	AUX
cblr-10941	124	61	scale	scale	VERB
cblr-10941	124	62	faster	fast	ADV
cblr-10941	124	63	than	than	SCONJ
cblr-10941	124	64	other	other	ADJ
cblr-10941	124	65	technologies.35	technologies.35	NOUN
cblr-10941	124	66	startups	startup	NOUN
cblr-10941	124	67	that	that	PRON
cblr-10941	124	68	focus	focus	VERB
cblr-10941	124	69	on	on	ADP
cblr-10941	124	70	atoms	atom	NOUN
cblr-10941	124	71	,	,	PUNCT
cblr-10941	124	72	not	not	PART
cblr-10941	124	73	bits	bit	NOUN
cblr-10941	124	74	—	—	PUNCT
cblr-10941	124	75	hardware	hardware	NOUN
cblr-10941	124	76	,	,	PUNCT
cblr-10941	124	77	materials	material	NOUN
cblr-10941	124	78	,	,	PUNCT
cblr-10941	124	79	and	and	CCONJ
cblr-10941	124	80	energy	energy	NOUN
cblr-10941	124	81	technology	technology	NOUN
cblr-10941	124	82	—	—	PUNCT
cblr-10941	124	83	are	be	AUX
cblr-10941	124	84	receiving	receive	VERB
cblr-10941	124	85	a	a	DET
cblr-10941	124	86	smaller	small	ADJ
cblr-10941	124	87	share	share	NOUN
cblr-10941	124	88	of	of	ADP
cblr-10941	124	89	capital.36	capital.36	VERB
cblr-10941	124	90	these	these	DET
cblr-10941	124	91	market	market	NOUN
cblr-10941	124	92	dynamics	dynamic	NOUN
cblr-10941	124	93	may	may	AUX
cblr-10941	124	94	be	be	AUX
cblr-10941	124	95	leading	lead	VERB
cblr-10941	124	96	vcs	vcs	PROPN
cblr-10941	124	97	to	to	PART
cblr-10941	124	98	pass	pass	VERB
cblr-10941	124	99	on	on	ADP
cblr-10941	124	100	transformative	transformative	ADJ
cblr-10941	124	101	technologies	technology	NOUN
cblr-10941	124	102	.	.	PUNCT
cblr-10941	125	1	in	in	ADP
cblr-10941	125	2	the	the	DET
cblr-10941	125	3	words	word	NOUN
cblr-10941	125	4	of	of	ADP
cblr-10941	125	5	one	one	NUM
cblr-10941	125	6	infamous	infamous	ADJ
cblr-10941	125	7	vc	vc	NOUN
cblr-10941	125	8	:	:	PUNCT
cblr-10941	125	9	“	"	PUNCT
cblr-10941	125	10	we	we	PRON
cblr-10941	125	11	wanted	want	VERB
cblr-10941	125	12	flying	fly	VERB
cblr-10941	125	13	cars	car	NOUN
cblr-10941	125	14	,	,	PUNCT
cblr-10941	125	15	instead	instead	ADV
cblr-10941	125	16	we	we	PRON
cblr-10941	125	17	got	get	VERB
cblr-10941	125	18	140	140	NUM
cblr-10941	125	19	characters	character	NOUN
cblr-10941	125	20	.	.	PUNCT
cblr-10941	126	1	”37	”37	PUNCT
cblr-10941	127	1	but	but	CCONJ
cblr-10941	127	2	there	there	PRON
cblr-10941	127	3	’s	’	VERB
cblr-10941	127	4	new	new	ADJ
cblr-10941	127	5	hope	hope	NOUN
cblr-10941	127	6	for	for	ADP
cblr-10941	127	7	flying	fly	VERB
cblr-10941	127	8	cars	car	NOUN
cblr-10941	127	9	—	—	PUNCT
cblr-10941	127	10	and	and	CCONJ
cblr-10941	127	11	other	other	ADJ
cblr-10941	127	12	,	,	PUNCT
cblr-10941	127	13	more	more	ADV
cblr-10941	127	14	socially	socially	ADV
cblr-10941	127	15	valuable	valuable	ADJ
cblr-10941	127	16	technologies	technology	NOUN
cblr-10941	127	17	.	.	PUNCT
cblr-10941	128	1	in	in	ADP
cblr-10941	128	2	the	the	DET
cblr-10941	128	3	past	past	ADJ
cblr-10941	128	4	several	several	ADJ
cblr-10941	128	5	years	year	NOUN
cblr-10941	128	6	,	,	PUNCT
cblr-10941	128	7	a	a	DET
cblr-10941	128	8	new	new	ADJ
cblr-10941	128	9	structure	structure	NOUN
cblr-10941	128	10	designed	design	VERB
cblr-10941	128	11	to	to	PART
cblr-10941	128	12	commercialize	commercialize	VERB
cblr-10941	128	13	long	long	ADJ
cblr-10941	128	14	-	-	PUNCT
cblr-10941	128	15	term	term	NOUN
cblr-10941	128	16	innovations	innovation	NOUN
cblr-10941	128	17	has	have	AUX
cblr-10941	128	18	emerged	emerge	VERB
cblr-10941	128	19	.	.	PUNCT
cblr-10941	129	1	i	i	PRON
cblr-10941	129	2	call	call	VERB
cblr-10941	129	3	it	it	PRON
cblr-10941	129	4	the	the	DET
cblr-10941	129	5	“	"	PUNCT
cblr-10941	129	6	venture	venture	NOUN
cblr-10941	129	7	carveout	carveout	NOUN
cblr-10941	129	8	.	.	PUNCT
cblr-10941	129	9	”	"	PUNCT
cblr-10941	130	1	a	a	DET
cblr-10941	130	2	venture	venture	NOUN
cblr-10941	130	3	carveout	carveout	NOUN
cblr-10941	130	4	is	be	AUX
cblr-10941	130	5	a	a	DET
cblr-10941	130	6	private	private	ADJ
cblr-10941	130	7	company	company	NOUN
cblr-10941	130	8	with	with	ADP
cblr-10941	130	9	one	one	NUM
cblr-10941	130	10	or	or	CCONJ
cblr-10941	130	11	two	two	NUM
cblr-10941	130	12	public	public	ADJ
cblr-10941	130	13	company	company	NOUN
cblr-10941	130	14	parents	parent	NOUN
cblr-10941	130	15	,	,	PUNCT
cblr-10941	130	16	outside	outside	ADP
cblr-10941	130	17	private	private	ADJ
cblr-10941	130	18	investors	investor	NOUN
cblr-10941	130	19	,	,	PUNCT
cblr-10941	130	20	and	and	CCONJ
cblr-10941	130	21	employee	employee	NOUN
cblr-10941	130	22	ownership	ownership	NOUN
cblr-10941	130	23	.	.	PUNCT
cblr-10941	131	1	in	in	ADP
cblr-10941	131	2	the	the	DET
cblr-10941	131	3	language	language	NOUN
cblr-10941	131	4	of	of	ADP
cblr-10941	131	5	corporate	corporate	ADJ
cblr-10941	131	6	finance	finance	NOUN
cblr-10941	131	7	,	,	PUNCT
cblr-10941	131	8	the	the	DET
cblr-10941	131	9	parent	parent	NOUN
cblr-10941	131	10	“	"	PUNCT
cblr-10941	131	11	carves	carve	VERB
cblr-10941	131	12	out	out	ADP
cblr-10941	131	13	”	"	PUNCT
cblr-10941	131	14	part	part	NOUN
cblr-10941	131	15	of	of	ADP
cblr-10941	131	16	the	the	DET
cblr-10941	131	17	equity	equity	NOUN
cblr-10941	131	18	of	of	ADP
cblr-10941	131	19	its	its	PRON
cblr-10941	131	20	subsidiary	subsidiary	NOUN
cblr-10941	131	21	so	so	SCONJ
cblr-10941	131	22	that	that	SCONJ
cblr-10941	131	23	outside	outside	ADJ
cblr-10941	131	24	investors	investor	NOUN
cblr-10941	131	25	and	and	CCONJ
cblr-10941	131	26	employees	employee	NOUN
cblr-10941	131	27	can	can	AUX
cblr-10941	131	28	own	own	VERB
cblr-10941	131	29	part	part	NOUN
cblr-10941	131	30	of	of	ADP
cblr-10941	131	31	the	the	DET
cblr-10941	131	32	new	new	ADJ
cblr-10941	131	33	company	company	NOUN
cblr-10941	131	34	.	.	PUNCT
cblr-10941	132	1	the	the	DET
cblr-10941	132	2	first	first	ADJ
cblr-10941	132	3	venture	venture	NOUN
cblr-10941	132	4	carveouts	carveout	NOUN
cblr-10941	132	5	were	be	AUX
cblr-10941	132	6	formed	form	VERB
cblr-10941	132	7	in	in	ADP
cblr-10941	132	8	response	response	NOUN
cblr-10941	132	9	to	to	ADP
cblr-10941	132	10	the	the	DET
cblr-10941	132	11	agency	agency	NOUN
cblr-10941	132	12	problems	problem	NOUN
cblr-10941	132	13	of	of	ADP
cblr-10941	132	14	developing	develop	VERB
cblr-10941	132	15	a	a	DET
cblr-10941	132	16	particularly	particularly	ADV
cblr-10941	132	17	expensive	expensive	ADJ
cblr-10941	132	18	and	and	CCONJ
cblr-10941	132	19	complex	complex	ADJ
cblr-10941	132	20	technology	technology	NOUN
cblr-10941	132	21	—	—	PUNCT
cblr-10941	132	22	autonomous	autonomous	ADJ
cblr-10941	132	23	vehicles	vehicle	NOUN
cblr-10941	132	24	(	(	PUNCT
cblr-10941	132	25	avs).38	avs).38	NOUN
cblr-10941	132	26	32	32	NUM
cblr-10941	132	27	see	see	VERB
cblr-10941	132	28	mark	mark	PROPN
cblr-10941	132	29	a.	a.	PROPN
cblr-10941	132	30	lemley	lemley	PROPN
cblr-10941	132	31	&	&	CCONJ
cblr-10941	132	32	andrew	andrew	PROPN
cblr-10941	132	33	mccreary	mccreary	PROPN
cblr-10941	132	34	,	,	PUNCT
cblr-10941	132	35	exit	exit	NOUN
cblr-10941	132	36	strategy	strategy	NOUN
cblr-10941	132	37	,	,	PUNCT
cblr-10941	132	38	101	101	NUM
cblr-10941	132	39	b.u	b.u	PROPN
cblr-10941	132	40	.	.	PROPN
cblr-10941	132	41	l.	l.	PROPN
cblr-10941	132	42	rev	rev	PROPN
cblr-10941	132	43	.	.	PROPN
cblr-10941	132	44	1	1	NUM
cblr-10941	132	45	,	,	PUNCT
cblr-10941	132	46	18	18	NUM
cblr-10941	132	47	(	(	PUNCT
cblr-10941	132	48	2021	2021	NUM
cblr-10941	132	49	)	)	PUNCT
cblr-10941	132	50	.	.	PUNCT
cblr-10941	133	1	33	33	NUM
cblr-10941	133	2	see	see	VERB
cblr-10941	133	3	i	i	PRON
cblr-10941	133	4	d.	d.	PROPN
cblr-10941	133	5	at	at	ADP
cblr-10941	133	6	19	19	NUM
cblr-10941	133	7	(	(	PUNCT
cblr-10941	133	8	providing	provide	VERB
cblr-10941	133	9	evidence	evidence	NOUN
cblr-10941	133	10	that	that	SCONJ
cblr-10941	133	11	in	in	ADP
cblr-10941	133	12	2014	2014	NUM
cblr-10941	133	13	,	,	PUNCT
cblr-10941	133	14	“	"	PUNCT
cblr-10941	133	15	eight	eight	NUM
cblr-10941	133	16	of	of	ADP
cblr-10941	133	17	the	the	DET
cblr-10941	133	18	ten	ten	NUM
cblr-10941	133	19	largest	large	ADJ
cblr-10941	133	20	disclosed	disclose	VERB
cblr-10941	133	21	acquisitions	acquisition	NOUN
cblr-10941	133	22	appear	appear	VERB
cblr-10941	133	23	to	to	PART
cblr-10941	133	24	have	have	AUX
cblr-10941	133	25	been	be	AUX
cblr-10941	133	26	by	by	ADP
cblr-10941	133	27	incumbents	incumbent	NOUN
cblr-10941	133	28	of	of	ADP
cblr-10941	133	29	nascent	nascent	ADJ
cblr-10941	133	30	or	or	CCONJ
cblr-10941	133	31	potential	potential	ADJ
cblr-10941	133	32	rivals	rival	NOUN
cblr-10941	133	33	”	"	PUNCT
cblr-10941	133	34	)	)	PUNCT
cblr-10941	133	35	.	.	PUNCT
cblr-10941	134	1	34	34	NUM
cblr-10941	134	2	see	see	VERB
cblr-10941	134	3	colleen	colleen	PROPN
cblr-10941	134	4	cunningham	cunningham	PROPN
cblr-10941	134	5	et	et	PROPN
cblr-10941	134	6	al	al	PROPN
cblr-10941	134	7	.	.	PROPN
cblr-10941	134	8	,	,	PUNCT
cblr-10941	134	9	killer	killer	NOUN
cblr-10941	134	10	acquisitions	acquisition	NOUN
cblr-10941	134	11	,	,	PUNCT
cblr-10941	134	12	129	129	NUM
cblr-10941	134	13	j.	j.	PROPN
cblr-10941	134	14	pol	pol	PROPN
cblr-10941	134	15	.	.	PUNCT
cblr-10941	135	1	econ	econ	PROPN
cblr-10941	135	2	.	.	PUNCT
cblr-10941	136	1	649	649	NUM
cblr-10941	136	2	,	,	PUNCT
cblr-10941	136	3	691–94	691–94	NOUN
cblr-10941	136	4	(	(	PUNCT
cblr-10941	136	5	2021	2021	NUM
cblr-10941	136	6	)	)	PUNCT
cblr-10941	136	7	(	(	PUNCT
cblr-10941	136	8	estimating	estimate	VERB
cblr-10941	136	9	that	that	SCONJ
cblr-10941	136	10	5.3–7.4	5.3–7.4	NUM
cblr-10941	136	11	%	%	NOUN
cblr-10941	136	12	of	of	ADP
cblr-10941	136	13	pharmaceutical	pharmaceutical	ADJ
cblr-10941	136	14	acquisitions	acquisition	NOUN
cblr-10941	136	15	are	be	AUX
cblr-10941	136	16	killer	killer	NOUN
cblr-10941	136	17	acquisitions	acquisition	NOUN
cblr-10941	136	18	)	)	PUNCT
cblr-10941	136	19	.	.	PUNCT
cblr-10941	137	1	35	35	NUM
cblr-10941	137	2	see	see	VERB
cblr-10941	137	3	lerner	lerner	PROPN
cblr-10941	137	4	&	&	CCONJ
cblr-10941	137	5	nanda	nanda	PROPN
cblr-10941	137	6	,	,	PUNCT
cblr-10941	137	7	supra	supra	PROPN
cblr-10941	137	8	note	note	NOUN
cblr-10941	137	9	28	28	NUM
cblr-10941	137	10	,	,	PUNCT
cblr-10941	137	11	at	at	ADP
cblr-10941	137	12	245–48	245–48	NUM
cblr-10941	137	13	.	.	PUNCT
cblr-10941	138	1	36	36	NUM
cblr-10941	138	2	see	see	VERB
cblr-10941	138	3	i	i	PRON
cblr-10941	138	4	d.	d.	PROPN
cblr-10941	138	5	37	37	NUM
cblr-10941	138	6	dan	dan	PROPN
cblr-10941	138	7	wang	wang	PROPN
cblr-10941	138	8	,	,	PUNCT
cblr-10941	138	9	why	why	SCONJ
cblr-10941	138	10	is	be	AUX
cblr-10941	138	11	peter	peter	PROPN
cblr-10941	138	12	thiel	thiel	PROPN
cblr-10941	138	13	pessimistic	pessimistic	ADJ
cblr-10941	138	14	about	about	ADP
cblr-10941	138	15	technological	technological	ADJ
cblr-10941	138	16	innovation	innovation	NOUN
cblr-10941	138	17	?	?	PUNCT
cblr-10941	138	18	,	,	PUNCT
cblr-10941	138	19	medium	medium	NOUN
cblr-10941	138	20	(	(	PUNCT
cblr-10941	138	21	sept	sept	PROPN
cblr-10941	138	22	.	.	PROPN
cblr-10941	138	23	10	10	NUM
cblr-10941	138	24	,	,	PUNCT
cblr-10941	138	25	2014	2014	NUM
cblr-10941	138	26	)	)	PUNCT
cblr-10941	138	27	,	,	PUNCT
cblr-10941	138	28	https://medium.com/@danwwang/why-is-peter-thiel-pessimistic-about-thefuture-of-technology-d2897f9659bb	https://medium.com/@danwwang/why-is-peter-thiel-pessimistic-about-thefuture-of-technology-d2897f9659bb	X
cblr-10941	139	1	[	[	X
cblr-10941	139	2	https://perma.cc/6jgt-ugbz	https://perma.cc/6jgt-ugbz	X
cblr-10941	139	3	]	]	PUNCT
cblr-10941	139	4	.	.	PUNCT
cblr-10941	140	1	38	38	NUM
cblr-10941	140	2	see	see	VERB
cblr-10941	140	3	infra	infra	NOUN
cblr-10941	140	4	section	section	NOUN
cblr-10941	140	5	iv.a	iv.a	VERB
cblr-10941	140	6	.	.	PUNCT
cblr-10941	141	1	868	868	NUM
cblr-10941	141	2	columbia	columbia	PROPN
cblr-10941	141	3	business	business	NOUN
cblr-10941	141	4	law	law	PROPN
cblr-10941	141	5	review	review	NOUN
cblr-10941	141	6	[	[	X
cblr-10941	141	7	vol	vol	NOUN
cblr-10941	141	8	.	.	PUNCT
cblr-10941	141	9	2022	2022	NUM
cblr-10941	141	10	the	the	DET
cblr-10941	141	11	deployment	deployment	NOUN
cblr-10941	141	12	of	of	ADP
cblr-10941	141	13	avs	avs	PROPN
cblr-10941	141	14	could	could	AUX
cblr-10941	141	15	transform	transform	VERB
cblr-10941	141	16	society	society	NOUN
cblr-10941	141	17	.	.	PUNCT
cblr-10941	142	1	avs	avs	PROPN
cblr-10941	142	2	could	could	AUX
cblr-10941	142	3	dramatically	dramatically	ADV
cblr-10941	142	4	cut	cut	VERB
cblr-10941	142	5	traffic	traffic	NOUN
cblr-10941	142	6	fatalities	fatality	NOUN
cblr-10941	142	7	,	,	PUNCT
cblr-10941	142	8	increase	increase	VERB
cblr-10941	142	9	mobility	mobility	NOUN
cblr-10941	142	10	for	for	ADP
cblr-10941	142	11	seniors	senior	NOUN
cblr-10941	142	12	and	and	CCONJ
cblr-10941	142	13	people	people	NOUN
cblr-10941	142	14	with	with	ADP
cblr-10941	142	15	disabilities	disability	NOUN
cblr-10941	142	16	,	,	PUNCT
cblr-10941	142	17	and	and	CCONJ
cblr-10941	142	18	free	free	VERB
cblr-10941	142	19	up	up	ADP
cblr-10941	142	20	time	time	NOUN
cblr-10941	142	21	spent	spend	VERB
cblr-10941	142	22	on	on	ADP
cblr-10941	142	23	driving.39	driving.39	NOUN
cblr-10941	142	24	but	but	CCONJ
cblr-10941	142	25	developing	develop	VERB
cblr-10941	142	26	avs	avs	NOUN
cblr-10941	142	27	will	will	AUX
cblr-10941	142	28	take	take	VERB
cblr-10941	142	29	a	a	DET
cblr-10941	142	30	tremendous	tremendous	ADJ
cblr-10941	142	31	amount	amount	NOUN
cblr-10941	142	32	of	of	ADP
cblr-10941	142	33	time	time	NOUN
cblr-10941	142	34	and	and	CCONJ
cblr-10941	142	35	money	money	NOUN
cblr-10941	142	36	.	.	PUNCT
cblr-10941	143	1	companies	company	NOUN
cblr-10941	143	2	have	have	AUX
cblr-10941	143	3	been	be	AUX
cblr-10941	143	4	working	work	VERB
cblr-10941	143	5	to	to	PART
cblr-10941	143	6	commercialize	commercialize	VERB
cblr-10941	143	7	the	the	DET
cblr-10941	143	8	technology	technology	NOUN
cblr-10941	143	9	for	for	ADP
cblr-10941	143	10	more	more	ADJ
cblr-10941	143	11	than	than	SCONJ
cblr-10941	143	12	a	a	DET
cblr-10941	143	13	decade.40	decade.40	NOUN
cblr-10941	143	14	investors	investor	NOUN
cblr-10941	143	15	have	have	AUX
cblr-10941	143	16	poured	pour	VERB
cblr-10941	143	17	in	in	ADP
cblr-10941	143	18	more	more	ADJ
cblr-10941	143	19	than	than	ADP
cblr-10941	143	20	$	$	SYM
cblr-10941	143	21	16	16	NUM
cblr-10941	143	22	billion	billion	NUM
cblr-10941	143	23	of	of	ADP
cblr-10941	143	24	capital.41	capital.41	PRON
cblr-10941	143	25	the	the	DET
cblr-10941	143	26	federal	federal	ADJ
cblr-10941	143	27	government	government	NOUN
cblr-10941	143	28	,	,	PUNCT
cblr-10941	143	29	academic	academic	ADJ
cblr-10941	143	30	labs	lab	NOUN
cblr-10941	143	31	,	,	PUNCT
cblr-10941	143	32	and	and	CCONJ
cblr-10941	143	33	venture	venture	NOUN
cblr-10941	143	34	-	-	PUNCT
cblr-10941	143	35	backed	back	VERB
cblr-10941	143	36	startups	startup	NOUN
cblr-10941	143	37	have	have	AUX
cblr-10941	143	38	all	all	ADV
cblr-10941	143	39	played	play	VERB
cblr-10941	143	40	a	a	DET
cblr-10941	143	41	role	role	NOUN
cblr-10941	143	42	in	in	ADP
cblr-10941	143	43	developing	develop	VERB
cblr-10941	143	44	the	the	DET
cblr-10941	143	45	technology.42	technology.42	NOUN
cblr-10941	143	46	but	but	CCONJ
cblr-10941	143	47	now	now	ADV
cblr-10941	143	48	most	most	ADJ
cblr-10941	143	49	of	of	ADP
cblr-10941	143	50	the	the	DET
cblr-10941	143	51	leading	lead	VERB
cblr-10941	143	52	players	player	NOUN
cblr-10941	143	53	in	in	ADP
cblr-10941	143	54	the	the	DET
cblr-10941	143	55	industry	industry	NOUN
cblr-10941	143	56	have	have	AUX
cblr-10941	143	57	converged	converge	VERB
cblr-10941	143	58	on	on	ADP
cblr-10941	143	59	the	the	DET
cblr-10941	143	60	venture	venture	NOUN
cblr-10941	143	61	carveout	carveout	NOUN
cblr-10941	143	62	structure.43	structure.43	PRON
cblr-10941	143	63	consider	consider	VERB
cblr-10941	143	64	cruise	cruise	NOUN
cblr-10941	143	65	,	,	PUNCT
cblr-10941	143	66	the	the	DET
cblr-10941	143	67	first	first	ADJ
cblr-10941	143	68	venture	venture	NOUN
cblr-10941	143	69	carveout	carveout	NOUN
cblr-10941	143	70	.	.	PUNCT
cblr-10941	144	1	cruise	cruise	NOUN
cblr-10941	144	2	is	be	AUX
cblr-10941	144	3	a	a	DET
cblr-10941	144	4	privately	privately	ADV
cblr-10941	144	5	-	-	PUNCT
cblr-10941	144	6	held	hold	VERB
cblr-10941	144	7	delaware	delaware	PROPN
cblr-10941	144	8	limited	limited	PROPN
cblr-10941	144	9	liability	liability	NOUN
cblr-10941	144	10	company	company	NOUN
cblr-10941	144	11	(	(	PUNCT
cblr-10941	144	12	llc).44	llc).44	VERB
cblr-10941	144	13	it	it	PRON
cblr-10941	144	14	was	be	AUX
cblr-10941	144	15	born	bear	VERB
cblr-10941	144	16	as	as	ADP
cblr-10941	144	17	a	a	DET
cblr-10941	144	18	venture	venture	NOUN
cblr-10941	144	19	-	-	PUNCT
cblr-10941	144	20	backed	back	VERB
cblr-10941	144	21	startup.45	startup.45	ADJ
cblr-10941	144	22	general	general	ADJ
cblr-10941	144	23	motors	motor	NOUN
cblr-10941	144	24	(	(	PUNCT
cblr-10941	144	25	gm	gm	PROPN
cblr-10941	144	26	)	)	PUNCT
cblr-10941	144	27	acquired	acquire	VERB
cblr-10941	144	28	it	it	PRON
cblr-10941	144	29	in	in	ADP
cblr-10941	144	30	2016.46	2016.46	NUM
cblr-10941	144	31	after	after	ADP
cblr-10941	144	32	the	the	DET
cblr-10941	144	33	acquisition	acquisition	NOUN
cblr-10941	144	34	,	,	PUNCT
cblr-10941	144	35	gm	gm	PROPN
cblr-10941	144	36	let	let	VERB
cblr-10941	144	37	cruise	cruise	PROPN
cblr-10941	144	38	39	39	NUM
cblr-10941	144	39	see	see	VERB
cblr-10941	144	40	james	james	PROPN
cblr-10941	144	41	m.	m.	PROPN
cblr-10941	144	42	anderson	anderson	PROPN
cblr-10941	144	43	et	et	PROPN
cblr-10941	144	44	al	al	PROPN
cblr-10941	144	45	.	.	PROPN
cblr-10941	144	46	,	,	PUNCT
cblr-10941	144	47	autonomous	autonomous	ADJ
cblr-10941	144	48	vehicle	vehicle	NOUN
cblr-10941	144	49	technology	technology	NOUN
cblr-10941	144	50	9–40	9–40	PROPN
cblr-10941	144	51	(	(	PUNCT
cblr-10941	144	52	2016	2016	NUM
cblr-10941	144	53	)	)	PUNCT
cblr-10941	144	54	,	,	PUNCT
cblr-10941	144	55	https://www.rand.org/content/dam/rand/pubs/research_reports/rr400/rr4	https://www.rand.org/content/dam/rand/pubs/research_reports/rr400/rr4	PROPN
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cblr-10941	144	57	-	-	SYM
cblr-10941	144	58	2	2	NUM
cblr-10941	144	59	/	/	SYM
cblr-10941	144	60	rand_rr443	rand_rr443	NOUN
cblr-10941	144	61	-	-	NOUN
cblr-10941	144	62	2.pdf	2.pdf	NOUN
cblr-10941	145	1	[	[	X
cblr-10941	145	2	https://perma.cc/b7pn-qwet	https://perma.cc/b7pn-qwet	NOUN
cblr-10941	145	3	]	]	X
cblr-10941	145	4	(	(	PUNCT
cblr-10941	145	5	assessing	assess	VERB
cblr-10941	145	6	the	the	DET
cblr-10941	145	7	costs	cost	NOUN
cblr-10941	145	8	and	and	CCONJ
cblr-10941	145	9	benefits	benefit	NOUN
cblr-10941	145	10	of	of	ADP
cblr-10941	145	11	av	av	PROPN
cblr-10941	145	12	technology	technology	NOUN
cblr-10941	145	13	)	)	PUNCT
cblr-10941	145	14	.	.	PUNCT
cblr-10941	146	1	40	40	NUM
cblr-10941	146	2	see	see	VERB
cblr-10941	146	3	john	john	PROPN
cblr-10941	146	4	markoff	markoff	PROPN
cblr-10941	146	5	,	,	PUNCT
cblr-10941	146	6	google	google	PROPN
cblr-10941	146	7	cars	car	NOUN
cblr-10941	146	8	drive	drive	VERB
cblr-10941	146	9	themselves	themselves	PRON
cblr-10941	146	10	,	,	PUNCT
cblr-10941	146	11	in	in	ADP
cblr-10941	146	12	traffic	traffic	NOUN
cblr-10941	146	13	,	,	PUNCT
cblr-10941	146	14	n.y	n.y	PROPN
cblr-10941	146	15	.	.	PROPN
cblr-10941	146	16	times	times	PROPN
cblr-10941	146	17	(	(	PUNCT
cblr-10941	146	18	oct	oct	PROPN
cblr-10941	146	19	.	.	PROPN
cblr-10941	146	20	9	9	NUM
cblr-10941	146	21	,	,	PUNCT
cblr-10941	146	22	2010	2010	NUM
cblr-10941	146	23	)	)	PUNCT
cblr-10941	146	24	,	,	PUNCT
cblr-10941	146	25	https://www.nytimes.com/2010/10/10/science/10google.html	https://www.nytimes.com/2010/10/10/science/10google.html	PROPN
cblr-10941	146	26	[	[	X
cblr-10941	146	27	https://perma.cc/b4uj-qyn2	https://perma.cc/b4uj-qyn2	X
cblr-10941	146	28	]	]	X
cblr-10941	146	29	(	(	PUNCT
cblr-10941	146	30	disclosing	disclose	VERB
cblr-10941	146	31	google	google	PROPN
cblr-10941	146	32	’s	’s	PART
cblr-10941	146	33	av	av	PROPN
cblr-10941	146	34	project	project	NOUN
cblr-10941	146	35	for	for	ADP
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cblr-10941	146	37	first	first	ADJ
cblr-10941	146	38	time	time	NOUN
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cblr-10941	146	40	.	.	PUNCT
cblr-10941	147	1	41	41	NUM
cblr-10941	147	2	amir	amir	PROPN
cblr-10941	147	3	efrati	efrati	NOUN
cblr-10941	147	4	,	,	PUNCT
cblr-10941	147	5	money	money	NOUN
cblr-10941	147	6	pit	pit	NOUN
cblr-10941	147	7	:	:	PUNCT
cblr-10941	147	8	self	self	NOUN
cblr-10941	147	9	-	-	PUNCT
cblr-10941	147	10	driving	drive	VERB
cblr-10941	147	11	cars	car	NOUN
cblr-10941	147	12	’	'	PUNCT
cblr-10941	147	13	$	$	SYM
cblr-10941	147	14	16	16	NUM
cblr-10941	147	15	billion	billion	NUM
cblr-10941	147	16	cash	cash	NOUN
cblr-10941	147	17	burn	burn	NOUN
cblr-10941	147	18	,	,	PUNCT
cblr-10941	147	19	the	the	DET
cblr-10941	147	20	information	information	NOUN
cblr-10941	147	21	(	(	PUNCT
cblr-10941	147	22	feb	feb	PROPN
cblr-10941	147	23	.	.	PROPN
cblr-10941	147	24	5	5	NUM
cblr-10941	147	25	,	,	PUNCT
cblr-10941	147	26	2020	2020	NUM
cblr-10941	147	27	,	,	PUNCT
cblr-10941	147	28	7:01	7:01	NUM
cblr-10941	147	29	am	am	NOUN
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cblr-10941	147	31	,	,	PUNCT
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cblr-10941	147	33	(	(	PUNCT
cblr-10941	147	34	on	on	ADP
cblr-10941	147	35	file	file	NOUN
cblr-10941	147	36	with	with	ADP
cblr-10941	147	37	the	the	DET
cblr-10941	147	38	columbia	columbia	PROPN
cblr-10941	147	39	business	business	PROPN
cblr-10941	147	40	law	law	PROPN
cblr-10941	147	41	review	review	PROPN
cblr-10941	147	42	)	)	PUNCT
cblr-10941	147	43	.	.	PUNCT
cblr-10941	148	1	42	42	NUM
cblr-10941	148	2	see	see	VERB
cblr-10941	148	3	infra	infra	NOUN
cblr-10941	148	4	section	section	NOUN
cblr-10941	148	5	v.a	v.a	PROPN
cblr-10941	148	6	and	and	CCONJ
cblr-10941	148	7	accompanying	accompanying	ADJ
cblr-10941	148	8	notes	note	NOUN
cblr-10941	148	9	.	.	PUNCT
cblr-10941	149	1	43	43	NUM
cblr-10941	149	2	see	see	VERB
cblr-10941	149	3	infra	infra	NOUN
cblr-10941	149	4	section	section	NOUN
cblr-10941	149	5	v.a	v.a	PROPN
cblr-10941	149	6	and	and	CCONJ
cblr-10941	149	7	accompanying	accompanying	ADJ
cblr-10941	149	8	notes	note	NOUN
cblr-10941	149	9	.	.	PUNCT
cblr-10941	150	1	44	44	NUM
cblr-10941	150	2	gm	gm	PROPN
cblr-10941	150	3	cruise	cruise	PROPN
cblr-10941	150	4	holdings	holdings	PROPN
cblr-10941	150	5	llc	llc	PROPN
cblr-10941	150	6	,	,	PUNCT
cblr-10941	150	7	fifth	fifth	ADV
cblr-10941	150	8	amended	amend	VERB
cblr-10941	150	9	and	and	CCONJ
cblr-10941	150	10	restated	restate	VERB
cblr-10941	150	11	limited	limited	ADJ
cblr-10941	150	12	liability	liability	NOUN
cblr-10941	150	13	company	company	NOUN
cblr-10941	150	14	agreement	agreement	NOUN
cblr-10941	150	15	§	§	PROPN
cblr-10941	150	16	1.02	1.02	NUM
cblr-10941	150	17	(	(	PUNCT
cblr-10941	150	18	dec	dec	PROPN
cblr-10941	150	19	.	.	PROPN
cblr-10941	150	20	18	18	NUM
cblr-10941	150	21	,	,	PUNCT
cblr-10941	150	22	2019	2019	NUM
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cblr-10941	150	24	,	,	PUNCT
cblr-10941	150	25	https://www.sec.gov/archives/edgar/data/1467858/000146785820000028/ex	https://www.sec.gov/archives/edgar/data/1467858/000146785820000028/ex	X
cblr-10941	150	26	-1028xcruisexfifthar.htm	-1028xcruisexfifthar.htm	PUNCT
cblr-10941	151	1	[	[	X
cblr-10941	151	2	https://perma.cc/gzh3-gjsf	https://perma.cc/gzh3-gjsf	X
cblr-10941	151	3	]	]	X
cblr-10941	152	1	[	[	X
cblr-10941	152	2	hereinafter	hereinafter	NOUN
cblr-10941	152	3	cruise	cruise	NOUN
cblr-10941	152	4	agreement	agreement	NOUN
cblr-10941	152	5	]	]	PUNCT
cblr-10941	152	6	.	.	PUNCT
cblr-10941	153	1	45	45	NUM
cblr-10941	153	2	see	see	VERB
cblr-10941	153	3	bill	bill	PROPN
cblr-10941	153	4	vlasic	vlasic	PROPN
cblr-10941	153	5	&	&	CCONJ
cblr-10941	153	6	mike	mike	PROPN
cblr-10941	153	7	isaac	isaac	PROPN
cblr-10941	153	8	,	,	PUNCT
cblr-10941	153	9	general	general	PROPN
cblr-10941	153	10	motors	motor	NOUN
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cblr-10941	153	13	cruise	cruise	NOUN
cblr-10941	153	14	automation	automation	NOUN
cblr-10941	153	15	in	in	ADP
cblr-10941	153	16	push	push	NOUN
cblr-10941	153	17	for	for	ADP
cblr-10941	153	18	self	self	NOUN
cblr-10941	153	19	-	-	PUNCT
cblr-10941	153	20	driving	drive	VERB
cblr-10941	153	21	cars	car	NOUN
cblr-10941	153	22	,	,	PUNCT
cblr-10941	153	23	n.y	n.y	PROPN
cblr-10941	153	24	.	.	PROPN
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cblr-10941	153	26	(	(	PUNCT
cblr-10941	153	27	mar	mar	PROPN
cblr-10941	153	28	.	.	PROPN
cblr-10941	153	29	11	11	NUM
cblr-10941	153	30	,	,	PUNCT
cblr-10941	153	31	2016	2016	NUM
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cblr-10941	153	33	,	,	PUNCT
cblr-10941	153	34	https://www.nytimes.com/2016/03/12/business/general-motors-to-buycruise-automation-in-push-for-self-driving-cars.html	https://www.nytimes.com/2016/03/12/business/general-motors-to-buycruise-automation-in-push-for-self-driving-cars.html	VERB
cblr-10941	154	1	[	[	X
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cblr-10941	157	3	moonshots	moonshot	NOUN
cblr-10941	157	4	869	869	NUM
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cblr-10941	157	6	some	some	DET
cblr-10941	157	7	operational	operational	ADJ
cblr-10941	157	8	autonomy	autonomy	NOUN
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cblr-10941	158	1	then	then	ADV
cblr-10941	158	2	in	in	ADP
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cblr-10941	158	4	,	,	PUNCT
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cblr-10941	158	9	with	with	ADP
cblr-10941	158	10	a	a	DET
cblr-10941	158	11	new	new	ADJ
cblr-10941	158	12	structure	structure	NOUN
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cblr-10941	159	1	cruise	cruise	PROPN
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cblr-10941	159	3	a	a	DET
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cblr-10941	160	4	were	be	AUX
cblr-10941	160	5	granted	grant	VERB
cblr-10941	160	6	equity	equity	NOUN
cblr-10941	160	7	in	in	ADP
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cblr-10941	160	9	,	,	PUNCT
cblr-10941	160	10	not	not	PART
cblr-10941	160	11	in	in	ADP
cblr-10941	160	12	gm.47	gm.47	NOUN
cblr-10941	160	13	cruise	cruise	NOUN
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cblr-10941	160	15	outside	outside	ADJ
cblr-10941	160	16	capital	capital	NOUN
cblr-10941	160	17	from	from	ADP
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cblr-10941	160	30	,	,	PUNCT
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cblr-10941	160	32	japanese	japanese	ADJ
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cblr-10941	160	34	softbank	softbank	NOUN
cblr-10941	160	35	,	,	PUNCT
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cblr-10941	160	39	management	management	NOUN
cblr-10941	160	40	firm	firm	NOUN
cblr-10941	160	41	t.	t.	PROPN
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cblr-10941	160	43	price.48	price.48	PROPN
cblr-10941	160	44	cruise	cruise	PROPN
cblr-10941	160	45	is	be	AUX
cblr-10941	160	46	now	now	ADV
cblr-10941	160	47	valued	value	VERB
cblr-10941	160	48	at	at	ADP
cblr-10941	160	49	over	over	ADP
cblr-10941	160	50	$	$	SYM
cblr-10941	160	51	30	30	NUM
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cblr-10941	160	53	in	in	ADP
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cblr-10941	160	55	last	last	ADJ
cblr-10941	160	56	few	few	ADJ
cblr-10941	160	57	years	year	NOUN
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cblr-10941	160	64	also	also	ADV
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cblr-10941	160	68	:	:	PUNCT
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cblr-10941	160	88	problem	problem	NOUN
cblr-10941	160	89	as	as	ADP
cblr-10941	160	90	a	a	DET
cblr-10941	160	91	venture	venture	NOUN
cblr-10941	160	92	-	-	PUNCT
cblr-10941	160	93	backed	back	VERB
cblr-10941	160	94	startup	startup	NOUN
cblr-10941	160	95	would	would	AUX
cblr-10941	160	96	.	.	PUNCT
cblr-10941	161	1	employees	employee	NOUN
cblr-10941	161	2	receive	receive	VERB
cblr-10941	161	3	stock	stock	NOUN
cblr-10941	161	4	in	in	ADP
cblr-10941	161	5	the	the	DET
cblr-10941	161	6	carveout	carveout	NOUN
cblr-10941	161	7	,	,	PUNCT
cblr-10941	161	8	not	not	PART
cblr-10941	161	9	in	in	ADP
cblr-10941	161	10	the	the	DET
cblr-10941	161	11	parent	parent	NOUN
cblr-10941	161	12	company	company	NOUN
cblr-10941	161	13	.	.	PUNCT
cblr-10941	162	1	their	their	PRON
cblr-10941	162	2	equity	equity	NOUN
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cblr-10941	162	5	them	they	PRON
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cblr-10941	162	7	incentives	incentive	NOUN
cblr-10941	162	8	to	to	PART
cblr-10941	162	9	commercialize	commercialize	VERB
cblr-10941	162	10	the	the	DET
cblr-10941	162	11	carveout	carveout	NOUN
cblr-10941	162	12	’s	’s	PART
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cblr-10941	162	14	.	.	PUNCT
cblr-10941	163	1	the	the	DET
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cblr-10941	163	6	is	be	AUX
cblr-10941	163	7	locked	lock	VERB
cblr-10941	163	8	in	in	ADP
cblr-10941	163	9	until	until	SCONJ
cblr-10941	163	10	the	the	DET
cblr-10941	163	11	carveout	carveout	NOUN
cblr-10941	163	12	is	be	AUX
cblr-10941	163	13	acquired	acquire	VERB
cblr-10941	163	14	or	or	CCONJ
cblr-10941	163	15	has	have	VERB
cblr-10941	163	16	an	an	DET
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cblr-10941	163	18	,	,	PUNCT
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cblr-10941	163	20	motivates	motivate	VERB
cblr-10941	163	21	them	they	PRON
cblr-10941	163	22	to	to	PART
cblr-10941	163	23	bring	bring	VERB
cblr-10941	163	24	a	a	DET
cblr-10941	163	25	product	product	NOUN
cblr-10941	163	26	to	to	ADP
cblr-10941	163	27	market	market	NOUN
cblr-10941	163	28	.	.	PUNCT
cblr-10941	164	1	the	the	DET
cblr-10941	164	2	carveout	carveout	NOUN
cblr-10941	164	3	’s	’s	PART
cblr-10941	164	4	managers	manager	NOUN
cblr-10941	164	5	are	be	AUX
cblr-10941	164	6	technical	technical	ADJ
cblr-10941	164	7	experts	expert	NOUN
cblr-10941	164	8	,	,	PUNCT
cblr-10941	164	9	which	which	PRON
cblr-10941	164	10	makes	make	VERB
cblr-10941	164	11	it	it	PRON
cblr-10941	164	12	easier	easy	ADJ
cblr-10941	164	13	for	for	SCONJ
cblr-10941	164	14	them	they	PRON
cblr-10941	164	15	to	to	PART
cblr-10941	164	16	assess	assess	VERB
cblr-10941	164	17	their	their	PRON
cblr-10941	164	18	employees	employee	NOUN
cblr-10941	164	19	’	’	PART
cblr-10941	164	20	efforts	effort	NOUN
cblr-10941	164	21	on	on	ADP
cblr-10941	164	22	technical	technical	ADJ
cblr-10941	164	23	tasks	task	NOUN
cblr-10941	164	24	.	.	PUNCT
cblr-10941	165	1	venture	venture	NOUN
cblr-10941	165	2	carveouts	carveout	NOUN
cblr-10941	165	3	also	also	ADV
cblr-10941	165	4	borrow	borrow	VERB
cblr-10941	165	5	from	from	ADP
cblr-10941	165	6	vcs	vcs	NOUN
cblr-10941	165	7	’	'	PUNCT
cblr-10941	165	8	strategies	strategy	NOUN
cblr-10941	165	9	to	to	PART
cblr-10941	165	10	mitigate	mitigate	VERB
cblr-10941	165	11	monitoring	monitoring	NOUN
cblr-10941	165	12	costs	cost	NOUN
cblr-10941	165	13	.	.	PUNCT
cblr-10941	166	1	the	the	DET
cblr-10941	166	2	carveout	carveout	NOUN
cblr-10941	166	3	’s	’s	PART
cblr-10941	166	4	investors	investor	NOUN
cblr-10941	166	5	fund	fund	VERB
cblr-10941	166	6	it	it	PRON
cblr-10941	166	7	in	in	ADP
cblr-10941	166	8	stages	stage	NOUN
cblr-10941	166	9	,	,	PUNCT
cblr-10941	166	10	using	use	VERB
cblr-10941	166	11	each	each	DET
cblr-10941	166	12	new	new	ADJ
cblr-10941	166	13	funding	funding	NOUN
cblr-10941	166	14	round	round	NOUN
cblr-10941	166	15	to	to	PART
cblr-10941	166	16	check	check	VERB
cblr-10941	166	17	in	in	ADP
cblr-10941	166	18	on	on	ADP
cblr-10941	166	19	progress	progress	NOUN
cblr-10941	166	20	.	.	PUNCT
cblr-10941	167	1	the	the	DET
cblr-10941	167	2	investments	investment	NOUN
cblr-10941	167	3	are	be	AUX
cblr-10941	167	4	syndicated	syndicate	VERB
cblr-10941	167	5	,	,	PUNCT
cblr-10941	167	6	so	so	SCONJ
cblr-10941	167	7	each	each	DET
cblr-10941	167	8	investor	investor	NOUN
cblr-10941	167	9	can	can	AUX
cblr-10941	167	10	rely	rely	VERB
cblr-10941	167	11	on	on	ADP
cblr-10941	167	12	the	the	DET
cblr-10941	167	13	willingness	willingness	NOUN
cblr-10941	167	14	of	of	ADP
cblr-10941	167	15	the	the	DET
cblr-10941	167	16	other	other	ADJ
cblr-10941	167	17	investors	investor	NOUN
cblr-10941	167	18	to	to	PART
cblr-10941	167	19	keep	keep	VERB
cblr-10941	167	20	funding	fund	VERB
cblr-10941	167	21	the	the	DET
cblr-10941	167	22	carveout	carveout	NOUN
cblr-10941	167	23	as	as	ADP
cblr-10941	167	24	a	a	DET
cblr-10941	167	25	costly	costly	ADJ
cblr-10941	167	26	signal	signal	NOUN
cblr-10941	167	27	of	of	ADP
cblr-10941	167	28	its	its	PRON
cblr-10941	167	29	value	value	NOUN
cblr-10941	167	30	.	.	PUNCT
cblr-10941	168	1	the	the	DET
cblr-10941	168	2	carveout	carveout	NOUN
cblr-10941	168	3	’s	’s	PART
cblr-10941	168	4	investors	investor	NOUN
cblr-10941	168	5	also	also	ADV
cblr-10941	168	6	participate	participate	VERB
cblr-10941	168	7	in	in	ADP
cblr-10941	168	8	board	board	NOUN
cblr-10941	168	9	meetings	meeting	NOUN
cblr-10941	168	10	,	,	PUNCT
cblr-10941	168	11	where	where	SCONJ
cblr-10941	168	12	they	they	PRON
cblr-10941	168	13	can	can	AUX
cblr-10941	168	14	acquire	acquire	VERB
cblr-10941	168	15	private	private	ADJ
cblr-10941	168	16	information	information	NOUN
cblr-10941	168	17	on	on	ADP
cblr-10941	168	18	the	the	DET
cblr-10941	168	19	technology	technology	NOUN
cblr-10941	168	20	’s	’s	PART
cblr-10941	168	21	progress	progress	NOUN
cblr-10941	168	22	.	.	PUNCT
cblr-10941	169	1	47	47	NUM
cblr-10941	169	2	kirsten	kirsten	PROPN
cblr-10941	169	3	korosec	korosec	PROPN
cblr-10941	169	4	,	,	PUNCT
cblr-10941	169	5	in	in	ADP
cblr-10941	169	6	recruiting	recruiting	NOUN
cblr-10941	169	7	win	win	NOUN
cblr-10941	169	8	,	,	PUNCT
cblr-10941	169	9	gm	gm	PROPN
cblr-10941	169	10	’s	’s	PART
cblr-10941	169	11	cruise	cruise	NOUN
cblr-10941	169	12	employees	employee	NOUN
cblr-10941	169	13	offered	offer	VERB
cblr-10941	169	14	equity	equity	NOUN
cblr-10941	169	15	in	in	ADP
cblr-10941	169	16	cruise	cruise	NOUN
cblr-10941	169	17	,	,	PUNCT
cblr-10941	169	18	techcrunch	techcrunch	PROPN
cblr-10941	169	19	(	(	PUNCT
cblr-10941	169	20	aug	aug	PROPN
cblr-10941	169	21	.	.	PROPN
cblr-10941	169	22	31	31	NUM
cblr-10941	169	23	,	,	PUNCT
cblr-10941	169	24	2018	2018	NUM
cblr-10941	169	25	,	,	PUNCT
cblr-10941	169	26	8:00	8:00	NUM
cblr-10941	169	27	pm	pm	NOUN
cblr-10941	169	28	)	)	PUNCT
cblr-10941	169	29	,	,	PUNCT
cblr-10941	169	30	https://techcrunch.com/2018/08/31/in-recruiting-win-gms-cruiseemployees-offered-equity-in-cruise/	https://techcrunch.com/2018/08/31/in-recruiting-win-gms-cruiseemployees-offered-equity-in-cruise/	NOUN
cblr-10941	169	31	[	[	X
cblr-10941	169	32	https://perma.cc/al8z-cfce	https://perma.cc/al8z-cfce	X
cblr-10941	169	33	]	]	X
cblr-10941	169	34	.	.	PUNCT
cblr-10941	170	1	48	48	NUM
cblr-10941	170	2	see	see	VERB
cblr-10941	170	3	infra	infra	NOUN
cblr-10941	170	4	section	section	NOUN
cblr-10941	170	5	iv.a	iv.a	VERB
cblr-10941	170	6	and	and	CCONJ
cblr-10941	170	7	accompanying	accompanying	ADJ
cblr-10941	170	8	notes	note	NOUN
cblr-10941	170	9	.	.	PUNCT
cblr-10941	171	1	49	49	NUM
cblr-10941	171	2	michael	michael	PROPN
cblr-10941	171	3	wayland	wayland	PROPN
cblr-10941	171	4	,	,	PUNCT
cblr-10941	171	5	walmart	walmart	PROPN
cblr-10941	171	6	investing	invest	VERB
cblr-10941	171	7	in	in	ADP
cblr-10941	171	8	gm	gm	PROPN
cblr-10941	171	9	’s	’s	PART
cblr-10941	171	10	cruise	cruise	PROPN
cblr-10941	171	11	self	self	NOUN
cblr-10941	171	12	-	-	PUNCT
cblr-10941	171	13	driving	drive	VERB
cblr-10941	171	14	car	car	NOUN
cblr-10941	171	15	company	company	NOUN
cblr-10941	171	16	,	,	PUNCT
cblr-10941	171	17	cnbc	cnbc	PROPN
cblr-10941	171	18	(	(	PUNCT
cblr-10941	171	19	apr	apr	PROPN
cblr-10941	171	20	.	.	PROPN
cblr-10941	171	21	15	15	NUM
cblr-10941	171	22	,	,	PUNCT
cblr-10941	171	23	2021	2021	NUM
cblr-10941	171	24	,	,	PUNCT
cblr-10941	171	25	9:21	9:21	NUM
cblr-10941	171	26	am	am	NOUN
cblr-10941	171	27	)	)	PUNCT
cblr-10941	171	28	,	,	PUNCT
cblr-10941	171	29	https://www.cnbc.com/2021/04/15/walmart-investing-in-gms-cruise-selfdriving-car-company.html	https://www.cnbc.com/2021/04/15/walmart-investing-in-gms-cruise-selfdriving-car-company.html	PUNCT
cblr-10941	172	1	[	[	X
cblr-10941	172	2	https://perma.cc/a7bc-q7sd	https://perma.cc/a7bc-q7sd	X
cblr-10941	172	3	]	]	SYM
cblr-10941	172	4	.	.	PUNCT
cblr-10941	173	1	50	50	NUM
cblr-10941	173	2	see	see	NOUN
cblr-10941	173	3	infra	infra	NOUN
cblr-10941	173	4	section	section	NOUN
cblr-10941	173	5	iv.a	iv.a	VERB
cblr-10941	173	6	and	and	CCONJ
cblr-10941	173	7	accompanying	accompanying	ADJ
cblr-10941	173	8	notes	note	NOUN
cblr-10941	173	9	.	.	PUNCT
cblr-10941	174	1	870	870	NUM
cblr-10941	174	2	columbia	columbia	PROPN
cblr-10941	174	3	business	business	NOUN
cblr-10941	174	4	law	law	PROPN
cblr-10941	174	5	review	review	NOUN
cblr-10941	174	6	[	[	X
cblr-10941	174	7	vol	vol	NOUN
cblr-10941	174	8	.	.	PUNCT
cblr-10941	175	1	2022	2022	NUM
cblr-10941	175	2	venture	venture	NOUN
cblr-10941	175	3	carveouts	carveout	NOUN
cblr-10941	175	4	differ	differ	VERB
cblr-10941	175	5	from	from	ADP
cblr-10941	175	6	venture	venture	NOUN
cblr-10941	175	7	-	-	PUNCT
cblr-10941	175	8	backed	back	VERB
cblr-10941	175	9	startups	startup	NOUN
cblr-10941	175	10	in	in	ADP
cblr-10941	175	11	the	the	DET
cblr-10941	175	12	long	long	ADJ
cblr-10941	175	13	-	-	PUNCT
cblr-10941	175	14	term	term	NOUN
cblr-10941	175	15	commitment	commitment	NOUN
cblr-10941	175	16	from	from	ADP
cblr-10941	175	17	their	their	PRON
cblr-10941	175	18	corporate	corporate	ADJ
cblr-10941	175	19	parents	parent	NOUN
cblr-10941	175	20	.	.	PUNCT
cblr-10941	176	1	cruise	cruise	PROPN
cblr-10941	176	2	is	be	AUX
cblr-10941	176	3	gm	gm	PROPN
cblr-10941	176	4	’s	’s	PART
cblr-10941	176	5	sole	sole	ADJ
cblr-10941	176	6	bet	bet	NOUN
cblr-10941	176	7	on	on	ADP
cblr-10941	176	8	avs	avs	PROPN
cblr-10941	176	9	,	,	PUNCT
cblr-10941	176	10	and	and	CCONJ
cblr-10941	176	11	gm	gm	PROPN
cblr-10941	176	12	is	be	AUX
cblr-10941	176	13	n’t	not	PART
cblr-10941	176	14	only	only	ADV
cblr-10941	176	15	seeking	seek	VERB
cblr-10941	176	16	a	a	DET
cblr-10941	176	17	financial	financial	ADJ
cblr-10941	176	18	return	return	NOUN
cblr-10941	176	19	.	.	PUNCT
cblr-10941	177	1	gm	gm	PROPN
cblr-10941	177	2	is	be	AUX
cblr-10941	177	3	hedging	hedge	VERB
cblr-10941	177	4	against	against	ADP
cblr-10941	177	5	the	the	DET
cblr-10941	177	6	risk	risk	NOUN
cblr-10941	177	7	that	that	PRON
cblr-10941	177	8	avs	avs	PROPN
cblr-10941	177	9	will	will	AUX
cblr-10941	177	10	disrupt	disrupt	VERB
cblr-10941	177	11	its	its	PRON
cblr-10941	177	12	core	core	NOUN
cblr-10941	177	13	auto	auto	NOUN
cblr-10941	177	14	manufacturing	manufacturing	NOUN
cblr-10941	177	15	business	business	NOUN
cblr-10941	177	16	.	.	PUNCT
cblr-10941	178	1	cruise	cruise	PROPN
cblr-10941	178	2	’s	’s	PART
cblr-10941	178	3	outside	outside	ADJ
cblr-10941	178	4	investors	investor	NOUN
cblr-10941	178	5	include	include	VERB
cblr-10941	178	6	public	public	ADJ
cblr-10941	178	7	companies	company	NOUN
cblr-10941	178	8	that	that	PRON
cblr-10941	178	9	want	want	VERB
cblr-10941	178	10	access	access	NOUN
cblr-10941	178	11	to	to	ADP
cblr-10941	178	12	private	private	ADJ
cblr-10941	178	13	information	information	NOUN
cblr-10941	178	14	about	about	ADP
cblr-10941	178	15	av	av	PROPN
cblr-10941	178	16	technology	technology	NOUN
cblr-10941	178	17	and	and	CCONJ
cblr-10941	178	18	institutional	institutional	ADJ
cblr-10941	178	19	investors	investor	NOUN
cblr-10941	178	20	interested	interested	ADJ
cblr-10941	178	21	in	in	ADP
cblr-10941	178	22	a	a	DET
cblr-10941	178	23	long	long	ADJ
cblr-10941	178	24	-	-	PUNCT
cblr-10941	178	25	term	term	NOUN
cblr-10941	178	26	bet	bet	NOUN
cblr-10941	178	27	.	.	PUNCT
cblr-10941	179	1	gm	gm	PROPN
cblr-10941	179	2	’s	’s	PART
cblr-10941	179	3	commitment	commitment	NOUN
cblr-10941	179	4	to	to	ADP
cblr-10941	179	5	cruise	cruise	NOUN
cblr-10941	179	6	gives	give	VERB
cblr-10941	179	7	the	the	DET
cblr-10941	179	8	outside	outside	ADJ
cblr-10941	179	9	investors	investor	NOUN
cblr-10941	179	10	more	more	ADJ
cblr-10941	179	11	confidence	confidence	NOUN
cblr-10941	179	12	that	that	SCONJ
cblr-10941	179	13	cruise	cruise	NOUN
cblr-10941	179	14	can	can	AUX
cblr-10941	179	15	overcome	overcome	VERB
cblr-10941	179	16	short	short	ADJ
cblr-10941	179	17	-	-	PUNCT
cblr-10941	179	18	term	term	NOUN
cblr-10941	179	19	setbacks.51	setbacks.51	NOUN
cblr-10941	179	20	at	at	ADP
cblr-10941	179	21	the	the	DET
cblr-10941	179	22	same	same	ADJ
cblr-10941	179	23	time	time	NOUN
cblr-10941	179	24	,	,	PUNCT
cblr-10941	179	25	the	the	DET
cblr-10941	179	26	carveout	carveout	NOUN
cblr-10941	179	27	’s	’s	PART
cblr-10941	179	28	managers	manager	NOUN
cblr-10941	179	29	owe	owe	VERB
cblr-10941	179	30	a	a	DET
cblr-10941	179	31	duty	duty	NOUN
cblr-10941	179	32	of	of	ADP
cblr-10941	179	33	loyalty	loyalty	NOUN
cblr-10941	179	34	to	to	ADP
cblr-10941	179	35	the	the	DET
cblr-10941	179	36	carveout	carveout	NOUN
cblr-10941	179	37	,	,	PUNCT
cblr-10941	179	38	not	not	PART
cblr-10941	179	39	to	to	ADP
cblr-10941	179	40	the	the	DET
cblr-10941	179	41	parent	parent	NOUN
cblr-10941	179	42	.	.	PUNCT
cblr-10941	180	1	gm	gm	PROPN
cblr-10941	180	2	’s	’s	PART
cblr-10941	180	3	public	public	ADJ
cblr-10941	180	4	shareholders	shareholder	NOUN
cblr-10941	180	5	can	can	AUX
cblr-10941	180	6	be	be	AUX
cblr-10941	180	7	assured	assure	VERB
cblr-10941	180	8	that	that	SCONJ
cblr-10941	180	9	gm	gm	PROPN
cblr-10941	180	10	’s	’s	PART
cblr-10941	180	11	directors	director	NOUN
cblr-10941	180	12	are	be	AUX
cblr-10941	180	13	n’t	not	PART
cblr-10941	180	14	running	run	VERB
cblr-10941	180	15	cruise	cruise	NOUN
cblr-10941	180	16	as	as	ADP
cblr-10941	180	17	a	a	DET
cblr-10941	180	18	personal	personal	ADJ
cblr-10941	180	19	vanity	vanity	NOUN
cblr-10941	180	20	project	project	NOUN
cblr-10941	180	21	because	because	SCONJ
cblr-10941	180	22	gm	gm	PROPN
cblr-10941	180	23	does	do	AUX
cblr-10941	180	24	n’t	not	PART
cblr-10941	180	25	completely	completely	ADV
cblr-10941	180	26	control	control	VERB
cblr-10941	180	27	it	it	PRON
cblr-10941	180	28	.	.	PUNCT
cblr-10941	181	1	the	the	DET
cblr-10941	181	2	net	net	ADJ
cblr-10941	181	3	effect	effect	NOUN
cblr-10941	181	4	is	be	AUX
cblr-10941	181	5	that	that	SCONJ
cblr-10941	181	6	cruise	cruise	NOUN
cblr-10941	181	7	is	be	AUX
cblr-10941	181	8	partially	partially	ADV
cblr-10941	181	9	,	,	PUNCT
cblr-10941	181	10	but	but	CCONJ
cblr-10941	181	11	not	not	PART
cblr-10941	181	12	fully	fully	ADV
cblr-10941	181	13	,	,	PUNCT
cblr-10941	181	14	insulated	insulate	VERB
cblr-10941	181	15	from	from	ADP
cblr-10941	181	16	shareholder	shareholder	NOUN
cblr-10941	181	17	pressure	pressure	NOUN
cblr-10941	181	18	.	.	PUNCT
cblr-10941	182	1	it	it	PRON
cblr-10941	182	2	’s	’	VERB
cblr-10941	182	3	too	too	ADV
cblr-10941	182	4	early	early	ADJ
cblr-10941	182	5	to	to	PART
cblr-10941	182	6	know	know	VERB
cblr-10941	182	7	if	if	SCONJ
cblr-10941	182	8	venture	venture	NOUN
cblr-10941	182	9	carveouts	carveout	NOUN
cblr-10941	182	10	will	will	AUX
cblr-10941	182	11	succeed	succeed	VERB
cblr-10941	182	12	.	.	PUNCT
cblr-10941	183	1	the	the	DET
cblr-10941	183	2	carveouts	carveout	NOUN
cblr-10941	183	3	developing	develop	VERB
cblr-10941	183	4	avs	avs	PROPN
cblr-10941	183	5	have	have	VERB
cblr-10941	183	6	yet	yet	ADV
cblr-10941	183	7	to	to	PART
cblr-10941	183	8	bring	bring	VERB
cblr-10941	183	9	the	the	DET
cblr-10941	183	10	technology	technology	NOUN
cblr-10941	183	11	to	to	ADP
cblr-10941	183	12	market	market	NOUN
cblr-10941	183	13	.	.	PUNCT
cblr-10941	184	1	in	in	ADP
cblr-10941	184	2	october	october	PROPN
cblr-10941	184	3	2022	2022	NUM
cblr-10941	184	4	,	,	PUNCT
cblr-10941	184	5	ford	ford	NOUN
cblr-10941	184	6	and	and	CCONJ
cblr-10941	184	7	volkswagen	volkswagen	PROPN
cblr-10941	184	8	’s	’s	PART
cblr-10941	184	9	argo	argo	PROPN
cblr-10941	184	10	became	become	VERB
cblr-10941	184	11	the	the	DET
cblr-10941	184	12	first	first	ADJ
cblr-10941	184	13	venture	venture	NOUN
cblr-10941	184	14	carveout	carveout	NOUN
cblr-10941	184	15	to	to	PART
cblr-10941	184	16	shut	shut	VERB
cblr-10941	184	17	down.52	down.52	PROPN
cblr-10941	184	18	argo	argo	PROPN
cblr-10941	184	19	was	be	AUX
cblr-10941	184	20	never	never	ADV
cblr-10941	184	21	able	able	ADJ
cblr-10941	184	22	to	to	PART
cblr-10941	184	23	raise	raise	VERB
cblr-10941	184	24	private	private	ADJ
cblr-10941	184	25	funding	funding	NOUN
cblr-10941	184	26	.	.	PUNCT
cblr-10941	185	1	in	in	ADP
cblr-10941	185	2	an	an	DET
cblr-10941	185	3	earnings	earning	NOUN
cblr-10941	185	4	call	call	NOUN
cblr-10941	185	5	announcing	announce	VERB
cblr-10941	185	6	the	the	DET
cblr-10941	185	7	closing	closing	NOUN
cblr-10941	185	8	of	of	ADP
cblr-10941	185	9	argo	argo	PROPN
cblr-10941	185	10	,	,	PUNCT
cblr-10941	185	11	ford	ford	PROPN
cblr-10941	185	12	’s	’s	PROPN
cblr-10941	185	13	cfo	cfo	PROPN
cblr-10941	185	14	explained	explain	VERB
cblr-10941	185	15	that	that	SCONJ
cblr-10941	185	16	“	"	PUNCT
cblr-10941	185	17	it	it	PRON
cblr-10941	185	18	’s	’s	AUX
cblr-10941	185	19	become	become	VERB
cblr-10941	185	20	clear	clear	ADJ
cblr-10941	185	21	that	that	SCONJ
cblr-10941	185	22	the	the	DET
cblr-10941	185	23	technology	technology	NOUN
cblr-10941	185	24	required	require	VERB
cblr-10941	185	25	to	to	PART
cblr-10941	185	26	achieve	achieve	VERB
cblr-10941	185	27	profitable	profitable	ADJ
cblr-10941	185	28	commercialization	commercialization	NOUN
cblr-10941	185	29	of	of	ADP
cblr-10941	185	30	[	[	X
cblr-10941	185	31	full	full	ADJ
cblr-10941	185	32	]	]	X
cblr-10941	185	33	autonomy	autonomy	NOUN
cblr-10941	185	34	at	at	ADP
cblr-10941	185	35	scale	scale	NOUN
cblr-10941	185	36	is	be	AUX
cblr-10941	185	37	going	go	VERB
cblr-10941	185	38	to	to	PART
cblr-10941	185	39	take	take	VERB
cblr-10941	185	40	much	much	ADV
cblr-10941	185	41	longer	long	ADJ
cblr-10941	185	42	than	than	SCONJ
cblr-10941	185	43	we	we	PRON
cblr-10941	185	44	previously	previously	ADV
cblr-10941	185	45	expected	expect	VERB
cblr-10941	185	46	.	.	PUNCT
cblr-10941	186	1	”53	”53	ADJ
cblr-10941	186	2	but	but	CCONJ
cblr-10941	186	3	waymo	waymo	NOUN
cblr-10941	186	4	,	,	PUNCT
cblr-10941	186	5	cruise	cruise	NOUN
cblr-10941	186	6	,	,	PUNCT
cblr-10941	186	7	and	and	CCONJ
cblr-10941	186	8	motional	motional	ADJ
cblr-10941	186	9	are	be	AUX
cblr-10941	186	10	still	still	ADV
cblr-10941	186	11	pushing	push	VERB
cblr-10941	186	12	forward	forward	ADV
cblr-10941	186	13	despite	despite	SCONJ
cblr-10941	186	14	growing	grow	VERB
cblr-10941	186	15	economic	economic	ADJ
cblr-10941	186	16	headwinds	headwind	NOUN
cblr-10941	186	17	.	.	PUNCT
cblr-10941	187	1	if	if	SCONJ
cblr-10941	187	2	they	they	PRON
cblr-10941	187	3	succeed	succeed	VERB
cblr-10941	187	4	,	,	PUNCT
cblr-10941	187	5	51	51	NUM
cblr-10941	187	6	cf	cf	NOUN
cblr-10941	187	7	.	.	PUNCT
cblr-10941	188	1	margaret	margaret	PROPN
cblr-10941	188	2	m.	m.	PROPN
cblr-10941	188	3	blair	blair	PROPN
cblr-10941	188	4	,	,	PUNCT
cblr-10941	188	5	locking	lock	VERB
cblr-10941	188	6	in	in	ADP
cblr-10941	188	7	capital	capital	NOUN
cblr-10941	188	8	:	:	PUNCT
cblr-10941	188	9	what	what	PRON
cblr-10941	188	10	corporate	corporate	ADJ
cblr-10941	188	11	law	law	NOUN
cblr-10941	188	12	achieved	achieve	VERB
cblr-10941	188	13	for	for	ADP
cblr-10941	188	14	business	business	NOUN
cblr-10941	188	15	organizers	organizer	NOUN
cblr-10941	188	16	in	in	ADP
cblr-10941	188	17	the	the	DET
cblr-10941	188	18	nineteenth	nineteenth	ADJ
cblr-10941	188	19	century	century	NOUN
cblr-10941	188	20	,	,	PUNCT
cblr-10941	188	21	51	51	NUM
cblr-10941	188	22	ucla	ucla	PROPN
cblr-10941	188	23	l.	l.	PROPN
cblr-10941	188	24	rev	rev	PROPN
cblr-10941	188	25	.	.	PROPN
cblr-10941	188	26	387	387	NUM
cblr-10941	188	27	,	,	PUNCT
cblr-10941	188	28	423–54	423–54	NUM
cblr-10941	188	29	(	(	PUNCT
cblr-10941	188	30	2003	2003	NUM
cblr-10941	188	31	)	)	PUNCT
cblr-10941	188	32	(	(	PUNCT
cblr-10941	188	33	arguing	argue	VERB
cblr-10941	188	34	that	that	SCONJ
cblr-10941	188	35	the	the	DET
cblr-10941	188	36	rise	rise	NOUN
cblr-10941	188	37	of	of	ADP
cblr-10941	188	38	the	the	DET
cblr-10941	188	39	corporate	corporate	ADJ
cblr-10941	188	40	form	form	NOUN
cblr-10941	188	41	in	in	ADP
cblr-10941	188	42	the	the	DET
cblr-10941	188	43	nineteenth	nineteenth	ADJ
cblr-10941	188	44	century	century	NOUN
cblr-10941	188	45	encouraged	encourage	VERB
cblr-10941	188	46	business	business	NOUN
cblr-10941	188	47	stakeholders	stakeholder	NOUN
cblr-10941	188	48	to	to	PART
cblr-10941	188	49	make	make	VERB
cblr-10941	188	50	firm	firm	ADJ
cblr-10941	188	51	-	-	PUNCT
cblr-10941	188	52	specific	specific	ADJ
cblr-10941	188	53	investments	investment	NOUN
cblr-10941	188	54	by	by	ADP
cblr-10941	188	55	locking	lock	VERB
cblr-10941	188	56	in	in	ADP
cblr-10941	188	57	capital	capital	NOUN
cblr-10941	188	58	)	)	PUNCT
cblr-10941	188	59	.	.	PUNCT
cblr-10941	189	1	52	52	NUM
cblr-10941	189	2	see	see	VERB
cblr-10941	189	3	kirsten	kirsten	PROPN
cblr-10941	189	4	korosec	korosec	PROPN
cblr-10941	189	5	,	,	PUNCT
cblr-10941	189	6	ford	ford	PROPN
cblr-10941	189	7	,	,	PUNCT
cblr-10941	189	8	vw	vw	PROPN
cblr-10941	189	9	-	-	PUNCT
cblr-10941	189	10	backed	back	VERB
cblr-10941	189	11	argo	argo	PROPN
cblr-10941	189	12	ai	ai	VERB
cblr-10941	189	13	is	be	AUX
cblr-10941	189	14	shutting	shut	VERB
cblr-10941	189	15	down	down	ADP
cblr-10941	189	16	,	,	PUNCT
cblr-10941	189	17	techcrunch	techcrunch	PROPN
cblr-10941	189	18	(	(	PUNCT
cblr-10941	189	19	oct	oct	PROPN
cblr-10941	189	20	.	.	PROPN
cblr-10941	189	21	26	26	NUM
cblr-10941	189	22	,	,	PUNCT
cblr-10941	189	23	2022	2022	NUM
cblr-10941	189	24	,	,	PUNCT
cblr-10941	189	25	2:49	2:49	NUM
cblr-10941	189	26	pm	pm	NOUN
cblr-10941	189	27	)	)	PUNCT
cblr-10941	189	28	,	,	PUNCT
cblr-10941	189	29	https://techcrunch.com/2022/10/26/ford-vw-backed-argo-ai-is-shuttingdown/	https://techcrunch.com/2022/10/26/ford-vw-backed-argo-ai-is-shuttingdown/	X
cblr-10941	189	30	[	[	X
cblr-10941	189	31	ttps://perma.cc/up37-z37s	ttps://perma.cc/up37-z37s	X
cblr-10941	189	32	]	]	X
cblr-10941	189	33	.	.	PUNCT
cblr-10941	190	1	53	53	NUM
cblr-10941	190	2	third	third	ADJ
cblr-10941	190	3	quarter	quarter	NOUN
cblr-10941	190	4	2022	2022	NUM
cblr-10941	190	5	earnings	earning	NOUN
cblr-10941	190	6	conference	conference	NOUN
cblr-10941	190	7	call	call	NOUN
cblr-10941	190	8	,	,	PUNCT
cblr-10941	190	9	ford	ford	PROPN
cblr-10941	190	10	motor	motor	PROPN
cblr-10941	190	11	co.	co.	PROPN
cblr-10941	190	12	(	(	PUNCT
cblr-10941	190	13	oct	oct	PROPN
cblr-10941	190	14	.	.	PROPN
cblr-10941	190	15	26	26	NUM
cblr-10941	190	16	,	,	PUNCT
cblr-10941	190	17	2022	2022	NUM
cblr-10941	190	18	,	,	PUNCT
cblr-10941	190	19	5:00	5:00	NUM
cblr-10941	190	20	pm	pm	NOUN
cblr-10941	190	21	)	)	PUNCT
cblr-10941	190	22	,	,	PUNCT
cblr-10941	190	23	https://s201.q4cdn.com/693218008/files/doc_financials/2022/q3/ford-q32022-earnings-call-transcript.pdf	https://s201.q4cdn.com/693218008/files/doc_financials/2022/q3/ford-q32022-earnings-call-transcript.pdf	PROPN
cblr-10941	191	1	[	[	X
cblr-10941	191	2	https://perma.cc/qmt7-ccvu	https://perma.cc/qmt7-ccvu	PROPN
cblr-10941	191	3	]	]	X
cblr-10941	191	4	.	.	PUNCT
cblr-10941	192	1	no	no	INTJ
cblr-10941	192	2	.	.	PUNCT
cblr-10941	193	1	2:859	2:859	NUM
cblr-10941	193	2	]	]	PUNCT
cblr-10941	193	3	moonshots	moonshot	NOUN
cblr-10941	193	4	871	871	NUM
cblr-10941	193	5	venture	venture	NOUN
cblr-10941	193	6	carveouts	carveout	NOUN
cblr-10941	193	7	could	could	AUX
cblr-10941	193	8	change	change	VERB
cblr-10941	193	9	the	the	DET
cblr-10941	193	10	structure	structure	NOUN
cblr-10941	193	11	of	of	ADP
cblr-10941	193	12	innovation	innovation	NOUN
cblr-10941	193	13	.	.	PUNCT
cblr-10941	194	1	many	many	ADJ
cblr-10941	194	2	of	of	ADP
cblr-10941	194	3	the	the	DET
cblr-10941	194	4	moonshots	moonshot	NOUN
cblr-10941	194	5	of	of	ADP
cblr-10941	194	6	the	the	DET
cblr-10941	194	7	last	last	ADJ
cblr-10941	194	8	century	century	NOUN
cblr-10941	194	9	were	be	AUX
cblr-10941	194	10	undertaken	undertake	VERB
cblr-10941	194	11	by	by	ADP
cblr-10941	194	12	the	the	DET
cblr-10941	194	13	research	research	NOUN
cblr-10941	194	14	divisions	division	NOUN
cblr-10941	194	15	of	of	ADP
cblr-10941	194	16	monopolists	monopolist	NOUN
cblr-10941	194	17	—	—	PUNCT
cblr-10941	194	18	at&t	at&t	PROPN
cblr-10941	194	19	’s	’s	PART
cblr-10941	194	20	bell	bell	PROPN
cblr-10941	194	21	labs	labs	PROPN
cblr-10941	194	22	,	,	PUNCT
cblr-10941	194	23	ibm	ibm	PROPN
cblr-10941	194	24	research	research	NOUN
cblr-10941	194	25	,	,	PUNCT
cblr-10941	194	26	and	and	CCONJ
cblr-10941	194	27	xerox	xerox	PROPN
cblr-10941	194	28	parc.54	parc.54	VERB
cblr-10941	194	29	corporate	corporate	ADJ
cblr-10941	194	30	r&d	r&d	NOUN
cblr-10941	194	31	spending	spending	NOUN
cblr-10941	194	32	today	today	NOUN
cblr-10941	194	33	is	be	AUX
cblr-10941	194	34	heavily	heavily	ADV
cblr-10941	194	35	concentrated	concentrated	ADJ
cblr-10941	194	36	in	in	ADP
cblr-10941	194	37	the	the	DET
cblr-10941	194	38	largest	large	ADJ
cblr-10941	194	39	tech	tech	NOUN
cblr-10941	194	40	companies.55	companies.55	NOUN
cblr-10941	194	41	venture	venture	NOUN
cblr-10941	194	42	carveouts	carveout	NOUN
cblr-10941	194	43	could	could	AUX
cblr-10941	194	44	enable	enable	VERB
cblr-10941	194	45	moderately	moderately	ADV
cblr-10941	194	46	-	-	PUNCT
cblr-10941	194	47	sized	sized	ADJ
cblr-10941	194	48	companies	company	NOUN
cblr-10941	194	49	to	to	PART
cblr-10941	194	50	invest	invest	VERB
cblr-10941	194	51	in	in	ADP
cblr-10941	194	52	moonshots	moonshot	NOUN
cblr-10941	194	53	,	,	PUNCT
cblr-10941	194	54	compete	compete	VERB
cblr-10941	194	55	with	with	ADP
cblr-10941	194	56	the	the	DET
cblr-10941	194	57	tech	tech	NOUN
cblr-10941	194	58	giants	giant	NOUN
cblr-10941	194	59	,	,	PUNCT
cblr-10941	194	60	and	and	CCONJ
cblr-10941	194	61	reignite	reignite	VERB
cblr-10941	194	62	technological	technological	ADJ
cblr-10941	194	63	progress	progress	NOUN
cblr-10941	194	64	.	.	PUNCT
cblr-10941	195	1	this	this	DET
cblr-10941	195	2	article	article	NOUN
cblr-10941	195	3	proceeds	proceed	VERB
cblr-10941	195	4	in	in	ADP
cblr-10941	195	5	four	four	NUM
cblr-10941	195	6	parts	part	NOUN
cblr-10941	195	7	.	.	PUNCT
cblr-10941	196	1	part	part	PROPN
cblr-10941	196	2	ii	ii	PROPN
cblr-10941	196	3	describes	describe	VERB
cblr-10941	196	4	the	the	DET
cblr-10941	196	5	agency	agency	NOUN
cblr-10941	196	6	problems	problem	NOUN
cblr-10941	196	7	that	that	PRON
cblr-10941	196	8	lead	lead	VERB
cblr-10941	196	9	companies	company	NOUN
cblr-10941	196	10	to	to	PART
cblr-10941	196	11	forgo	forgo	VERB
cblr-10941	196	12	long	long	ADJ
cblr-10941	196	13	-	-	PUNCT
cblr-10941	196	14	term	term	NOUN
cblr-10941	196	15	innovation	innovation	NOUN
cblr-10941	196	16	.	.	PUNCT
cblr-10941	197	1	part	part	NOUN
cblr-10941	197	2	iii	iii	NOUN
cblr-10941	197	3	shows	show	VERB
cblr-10941	197	4	how	how	SCONJ
cblr-10941	197	5	the	the	DET
cblr-10941	197	6	unconventional	unconventional	ADJ
cblr-10941	197	7	structures	structure	NOUN
cblr-10941	197	8	of	of	ADP
cblr-10941	197	9	innovative	innovative	ADJ
cblr-10941	197	10	companies	company	NOUN
cblr-10941	197	11	address	address	VERB
cblr-10941	197	12	these	these	DET
cblr-10941	197	13	problems	problem	NOUN
cblr-10941	197	14	.	.	PUNCT
cblr-10941	198	1	part	part	NOUN
cblr-10941	198	2	iv	iv	NUM
cblr-10941	198	3	introduces	introduce	NOUN
cblr-10941	198	4	venture	venture	NOUN
cblr-10941	198	5	carveouts	carveout	NOUN
cblr-10941	198	6	and	and	CCONJ
cblr-10941	198	7	explains	explain	VERB
cblr-10941	198	8	why	why	SCONJ
cblr-10941	198	9	the	the	DET
cblr-10941	198	10	companies	company	NOUN
cblr-10941	198	11	commercializing	commercialize	VERB
cblr-10941	198	12	avs	avs	NOUN
cblr-10941	198	13	have	have	AUX
cblr-10941	198	14	converged	converge	VERB
cblr-10941	198	15	on	on	ADP
cblr-10941	198	16	this	this	DET
cblr-10941	198	17	new	new	ADJ
cblr-10941	198	18	structure	structure	NOUN
cblr-10941	198	19	.	.	PUNCT
cblr-10941	199	1	part	part	NOUN
cblr-10941	199	2	v	v	NUM
cblr-10941	199	3	considers	consider	VERB
cblr-10941	199	4	whether	whether	SCONJ
cblr-10941	199	5	venture	venture	NOUN
cblr-10941	199	6	carveouts	carveout	NOUN
cblr-10941	199	7	could	could	AUX
cblr-10941	199	8	help	help	VERB
cblr-10941	199	9	bring	bring	VERB
cblr-10941	199	10	other	other	ADJ
cblr-10941	199	11	transformative	transformative	ADJ
cblr-10941	199	12	technologies	technology	NOUN
cblr-10941	199	13	to	to	ADP
cblr-10941	199	14	market	market	NOUN
cblr-10941	199	15	.	.	PUNCT
cblr-10941	200	1	ii	ii	PROPN
cblr-10941	200	2	.	.	PUNCT
cblr-10941	201	1	the	the	DET
cblr-10941	201	2	moonshot	moonshot	PROPN
cblr-10941	201	3	problem	problem	NOUN
cblr-10941	201	4	the	the	DET
cblr-10941	201	5	first	first	ADJ
cblr-10941	201	6	moonshot	moonshot	NOUN
cblr-10941	201	7	was	be	AUX
cblr-10941	201	8	a	a	DET
cblr-10941	201	9	government	government	NOUN
cblr-10941	201	10	project	project	NOUN
cblr-10941	201	11	.	.	PUNCT
cblr-10941	202	1	nasa	nasa	PROPN
cblr-10941	202	2	did	do	AUX
cblr-10941	202	3	n’t	not	PART
cblr-10941	202	4	have	have	VERB
cblr-10941	202	5	to	to	PART
cblr-10941	202	6	placate	placate	VERB
cblr-10941	202	7	any	any	DET
cblr-10941	202	8	shareholders	shareholder	NOUN
cblr-10941	202	9	.	.	PUNCT
cblr-10941	203	1	when	when	SCONJ
cblr-10941	203	2	private	private	ADJ
cblr-10941	203	3	firms	firm	NOUN
cblr-10941	203	4	attempt	attempt	VERB
cblr-10941	203	5	to	to	PART
cblr-10941	203	6	commercialize	commercialize	VERB
cblr-10941	203	7	new	new	ADJ
cblr-10941	203	8	technologies	technology	NOUN
cblr-10941	203	9	,	,	PUNCT
cblr-10941	203	10	though	though	ADV
cblr-10941	203	11	,	,	PUNCT
cblr-10941	203	12	investors	investor	NOUN
cblr-10941	203	13	must	must	AUX
cblr-10941	203	14	remain	remain	VERB
cblr-10941	203	15	convinced	convinced	ADJ
cblr-10941	203	16	for	for	ADP
cblr-10941	203	17	the	the	DET
cblr-10941	203	18	duration	duration	NOUN
cblr-10941	203	19	of	of	ADP
cblr-10941	203	20	the	the	DET
cblr-10941	203	21	project	project	NOUN
cblr-10941	203	22	that	that	PRON
cblr-10941	203	23	their	their	PRON
cblr-10941	203	24	capital	capital	NOUN
cblr-10941	203	25	is	be	AUX
cblr-10941	203	26	being	be	AUX
cblr-10941	203	27	put	put	VERB
cblr-10941	203	28	to	to	ADP
cblr-10941	203	29	good	good	ADJ
cblr-10941	203	30	use	use	NOUN
cblr-10941	203	31	.	.	PUNCT
cblr-10941	204	1	but	but	CCONJ
cblr-10941	204	2	moonshots	moonshot	NOUN
cblr-10941	204	3	do	do	AUX
cblr-10941	204	4	n’t	not	PART
cblr-10941	204	5	generate	generate	VERB
cblr-10941	204	6	interim	interim	ADJ
cblr-10941	204	7	feedback	feedback	NOUN
cblr-10941	204	8	that	that	PRON
cblr-10941	204	9	can	can	AUX
cblr-10941	204	10	reassure	reassure	VERB
cblr-10941	204	11	shareholders	shareholder	NOUN
cblr-10941	204	12	like	like	ADP
cblr-10941	204	13	other	other	ADJ
cblr-10941	204	14	corporate	corporate	ADJ
cblr-10941	204	15	investments	investment	NOUN
cblr-10941	204	16	do	do	VERB
cblr-10941	204	17	.	.	PUNCT
cblr-10941	205	1	therefore	therefore	ADV
cblr-10941	205	2	,	,	PUNCT
cblr-10941	205	3	companies	company	NOUN
cblr-10941	205	4	will	will	AUX
cblr-10941	205	5	only	only	ADV
cblr-10941	205	6	invest	invest	VERB
cblr-10941	205	7	in	in	ADP
cblr-10941	205	8	moonshots	moonshot	NOUN
cblr-10941	205	9	if	if	SCONJ
cblr-10941	205	10	they	they	PRON
cblr-10941	205	11	can	can	AUX
cblr-10941	205	12	find	find	VERB
cblr-10941	205	13	other	other	ADJ
cblr-10941	205	14	strategies	strategy	NOUN
cblr-10941	205	15	to	to	PART
cblr-10941	205	16	manage	manage	VERB
cblr-10941	205	17	the	the	DET
cblr-10941	205	18	radical	radical	ADJ
cblr-10941	205	19	uncertainty	uncertainty	NOUN
cblr-10941	205	20	.	.	PUNCT
cblr-10941	206	1	a.	a.	NOUN
cblr-10941	207	1	the	the	DET
cblr-10941	207	2	short	short	ADJ
cblr-10941	207	3	-	-	PUNCT
cblr-10941	207	4	termism	termism	NOUN
cblr-10941	207	5	debate	debate	NOUN
cblr-10941	207	6	in	in	ADP
cblr-10941	207	7	public	public	ADJ
cblr-10941	207	8	companies	company	NOUN
cblr-10941	207	9	,	,	PUNCT
cblr-10941	207	10	managers	manager	NOUN
cblr-10941	207	11	act	act	VERB
cblr-10941	207	12	as	as	ADP
cblr-10941	207	13	agents	agent	NOUN
cblr-10941	207	14	of	of	ADP
cblr-10941	207	15	the	the	DET
cblr-10941	207	16	shareholders	shareholder	NOUN
cblr-10941	207	17	.	.	PUNCT
cblr-10941	208	1	it	it	PRON
cblr-10941	208	2	’s	’	VERB
cblr-10941	208	3	black	black	ADJ
cblr-10941	208	4	letter	letter	NOUN
cblr-10941	208	5	law	law	NOUN
cblr-10941	208	6	that	that	PRON
cblr-10941	208	7	managers	manager	NOUN
cblr-10941	208	8	must	must	AUX
cblr-10941	208	9	act	act	VERB
cblr-10941	208	10	to	to	ADP
cblr-10941	208	11	54	54	NUM
cblr-10941	208	12	see	see	NOUN
cblr-10941	208	13	infra	infra	NOUN
cblr-10941	208	14	section	section	NOUN
cblr-10941	208	15	v.a	v.a	PROPN
cblr-10941	208	16	and	and	CCONJ
cblr-10941	208	17	accompanying	accompanying	ADJ
cblr-10941	208	18	notes	note	NOUN
cblr-10941	208	19	.	.	PUNCT
cblr-10941	209	1	55	55	NUM
cblr-10941	209	2	joshua	joshua	PROPN
cblr-10941	209	3	p.	p.	NOUN
cblr-10941	209	4	zoffer	zoffer	PROPN
cblr-10941	209	5	,	,	PUNCT
cblr-10941	209	6	short	short	ADJ
cblr-10941	209	7	-	-	PUNCT
cblr-10941	209	8	termism	termism	NOUN
cblr-10941	209	9	and	and	CCONJ
cblr-10941	209	10	antitrust	antitrust	ADJ
cblr-10941	209	11	’s	’s	PART
cblr-10941	209	12	innovation	innovation	NOUN
cblr-10941	209	13	paradox	paradox	NOUN
cblr-10941	209	14	,	,	PUNCT
cblr-10941	209	15	71	71	NUM
cblr-10941	209	16	stan	stan	NOUN
cblr-10941	209	17	.	.	PUNCT
cblr-10941	210	1	l.	l.	PROPN
cblr-10941	210	2	rev	rev	PROPN
cblr-10941	210	3	.	.	PROPN
cblr-10941	211	1	online	online	ADJ
cblr-10941	211	2	308	308	NUM
cblr-10941	211	3	,	,	PUNCT
cblr-10941	211	4	312	312	NUM
cblr-10941	211	5	(	(	PUNCT
cblr-10941	211	6	2019	2019	NUM
cblr-10941	211	7	)	)	PUNCT
cblr-10941	212	1	(	(	PUNCT
cblr-10941	212	2	finding	find	VERB
cblr-10941	212	3	that	that	SCONJ
cblr-10941	212	4	five	five	NUM
cblr-10941	212	5	tech	tech	NOUN
cblr-10941	212	6	firms	firm	NOUN
cblr-10941	212	7	“	"	PUNCT
cblr-10941	212	8	accounted	account	VERB
cblr-10941	212	9	for	for	ADP
cblr-10941	212	10	nearly	nearly	ADV
cblr-10941	212	11	a	a	PRON
cblr-10941	212	12	quarter	quarter	NOUN
cblr-10941	212	13	of	of	ADP
cblr-10941	212	14	reported	report	VERB
cblr-10941	212	15	r&d	r&d	NOUN
cblr-10941	212	16	spending	spending	NOUN
cblr-10941	212	17	for	for	ADP
cblr-10941	212	18	the	the	DET
cblr-10941	212	19	entire	entire	ADJ
cblr-10941	212	20	s&p	s&p	PROPN
cblr-10941	212	21	500	500	NUM
cblr-10941	212	22	in	in	ADP
cblr-10941	212	23	2017	2017	NUM
cblr-10941	212	24	”	"	PUNCT
cblr-10941	212	25	)	)	PUNCT
cblr-10941	212	26	;	;	PUNCT
cblr-10941	212	27	see	see	VERB
cblr-10941	212	28	also	also	ADV
cblr-10941	212	29	infra	infra	ADJ
cblr-10941	212	30	section	section	NOUN
cblr-10941	212	31	iv.a	iv.a	VERB
cblr-10941	212	32	and	and	CCONJ
cblr-10941	212	33	accompanying	accompanying	ADJ
cblr-10941	212	34	notes	note	NOUN
cblr-10941	212	35	.	.	PUNCT
cblr-10941	213	1	872	872	NUM
cblr-10941	213	2	columbia	columbia	PROPN
cblr-10941	213	3	business	business	NOUN
cblr-10941	213	4	law	law	PROPN
cblr-10941	213	5	review	review	NOUN
cblr-10941	213	6	[	[	X
cblr-10941	213	7	vol	vol	NOUN
cblr-10941	213	8	.	.	PUNCT
cblr-10941	213	9	2022	2022	NUM
cblr-10941	213	10	maximize	maximize	VERB
cblr-10941	213	11	long	long	ADV
cblr-10941	213	12	-	-	PUNCT
cblr-10941	213	13	run	run	NOUN
cblr-10941	213	14	shareholder	shareholder	NOUN
cblr-10941	213	15	value.56	value.56	VERB
cblr-10941	213	16	the	the	DET
cblr-10941	213	17	short	short	ADJ
cblr-10941	213	18	-	-	PUNCT
cblr-10941	213	19	termists	termist	NOUN
cblr-10941	213	20	believe	believe	VERB
cblr-10941	213	21	that	that	SCONJ
cblr-10941	213	22	the	the	DET
cblr-10941	213	23	structure	structure	NOUN
cblr-10941	213	24	of	of	ADP
cblr-10941	213	25	the	the	DET
cblr-10941	213	26	modern	modern	ADJ
cblr-10941	213	27	public	public	ADJ
cblr-10941	213	28	corporation	corporation	NOUN
cblr-10941	213	29	undermines	undermine	VERB
cblr-10941	213	30	that	that	DET
cblr-10941	213	31	goal	goal	NOUN
cblr-10941	213	32	.	.	PUNCT
cblr-10941	214	1	they	they	PRON
cblr-10941	214	2	argue	argue	VERB
cblr-10941	214	3	that	that	SCONJ
cblr-10941	214	4	public	public	ADJ
cblr-10941	214	5	company	company	NOUN
cblr-10941	214	6	managers	manager	NOUN
cblr-10941	214	7	are	be	AUX
cblr-10941	214	8	forced	force	VERB
cblr-10941	214	9	to	to	PART
cblr-10941	214	10	prioritize	prioritize	VERB
cblr-10941	214	11	the	the	DET
cblr-10941	214	12	short	short	ADJ
cblr-10941	214	13	-	-	PUNCT
cblr-10941	214	14	term	term	NOUN
cblr-10941	214	15	performance	performance	NOUN
cblr-10941	214	16	of	of	ADP
cblr-10941	214	17	their	their	PRON
cblr-10941	214	18	company	company	NOUN
cblr-10941	214	19	’s	’s	PART
cblr-10941	214	20	stock	stock	NOUN
cblr-10941	214	21	price	price	NOUN
cblr-10941	214	22	over	over	ADP
cblr-10941	214	23	long	long	ADJ
cblr-10941	214	24	-	-	PUNCT
cblr-10941	214	25	term	term	NOUN
cblr-10941	214	26	shareholder	shareholder	NOUN
cblr-10941	214	27	value.57	value.57	PROPN
cblr-10941	214	28	managers	manager	NOUN
cblr-10941	214	29	must	must	AUX
cblr-10941	214	30	focus	focus	VERB
cblr-10941	214	31	obsessively	obsessively	ADV
cblr-10941	214	32	on	on	ADP
cblr-10941	214	33	the	the	DET
cblr-10941	214	34	next	next	ADJ
cblr-10941	214	35	quarterly	quarterly	ADJ
cblr-10941	214	36	earnings	earning	NOUN
cblr-10941	214	37	report	report	NOUN
cblr-10941	214	38	.	.	PUNCT
cblr-10941	215	1	they	they	PRON
cblr-10941	215	2	forgo	forgo	VERB
cblr-10941	215	3	long	long	ADJ
cblr-10941	215	4	-	-	PUNCT
cblr-10941	215	5	term	term	NOUN
cblr-10941	215	6	projects	project	NOUN
cblr-10941	215	7	that	that	PRON
cblr-10941	215	8	they	they	PRON
cblr-10941	215	9	expect	expect	VERB
cblr-10941	215	10	would	would	AUX
cblr-10941	215	11	be	be	AUX
cblr-10941	215	12	profitable	profitable	ADJ
cblr-10941	215	13	when	when	SCONJ
cblr-10941	215	14	they	they	PRON
cblr-10941	215	15	believe	believe	VERB
cblr-10941	215	16	the	the	DET
cblr-10941	215	17	stock	stock	NOUN
cblr-10941	215	18	market	market	NOUN
cblr-10941	215	19	would	would	AUX
cblr-10941	215	20	react	react	VERB
cblr-10941	215	21	negatively	negatively	ADV
cblr-10941	215	22	in	in	ADP
cblr-10941	215	23	the	the	DET
cblr-10941	215	24	short	short	ADJ
cblr-10941	215	25	term.58	term.58	NOUN
cblr-10941	215	26	in	in	ADP
cblr-10941	215	27	recent	recent	ADJ
cblr-10941	215	28	years	year	NOUN
cblr-10941	215	29	,	,	PUNCT
cblr-10941	215	30	short	short	ADJ
cblr-10941	215	31	-	-	PUNCT
cblr-10941	215	32	termists	termist	NOUN
cblr-10941	215	33	have	have	AUX
cblr-10941	215	34	focused	focus	VERB
cblr-10941	215	35	their	their	PRON
cblr-10941	215	36	critique	critique	NOUN
cblr-10941	215	37	on	on	ADP
cblr-10941	215	38	the	the	DET
cblr-10941	215	39	influence	influence	NOUN
cblr-10941	215	40	of	of	ADP
cblr-10941	215	41	activist	activist	ADJ
cblr-10941	215	42	hedge	hedge	NOUN
cblr-10941	215	43	funds.59	funds.59	NOUN
cblr-10941	215	44	they	they	PRON
cblr-10941	215	45	argue	argue	VERB
cblr-10941	215	46	that	that	SCONJ
cblr-10941	215	47	managers	manager	NOUN
cblr-10941	215	48	fear	fear	VERB
cblr-10941	215	49	that	that	SCONJ
cblr-10941	215	50	activist	activist	ADJ
cblr-10941	215	51	hedge	hedge	NOUN
cblr-10941	215	52	funds	fund	NOUN
cblr-10941	215	53	will	will	AUX
cblr-10941	215	54	target	target	VERB
cblr-10941	215	55	their	their	PRON
cblr-10941	215	56	companies	company	NOUN
cblr-10941	215	57	and	and	CCONJ
cblr-10941	215	58	therefore	therefore	ADV
cblr-10941	215	59	avoid	avoid	VERB
cblr-10941	215	60	long	long	ADJ
cblr-10941	215	61	-	-	PUNCT
cblr-10941	215	62	term	term	NOUN
cblr-10941	215	63	investments	investment	NOUN
cblr-10941	215	64	that	that	PRON
cblr-10941	215	65	could	could	AUX
cblr-10941	215	66	attract	attract	VERB
cblr-10941	215	67	activists.60	activists.60	VERB
cblr-10941	215	68	the	the	DET
cblr-10941	215	69	short	short	ADJ
cblr-10941	215	70	-	-	PUNCT
cblr-10941	215	71	termists	termist	NOUN
cblr-10941	215	72	propose	propose	VERB
cblr-10941	215	73	to	to	PART
cblr-10941	215	74	remedy	remedy	VERB
cblr-10941	215	75	this	this	DET
cblr-10941	215	76	problem	problem	NOUN
cblr-10941	215	77	by	by	ADP
cblr-10941	215	78	insulating	insulate	VERB
cblr-10941	215	79	boards	board	NOUN
cblr-10941	215	80	of	of	ADP
cblr-10941	215	81	directors	director	NOUN
cblr-10941	215	82	from	from	ADP
cblr-10941	215	83	shareholder	shareholder	NOUN
cblr-10941	215	84	pressure.61	pressure.61	NOUN
cblr-10941	215	85	they	they	PRON
cblr-10941	215	86	advocate	advocate	VERB
cblr-10941	215	87	for	for	ADP
cblr-10941	215	88	staggered	staggered	ADJ
cblr-10941	215	89	board	board	NOUN
cblr-10941	215	90	elections	election	NOUN
cblr-10941	215	91	or	or	CCONJ
cblr-10941	215	92	longer	long	ADJ
cblr-10941	215	93	director	director	NOUN
cblr-10941	215	94	terms.62	terms.62	VERB
cblr-10941	215	95	the	the	DET
cblr-10941	215	96	short	short	ADJ
cblr-10941	215	97	-	-	PUNCT
cblr-10941	215	98	termists	termist	NOUN
cblr-10941	215	99	emphasize	emphasize	VERB
cblr-10941	215	100	the	the	DET
cblr-10941	215	101	information	information	NOUN
cblr-10941	215	102	asymmetries	asymmetry	NOUN
cblr-10941	215	103	between	between	ADP
cblr-10941	215	104	directors	director	NOUN
cblr-10941	215	105	and	and	CCONJ
cblr-10941	215	106	dispersed	disperse	VERB
cblr-10941	215	107	,	,	PUNCT
cblr-10941	215	108	mostly	mostly	ADV
cblr-10941	215	109	passive	passive	ADJ
cblr-10941	215	110	56	56	NUM
cblr-10941	215	111	see	see	NOUN
cblr-10941	215	112	in	in	ADP
cblr-10941	215	113	re	re	PROPN
cblr-10941	215	114	trados	trados	PROPN
cblr-10941	215	115	inc	inc	PROPN
cblr-10941	215	116	.	.	PROPN
cblr-10941	215	117	s’holder	s’holder	PROPN
cblr-10941	215	118	litig	litig	PROPN
cblr-10941	215	119	.	.	PUNCT
cblr-10941	216	1	,	,	PUNCT
cblr-10941	216	2	73	73	NUM
cblr-10941	216	3	a.3d	a.3d	SYM
cblr-10941	216	4	17	17	NUM
cblr-10941	216	5	,	,	PUNCT
cblr-10941	216	6	37	37	NUM
cblr-10941	216	7	(	(	PUNCT
cblr-10941	216	8	del	del	PROPN
cblr-10941	216	9	.	.	PROPN
cblr-10941	216	10	ch	ch	PROPN
cblr-10941	216	11	.	.	PROPN
cblr-10941	216	12	2013	2013	NUM
cblr-10941	216	13	)	)	PUNCT
cblr-10941	216	14	(	(	PUNCT
cblr-10941	216	15	explaining	explain	VERB
cblr-10941	216	16	that	that	SCONJ
cblr-10941	216	17	the	the	DET
cblr-10941	216	18	duty	duty	NOUN
cblr-10941	216	19	of	of	ADP
cblr-10941	216	20	loyalty	loyalty	NOUN
cblr-10941	216	21	requires	require	VERB
cblr-10941	216	22	directors	director	NOUN
cblr-10941	216	23	to	to	PART
cblr-10941	216	24	“	"	PUNCT
cblr-10941	216	25	maximize	maximize	VERB
cblr-10941	216	26	the	the	DET
cblr-10941	216	27	value	value	NOUN
cblr-10941	216	28	of	of	ADP
cblr-10941	216	29	the	the	DET
cblr-10941	216	30	corporation	corporation	NOUN
cblr-10941	216	31	over	over	ADP
cblr-10941	216	32	the	the	DET
cblr-10941	216	33	long	long	ADJ
cblr-10941	216	34	-	-	PUNCT
cblr-10941	216	35	term	term	NOUN
cblr-10941	216	36	for	for	ADP
cblr-10941	216	37	the	the	DET
cblr-10941	216	38	benefit	benefit	NOUN
cblr-10941	216	39	of	of	ADP
cblr-10941	216	40	the	the	DET
cblr-10941	216	41	providers	provider	NOUN
cblr-10941	216	42	of	of	ADP
cblr-10941	216	43	equity	equity	NOUN
cblr-10941	216	44	capital	capital	NOUN
cblr-10941	216	45	”	"	PUNCT
cblr-10941	216	46	)	)	PUNCT
cblr-10941	216	47	.	.	PUNCT
cblr-10941	217	1	57	57	NUM
cblr-10941	217	2	bratton	bratton	PROPN
cblr-10941	217	3	&	&	CCONJ
cblr-10941	217	4	wachter	wachter	PROPN
cblr-10941	217	5	,	,	PUNCT
cblr-10941	217	6	supra	supra	PROPN
cblr-10941	217	7	note	note	NOUN
cblr-10941	217	8	10	10	NUM
cblr-10941	217	9	,	,	PUNCT
cblr-10941	217	10	at	at	ADP
cblr-10941	217	11	696–716	696–716	NUM
cblr-10941	217	12	;	;	PUNCT
cblr-10941	217	13	lipton	lipton	PROPN
cblr-10941	217	14	&	&	CCONJ
cblr-10941	217	15	rosenblum	rosenblum	PROPN
cblr-10941	217	16	,	,	PUNCT
cblr-10941	217	17	supra	supra	PROPN
cblr-10941	217	18	note	note	NOUN
cblr-10941	217	19	10	10	NUM
cblr-10941	217	20	,	,	PUNCT
cblr-10941	217	21	at	at	ADP
cblr-10941	217	22	202–05	202–05	NUM
cblr-10941	217	23	;	;	PUNCT
cblr-10941	217	24	strine	strine	PROPN
cblr-10941	217	25	,	,	PUNCT
cblr-10941	217	26	supra	supra	PROPN
cblr-10941	217	27	note	note	PROPN
cblr-10941	217	28	10	10	NUM
cblr-10941	217	29	,	,	PUNCT
cblr-10941	217	30	at	at	ADP
cblr-10941	217	31	9–19	9–19	NOUN
cblr-10941	217	32	.	.	PUNCT
cblr-10941	218	1	58	58	NUM
cblr-10941	218	2	see	see	VERB
cblr-10941	218	3	bratton	bratton	PROPN
cblr-10941	218	4	&	&	CCONJ
cblr-10941	218	5	wachter	wachter	PROPN
cblr-10941	218	6	,	,	PUNCT
cblr-10941	218	7	supra	supra	PROPN
cblr-10941	218	8	note	note	NOUN
cblr-10941	218	9	10	10	NUM
cblr-10941	218	10	,	,	PUNCT
cblr-10941	218	11	at	at	ADP
cblr-10941	218	12	700–01	700–01	NUM
cblr-10941	218	13	(	(	PUNCT
cblr-10941	218	14	arguing	argue	VERB
cblr-10941	218	15	that	that	SCONJ
cblr-10941	218	16	markets	market	NOUN
cblr-10941	218	17	may	may	AUX
cblr-10941	218	18	misprice	misprice	VERB
cblr-10941	218	19	long	long	ADJ
cblr-10941	218	20	-	-	PUNCT
cblr-10941	218	21	term	term	NOUN
cblr-10941	218	22	projects	project	NOUN
cblr-10941	218	23	and	and	CCONJ
cblr-10941	218	24	thus	thus	ADV
cblr-10941	218	25	managers	manager	NOUN
cblr-10941	218	26	who	who	PRON
cblr-10941	218	27	seek	seek	VERB
cblr-10941	218	28	to	to	PART
cblr-10941	218	29	maximize	maximize	VERB
cblr-10941	218	30	their	their	PRON
cblr-10941	218	31	company	company	NOUN
cblr-10941	218	32	’s	’s	PART
cblr-10941	218	33	stock	stock	NOUN
cblr-10941	218	34	price	price	NOUN
cblr-10941	218	35	in	in	ADP
cblr-10941	218	36	the	the	DET
cblr-10941	218	37	short	short	ADJ
cblr-10941	218	38	term	term	NOUN
cblr-10941	218	39	may	may	AUX
cblr-10941	218	40	pass	pass	VERB
cblr-10941	218	41	on	on	ADP
cblr-10941	218	42	investing	invest	VERB
cblr-10941	218	43	in	in	ADP
cblr-10941	218	44	valuable	valuable	ADJ
cblr-10941	218	45	projects	project	NOUN
cblr-10941	218	46	)	)	PUNCT
cblr-10941	218	47	.	.	PUNCT
cblr-10941	219	1	59	59	NUM
cblr-10941	219	2	see	see	VERB
cblr-10941	219	3	lipton	lipton	PROPN
cblr-10941	219	4	,	,	PUNCT
cblr-10941	219	5	supra	supra	PROPN
cblr-10941	219	6	note	note	PROPN
cblr-10941	219	7	11	11	NUM
cblr-10941	219	8	;	;	PUNCT
cblr-10941	219	9	strine	strine	PROPN
cblr-10941	219	10	,	,	PUNCT
cblr-10941	219	11	supra	supra	PROPN
cblr-10941	219	12	note	note	PROPN
cblr-10941	219	13	11	11	NUM
cblr-10941	219	14	,	,	PUNCT
cblr-10941	219	15	at	at	ADP
cblr-10941	219	16	1938–51	1938–51	NUM
cblr-10941	219	17	.	.	PUNCT
cblr-10941	220	1	60	60	NUM
cblr-10941	220	2	see	see	VERB
cblr-10941	220	3	lipton	lipton	PROPN
cblr-10941	220	4	,	,	PUNCT
cblr-10941	220	5	supra	supra	PROPN
cblr-10941	220	6	note	note	PROPN
cblr-10941	220	7	11	11	NUM
cblr-10941	220	8	;	;	PUNCT
cblr-10941	220	9	strine	strine	PROPN
cblr-10941	220	10	,	,	PUNCT
cblr-10941	220	11	supra	supra	PROPN
cblr-10941	220	12	note	note	PROPN
cblr-10941	220	13	11	11	NUM
cblr-10941	220	14	,	,	PUNCT
cblr-10941	220	15	at	at	ADP
cblr-10941	220	16	1938–51	1938–51	NUM
cblr-10941	220	17	.	.	PUNCT
cblr-10941	221	1	61	61	NUM
cblr-10941	221	2	see	see	VERB
cblr-10941	221	3	lipton	lipton	PROPN
cblr-10941	221	4	&	&	CCONJ
cblr-10941	221	5	rosenblum	rosenblum	PROPN
cblr-10941	221	6	,	,	PUNCT
cblr-10941	221	7	supra	supra	PROPN
cblr-10941	221	8	note	note	NOUN
cblr-10941	221	9	10	10	NUM
cblr-10941	221	10	,	,	PUNCT
cblr-10941	221	11	at	at	ADP
cblr-10941	221	12	229–48	229–48	NUM
cblr-10941	221	13	;	;	PUNCT
cblr-10941	221	14	see	see	VERB
cblr-10941	221	15	also	also	ADV
cblr-10941	221	16	bratton	bratton	PROPN
cblr-10941	221	17	&	&	CCONJ
cblr-10941	221	18	wachter	wachter	PROPN
cblr-10941	221	19	,	,	PUNCT
cblr-10941	221	20	supra	supra	PROPN
cblr-10941	221	21	note	note	NOUN
cblr-10941	221	22	10	10	NUM
cblr-10941	221	23	,	,	PUNCT
cblr-10941	221	24	at	at	ADP
cblr-10941	221	25	715–16	715–16	NOUN
cblr-10941	221	26	(	(	PUNCT
cblr-10941	221	27	arguing	argue	VERB
cblr-10941	221	28	against	against	ADP
cblr-10941	221	29	further	far	ADV
cblr-10941	221	30	empowering	empower	VERB
cblr-10941	221	31	shareholders	shareholder	NOUN
cblr-10941	221	32	)	)	PUNCT
cblr-10941	221	33	;	;	PUNCT
cblr-10941	221	34	strine	strine	PROPN
cblr-10941	221	35	,	,	PUNCT
cblr-10941	221	36	supra	supra	PROPN
cblr-10941	221	37	note	note	PROPN
cblr-10941	221	38	10	10	NUM
cblr-10941	221	39	,	,	PUNCT
cblr-10941	221	40	at	at	ADP
cblr-10941	221	41	3–4	3–4	NUM
cblr-10941	221	42	(	(	PUNCT
cblr-10941	221	43	“	"	PUNCT
cblr-10941	221	44	the	the	DET
cblr-10941	221	45	ability	ability	NOUN
cblr-10941	221	46	of	of	ADP
cblr-10941	221	47	central	central	ADJ
cblr-10941	221	48	management	management	NOUN
cblr-10941	221	49	to	to	PART
cblr-10941	221	50	innovate	innovate	VERB
cblr-10941	221	51	and	and	CCONJ
cblr-10941	221	52	pursue	pursue	VERB
cblr-10941	221	53	risky	risky	ADJ
cblr-10941	221	54	strategies	strategy	NOUN
cblr-10941	221	55	has	have	AUX
cblr-10941	221	56	been	be	AUX
cblr-10941	221	57	protected	protect	VERB
cblr-10941	221	58	by	by	ADP
cblr-10941	221	59	corporate	corporate	ADJ
cblr-10941	221	60	law	law	NOUN
cblr-10941	221	61	’s	’s	PART
cblr-10941	221	62	adoption	adoption	NOUN
cblr-10941	221	63	of	of	ADP
cblr-10941	221	64	a	a	DET
cblr-10941	221	65	republican	republican	PROPN
cblr-10941	221	66	,	,	PUNCT
cblr-10941	221	67	rather	rather	ADV
cblr-10941	221	68	than	than	ADP
cblr-10941	221	69	direct	direct	ADJ
cblr-10941	221	70	,	,	PUNCT
cblr-10941	221	71	model	model	NOUN
cblr-10941	221	72	of	of	ADP
cblr-10941	221	73	corporate	corporate	ADJ
cblr-10941	221	74	democracy	democracy	NOUN
cblr-10941	221	75	.	.	PUNCT
cblr-10941	221	76	”	"	PUNCT
cblr-10941	221	77	)	)	PUNCT
cblr-10941	221	78	.	.	PUNCT
cblr-10941	222	1	62	62	NUM
cblr-10941	222	2	see	see	VERB
cblr-10941	222	3	lipton	lipton	PROPN
cblr-10941	222	4	&	&	CCONJ
cblr-10941	222	5	rosenblum	rosenblum	PROPN
cblr-10941	222	6	,	,	PUNCT
cblr-10941	222	7	supra	supra	PROPN
cblr-10941	222	8	note	note	NOUN
cblr-10941	222	9	10	10	NUM
cblr-10941	222	10	,	,	PUNCT
cblr-10941	222	11	at	at	ADP
cblr-10941	222	12	229–48	229–48	NUM
cblr-10941	222	13	(	(	PUNCT
cblr-10941	222	14	proposing	propose	VERB
cblr-10941	222	15	a	a	DET
cblr-10941	222	16	series	series	NOUN
cblr-10941	222	17	of	of	ADP
cblr-10941	222	18	reforms	reform	NOUN
cblr-10941	222	19	to	to	PART
cblr-10941	222	20	insulate	insulate	VERB
cblr-10941	222	21	directors	director	NOUN
cblr-10941	222	22	,	,	PUNCT
cblr-10941	222	23	including	include	VERB
cblr-10941	222	24	five	five	NUM
cblr-10941	222	25	-	-	PUNCT
cblr-10941	222	26	year	year	NOUN
cblr-10941	222	27	terms	term	NOUN
cblr-10941	222	28	)	)	PUNCT
cblr-10941	222	29	.	.	PUNCT
cblr-10941	223	1	no	no	INTJ
cblr-10941	223	2	.	.	PUNCT
cblr-10941	224	1	2:859	2:859	NUM
cblr-10941	224	2	]	]	PUNCT
cblr-10941	224	3	moonshots	moonshot	NOUN
cblr-10941	224	4	873	873	NUM
cblr-10941	224	5	shareholders.63	shareholders.63	NOUN
cblr-10941	224	6	they	they	PRON
cblr-10941	224	7	argue	argue	VERB
cblr-10941	224	8	that	that	SCONJ
cblr-10941	224	9	directors	director	NOUN
cblr-10941	224	10	would	would	AUX
cblr-10941	224	11	invest	invest	VERB
cblr-10941	224	12	in	in	ADP
cblr-10941	224	13	projects	project	NOUN
cblr-10941	224	14	that	that	PRON
cblr-10941	224	15	would	would	AUX
cblr-10941	224	16	increase	increase	VERB
cblr-10941	224	17	long	long	ADJ
cblr-10941	224	18	-	-	PUNCT
cblr-10941	224	19	term	term	NOUN
cblr-10941	224	20	shareholder	shareholder	NOUN
cblr-10941	224	21	value	value	NOUN
cblr-10941	224	22	if	if	SCONJ
cblr-10941	224	23	they	they	PRON
cblr-10941	224	24	were	be	AUX
cblr-10941	224	25	n’t	not	PART
cblr-10941	224	26	forced	force	VERB
cblr-10941	224	27	to	to	PART
cblr-10941	224	28	deliver	deliver	VERB
cblr-10941	224	29	short	short	ADJ
cblr-10941	224	30	-	-	PUNCT
cblr-10941	224	31	term	term	NOUN
cblr-10941	224	32	profits.64	profits.64	NOUN
cblr-10941	224	33	the	the	DET
cblr-10941	224	34	skeptics	skeptic	NOUN
cblr-10941	224	35	argue	argue	VERB
cblr-10941	224	36	that	that	SCONJ
cblr-10941	224	37	insulating	insulate	VERB
cblr-10941	224	38	directors	director	NOUN
cblr-10941	224	39	wo	will	AUX
cblr-10941	224	40	n’t	not	PART
cblr-10941	224	41	serve	serve	VERB
cblr-10941	224	42	shareholder	shareholder	NOUN
cblr-10941	224	43	interests	interest	NOUN
cblr-10941	224	44	.	.	PUNCT
cblr-10941	225	1	lucian	lucian	PROPN
cblr-10941	225	2	bebchuk	bebchuk	PROPN
cblr-10941	225	3	,	,	PUNCT
cblr-10941	225	4	a	a	DET
cblr-10941	225	5	leading	lead	VERB
cblr-10941	225	6	skeptic	skeptic	NOUN
cblr-10941	225	7	,	,	PUNCT
cblr-10941	225	8	contends	contend	VERB
cblr-10941	225	9	that	that	SCONJ
cblr-10941	225	10	board	board	NOUN
cblr-10941	225	11	insulation	insulation	NOUN
cblr-10941	225	12	can	can	AUX
cblr-10941	225	13	“	"	PUNCT
cblr-10941	225	14	increase	increase	VERB
cblr-10941	225	15	slack	slack	NOUN
cblr-10941	225	16	,	,	PUNCT
cblr-10941	225	17	empire	empire	NOUN
cblr-10941	225	18	building	building	NOUN
cblr-10941	225	19	,	,	PUNCT
cblr-10941	225	20	excessive	excessive	ADJ
cblr-10941	225	21	pay	pay	NOUN
cblr-10941	225	22	,	,	PUNCT
cblr-10941	225	23	and	and	CCONJ
cblr-10941	225	24	other	other	ADJ
cblr-10941	225	25	forms	form	NOUN
cblr-10941	225	26	of	of	ADP
cblr-10941	225	27	private	private	ADJ
cblr-10941	225	28	benefits	benefit	NOUN
cblr-10941	225	29	.	.	PUNCT
cblr-10941	226	1	”65	”65	PROPN
cblr-10941	226	2	other	other	ADJ
cblr-10941	226	3	scholars	scholar	NOUN
cblr-10941	226	4	worry	worry	VERB
cblr-10941	226	5	that	that	SCONJ
cblr-10941	226	6	managers	manager	NOUN
cblr-10941	226	7	who	who	PRON
cblr-10941	226	8	feel	feel	VERB
cblr-10941	226	9	free	free	ADJ
cblr-10941	226	10	to	to	PART
cblr-10941	226	11	disregard	disregard	VERB
cblr-10941	226	12	feedback	feedback	NOUN
cblr-10941	226	13	about	about	ADP
cblr-10941	226	14	their	their	PRON
cblr-10941	226	15	short	short	ADJ
cblr-10941	226	16	-	-	PUNCT
cblr-10941	226	17	term	term	NOUN
cblr-10941	226	18	performance	performance	NOUN
cblr-10941	226	19	will	will	AUX
cblr-10941	226	20	make	make	VERB
cblr-10941	226	21	overconfident	overconfident	ADJ
cblr-10941	226	22	or	or	CCONJ
cblr-10941	226	23	overly	overly	ADV
cblr-10941	226	24	optimistic	optimistic	ADJ
cblr-10941	226	25	decisions.66	decisions.66	NOUN
cblr-10941	226	26	some	some	DET
cblr-10941	226	27	skeptics	skeptic	NOUN
cblr-10941	226	28	go	go	VERB
cblr-10941	226	29	further	far	ADV
cblr-10941	226	30	and	and	CCONJ
cblr-10941	226	31	question	question	VERB
cblr-10941	226	32	the	the	DET
cblr-10941	226	33	short	short	ADJ
cblr-10941	226	34	-	-	PUNCT
cblr-10941	226	35	termists	termist	NOUN
cblr-10941	226	36	’	'	PUNCT
cblr-10941	226	37	core	core	NOUN
cblr-10941	226	38	thesis	thesis	NOUN
cblr-10941	226	39	that	that	SCONJ
cblr-10941	226	40	the	the	DET
cblr-10941	226	41	stock	stock	NOUN
cblr-10941	226	42	market	market	NOUN
cblr-10941	226	43	rewards	reward	VERB
cblr-10941	226	44	companies	company	NOUN
cblr-10941	226	45	that	that	PRON
cblr-10941	226	46	prioritize	prioritize	VERB
cblr-10941	226	47	short	short	ADJ
cblr-10941	226	48	-	-	PUNCT
cblr-10941	226	49	term	term	NOUN
cblr-10941	226	50	profits	profit	NOUN
cblr-10941	226	51	.	.	PUNCT
cblr-10941	227	1	one	one	NUM
cblr-10941	227	2	of	of	ADP
cblr-10941	227	3	these	these	DET
cblr-10941	227	4	skeptics	skeptic	NOUN
cblr-10941	227	5	,	,	PUNCT
cblr-10941	227	6	mark	mark	PROPN
cblr-10941	227	7	roe	roe	PROPN
cblr-10941	227	8	,	,	PUNCT
cblr-10941	227	9	argues	argue	VERB
cblr-10941	227	10	that	that	SCONJ
cblr-10941	227	11	the	the	DET
cblr-10941	227	12	success	success	NOUN
cblr-10941	227	13	of	of	ADP
cblr-10941	227	14	tech	tech	NOUN
cblr-10941	227	15	companies	company	NOUN
cblr-10941	227	16	like	like	ADP
cblr-10941	227	17	alphabet	alphabet	PROPN
cblr-10941	227	18	,	,	PUNCT
cblr-10941	227	19	amazon	amazon	PROPN
cblr-10941	227	20	,	,	PUNCT
cblr-10941	227	21	apple	apple	NOUN
cblr-10941	227	22	,	,	PUNCT
cblr-10941	227	23	meta	meta	X
cblr-10941	227	24	,	,	PUNCT
cblr-10941	227	25	and	and	CCONJ
cblr-10941	227	26	microsoft	microsoft	PROPN
cblr-10941	227	27	is	be	AUX
cblr-10941	227	28	inconsistent	inconsistent	ADJ
cblr-10941	227	29	with	with	ADP
cblr-10941	227	30	pervasive	pervasive	ADJ
cblr-10941	227	31	shorttermism.67	shorttermism.67	PROPN
cblr-10941	227	32	roe	roe	PROPN
cblr-10941	227	33	contends	contend	VERB
cblr-10941	227	34	that	that	SCONJ
cblr-10941	227	35	the	the	DET
cblr-10941	227	36	tech	tech	NOUN
cblr-10941	227	37	giants	giant	NOUN
cblr-10941	227	38	“	"	PUNCT
cblr-10941	227	39	are	be	AUX
cblr-10941	227	40	quintessential	quintessential	ADJ
cblr-10941	227	41	long	long	ADJ
cblr-10941	227	42	-	-	PUNCT
cblr-10941	227	43	term	term	NOUN
cblr-10941	227	44	companies	company	NOUN
cblr-10941	227	45	.	.	PUNCT
cblr-10941	228	1	they	they	PRON
cblr-10941	228	2	do	do	VERB
cblr-10941	228	3	much	much	ADJ
cblr-10941	228	4	r&d	r&d	NOUN
cblr-10941	228	5	.	.	PUNCT
cblr-10941	229	1	their	their	PRON
cblr-10941	229	2	current	current	ADJ
cblr-10941	229	3	earnings	earning	NOUN
cblr-10941	229	4	can	can	AUX
cblr-10941	229	5	not	not	PART
cblr-10941	229	6	justify	justify	VERB
cblr-10941	229	7	their	their	PRON
cblr-10941	229	8	current	current	ADJ
cblr-10941	229	9	stock	stock	NOUN
cblr-10941	229	10	price	price	NOUN
cblr-10941	229	11	;	;	PUNCT
cblr-10941	229	12	only	only	ADV
cblr-10941	229	13	a	a	DET
cblr-10941	229	14	belief	belief	NOUN
cblr-10941	229	15	that	that	SCONJ
cblr-10941	229	16	they	they	PRON
cblr-10941	229	17	will	will	AUX
cblr-10941	229	18	grow	grow	VERB
cblr-10941	229	19	long	long	ADJ
cblr-10941	229	20	-	-	PUNCT
cblr-10941	229	21	term	term	NOUN
cblr-10941	229	22	does	do	VERB
cblr-10941	229	23	.	.	PUNCT
cblr-10941	230	1	”68	”68	PROPN
cblr-10941	230	2	empirical	empirical	ADJ
cblr-10941	230	3	research	research	NOUN
cblr-10941	230	4	has	have	AUX
cblr-10941	230	5	cast	cast	VERB
cblr-10941	230	6	doubt	doubt	NOUN
cblr-10941	230	7	on	on	ADP
cblr-10941	230	8	the	the	DET
cblr-10941	230	9	short	short	ADJ
cblr-10941	230	10	-	-	PUNCT
cblr-10941	230	11	termists	termist	NOUN
cblr-10941	230	12	’	'	PUNCT
cblr-10941	230	13	strongest	strong	ADJ
cblr-10941	230	14	claims	claim	NOUN
cblr-10941	230	15	.	.	PUNCT
cblr-10941	231	1	for	for	ADP
cblr-10941	231	2	example	example	NOUN
cblr-10941	231	3	,	,	PUNCT
cblr-10941	231	4	one	one	NUM
cblr-10941	231	5	recent	recent	ADJ
cblr-10941	231	6	study	study	NOUN
cblr-10941	231	7	by	by	ADP
cblr-10941	231	8	bebchuk	bebchuk	NOUN
cblr-10941	231	9	and	and	CCONJ
cblr-10941	231	10	his	his	PRON
cblr-10941	231	11	collaborators	collaborator	NOUN
cblr-10941	231	12	finds	find	VERB
cblr-10941	231	13	that	that	SCONJ
cblr-10941	231	14	activist	activist	ADJ
cblr-10941	231	15	hedge	hedge	NOUN
cblr-10941	231	16	fund	fund	NOUN
cblr-10941	231	17	interventions	intervention	NOUN
cblr-10941	231	18	do	do	AUX
cblr-10941	231	19	n’t	not	PART
cblr-10941	231	20	decrease	decrease	VERB
cblr-10941	231	21	shareholder	shareholder	NOUN
cblr-10941	231	22	value	value	NOUN
cblr-10941	231	23	in	in	ADP
cblr-10941	231	24	the	the	DET
cblr-10941	231	25	aggregate	aggregate	ADJ
cblr-10941	231	26	five	five	NUM
cblr-10941	231	27	years	year	NOUN
cblr-10941	231	28	after	after	ADP
cblr-10941	231	29	the	the	DET
cblr-10941	231	30	intervention.69	intervention.69	NOUN
cblr-10941	231	31	yet	yet	ADV
cblr-10941	231	32	there	there	PRON
cblr-10941	231	33	is	be	VERB
cblr-10941	231	34	also	also	ADV
cblr-10941	231	35	empirical	empirical	ADJ
cblr-10941	231	36	evidence	evidence	NOUN
cblr-10941	231	37	that	that	SCONJ
cblr-10941	231	38	companies	company	NOUN
cblr-10941	231	39	targeted	target	VERB
cblr-10941	231	40	by	by	ADP
cblr-10941	231	41	activist	activist	ADJ
cblr-10941	231	42	hedge	hedge	NOUN
cblr-10941	231	43	funds	fund	NOUN
cblr-10941	231	44	reduce	reduce	VERB
cblr-10941	231	45	their	their	PRON
cblr-10941	231	46	r&d	r&d	NOUN
cblr-10941	231	47	expenditures.70	expenditures.70	NOUN
cblr-10941	231	48	in	in	ADP
cblr-10941	231	49	some	some	DET
cblr-10941	231	50	cases	case	NOUN
cblr-10941	231	51	,	,	PUNCT
cblr-10941	231	52	63	63	NUM
cblr-10941	231	53	see	see	VERB
cblr-10941	231	54	bratton	bratton	PROPN
cblr-10941	231	55	&	&	CCONJ
cblr-10941	231	56	wachter	wachter	PROPN
cblr-10941	231	57	,	,	PUNCT
cblr-10941	231	58	supra	supra	PROPN
cblr-10941	231	59	note	note	NOUN
cblr-10941	231	60	10	10	NUM
cblr-10941	231	61	,	,	PUNCT
cblr-10941	231	62	at	at	ADP
cblr-10941	231	63	696–705	696–705	NUM
cblr-10941	231	64	(	(	PUNCT
cblr-10941	231	65	reviewing	review	VERB
cblr-10941	231	66	evidence	evidence	NOUN
cblr-10941	231	67	of	of	ADP
cblr-10941	231	68	information	information	NOUN
cblr-10941	231	69	asymmetries	asymmetry	NOUN
cblr-10941	231	70	between	between	ADP
cblr-10941	231	71	managers	manager	NOUN
cblr-10941	231	72	and	and	CCONJ
cblr-10941	231	73	shareholders	shareholder	NOUN
cblr-10941	231	74	)	)	PUNCT
cblr-10941	231	75	.	.	PUNCT
cblr-10941	232	1	64	64	NUM
cblr-10941	232	2	see	see	VERB
cblr-10941	232	3	lipton	lipton	PROPN
cblr-10941	232	4	&	&	CCONJ
cblr-10941	232	5	rosenblum	rosenblum	PROPN
cblr-10941	232	6	,	,	PUNCT
cblr-10941	232	7	supra	supra	PROPN
cblr-10941	232	8	note	note	NOUN
cblr-10941	232	9	10	10	NUM
cblr-10941	232	10	,	,	PUNCT
cblr-10941	232	11	at	at	ADP
cblr-10941	232	12	225–28	225–28	PROPN
cblr-10941	232	13	(	(	PUNCT
cblr-10941	232	14	describing	describe	VERB
cblr-10941	232	15	the	the	DET
cblr-10941	232	16	potential	potential	ADJ
cblr-10941	232	17	benefits	benefit	NOUN
cblr-10941	232	18	of	of	ADP
cblr-10941	232	19	their	their	PRON
cblr-10941	232	20	plan	plan	NOUN
cblr-10941	232	21	to	to	PART
cblr-10941	232	22	insulate	insulate	VERB
cblr-10941	232	23	directors	director	NOUN
cblr-10941	232	24	)	)	PUNCT
cblr-10941	232	25	.	.	PUNCT
cblr-10941	233	1	65	65	NUM
cblr-10941	233	2	see	see	VERB
cblr-10941	233	3	bebchuk	bebchuk	NOUN
cblr-10941	233	4	,	,	PUNCT
cblr-10941	233	5	supra	supra	PROPN
cblr-10941	233	6	note	note	NOUN
cblr-10941	233	7	13	13	NUM
cblr-10941	233	8	,	,	PUNCT
cblr-10941	233	9	at	at	ADP
cblr-10941	233	10	1679	1679	NUM
cblr-10941	233	11	.	.	PUNCT
cblr-10941	234	1	66	66	NUM
cblr-10941	234	2	see	see	VERB
cblr-10941	234	3	michael	michael	PROPN
cblr-10941	234	4	barzuza	barzuza	PROPN
cblr-10941	234	5	&	&	CCONJ
cblr-10941	234	6	eric	eric	PROPN
cblr-10941	234	7	talley	talley	PROPN
cblr-10941	234	8	,	,	PUNCT
cblr-10941	234	9	long	long	ADJ
cblr-10941	234	10	-	-	PUNCT
cblr-10941	234	11	term	term	NOUN
cblr-10941	234	12	bias	bias	NOUN
cblr-10941	234	13	,	,	PUNCT
cblr-10941	234	14	2020	2020	NUM
cblr-10941	234	15	colum	colum	NOUN
cblr-10941	234	16	.	.	PUNCT
cblr-10941	235	1	bus	bus	NOUN
cblr-10941	235	2	.	.	PUNCT
cblr-10941	236	1	l.	l.	PROPN
cblr-10941	236	2	rev	rev	PROPN
cblr-10941	236	3	.	.	PROPN
cblr-10941	236	4	104	104	NUM
cblr-10941	236	5	,	,	PUNCT
cblr-10941	236	6	135–72	135–72	NUM
cblr-10941	236	7	.	.	PUNCT
cblr-10941	237	1	67	67	NUM
cblr-10941	237	2	see	see	VERB
cblr-10941	237	3	roe	roe	NOUN
cblr-10941	237	4	,	,	PUNCT
cblr-10941	237	5	supra	supra	PROPN
cblr-10941	237	6	note	note	PROPN
cblr-10941	237	7	13	13	NUM
cblr-10941	237	8	,	,	PUNCT
cblr-10941	237	9	at	at	ADP
cblr-10941	237	10	98–100	98–100	PROPN
cblr-10941	237	11	.	.	PUNCT
cblr-10941	238	1	68	68	NUM
cblr-10941	239	1	i	i	PRON
cblr-10941	239	2	d.	d.	NOUN
cblr-10941	239	3	at	at	ADP
cblr-10941	239	4	98	98	NUM
cblr-10941	239	5	.	.	PUNCT
cblr-10941	240	1	69	69	NUM
cblr-10941	240	2	see	see	VERB
cblr-10941	240	3	bebchuk	bebchuk	PROPN
cblr-10941	240	4	et	et	PROPN
cblr-10941	240	5	al	al	PROPN
cblr-10941	240	6	.	.	PROPN
cblr-10941	240	7	,	,	PUNCT
cblr-10941	240	8	supra	supra	PROPN
cblr-10941	240	9	note	note	PROPN
cblr-10941	240	10	15	15	NUM
cblr-10941	240	11	,	,	PUNCT
cblr-10941	240	12	at	at	ADP
cblr-10941	240	13	1103–06	1103–06	NUM
cblr-10941	240	14	(	(	PUNCT
cblr-10941	240	15	finding	finding	NOUN
cblr-10941	240	16	,	,	PUNCT
cblr-10941	240	17	in	in	ADP
cblr-10941	240	18	a	a	DET
cblr-10941	240	19	study	study	NOUN
cblr-10941	240	20	of	of	ADP
cblr-10941	240	21	2,000	2,000	NUM
cblr-10941	240	22	activist	activist	ADJ
cblr-10941	240	23	hedge	hedge	NOUN
cblr-10941	240	24	funds	fund	NOUN
cblr-10941	240	25	interventions	intervention	NOUN
cblr-10941	240	26	from	from	ADP
cblr-10941	240	27	1994	1994	NUM
cblr-10941	240	28	to	to	ADP
cblr-10941	240	29	2007	2007	NUM
cblr-10941	240	30	,	,	PUNCT
cblr-10941	240	31	net	net	ADJ
cblr-10941	240	32	improvements	improvement	NOUN
cblr-10941	240	33	in	in	ADP
cblr-10941	240	34	share	share	NOUN
cblr-10941	240	35	value	value	NOUN
cblr-10941	240	36	five	five	NUM
cblr-10941	240	37	years	year	NOUN
cblr-10941	240	38	after	after	ADP
cblr-10941	240	39	the	the	DET
cblr-10941	240	40	intervention	intervention	NOUN
cblr-10941	240	41	)	)	PUNCT
cblr-10941	240	42	;	;	PUNCT
cblr-10941	240	43	see	see	VERB
cblr-10941	240	44	also	also	ADV
cblr-10941	240	45	bebchuk	bebchuk	NOUN
cblr-10941	240	46	,	,	PUNCT
cblr-10941	240	47	supra	supra	PROPN
cblr-10941	240	48	note	note	NOUN
cblr-10941	240	49	13	13	NUM
cblr-10941	240	50	,	,	PUNCT
cblr-10941	240	51	at	at	ADP
cblr-10941	240	52	1668–76	1668–76	NUM
cblr-10941	240	53	(	(	PUNCT
cblr-10941	240	54	reviewing	review	VERB
cblr-10941	240	55	earlier	early	ADV
cblr-10941	240	56	empirical	empirical	ADJ
cblr-10941	240	57	evidence	evidence	NOUN
cblr-10941	240	58	)	)	PUNCT
cblr-10941	240	59	.	.	PUNCT
cblr-10941	241	1	70	70	NUM
cblr-10941	241	2	see	see	VERB
cblr-10941	241	3	coffee	coffee	NOUN
cblr-10941	241	4	&	&	CCONJ
cblr-10941	241	5	palia	palia	PROPN
cblr-10941	241	6	,	,	PUNCT
cblr-10941	241	7	supra	supra	PROPN
cblr-10941	241	8	note	note	PROPN
cblr-10941	241	9	16	16	NUM
cblr-10941	241	10	,	,	PUNCT
cblr-10941	241	11	at	at	ADP
cblr-10941	241	12	574–77	574–77	PROPN
cblr-10941	241	13	.	.	PROPN
cblr-10941	241	14	874	874	NUM
cblr-10941	241	15	columbia	columbia	PROPN
cblr-10941	241	16	business	business	NOUN
cblr-10941	241	17	law	law	PROPN
cblr-10941	241	18	review	review	NOUN
cblr-10941	241	19	[	[	X
cblr-10941	241	20	vol	vol	NOUN
cblr-10941	241	21	.	.	PUNCT
cblr-10941	241	22	2022	2022	NUM
cblr-10941	241	23	managers	manager	NOUN
cblr-10941	241	24	of	of	ADP
cblr-10941	241	25	activist	activist	ADJ
cblr-10941	241	26	hedge	hedge	NOUN
cblr-10941	241	27	funds	fund	NOUN
cblr-10941	241	28	have	have	AUX
cblr-10941	241	29	openly	openly	ADV
cblr-10941	241	30	stated	state	VERB
cblr-10941	241	31	that	that	SCONJ
cblr-10941	241	32	they	they	PRON
cblr-10941	241	33	intend	intend	VERB
cblr-10941	241	34	to	to	PART
cblr-10941	241	35	create	create	VERB
cblr-10941	241	36	value	value	NOUN
cblr-10941	241	37	by	by	ADP
cblr-10941	241	38	forcing	force	VERB
cblr-10941	241	39	their	their	PRON
cblr-10941	241	40	targets	target	NOUN
cblr-10941	241	41	to	to	PART
cblr-10941	241	42	shut	shut	VERB
cblr-10941	241	43	down	down	ADP
cblr-10941	241	44	r&d	r&d	NOUN
cblr-10941	241	45	operations.71	operations.71	NOUN
cblr-10941	241	46	it	it	PRON
cblr-10941	241	47	’s	’	VERB
cblr-10941	241	48	possible	possible	ADJ
cblr-10941	241	49	that	that	SCONJ
cblr-10941	241	50	activist	activist	ADJ
cblr-10941	241	51	hedge	hedge	NOUN
cblr-10941	241	52	fund	fund	NOUN
cblr-10941	241	53	pressure	pressure	NOUN
cblr-10941	241	54	both	both	PRON
cblr-10941	241	55	reduces	reduce	VERB
cblr-10941	241	56	agency	agency	NOUN
cblr-10941	241	57	costs	cost	NOUN
cblr-10941	241	58	and	and	CCONJ
cblr-10941	241	59	causes	cause	VERB
cblr-10941	241	60	some	some	DET
cblr-10941	241	61	managers	manager	NOUN
cblr-10941	241	62	to	to	PART
cblr-10941	241	63	forgo	forgo	VERB
cblr-10941	241	64	investing	invest	VERB
cblr-10941	241	65	in	in	ADP
cblr-10941	241	66	valuable	valuable	ADJ
cblr-10941	241	67	long	long	ADJ
cblr-10941	241	68	-	-	PUNCT
cblr-10941	241	69	term	term	NOUN
cblr-10941	241	70	projects	project	NOUN
cblr-10941	241	71	.	.	PUNCT
cblr-10941	242	1	one	one	NUM
cblr-10941	242	2	weakness	weakness	NOUN
cblr-10941	242	3	of	of	ADP
cblr-10941	242	4	the	the	DET
cblr-10941	242	5	short	short	ADJ
cblr-10941	242	6	-	-	PUNCT
cblr-10941	242	7	termism	termism	NOUN
cblr-10941	242	8	debate	debate	NOUN
cblr-10941	242	9	is	be	AUX
cblr-10941	242	10	that	that	SCONJ
cblr-10941	242	11	the	the	DET
cblr-10941	242	12	participants	participant	NOUN
cblr-10941	242	13	have	have	AUX
cblr-10941	242	14	made	make	VERB
cblr-10941	242	15	arguments	argument	NOUN
cblr-10941	242	16	at	at	ADP
cblr-10941	242	17	a	a	DET
cblr-10941	242	18	high	high	ADJ
cblr-10941	242	19	level	level	NOUN
cblr-10941	242	20	of	of	ADP
cblr-10941	242	21	generality	generality	NOUN
cblr-10941	242	22	.	.	PUNCT
cblr-10941	243	1	the	the	DET
cblr-10941	243	2	short	short	ADJ
cblr-10941	243	3	-	-	PUNCT
cblr-10941	243	4	termists	termist	NOUN
cblr-10941	243	5	usually	usually	ADV
cblr-10941	243	6	argue	argue	VERB
cblr-10941	243	7	that	that	SCONJ
cblr-10941	243	8	managers	manager	NOUN
cblr-10941	243	9	are	be	AUX
cblr-10941	243	10	systematically	systematically	ADV
cblr-10941	243	11	biased	biased	ADJ
cblr-10941	243	12	against	against	ADP
cblr-10941	243	13	long	long	ADJ
cblr-10941	243	14	-	-	PUNCT
cblr-10941	243	15	term	term	NOUN
cblr-10941	243	16	projects	project	NOUN
cblr-10941	243	17	as	as	ADP
cblr-10941	243	18	a	a	DET
cblr-10941	243	19	class	class	NOUN
cblr-10941	243	20	.	.	PUNCT
cblr-10941	244	1	for	for	ADP
cblr-10941	244	2	example	example	NOUN
cblr-10941	244	3	,	,	PUNCT
cblr-10941	244	4	marty	marty	PROPN
cblr-10941	244	5	lipton	lipton	PROPN
cblr-10941	244	6	,	,	PUNCT
cblr-10941	244	7	a	a	DET
cblr-10941	244	8	leading	lead	VERB
cblr-10941	244	9	short	short	ADJ
cblr-10941	244	10	-	-	PUNCT
cblr-10941	244	11	termist	termist	NOUN
cblr-10941	244	12	,	,	PUNCT
cblr-10941	244	13	claims	claim	VERB
cblr-10941	244	14	that	that	SCONJ
cblr-10941	244	15	“	"	PUNCT
cblr-10941	244	16	corporations	corporation	NOUN
cblr-10941	244	17	have	have	AUX
cblr-10941	244	18	sacrificed	sacrifice	VERB
cblr-10941	244	19	research	research	NOUN
cblr-10941	244	20	and	and	CCONJ
cblr-10941	244	21	development	development	NOUN
cblr-10941	244	22	expenses	expense	NOUN
cblr-10941	244	23	,	,	PUNCT
cblr-10941	244	24	capital	capital	NOUN
cblr-10941	244	25	expenditures	expenditure	NOUN
cblr-10941	244	26	,	,	PUNCT
cblr-10941	244	27	market	market	NOUN
cblr-10941	244	28	development	development	NOUN
cblr-10941	244	29	,	,	PUNCT
cblr-10941	244	30	and	and	CCONJ
cblr-10941	244	31	new	new	ADJ
cblr-10941	244	32	business	business	NOUN
cblr-10941	244	33	ventures	venture	NOUN
cblr-10941	244	34	,	,	PUNCT
cblr-10941	244	35	simply	simply	ADV
cblr-10941	244	36	because	because	SCONJ
cblr-10941	244	37	they	they	PRON
cblr-10941	244	38	promise	promise	VERB
cblr-10941	244	39	to	to	PART
cblr-10941	244	40	pay	pay	VERB
cblr-10941	244	41	off	off	ADP
cblr-10941	244	42	only	only	ADV
cblr-10941	244	43	in	in	ADP
cblr-10941	244	44	the	the	DET
cblr-10941	244	45	long	long	ADJ
cblr-10941	244	46	term	term	NOUN
cblr-10941	244	47	.	.	PUNCT
cblr-10941	245	1	”72	”72	PROPN
cblr-10941	246	1	but	but	CCONJ
cblr-10941	246	2	not	not	PART
cblr-10941	246	3	all	all	DET
cblr-10941	246	4	longterm	longterm	ADJ
cblr-10941	246	5	projects	project	NOUN
cblr-10941	246	6	are	be	AUX
cblr-10941	246	7	the	the	DET
cblr-10941	246	8	same	same	ADJ
cblr-10941	246	9	.	.	PUNCT
cblr-10941	247	1	most	most	ADJ
cblr-10941	247	2	long	long	ADJ
cblr-10941	247	3	-	-	PUNCT
cblr-10941	247	4	term	term	NOUN
cblr-10941	247	5	projects	project	NOUN
cblr-10941	247	6	might	might	AUX
cblr-10941	247	7	not	not	PART
cblr-10941	247	8	create	create	VERB
cblr-10941	247	9	the	the	DET
cblr-10941	247	10	kind	kind	NOUN
cblr-10941	247	11	of	of	ADP
cblr-10941	247	12	information	information	NOUN
cblr-10941	247	13	asymmetry	asymmetry	NOUN
cblr-10941	247	14	that	that	PRON
cblr-10941	247	15	could	could	AUX
cblr-10941	247	16	lead	lead	VERB
cblr-10941	247	17	shareholders	shareholder	NOUN
cblr-10941	247	18	or	or	CCONJ
cblr-10941	247	19	activist	activist	ADJ
cblr-10941	247	20	hedge	hedge	NOUN
cblr-10941	247	21	funds	fund	NOUN
cblr-10941	247	22	to	to	ADP
cblr-10941	247	23	pressure	pressure	NOUN
cblr-10941	247	24	managers	manager	NOUN
cblr-10941	247	25	into	into	ADP
cblr-10941	247	26	bad	bad	ADJ
cblr-10941	247	27	decisions	decision	NOUN
cblr-10941	247	28	.	.	PUNCT
cblr-10941	248	1	moonshots	moonshot	NOUN
cblr-10941	248	2	are	be	AUX
cblr-10941	248	3	special	special	ADJ
cblr-10941	248	4	cases	case	NOUN
cblr-10941	248	5	because	because	SCONJ
cblr-10941	248	6	the	the	DET
cblr-10941	248	7	radical	radical	ADJ
cblr-10941	248	8	uncertainty	uncertainty	NOUN
cblr-10941	248	9	of	of	ADP
cblr-10941	248	10	commercializing	commercialize	VERB
cblr-10941	248	11	a	a	DET
cblr-10941	248	12	new	new	ADJ
cblr-10941	248	13	technology	technology	NOUN
cblr-10941	248	14	does	do	AUX
cblr-10941	248	15	create	create	VERB
cblr-10941	248	16	serious	serious	ADJ
cblr-10941	248	17	information	information	NOUN
cblr-10941	248	18	asymmetries	asymmetry	NOUN
cblr-10941	248	19	and	and	CCONJ
cblr-10941	248	20	agency	agency	NOUN
cblr-10941	248	21	problems	problem	NOUN
cblr-10941	248	22	.	.	PUNCT
cblr-10941	249	1	b.	b.	PROPN
cblr-10941	250	1	the	the	DET
cblr-10941	250	2	monitoring	monitoring	NOUN
cblr-10941	250	3	problem	problem	NOUN
cblr-10941	250	4	suppose	suppose	VERB
cblr-10941	250	5	that	that	SCONJ
cblr-10941	250	6	a	a	DET
cblr-10941	250	7	risk	risk	NOUN
cblr-10941	250	8	-	-	PUNCT
cblr-10941	250	9	neutral	neutral	ADJ
cblr-10941	250	10	investor	investor	NOUN
cblr-10941	250	11	(	(	PUNCT
cblr-10941	250	12	the	the	DET
cblr-10941	250	13	principal	principal	NOUN
cblr-10941	250	14	)	)	PUNCT
cblr-10941	250	15	lets	let	VERB
cblr-10941	250	16	a	a	DET
cblr-10941	250	17	manager	manager	NOUN
cblr-10941	250	18	(	(	PUNCT
cblr-10941	250	19	the	the	DET
cblr-10941	250	20	agent	agent	NOUN
cblr-10941	250	21	)	)	PUNCT
cblr-10941	250	22	invest	invest	VERB
cblr-10941	250	23	money	money	NOUN
cblr-10941	250	24	on	on	ADP
cblr-10941	250	25	the	the	DET
cblr-10941	250	26	investor	investor	NOUN
cblr-10941	250	27	’s	’s	PART
cblr-10941	250	28	behalf.73	behalf.73	NOUN
cblr-10941	250	29	the	the	DET
cblr-10941	250	30	manager	manager	NOUN
cblr-10941	250	31	must	must	AUX
cblr-10941	250	32	decide	decide	VERB
cblr-10941	250	33	between	between	ADP
cblr-10941	250	34	spending	spend	VERB
cblr-10941	250	35	that	that	DET
cblr-10941	250	36	money	money	NOUN
cblr-10941	250	37	on	on	ADP
cblr-10941	250	38	one	one	NUM
cblr-10941	250	39	of	of	ADP
cblr-10941	250	40	two	two	NUM
cblr-10941	250	41	projects	project	NOUN
cblr-10941	250	42	,	,	PUNCT
cblr-10941	250	43	s	s	PART
cblr-10941	250	44	and	and	CCONJ
cblr-10941	250	45	l.	l.	NOUN
cblr-10941	250	46	the	the	DET
cblr-10941	250	47	investment	investment	NOUN
cblr-10941	250	48	will	will	AUX
cblr-10941	250	49	have	have	VERB
cblr-10941	250	50	three	three	NUM
cblr-10941	250	51	stages	stage	NOUN
cblr-10941	250	52	:	:	PUNCT
cblr-10941	250	53	(	(	PUNCT
cblr-10941	250	54	1	1	X
cblr-10941	250	55	)	)	PUNCT
cblr-10941	250	56	allocation	allocation	NOUN
cblr-10941	250	57	,	,	PUNCT
cblr-10941	250	58	(	(	PUNCT
cblr-10941	250	59	2	2	X
cblr-10941	250	60	)	)	PUNCT
cblr-10941	250	61	interim	interim	ADJ
cblr-10941	250	62	review	review	NOUN
cblr-10941	250	63	,	,	PUNCT
cblr-10941	250	64	and	and	CCONJ
cblr-10941	250	65	(	(	PUNCT
cblr-10941	250	66	3	3	X
cblr-10941	250	67	)	)	PUNCT
cblr-10941	250	68	liquidation	liquidation	NOUN
cblr-10941	250	69	.	.	PUNCT
cblr-10941	251	1	at	at	ADP
cblr-10941	251	2	the	the	DET
cblr-10941	251	3	allocation	allocation	NOUN
cblr-10941	251	4	,	,	PUNCT
cblr-10941	251	5	the	the	DET
cblr-10941	251	6	investor	investor	NOUN
cblr-10941	251	7	gives	give	VERB
cblr-10941	251	8	the	the	DET
cblr-10941	251	9	manager	manager	NOUN
cblr-10941	251	10	the	the	DET
cblr-10941	251	11	money	money	NOUN
cblr-10941	251	12	,	,	PUNCT
cblr-10941	251	13	and	and	CCONJ
cblr-10941	251	14	the	the	DET
cblr-10941	251	15	manager	manager	NOUN
cblr-10941	251	16	chooses	choose	VERB
cblr-10941	251	17	which	which	DET
cblr-10941	251	18	project	project	NOUN
cblr-10941	251	19	to	to	AUX
cblr-10941	251	20	fund	fund	VERB
cblr-10941	251	21	.	.	PUNCT
cblr-10941	252	1	at	at	ADP
cblr-10941	252	2	the	the	DET
cblr-10941	252	3	interim	interim	ADJ
cblr-10941	252	4	review	review	NOUN
cblr-10941	252	5	,	,	PUNCT
cblr-10941	252	6	the	the	DET
cblr-10941	252	7	investor	investor	NOUN
cblr-10941	252	8	evaluates	evaluate	VERB
cblr-10941	252	9	the	the	DET
cblr-10941	252	10	manager	manager	NOUN
cblr-10941	252	11	’s	’s	PART
cblr-10941	252	12	performance	performance	NOUN
cblr-10941	252	13	to	to	ADP
cblr-10941	252	14	date	date	NOUN
cblr-10941	252	15	and	and	CCONJ
cblr-10941	252	16	decides	decide	VERB
cblr-10941	252	17	whether	whether	SCONJ
cblr-10941	252	18	to	to	PART
cblr-10941	252	19	continue	continue	VERB
cblr-10941	252	20	the	the	DET
cblr-10941	252	21	project	project	NOUN
cblr-10941	252	22	.	.	PUNCT
cblr-10941	253	1	at	at	ADP
cblr-10941	253	2	the	the	DET
cblr-10941	253	3	liquidation	liquidation	NOUN
cblr-10941	253	4	,	,	PUNCT
cblr-10941	253	5	the	the	DET
cblr-10941	253	6	profits	profit	NOUN
cblr-10941	253	7	are	be	AUX
cblr-10941	253	8	returned	return	VERB
cblr-10941	253	9	to	to	ADP
cblr-10941	253	10	the	the	DET
cblr-10941	253	11	investor	investor	NOUN
cblr-10941	253	12	.	.	PUNCT
cblr-10941	254	1	now	now	ADV
cblr-10941	254	2	suppose	suppose	VERB
cblr-10941	254	3	that	that	SCONJ
cblr-10941	254	4	the	the	DET
cblr-10941	254	5	manager	manager	NOUN
cblr-10941	254	6	believes	believe	VERB
cblr-10941	254	7	that	that	SCONJ
cblr-10941	254	8	l	l	NOUN
cblr-10941	254	9	has	have	VERB
cblr-10941	254	10	a	a	DET
cblr-10941	254	11	higher	high	ADJ
cblr-10941	254	12	expected	expect	VERB
cblr-10941	254	13	return	return	NOUN
cblr-10941	254	14	than	than	ADP
cblr-10941	254	15	s	s	NOUN
cblr-10941	254	16	at	at	ADP
cblr-10941	254	17	the	the	DET
cblr-10941	254	18	time	time	NOUN
cblr-10941	254	19	of	of	ADP
cblr-10941	254	20	the	the	DET
cblr-10941	254	21	liquidation	liquidation	NOUN
cblr-10941	254	22	.	.	PUNCT
cblr-10941	255	1	but	but	CCONJ
cblr-10941	255	2	the	the	DET
cblr-10941	255	3	71	71	NUM
cblr-10941	255	4	see	see	VERB
cblr-10941	255	5	i	i	PRON
cblr-10941	255	6	d.	d.	PROPN
cblr-10941	255	7	at	at	ADP
cblr-10941	255	8	577–80	577–80	PROPN
cblr-10941	255	9	.	.	PROPN
cblr-10941	255	10	72	72	NUM
cblr-10941	255	11	lipton	lipton	PROPN
cblr-10941	255	12	&	&	CCONJ
cblr-10941	255	13	rosenblum	rosenblum	PROPN
cblr-10941	255	14	,	,	PUNCT
cblr-10941	255	15	supra	supra	PROPN
cblr-10941	255	16	note	note	NOUN
cblr-10941	255	17	10	10	NUM
cblr-10941	255	18	,	,	PUNCT
cblr-10941	255	19	at	at	ADP
cblr-10941	255	20	210	210	NUM
cblr-10941	255	21	.	.	PUNCT
cblr-10941	256	1	73	73	NUM
cblr-10941	256	2	see	see	VERB
cblr-10941	256	3	jensen	jensen	PROPN
cblr-10941	256	4	&	&	CCONJ
cblr-10941	256	5	meckling	meckling	PROPN
cblr-10941	256	6	,	,	PUNCT
cblr-10941	256	7	supra	supra	PROPN
cblr-10941	256	8	note	note	PROPN
cblr-10941	256	9	17	17	NUM
cblr-10941	256	10	,	,	PUNCT
cblr-10941	256	11	at	at	ADP
cblr-10941	256	12	308–09	308–09	NUM
cblr-10941	256	13	(	(	PUNCT
cblr-10941	256	14	modeling	model	VERB
cblr-10941	256	15	the	the	DET
cblr-10941	256	16	firm	firm	NOUN
cblr-10941	256	17	as	as	ADP
cblr-10941	256	18	a	a	DET
cblr-10941	256	19	relationship	relationship	NOUN
cblr-10941	256	20	between	between	ADP
cblr-10941	256	21	the	the	DET
cblr-10941	256	22	stockholder	stockholder	NOUN
cblr-10941	256	23	principal	principal	NOUN
cblr-10941	256	24	and	and	CCONJ
cblr-10941	256	25	the	the	DET
cblr-10941	256	26	manager	manager	NOUN
cblr-10941	256	27	agent	agent	NOUN
cblr-10941	256	28	)	)	PUNCT
cblr-10941	256	29	.	.	PUNCT
cblr-10941	257	1	no	no	INTJ
cblr-10941	257	2	.	.	PUNCT
cblr-10941	258	1	2:859	2:859	NUM
cblr-10941	258	2	]	]	X
cblr-10941	258	3	moonshots	moonshot	NOUN
cblr-10941	258	4	875	875	NUM
cblr-10941	258	5	manager	manager	NOUN
cblr-10941	258	6	also	also	ADV
cblr-10941	258	7	believes	believe	VERB
cblr-10941	258	8	that	that	SCONJ
cblr-10941	258	9	s	s	VERB
cblr-10941	258	10	has	have	VERB
cblr-10941	258	11	a	a	DET
cblr-10941	258	12	higher	high	ADJ
cblr-10941	258	13	expected	expect	VERB
cblr-10941	258	14	return	return	NOUN
cblr-10941	258	15	than	than	ADP
cblr-10941	258	16	l	l	NOUN
cblr-10941	258	17	at	at	ADP
cblr-10941	258	18	the	the	DET
cblr-10941	258	19	time	time	NOUN
cblr-10941	258	20	of	of	ADP
cblr-10941	258	21	the	the	DET
cblr-10941	258	22	interim	interim	ADJ
cblr-10941	258	23	review	review	NOUN
cblr-10941	258	24	.	.	PUNCT
cblr-10941	259	1	the	the	DET
cblr-10941	259	2	manager	manager	NOUN
cblr-10941	259	3	must	must	AUX
cblr-10941	259	4	consider	consider	VERB
cblr-10941	259	5	more	more	ADJ
cblr-10941	259	6	than	than	ADP
cblr-10941	259	7	her	her	PRON
cblr-10941	259	8	own	own	ADJ
cblr-10941	259	9	assessment	assessment	NOUN
cblr-10941	259	10	of	of	ADP
cblr-10941	259	11	the	the	DET
cblr-10941	259	12	expected	expect	VERB
cblr-10941	259	13	return	return	NOUN
cblr-10941	259	14	.	.	PUNCT
cblr-10941	260	1	she	she	PRON
cblr-10941	260	2	must	must	AUX
cblr-10941	260	3	also	also	ADV
cblr-10941	260	4	account	account	VERB
cblr-10941	260	5	for	for	ADP
cblr-10941	260	6	the	the	DET
cblr-10941	260	7	effect	effect	NOUN
cblr-10941	260	8	of	of	ADP
cblr-10941	260	9	the	the	DET
cblr-10941	260	10	investor	investor	NOUN
cblr-10941	260	11	’s	’s	PART
cblr-10941	260	12	monitoring	monitoring	NOUN
cblr-10941	260	13	regime	regime	NOUN
cblr-10941	260	14	.	.	PUNCT
cblr-10941	261	1	the	the	DET
cblr-10941	261	2	information	information	NOUN
cblr-10941	261	3	asymmetry	asymmetry	NOUN
cblr-10941	261	4	between	between	ADP
cblr-10941	261	5	the	the	DET
cblr-10941	261	6	investor	investor	NOUN
cblr-10941	261	7	and	and	CCONJ
cblr-10941	261	8	the	the	DET
cblr-10941	261	9	manager	manager	NOUN
cblr-10941	261	10	at	at	ADP
cblr-10941	261	11	the	the	DET
cblr-10941	261	12	interim	interim	ADJ
cblr-10941	261	13	review	review	NOUN
cblr-10941	261	14	may	may	AUX
cblr-10941	261	15	be	be	AUX
cblr-10941	261	16	fatal	fatal	ADJ
cblr-10941	261	17	to	to	ADP
cblr-10941	261	18	l.74	l.74	PRON
cblr-10941	261	19	if	if	SCONJ
cblr-10941	261	20	the	the	DET
cblr-10941	261	21	investor	investor	NOUN
cblr-10941	261	22	cancels	cancel	VERB
cblr-10941	261	23	l	l	NOUN
cblr-10941	261	24	at	at	ADP
cblr-10941	261	25	the	the	DET
cblr-10941	261	26	interim	interim	ADJ
cblr-10941	261	27	review	review	NOUN
cblr-10941	261	28	,	,	PUNCT
cblr-10941	261	29	the	the	DET
cblr-10941	261	30	manager	manager	NOUN
cblr-10941	261	31	wo	will	AUX
cblr-10941	261	32	n’t	not	PART
cblr-10941	261	33	ever	ever	ADV
cblr-10941	261	34	be	be	AUX
cblr-10941	261	35	able	able	ADJ
cblr-10941	261	36	to	to	PART
cblr-10941	261	37	show	show	VERB
cblr-10941	261	38	that	that	SCONJ
cblr-10941	261	39	l	l	NOUN
cblr-10941	261	40	would	would	AUX
cblr-10941	261	41	have	have	AUX
cblr-10941	261	42	been	be	AUX
cblr-10941	261	43	profitable	profitable	ADJ
cblr-10941	261	44	.	.	PUNCT
cblr-10941	262	1	therefore	therefore	ADV
cblr-10941	262	2	,	,	PUNCT
cblr-10941	262	3	the	the	DET
cblr-10941	262	4	manager	manager	NOUN
cblr-10941	262	5	will	will	AUX
cblr-10941	262	6	only	only	ADV
cblr-10941	262	7	decide	decide	VERB
cblr-10941	262	8	to	to	PART
cblr-10941	262	9	fund	fund	VERB
cblr-10941	262	10	l	l	NOUN
cblr-10941	262	11	if	if	SCONJ
cblr-10941	262	12	she	she	PRON
cblr-10941	262	13	predicts	predict	VERB
cblr-10941	262	14	that	that	SCONJ
cblr-10941	262	15	she	she	PRON
cblr-10941	262	16	will	will	AUX
cblr-10941	262	17	persuade	persuade	VERB
cblr-10941	262	18	the	the	DET
cblr-10941	262	19	investor	investor	NOUN
cblr-10941	262	20	to	to	PART
cblr-10941	262	21	stick	stick	VERB
cblr-10941	262	22	with	with	ADP
cblr-10941	262	23	l	l	NOUN
cblr-10941	262	24	at	at	ADP
cblr-10941	262	25	the	the	DET
cblr-10941	262	26	interim	interim	ADJ
cblr-10941	262	27	review	review	NOUN
cblr-10941	262	28	even	even	ADV
cblr-10941	262	29	though	though	SCONJ
cblr-10941	262	30	it	it	PRON
cblr-10941	262	31	has	have	AUX
cblr-10941	262	32	n’t	not	PART
cblr-10941	262	33	yet	yet	ADV
cblr-10941	262	34	generated	generate	VERB
cblr-10941	262	35	attractive	attractive	ADJ
cblr-10941	262	36	returns	return	NOUN
cblr-10941	262	37	.	.	PUNCT
cblr-10941	263	1	if	if	SCONJ
cblr-10941	263	2	not	not	PART
cblr-10941	263	3	,	,	PUNCT
cblr-10941	263	4	the	the	DET
cblr-10941	263	5	manager	manager	NOUN
cblr-10941	263	6	will	will	AUX
cblr-10941	263	7	decide	decide	VERB
cblr-10941	263	8	to	to	PART
cblr-10941	263	9	fund	fund	VERB
cblr-10941	263	10	s	s	PART
cblr-10941	263	11	instead	instead	ADV
cblr-10941	263	12	,	,	PUNCT
cblr-10941	263	13	even	even	ADV
cblr-10941	263	14	though	though	SCONJ
cblr-10941	263	15	she	she	PRON
cblr-10941	263	16	believes	believe	VERB
cblr-10941	263	17	s	s	PRON
cblr-10941	263	18	has	have	VERB
cblr-10941	263	19	a	a	DET
cblr-10941	263	20	lower	low	ADJ
cblr-10941	263	21	expected	expect	VERB
cblr-10941	263	22	return	return	NOUN
cblr-10941	263	23	.	.	PUNCT
cblr-10941	264	1	in	in	ADP
cblr-10941	264	2	this	this	DET
cblr-10941	264	3	hypothetical	hypothetical	ADJ
cblr-10941	264	4	,	,	PUNCT
cblr-10941	264	5	the	the	DET
cblr-10941	264	6	manager	manager	NOUN
cblr-10941	264	7	’s	’s	PART
cblr-10941	264	8	anticipation	anticipation	NOUN
cblr-10941	264	9	of	of	ADP
cblr-10941	264	10	the	the	DET
cblr-10941	264	11	monitoring	monitoring	NOUN
cblr-10941	264	12	problem	problem	NOUN
cblr-10941	264	13	—	—	PUNCT
cblr-10941	264	14	her	her	PRON
cblr-10941	264	15	concern	concern	NOUN
cblr-10941	264	16	that	that	SCONJ
cblr-10941	264	17	her	her	PRON
cblr-10941	264	18	investors	investor	NOUN
cblr-10941	264	19	will	will	AUX
cblr-10941	264	20	view	view	VERB
cblr-10941	264	21	her	she	PRON
cblr-10941	264	22	as	as	ADP
cblr-10941	264	23	an	an	DET
cblr-10941	264	24	unreliable	unreliable	ADJ
cblr-10941	264	25	agent	agent	NOUN
cblr-10941	264	26	—	—	PUNCT
cblr-10941	264	27	has	have	AUX
cblr-10941	264	28	led	lead	VERB
cblr-10941	264	29	her	she	PRON
cblr-10941	264	30	to	to	PART
cblr-10941	264	31	make	make	VERB
cblr-10941	264	32	a	a	DET
cblr-10941	264	33	decision	decision	NOUN
cblr-10941	264	34	against	against	ADP
cblr-10941	264	35	what	what	PRON
cblr-10941	264	36	she	she	PRON
cblr-10941	264	37	believes	believe	VERB
cblr-10941	264	38	to	to	PART
cblr-10941	264	39	be	be	AUX
cblr-10941	264	40	the	the	DET
cblr-10941	264	41	company	company	NOUN
cblr-10941	264	42	’s	’s	PART
cblr-10941	264	43	long	long	ADJ
cblr-10941	264	44	-	-	PUNCT
cblr-10941	264	45	term	term	NOUN
cblr-10941	264	46	interests	interest	NOUN
cblr-10941	264	47	.	.	PUNCT
cblr-10941	265	1	in	in	ADP
cblr-10941	265	2	a	a	DET
cblr-10941	265	3	public	public	ADJ
cblr-10941	265	4	corporation	corporation	NOUN
cblr-10941	265	5	,	,	PUNCT
cblr-10941	265	6	the	the	DET
cblr-10941	265	7	shareholders	shareholder	NOUN
cblr-10941	265	8	are	be	AUX
cblr-10941	265	9	the	the	DET
cblr-10941	265	10	investor	investor	NOUN
cblr-10941	265	11	principal	principal	NOUN
cblr-10941	265	12	,	,	PUNCT
cblr-10941	265	13	and	and	CCONJ
cblr-10941	265	14	the	the	DET
cblr-10941	265	15	corporation	corporation	NOUN
cblr-10941	265	16	’s	’s	PART
cblr-10941	265	17	board	board	NOUN
cblr-10941	265	18	of	of	ADP
cblr-10941	265	19	directors	director	NOUN
cblr-10941	265	20	and	and	CCONJ
cblr-10941	265	21	executives	executive	NOUN
cblr-10941	265	22	are	be	AUX
cblr-10941	265	23	the	the	DET
cblr-10941	265	24	manager	manager	NOUN
cblr-10941	265	25	agent	agent	NOUN
cblr-10941	265	26	.	.	PUNCT
cblr-10941	266	1	the	the	DET
cblr-10941	266	2	interim	interim	ADJ
cblr-10941	266	3	review	review	NOUN
cblr-10941	266	4	—	—	PUNCT
cblr-10941	266	5	the	the	DET
cblr-10941	266	6	shareholders	shareholder	NOUN
cblr-10941	266	7	’	'	PUNCT
cblr-10941	266	8	monitoring	monitor	VERB
cblr-10941	266	9	device	device	NOUN
cblr-10941	266	10	—	—	PUNCT
cblr-10941	266	11	is	be	AUX
cblr-10941	266	12	the	the	DET
cblr-10941	266	13	quarterly	quarterly	ADJ
cblr-10941	266	14	earnings	earning	NOUN
cblr-10941	266	15	report	report	NOUN
cblr-10941	266	16	.	.	PUNCT
cblr-10941	267	1	corporate	corporate	ADJ
cblr-10941	267	2	managers	manager	NOUN
cblr-10941	267	3	will	will	AUX
cblr-10941	267	4	only	only	ADV
cblr-10941	267	5	fund	fund	VERB
cblr-10941	267	6	a	a	DET
cblr-10941	267	7	project	project	NOUN
cblr-10941	267	8	if	if	SCONJ
cblr-10941	267	9	they	they	PRON
cblr-10941	267	10	predict	predict	VERB
cblr-10941	267	11	they	they	PRON
cblr-10941	267	12	will	will	AUX
cblr-10941	267	13	be	be	AUX
cblr-10941	267	14	able	able	ADJ
cblr-10941	267	15	to	to	PART
cblr-10941	267	16	persuade	persuade	VERB
cblr-10941	267	17	shareholders	shareholder	NOUN
cblr-10941	267	18	of	of	ADP
cblr-10941	267	19	the	the	DET
cblr-10941	267	20	project	project	NOUN
cblr-10941	267	21	’s	’s	PART
cblr-10941	267	22	expected	expect	VERB
cblr-10941	267	23	profitability	profitability	NOUN
cblr-10941	267	24	throughout	throughout	ADP
cblr-10941	267	25	its	its	PRON
cblr-10941	267	26	duration	duration	NOUN
cblr-10941	267	27	.	.	PUNCT
cblr-10941	268	1	otherwise	otherwise	ADV
cblr-10941	268	2	,	,	PUNCT
cblr-10941	268	3	the	the	DET
cblr-10941	268	4	shareholders	shareholder	NOUN
cblr-10941	268	5	might	might	AUX
cblr-10941	268	6	decide	decide	VERB
cblr-10941	268	7	the	the	DET
cblr-10941	268	8	managers	manager	NOUN
cblr-10941	268	9	are	be	AUX
cblr-10941	268	10	unreliable	unreliable	ADJ
cblr-10941	268	11	agents	agent	NOUN
cblr-10941	268	12	and	and	CCONJ
cblr-10941	268	13	replace	replace	VERB
cblr-10941	268	14	them	they	PRON
cblr-10941	268	15	.	.	PUNCT
cblr-10941	269	1	a	a	DET
cblr-10941	269	2	manager	manager	NOUN
cblr-10941	269	3	’s	’s	PART
cblr-10941	269	4	ability	ability	NOUN
cblr-10941	269	5	to	to	PART
cblr-10941	269	6	persuade	persuade	VERB
cblr-10941	269	7	depends	depend	VERB
cblr-10941	269	8	on	on	ADP
cblr-10941	269	9	three	three	NUM
cblr-10941	269	10	related	related	ADJ
cblr-10941	269	11	factors	factor	NOUN
cblr-10941	269	12	:	:	PUNCT
cblr-10941	269	13	(	(	PUNCT
cblr-10941	269	14	1	1	X
cblr-10941	269	15	)	)	PUNCT
cblr-10941	269	16	the	the	DET
cblr-10941	269	17	availability	availability	NOUN
cblr-10941	269	18	of	of	ADP
cblr-10941	269	19	information	information	NOUN
cblr-10941	269	20	about	about	ADP
cblr-10941	269	21	l	l	PROPN
cblr-10941	269	22	’s	’s	PART
cblr-10941	269	23	prospects	prospect	NOUN
cblr-10941	269	24	,	,	PUNCT
cblr-10941	269	25	(	(	PUNCT
cblr-10941	269	26	2	2	X
cblr-10941	269	27	)	)	PUNCT
cblr-10941	269	28	the	the	DET
cblr-10941	269	29	costs	cost	NOUN
cblr-10941	269	30	of	of	ADP
cblr-10941	269	31	sharing	share	VERB
cblr-10941	269	32	that	that	DET
cblr-10941	269	33	information	information	NOUN
cblr-10941	269	34	,	,	PUNCT
cblr-10941	269	35	and	and	CCONJ
cblr-10941	269	36	(	(	PUNCT
cblr-10941	269	37	3	3	X
cblr-10941	269	38	)	)	PUNCT
cblr-10941	269	39	the	the	DET
cblr-10941	269	40	sophistication	sophistication	NOUN
cblr-10941	269	41	of	of	ADP
cblr-10941	269	42	the	the	DET
cblr-10941	269	43	investor	investor	NOUN
cblr-10941	269	44	.	.	PUNCT
cblr-10941	270	1	the	the	DET
cblr-10941	270	2	availability	availability	NOUN
cblr-10941	270	3	of	of	ADP
cblr-10941	270	4	information	information	NOUN
cblr-10941	270	5	about	about	ADP
cblr-10941	270	6	an	an	DET
cblr-10941	270	7	innovation	innovation	NOUN
cblr-10941	270	8	project	project	NOUN
cblr-10941	270	9	varies	vary	VERB
cblr-10941	270	10	by	by	ADP
cblr-10941	270	11	technology	technology	NOUN
cblr-10941	270	12	and	and	CCONJ
cblr-10941	270	13	market	market	NOUN
cblr-10941	270	14	.	.	PUNCT
cblr-10941	271	1	a	a	DET
cblr-10941	271	2	project	project	NOUN
cblr-10941	271	3	need	need	AUX
cblr-10941	271	4	not	not	PART
cblr-10941	271	5	be	be	AUX
cblr-10941	271	6	profitable	profitable	ADJ
cblr-10941	271	7	at	at	ADP
cblr-10941	271	8	the	the	DET
cblr-10941	271	9	time	time	NOUN
cblr-10941	271	10	of	of	ADP
cblr-10941	271	11	the	the	DET
cblr-10941	271	12	interim	interim	ADJ
cblr-10941	271	13	review	review	NOUN
cblr-10941	271	14	to	to	PART
cblr-10941	271	15	justify	justify	VERB
cblr-10941	271	16	74	74	NUM
cblr-10941	271	17	bengt	bengt	NOUN
cblr-10941	271	18	holmstrom	holmstrom	PROPN
cblr-10941	271	19	makes	make	VERB
cblr-10941	271	20	a	a	DET
cblr-10941	271	21	similar	similar	ADJ
cblr-10941	271	22	point	point	NOUN
cblr-10941	271	23	in	in	ADP
cblr-10941	271	24	his	his	PRON
cblr-10941	271	25	analysis	analysis	NOUN
cblr-10941	271	26	of	of	ADP
cblr-10941	271	27	the	the	DET
cblr-10941	271	28	motivation	motivation	NOUN
cblr-10941	271	29	problem	problem	NOUN
cblr-10941	271	30	.	.	PUNCT
cblr-10941	272	1	he	he	PRON
cblr-10941	272	2	explains	explain	VERB
cblr-10941	272	3	that	that	SCONJ
cblr-10941	272	4	,	,	PUNCT
cblr-10941	272	5	when	when	SCONJ
cblr-10941	272	6	there	there	PRON
cblr-10941	272	7	is	be	VERB
cblr-10941	272	8	an	an	DET
cblr-10941	272	9	information	information	NOUN
cblr-10941	272	10	asymmetry	asymmetry	NOUN
cblr-10941	272	11	and	and	CCONJ
cblr-10941	272	12	a	a	DET
cblr-10941	272	13	potential	potential	ADJ
cblr-10941	272	14	misalignment	misalignment	NOUN
cblr-10941	272	15	of	of	ADP
cblr-10941	272	16	interests	interest	NOUN
cblr-10941	272	17	between	between	ADP
cblr-10941	272	18	the	the	DET
cblr-10941	272	19	principal	principal	NOUN
cblr-10941	272	20	and	and	CCONJ
cblr-10941	272	21	the	the	DET
cblr-10941	272	22	agent	agent	NOUN
cblr-10941	272	23	,	,	PUNCT
cblr-10941	272	24	the	the	DET
cblr-10941	272	25	principal	principal	NOUN
cblr-10941	272	26	can	can	AUX
cblr-10941	272	27	not	not	PART
cblr-10941	272	28	trust	trust	VERB
cblr-10941	272	29	the	the	DET
cblr-10941	272	30	agent	agent	NOUN
cblr-10941	272	31	’s	’s	PART
cblr-10941	272	32	opinion	opinion	NOUN
cblr-10941	272	33	about	about	ADP
cblr-10941	272	34	whether	whether	SCONJ
cblr-10941	272	35	to	to	PART
cblr-10941	272	36	continue	continue	VERB
cblr-10941	272	37	an	an	DET
cblr-10941	272	38	innovation	innovation	NOUN
cblr-10941	272	39	project	project	NOUN
cblr-10941	272	40	.	.	PUNCT
cblr-10941	273	1	see	see	VERB
cblr-10941	273	2	bengt	bengt	PROPN
cblr-10941	273	3	holmstrom	holmstrom	PROPN
cblr-10941	273	4	,	,	PUNCT
cblr-10941	273	5	agency	agency	NOUN
cblr-10941	273	6	costs	cost	NOUN
cblr-10941	273	7	and	and	CCONJ
cblr-10941	273	8	innovation	innovation	NOUN
cblr-10941	273	9	,	,	PUNCT
cblr-10941	273	10	12	12	NUM
cblr-10941	273	11	j.	j.	PROPN
cblr-10941	273	12	econ	econ	PROPN
cblr-10941	273	13	.	.	PUNCT
cblr-10941	273	14	behav	behav	PROPN
cblr-10941	273	15	.	.	PUNCT
cblr-10941	273	16	&	&	CCONJ
cblr-10941	273	17	org	org	PROPN
cblr-10941	273	18	.	.	PUNCT
cblr-10941	274	1	305	305	NUM
cblr-10941	274	2	,	,	PUNCT
cblr-10941	274	3	318–19	318–19	NUM
cblr-10941	274	4	(	(	PUNCT
cblr-10941	274	5	1989	1989	NUM
cblr-10941	274	6	)	)	PUNCT
cblr-10941	274	7	.	.	PUNCT
cblr-10941	275	1	876	876	NUM
cblr-10941	275	2	columbia	columbia	PROPN
cblr-10941	275	3	business	business	NOUN
cblr-10941	275	4	law	law	PROPN
cblr-10941	275	5	review	review	NOUN
cblr-10941	275	6	[	[	X
cblr-10941	275	7	vol	vol	NOUN
cblr-10941	275	8	.	.	PUNCT
cblr-10941	275	9	2022	2022	NUM
cblr-10941	275	10	investment	investment	NOUN
cblr-10941	275	11	at	at	ADP
cblr-10941	275	12	the	the	DET
cblr-10941	275	13	allocation	allocation	NOUN
cblr-10941	275	14	.	.	PUNCT
cblr-10941	276	1	market	market	NOUN
cblr-10941	276	2	prices	price	NOUN
cblr-10941	276	3	reflect	reflect	VERB
cblr-10941	276	4	expected	expect	VERB
cblr-10941	276	5	profits.75	profits.75	PROPN
cblr-10941	276	6	the	the	DET
cblr-10941	276	7	question	question	NOUN
cblr-10941	276	8	is	be	AUX
cblr-10941	276	9	whether	whether	SCONJ
cblr-10941	276	10	the	the	DET
cblr-10941	276	11	project	project	NOUN
cblr-10941	276	12	will	will	AUX
cblr-10941	276	13	generate	generate	VERB
cblr-10941	276	14	feedback	feedback	NOUN
cblr-10941	276	15	by	by	ADP
cblr-10941	276	16	the	the	DET
cblr-10941	276	17	interim	interim	ADJ
cblr-10941	276	18	review	review	NOUN
cblr-10941	276	19	that	that	PRON
cblr-10941	276	20	is	be	AUX
cblr-10941	276	21	a	a	DET
cblr-10941	276	22	reliable	reliable	ADJ
cblr-10941	276	23	proxy	proxy	NOUN
cblr-10941	276	24	for	for	ADP
cblr-10941	276	25	profits	profit	NOUN
cblr-10941	276	26	.	.	PUNCT
cblr-10941	277	1	this	this	DET
cblr-10941	277	2	feedback	feedback	NOUN
cblr-10941	277	3	can	can	AUX
cblr-10941	277	4	take	take	VERB
cblr-10941	277	5	many	many	ADJ
cblr-10941	277	6	forms	form	NOUN
cblr-10941	277	7	.	.	PUNCT
cblr-10941	278	1	tesla	tesla	PROPN
cblr-10941	278	2	was	be	AUX
cblr-10941	278	3	unprofitable	unprofitable	ADJ
cblr-10941	278	4	for	for	ADP
cblr-10941	278	5	its	its	PRON
cblr-10941	278	6	first	first	ADJ
cblr-10941	278	7	seventeen	seventeen	NUM
cblr-10941	278	8	years,76	years,76	NOUN
cblr-10941	278	9	but	but	CCONJ
cblr-10941	278	10	consumer	consumer	NOUN
cblr-10941	278	11	demand	demand	NOUN
cblr-10941	278	12	for	for	ADP
cblr-10941	278	13	its	its	PRON
cblr-10941	278	14	early	early	ADJ
cblr-10941	278	15	models	model	NOUN
cblr-10941	278	16	may	may	AUX
cblr-10941	278	17	have	have	AUX
cblr-10941	278	18	convinced	convince	VERB
cblr-10941	278	19	investors	investor	NOUN
cblr-10941	278	20	that	that	SCONJ
cblr-10941	278	21	subsequent	subsequent	ADJ
cblr-10941	278	22	models	model	NOUN
cblr-10941	278	23	might	might	AUX
cblr-10941	278	24	be	be	AUX
cblr-10941	278	25	profitable	profitable	ADJ
cblr-10941	278	26	.	.	PUNCT
cblr-10941	279	1	instagram	instagram	PROPN
cblr-10941	279	2	had	have	VERB
cblr-10941	279	3	no	no	DET
cblr-10941	279	4	revenue	revenue	NOUN
cblr-10941	279	5	when	when	SCONJ
cblr-10941	279	6	facebook	facebook	PROPN
cblr-10941	279	7	acquired	acquire	VERB
cblr-10941	279	8	it	it	PRON
cblr-10941	279	9	for	for	ADP
cblr-10941	279	10	$	$	SYM
cblr-10941	279	11	1	1	NUM
cblr-10941	279	12	billion.77	billion.77	NOUN
cblr-10941	279	13	facebook	facebook	NOUN
cblr-10941	279	14	bought	buy	VERB
cblr-10941	279	15	it	it	PRON
cblr-10941	279	16	because	because	SCONJ
cblr-10941	279	17	mark	mark	PROPN
cblr-10941	279	18	zuckerberg	zuckerberg	PROPN
cblr-10941	279	19	saw	see	VERB
cblr-10941	279	20	how	how	SCONJ
cblr-10941	279	21	quickly	quickly	ADV
cblr-10941	279	22	it	it	PRON
cblr-10941	279	23	was	be	AUX
cblr-10941	279	24	gaining	gain	VERB
cblr-10941	279	25	users.78	users.78	PROPN
cblr-10941	279	26	some	some	DET
cblr-10941	279	27	biotech	biotech	ADJ
cblr-10941	279	28	companies	company	NOUN
cblr-10941	279	29	go	go	VERB
cblr-10941	279	30	public	public	ADJ
cblr-10941	279	31	before	before	SCONJ
cblr-10941	279	32	the	the	DET
cblr-10941	279	33	food	food	NOUN
cblr-10941	279	34	and	and	CCONJ
cblr-10941	279	35	drug	drug	PROPN
cblr-10941	279	36	administration	administration	PROPN
cblr-10941	279	37	(	(	PUNCT
cblr-10941	279	38	fda	fda	PROPN
cblr-10941	279	39	)	)	PUNCT
cblr-10941	279	40	approves	approve	VERB
cblr-10941	279	41	their	their	PRON
cblr-10941	279	42	first	first	ADJ
cblr-10941	279	43	drug.79	drug.79	ADJ
cblr-10941	279	44	investors	investor	NOUN
cblr-10941	279	45	in	in	ADP
cblr-10941	279	46	public	public	ADJ
cblr-10941	279	47	capital	capital	NOUN
cblr-10941	279	48	markets	market	NOUN
cblr-10941	279	49	are	be	AUX
cblr-10941	279	50	willing	willing	ADJ
cblr-10941	279	51	to	to	PART
cblr-10941	279	52	bet	bet	VERB
cblr-10941	279	53	on	on	ADP
cblr-10941	279	54	promising	promise	VERB
cblr-10941	279	55	data	datum	NOUN
cblr-10941	279	56	from	from	ADP
cblr-10941	279	57	a	a	DET
cblr-10941	279	58	clinical	clinical	ADJ
cblr-10941	279	59	trial	trial	NOUN
cblr-10941	279	60	or	or	CCONJ
cblr-10941	279	61	even	even	ADV
cblr-10941	279	62	preclinical	preclinical	ADJ
cblr-10941	279	63	studies.80	studies.80	NOUN
cblr-10941	279	64	in	in	ADP
cblr-10941	279	65	each	each	PRON
cblr-10941	279	66	of	of	ADP
cblr-10941	279	67	these	these	DET
cblr-10941	279	68	cases	case	NOUN
cblr-10941	279	69	,	,	PUNCT
cblr-10941	279	70	the	the	DET
cblr-10941	279	71	proxy	proxy	NOUN
cblr-10941	279	72	reduces	reduce	VERB
cblr-10941	279	73	uncertainty	uncertainty	NOUN
cblr-10941	279	74	about	about	ADP
cblr-10941	279	75	the	the	DET
cblr-10941	279	76	project	project	NOUN
cblr-10941	279	77	’s	’s	PART
cblr-10941	279	78	future	future	ADJ
cblr-10941	279	79	profitability	profitability	NOUN
cblr-10941	279	80	enough	enough	ADV
cblr-10941	279	81	to	to	PART
cblr-10941	279	82	enable	enable	VERB
cblr-10941	279	83	investment	investment	NOUN
cblr-10941	279	84	.	.	PUNCT
cblr-10941	280	1	some	some	DET
cblr-10941	280	2	kinds	kind	NOUN
cblr-10941	280	3	of	of	ADP
cblr-10941	280	4	information	information	NOUN
cblr-10941	280	5	that	that	PRON
cblr-10941	280	6	would	would	AUX
cblr-10941	280	7	give	give	VERB
cblr-10941	280	8	a	a	DET
cblr-10941	280	9	rational	rational	ADJ
cblr-10941	280	10	manager	manager	NOUN
cblr-10941	280	11	confidence	confidence	NOUN
cblr-10941	280	12	in	in	ADP
cblr-10941	280	13	l	l	PROPN
cblr-10941	280	14	’s	’s	PART
cblr-10941	280	15	progress	progress	NOUN
cblr-10941	280	16	ca	can	AUX
cblr-10941	280	17	n’t	not	PART
cblr-10941	280	18	be	be	AUX
cblr-10941	280	19	effectively	effectively	ADV
cblr-10941	280	20	communicated	communicate	VERB
cblr-10941	280	21	.	.	PUNCT
cblr-10941	281	1	she	she	PRON
cblr-10941	281	2	could	could	AUX
cblr-10941	281	3	see	see	VERB
cblr-10941	281	4	qualitative	qualitative	ADJ
cblr-10941	281	5	evidence	evidence	NOUN
cblr-10941	281	6	of	of	ADP
cblr-10941	281	7	l	l	NOUN
cblr-10941	281	8	’s	’s	PART
cblr-10941	281	9	75	75	NUM
cblr-10941	281	10	this	this	DET
cblr-10941	281	11	analysis	analysis	NOUN
cblr-10941	281	12	is	be	AUX
cblr-10941	281	13	consistent	consistent	ADJ
cblr-10941	281	14	with	with	ADP
cblr-10941	281	15	the	the	DET
cblr-10941	281	16	semi	semi	ADJ
cblr-10941	281	17	-	-	ADJ
cblr-10941	281	18	strong	strong	ADJ
cblr-10941	281	19	form	form	NOUN
cblr-10941	281	20	of	of	ADP
cblr-10941	281	21	the	the	DET
cblr-10941	281	22	efficient	efficient	ADJ
cblr-10941	281	23	capital	capital	NOUN
cblr-10941	281	24	markets	market	NOUN
cblr-10941	281	25	hypothesis	hypothesis	NOUN
cblr-10941	281	26	.	.	PUNCT
cblr-10941	282	1	it	it	PRON
cblr-10941	282	2	assumes	assume	VERB
cblr-10941	282	3	only	only	ADV
cblr-10941	282	4	that	that	SCONJ
cblr-10941	282	5	some	some	DET
cblr-10941	282	6	privately	privately	ADV
cblr-10941	282	7	-	-	PUNCT
cblr-10941	282	8	held	hold	VERB
cblr-10941	282	9	information	information	NOUN
cblr-10941	282	10	about	about	ADP
cblr-10941	282	11	expected	expect	VERB
cblr-10941	282	12	profits	profit	NOUN
cblr-10941	282	13	is	be	AUX
cblr-10941	282	14	not	not	PART
cblr-10941	282	15	incorporated	incorporate	VERB
cblr-10941	282	16	into	into	ADP
cblr-10941	282	17	stock	stock	NOUN
cblr-10941	282	18	prices	price	NOUN
cblr-10941	282	19	.	.	PUNCT
cblr-10941	283	1	see	see	VERB
cblr-10941	283	2	ronald	ronald	PROPN
cblr-10941	283	3	j.	j.	PROPN
cblr-10941	283	4	gilson	gilson	PROPN
cblr-10941	283	5	&	&	CCONJ
cblr-10941	283	6	reinier	reinier	PROPN
cblr-10941	283	7	h.	h.	PROPN
cblr-10941	283	8	kraakman	kraakman	PROPN
cblr-10941	283	9	,	,	PUNCT
cblr-10941	283	10	the	the	DET
cblr-10941	283	11	mechanisms	mechanism	NOUN
cblr-10941	283	12	of	of	ADP
cblr-10941	283	13	market	market	NOUN
cblr-10941	283	14	efficiency	efficiency	NOUN
cblr-10941	283	15	,	,	PUNCT
cblr-10941	283	16	70	70	NUM
cblr-10941	283	17	va	va	NOUN
cblr-10941	283	18	.	.	PUNCT
cblr-10941	284	1	l.	l.	PROPN
cblr-10941	284	2	rev	rev	PROPN
cblr-10941	284	3	.	.	PROPN
cblr-10941	284	4	549	549	NUM
cblr-10941	284	5	,	,	PUNCT
cblr-10941	284	6	554–65	554–65	NUM
cblr-10941	284	7	(	(	PUNCT
cblr-10941	284	8	1984	1984	NUM
cblr-10941	284	9	)	)	PUNCT
cblr-10941	284	10	(	(	PUNCT
cblr-10941	284	11	explaining	explain	VERB
cblr-10941	284	12	the	the	DET
cblr-10941	284	13	efficient	efficient	ADJ
cblr-10941	284	14	capital	capital	NOUN
cblr-10941	284	15	markets	market	NOUN
cblr-10941	284	16	hypothesis	hypothesis	NOUN
cblr-10941	284	17	)	)	PUNCT
cblr-10941	284	18	.	.	PUNCT
cblr-10941	285	1	76	76	NUM
cblr-10941	285	2	neal	neal	PROPN
cblr-10941	285	3	e.	e.	PROPN
cblr-10941	285	4	boudette	boudette	PROPN
cblr-10941	285	5	,	,	PUNCT
cblr-10941	285	6	tesla	tesla	PROPN
cblr-10941	285	7	has	have	VERB
cblr-10941	285	8	first	first	ADJ
cblr-10941	285	9	profitable	profitable	ADJ
cblr-10941	285	10	year	year	NOUN
cblr-10941	285	11	,	,	PUNCT
cblr-10941	285	12	but	but	CCONJ
cblr-10941	285	13	competition	competition	NOUN
cblr-10941	285	14	is	be	AUX
cblr-10941	285	15	growing	grow	VERB
cblr-10941	285	16	,	,	PUNCT
cblr-10941	285	17	n.y	n.y	PROPN
cblr-10941	285	18	.	.	PROPN
cblr-10941	285	19	times	times	PROPN
cblr-10941	285	20	(	(	PUNCT
cblr-10941	285	21	jan	jan	PROPN
cblr-10941	285	22	.	.	PROPN
cblr-10941	285	23	27	27	NUM
cblr-10941	285	24	,	,	PUNCT
cblr-10941	285	25	2021	2021	NUM
cblr-10941	285	26	)	)	PUNCT
cblr-10941	285	27	,	,	PUNCT
cblr-10941	285	28	https://www.nytimes.com/2021/01/27/business/tesla-earnings.html	https://www.nytimes.com/2021/01/27/business/tesla-earnings.html	PROPN
cblr-10941	286	1	[	[	X
cblr-10941	286	2	https://perma.cc/f4uv-37	https://perma.cc/f4uv-37	NOUN
cblr-10941	286	3	yd	yd	NOUN
cblr-10941	286	4	]	]	PUNCT
cblr-10941	286	5	.	.	PUNCT
cblr-10941	287	1	77	77	NUM
cblr-10941	287	2	shayndi	shayndi	NOUN
cblr-10941	287	3	raice	raice	NOUN
cblr-10941	287	4	&	&	CCONJ
cblr-10941	287	5	spencer	spencer	PROPN
cblr-10941	287	6	e.	e.	PROPN
cblr-10941	287	7	ante	ante	PROPN
cblr-10941	287	8	,	,	PUNCT
cblr-10941	287	9	insta	insta	NOUN
cblr-10941	287	10	-	-	PUNCT
cblr-10941	287	11	rich	rich	ADJ
cblr-10941	287	12	:	:	PUNCT
cblr-10941	287	13	$	$	SYM
cblr-10941	287	14	1	1	NUM
cblr-10941	287	15	billion	billion	NUM
cblr-10941	287	16	for	for	ADP
cblr-10941	287	17	instagram	instagram	PROPN
cblr-10941	287	18	,	,	PUNCT
cblr-10941	287	19	wall	wall	PROPN
cblr-10941	287	20	st	st	PROPN
cblr-10941	287	21	.	.	PROPN
cblr-10941	287	22	j.	j.	PROPN
cblr-10941	287	23	(	(	PUNCT
cblr-10941	287	24	apr	apr	PROPN
cblr-10941	287	25	.	.	PROPN
cblr-10941	287	26	10	10	NUM
cblr-10941	287	27	,	,	PUNCT
cblr-10941	287	28	2012	2012	NUM
cblr-10941	287	29	,	,	PUNCT
cblr-10941	287	30	3:55	3:55	NUM
cblr-10941	287	31	am	am	NOUN
cblr-10941	287	32	)	)	PUNCT
cblr-10941	287	33	,	,	PUNCT
cblr-10941	287	34	https://www.wsj.com/articles/sb10001424052702303815404577333840377	https://www.wsj.com/articles/sb10001424052702303815404577333840377	NOUN
cblr-10941	287	35	381670	381670	NUM
cblr-10941	287	36	[	[	X
cblr-10941	287	37	https://perma.cc/m5q8-kzzr	https://perma.cc/m5q8-kzzr	X
cblr-10941	287	38	]	]	PUNCT
cblr-10941	287	39	.	.	PUNCT
cblr-10941	288	1	78	78	NUM
cblr-10941	288	2	see	see	VERB
cblr-10941	288	3	casey	casey	PROPN
cblr-10941	288	4	newton	newton	PROPN
cblr-10941	288	5	&	&	CCONJ
cblr-10941	288	6	nilay	nilay	PROPN
cblr-10941	288	7	patel	patel	PROPN
cblr-10941	288	8	,	,	PUNCT
cblr-10941	288	9	‘	'	PUNCT
cblr-10941	288	10	instagram	instagram	PROPN
cblr-10941	288	11	can	can	AUX
cblr-10941	288	12	hurt	hurt	VERB
cblr-10941	288	13	us	we	PRON
cblr-10941	288	14	’	'	PUNCT
cblr-10941	288	15	:	:	PUNCT
cblr-10941	288	16	mark	mark	PROPN
cblr-10941	288	17	zuckerberg	zuckerberg	PROPN
cblr-10941	288	18	emails	email	NOUN
cblr-10941	288	19	outline	outline	NOUN
cblr-10941	288	20	plan	plan	NOUN
cblr-10941	288	21	to	to	PART
cblr-10941	288	22	neutralize	neutralize	VERB
cblr-10941	288	23	competitors	competitor	NOUN
cblr-10941	288	24	,	,	PUNCT
cblr-10941	288	25	verge	verge	NOUN
cblr-10941	288	26	(	(	PUNCT
cblr-10941	288	27	july	july	PROPN
cblr-10941	288	28	29	29	NUM
cblr-10941	288	29	,	,	PUNCT
cblr-10941	288	30	2020	2020	NUM
cblr-10941	288	31	,	,	PUNCT
cblr-10941	288	32	2:07	2:07	NUM
cblr-10941	288	33	pm	pm	NOUN
cblr-10941	288	34	)	)	PUNCT
cblr-10941	288	35	,	,	PUNCT
cblr-10941	288	36	https://www.theverge.com/2020/7/29/21345723/facebookinstagram-documents-emails-mark-zuckerberg-kevin-systrom-hearing	https://www.theverge.com/2020/7/29/21345723/facebookinstagram-documents-emails-mark-zuckerberg-kevin-systrom-heare	VERB
cblr-10941	288	37	[	[	X
cblr-10941	288	38	https://perma.cc/wpy6-gkkw	https://perma.cc/wpy6-gkkw	X
cblr-10941	288	39	]	]	PUNCT
cblr-10941	288	40	.	.	PUNCT
cblr-10941	289	1	79	79	NUM
cblr-10941	289	2	tess	tess	PROPN
cblr-10941	289	3	cameron	cameron	PROPN
cblr-10941	289	4	&	&	CCONJ
cblr-10941	289	5	chris	chris	PROPN
cblr-10941	289	6	morrison	morrison	PROPN
cblr-10941	289	7	,	,	PUNCT
cblr-10941	289	8	2020	2020	NUM
cblr-10941	289	9	biotech	biotech	PROPN
cblr-10941	289	10	ipos	ipos	NOUN
cblr-10941	289	11	shatter	shatter	VERB
cblr-10941	289	12	all	all	DET
cblr-10941	289	13	the	the	DET
cblr-10941	289	14	records	record	NOUN
cblr-10941	289	15	,	,	PUNCT
cblr-10941	289	16	20	20	NUM
cblr-10941	289	17	nature	nature	NOUN
cblr-10941	289	18	rev	rev	VERB
cblr-10941	289	19	.	.	PROPN
cblr-10941	289	20	drug	drug	NOUN
cblr-10941	289	21	discovery	discovery	PROPN
cblr-10941	289	22	93	93	NUM
cblr-10941	289	23	,	,	PUNCT
cblr-10941	289	24	94	94	NUM
cblr-10941	289	25	(	(	PUNCT
cblr-10941	289	26	2021	2021	NUM
cblr-10941	289	27	)	)	PUNCT
cblr-10941	289	28	.	.	PUNCT
cblr-10941	290	1	80	80	NUM
cblr-10941	290	2	see	see	VERB
cblr-10941	290	3	i	i	PRON
cblr-10941	290	4	d.	d.	PROPN
cblr-10941	290	5	no	no	INTJ
cblr-10941	290	6	.	.	PUNCT
cblr-10941	291	1	2:859	2:859	NUM
cblr-10941	291	2	]	]	PUNCT
cblr-10941	291	3	moonshots	moonshot	NOUN
cblr-10941	291	4	877	877	NUM
cblr-10941	291	5	progress	progress	NOUN
cblr-10941	291	6	that	that	PRON
cblr-10941	291	7	ca	can	AUX
cblr-10941	291	8	n’t	not	PART
cblr-10941	291	9	be	be	AUX
cblr-10941	291	10	easily	easily	ADV
cblr-10941	291	11	reduced	reduce	VERB
cblr-10941	291	12	to	to	ADP
cblr-10941	291	13	a	a	DET
cblr-10941	291	14	quantitative	quantitative	ADJ
cblr-10941	291	15	metric	metric	NOUN
cblr-10941	291	16	.	.	PUNCT
cblr-10941	292	1	or	or	CCONJ
cblr-10941	292	2	she	she	PRON
cblr-10941	292	3	could	could	AUX
cblr-10941	292	4	see	see	VERB
cblr-10941	292	5	progress	progress	NOUN
cblr-10941	292	6	on	on	ADP
cblr-10941	292	7	an	an	DET
cblr-10941	292	8	internal	internal	ADJ
cblr-10941	292	9	quantitative	quantitative	ADJ
cblr-10941	292	10	metric	metric	NOUN
cblr-10941	292	11	that	that	SCONJ
cblr-10941	292	12	outside	outside	ADJ
cblr-10941	292	13	experts	expert	NOUN
cblr-10941	292	14	have	have	AUX
cblr-10941	292	15	n’t	not	PART
cblr-10941	292	16	validated	validate	VERB
cblr-10941	292	17	.	.	PUNCT
cblr-10941	293	1	the	the	DET
cblr-10941	293	2	manager	manager	NOUN
cblr-10941	293	3	’s	’s	PART
cblr-10941	293	4	confidence	confidence	NOUN
cblr-10941	293	5	could	could	AUX
cblr-10941	293	6	be	be	AUX
cblr-10941	293	7	based	base	VERB
cblr-10941	293	8	on	on	ADP
cblr-10941	293	9	tacit	tacit	ADJ
cblr-10941	293	10	knowledge	knowledge	NOUN
cblr-10941	293	11	,	,	PUNCT
cblr-10941	293	12	absorbed	absorb	VERB
cblr-10941	293	13	through	through	ADP
cblr-10941	293	14	her	her	PRON
cblr-10941	293	15	daily	daily	ADJ
cblr-10941	293	16	interactions	interaction	NOUN
cblr-10941	293	17	with	with	ADP
cblr-10941	293	18	the	the	DET
cblr-10941	293	19	employees	employee	NOUN
cblr-10941	293	20	working	work	VERB
cblr-10941	293	21	on	on	ADP
cblr-10941	293	22	the	the	DET
cblr-10941	293	23	project	project	NOUN
cblr-10941	293	24	.	.	PUNCT
cblr-10941	294	1	she	she	PRON
cblr-10941	294	2	could	could	AUX
cblr-10941	294	3	be	be	AUX
cblr-10941	294	4	relying	rely	VERB
cblr-10941	294	5	on	on	ADP
cblr-10941	294	6	the	the	DET
cblr-10941	294	7	opinion	opinion	NOUN
cblr-10941	294	8	of	of	ADP
cblr-10941	294	9	employees	employee	NOUN
cblr-10941	294	10	whom	whom	PRON
cblr-10941	294	11	she	she	PRON
cblr-10941	294	12	believes	believe	VERB
cblr-10941	294	13	to	to	PART
cblr-10941	294	14	be	be	AUX
cblr-10941	294	15	credible	credible	ADJ
cblr-10941	294	16	,	,	PUNCT
cblr-10941	294	17	but	but	CCONJ
cblr-10941	294	18	whose	whose	DET
cblr-10941	294	19	opinion	opinion	NOUN
cblr-10941	294	20	would	would	AUX
cblr-10941	294	21	n’t	not	PART
cblr-10941	294	22	carry	carry	VERB
cblr-10941	294	23	as	as	ADV
cblr-10941	294	24	much	much	ADJ
cblr-10941	294	25	weight	weight	NOUN
cblr-10941	294	26	with	with	ADP
cblr-10941	294	27	outsiders	outsider	NOUN
cblr-10941	294	28	.	.	PUNCT
cblr-10941	295	1	not	not	PART
cblr-10941	295	2	all	all	DET
cblr-10941	295	3	projects	project	NOUN
cblr-10941	295	4	progress	progress	VERB
cblr-10941	295	5	linearly	linearly	ADV
cblr-10941	295	6	.	.	PUNCT
cblr-10941	296	1	the	the	DET
cblr-10941	296	2	manager	manager	NOUN
cblr-10941	296	3	’s	’s	PART
cblr-10941	296	4	team	team	NOUN
cblr-10941	296	5	may	may	AUX
cblr-10941	296	6	have	have	AUX
cblr-10941	296	7	run	run	VERB
cblr-10941	296	8	down	down	ADP
cblr-10941	296	9	a	a	DET
cblr-10941	296	10	lot	lot	NOUN
cblr-10941	296	11	of	of	ADP
cblr-10941	296	12	dead	dead	ADJ
cblr-10941	296	13	ends	end	NOUN
cblr-10941	296	14	.	.	PUNCT
cblr-10941	297	1	the	the	DET
cblr-10941	297	2	knowledge	knowledge	NOUN
cblr-10941	297	3	they	they	PRON
cblr-10941	297	4	gained	gain	VERB
cblr-10941	297	5	from	from	ADP
cblr-10941	297	6	pursuing	pursue	VERB
cblr-10941	297	7	the	the	DET
cblr-10941	297	8	dead	dead	ADJ
cblr-10941	297	9	ends	end	NOUN
cblr-10941	297	10	may	may	AUX
cblr-10941	297	11	convince	convince	VERB
cblr-10941	297	12	them	they	PRON
cblr-10941	297	13	that	that	SCONJ
cblr-10941	297	14	one	one	NUM
cblr-10941	297	15	of	of	ADP
cblr-10941	297	16	the	the	DET
cblr-10941	297	17	remaining	remain	VERB
cblr-10941	297	18	paths	path	NOUN
cblr-10941	297	19	will	will	AUX
cblr-10941	297	20	pay	pay	VERB
cblr-10941	297	21	off	off	ADP
cblr-10941	297	22	.	.	PUNCT
cblr-10941	298	1	but	but	CCONJ
cblr-10941	298	2	investors	investor	NOUN
cblr-10941	298	3	may	may	AUX
cblr-10941	298	4	be	be	AUX
cblr-10941	298	5	unimpressed	unimpressed	ADJ
cblr-10941	298	6	with	with	ADP
cblr-10941	298	7	a	a	DET
cblr-10941	298	8	report	report	NOUN
cblr-10941	298	9	on	on	ADP
cblr-10941	298	10	insight	insight	NOUN
cblr-10941	298	11	-	-	PUNCT
cblr-10941	298	12	generating	generate	VERB
cblr-10941	298	13	failures	failure	NOUN
cblr-10941	298	14	.	.	PUNCT
cblr-10941	299	1	in	in	ADP
cblr-10941	299	2	other	other	ADJ
cblr-10941	299	3	circumstances	circumstance	NOUN
cblr-10941	299	4	,	,	PUNCT
cblr-10941	299	5	sharing	share	VERB
cblr-10941	299	6	feedback	feedback	NOUN
cblr-10941	299	7	about	about	ADP
cblr-10941	299	8	l	l	NOUN
cblr-10941	299	9	may	may	AUX
cblr-10941	299	10	be	be	AUX
cblr-10941	299	11	possible	possible	ADJ
cblr-10941	299	12	,	,	PUNCT
cblr-10941	299	13	but	but	CCONJ
cblr-10941	299	14	not	not	PART
cblr-10941	299	15	worth	worth	ADJ
cblr-10941	299	16	the	the	DET
cblr-10941	299	17	cost	cost	NOUN
cblr-10941	299	18	.	.	PUNCT
cblr-10941	300	1	the	the	DET
cblr-10941	300	2	manager	manager	NOUN
cblr-10941	300	3	might	might	AUX
cblr-10941	300	4	put	put	VERB
cblr-10941	300	5	herself	herself	PRON
cblr-10941	300	6	at	at	ADP
cblr-10941	300	7	a	a	DET
cblr-10941	300	8	competitive	competitive	ADJ
cblr-10941	300	9	disadvantage	disadvantage	NOUN
cblr-10941	300	10	if	if	SCONJ
cblr-10941	300	11	she	she	PRON
cblr-10941	300	12	discloses	disclose	VERB
cblr-10941	300	13	the	the	DET
cblr-10941	300	14	information	information	NOUN
cblr-10941	300	15	that	that	PRON
cblr-10941	300	16	gives	give	VERB
cblr-10941	300	17	her	her	PRON
cblr-10941	300	18	confidence	confidence	NOUN
cblr-10941	300	19	in	in	ADP
cblr-10941	300	20	a	a	DET
cblr-10941	300	21	project	project	NOUN
cblr-10941	300	22	.	.	PUNCT
cblr-10941	301	1	companies	company	NOUN
cblr-10941	301	2	sometimes	sometimes	ADV
cblr-10941	301	3	face	face	VERB
cblr-10941	301	4	a	a	DET
cblr-10941	301	5	“	"	PUNCT
cblr-10941	301	6	double	double	ADJ
cblr-10941	301	7	trust	trust	NOUN
cblr-10941	301	8	dilemma	dilemma	NOUN
cblr-10941	301	9	”	"	PUNCT
cblr-10941	301	10	:	:	PUNCT
cblr-10941	301	11	customers	customer	NOUN
cblr-10941	301	12	ca	can	AUX
cblr-10941	301	13	n’t	not	PART
cblr-10941	301	14	value	value	VERB
cblr-10941	301	15	an	an	DET
cblr-10941	301	16	innovation	innovation	NOUN
cblr-10941	301	17	until	until	SCONJ
cblr-10941	301	18	it	it	PRON
cblr-10941	301	19	’s	’s	AUX
cblr-10941	301	20	disclosed	disclose	VERB
cblr-10941	301	21	,	,	PUNCT
cblr-10941	301	22	but	but	CCONJ
cblr-10941	301	23	once	once	SCONJ
cblr-10941	301	24	it	it	PRON
cblr-10941	301	25	’s	’s	AUX
cblr-10941	301	26	disclosed	disclose	VERB
cblr-10941	301	27	,	,	PUNCT
cblr-10941	301	28	customers	customer	NOUN
cblr-10941	301	29	or	or	CCONJ
cblr-10941	301	30	competitors	competitor	NOUN
cblr-10941	301	31	can	can	AUX
cblr-10941	301	32	copy	copy	VERB
cblr-10941	301	33	it	it	PRON
cblr-10941	301	34	instead	instead	ADV
cblr-10941	301	35	of	of	ADP
cblr-10941	301	36	buying	buy	VERB
cblr-10941	301	37	it.81	it.81	NOUN
cblr-10941	301	38	in	in	ADP
cblr-10941	301	39	some	some	DET
cblr-10941	301	40	cases	case	NOUN
cblr-10941	301	41	,	,	PUNCT
cblr-10941	301	42	patents	patent	NOUN
cblr-10941	301	43	can	can	AUX
cblr-10941	301	44	solve	solve	VERB
cblr-10941	301	45	the	the	DET
cblr-10941	301	46	dilemma.82	dilemma.82	NOUN
cblr-10941	301	47	a	a	DET
cblr-10941	301	48	patent	patent	NOUN
cblr-10941	301	49	gives	give	VERB
cblr-10941	301	50	the	the	DET
cblr-10941	301	51	company	company	NOUN
cblr-10941	301	52	a	a	DET
cblr-10941	301	53	monopoly	monopoly	NOUN
cblr-10941	301	54	over	over	ADP
cblr-10941	301	55	the	the	DET
cblr-10941	301	56	patented	patented	ADJ
cblr-10941	301	57	idea	idea	NOUN
cblr-10941	301	58	,	,	PUNCT
cblr-10941	301	59	so	so	ADV
cblr-10941	301	60	the	the	DET
cblr-10941	301	61	company	company	NOUN
cblr-10941	301	62	can	can	AUX
cblr-10941	301	63	disclose	disclose	VERB
cblr-10941	301	64	it	it	PRON
cblr-10941	301	65	while	while	SCONJ
cblr-10941	301	66	still	still	ADV
cblr-10941	301	67	charging	charge	VERB
cblr-10941	301	68	licensees	licensee	NOUN
cblr-10941	301	69	for	for	ADP
cblr-10941	301	70	the	the	DET
cblr-10941	301	71	right	right	NOUN
cblr-10941	301	72	to	to	PART
cblr-10941	301	73	use	use	VERB
cblr-10941	301	74	it	it	PRON
cblr-10941	301	75	.	.	PUNCT
cblr-10941	302	1	but	but	CCONJ
cblr-10941	302	2	many	many	ADJ
cblr-10941	302	3	innovations	innovation	NOUN
cblr-10941	302	4	are	be	AUX
cblr-10941	302	5	n’t	not	PART
cblr-10941	302	6	patentable	patentable	ADJ
cblr-10941	302	7	or	or	CCONJ
cblr-10941	302	8	are	be	AUX
cblr-10941	302	9	more	more	ADV
cblr-10941	302	10	complex	complex	ADJ
cblr-10941	302	11	than	than	ADP
cblr-10941	302	12	the	the	DET
cblr-10941	302	13	information	information	NOUN
cblr-10941	302	14	that	that	PRON
cblr-10941	302	15	a	a	DET
cblr-10941	302	16	patent	patent	NOUN
cblr-10941	302	17	discloses	disclose	VERB
cblr-10941	302	18	.	.	PUNCT
cblr-10941	303	1	an	an	DET
cblr-10941	303	2	innovation	innovation	NOUN
cblr-10941	303	3	may	may	AUX
cblr-10941	303	4	be	be	AUX
cblr-10941	303	5	a	a	DET
cblr-10941	303	6	combination	combination	NOUN
cblr-10941	303	7	of	of	ADP
cblr-10941	303	8	trade	trade	NOUN
cblr-10941	303	9	secrets	secret	NOUN
cblr-10941	303	10	.	.	PUNCT
cblr-10941	304	1	if	if	SCONJ
cblr-10941	304	2	so	so	ADV
cblr-10941	304	3	,	,	PUNCT
cblr-10941	304	4	the	the	DET
cblr-10941	304	5	company	company	NOUN
cblr-10941	304	6	may	may	AUX
cblr-10941	304	7	need	need	VERB
cblr-10941	304	8	to	to	PART
cblr-10941	304	9	rely	rely	VERB
cblr-10941	304	10	on	on	ADP
cblr-10941	304	11	contracts	contract	NOUN
cblr-10941	304	12	to	to	PART
cblr-10941	304	13	protect	protect	VERB
cblr-10941	304	14	its	its	PRON
cblr-10941	304	15	confidential	confidential	ADJ
cblr-10941	304	16	information.83	information.83	PROPN
cblr-10941	304	17	a	a	DET
cblr-10941	304	18	public	public	ADJ
cblr-10941	304	19	company	company	NOUN
cblr-10941	304	20	ca	can	AUX
cblr-10941	304	21	n’t	not	PART
cblr-10941	304	22	sign	sign	VERB
cblr-10941	304	23	nondisclosure	nondisclosure	NOUN
cblr-10941	304	24	agreements	agreement	NOUN
cblr-10941	304	25	with	with	ADP
cblr-10941	304	26	all	all	PRON
cblr-10941	304	27	of	of	ADP
cblr-10941	304	28	its	its	PRON
cblr-10941	304	29	current	current	ADJ
cblr-10941	304	30	and	and	CCONJ
cblr-10941	304	31	prospective	prospective	ADJ
cblr-10941	304	32	shareholders	shareholder	NOUN
cblr-10941	304	33	.	.	PUNCT
cblr-10941	305	1	81	81	NUM
cblr-10941	305	2	see	see	VERB
cblr-10941	305	3	robert	robert	PROPN
cblr-10941	305	4	d.	d.	PROPN
cblr-10941	305	5	cooter	cooter	PROPN
cblr-10941	305	6	&	&	CCONJ
cblr-10941	305	7	hans	hans	PROPN
cblr-10941	305	8	-	-	PUNCT
cblr-10941	305	9	bernd	bernd	PROPN
cblr-10941	305	10	schäfer	schäfer	NOUN
cblr-10941	305	11	,	,	PUNCT
cblr-10941	305	12	solomon	solomon	PROPN
cblr-10941	305	13	’s	’s	PART
cblr-10941	305	14	knot	knot	PROPN
cblr-10941	305	15	:	:	PUNCT
cblr-10941	305	16	how	how	SCONJ
cblr-10941	305	17	law	law	NOUN
cblr-10941	305	18	can	can	AUX
cblr-10941	305	19	end	end	VERB
cblr-10941	305	20	the	the	DET
cblr-10941	305	21	poverty	poverty	NOUN
cblr-10941	305	22	of	of	ADP
cblr-10941	305	23	nations	nation	NOUN
cblr-10941	305	24	27	27	NUM
cblr-10941	305	25	(	(	PUNCT
cblr-10941	305	26	2012	2012	NUM
cblr-10941	305	27	)	)	PUNCT
cblr-10941	305	28	;	;	PUNCT
cblr-10941	305	29	see	see	VERB
cblr-10941	305	30	also	also	ADV
cblr-10941	305	31	kenneth	kenneth	PROPN
cblr-10941	305	32	j.	j.	PROPN
cblr-10941	305	33	arrow	arrow	PROPN
cblr-10941	305	34	,	,	PUNCT
cblr-10941	305	35	economic	economic	ADJ
cblr-10941	305	36	welfare	welfare	NOUN
cblr-10941	305	37	and	and	CCONJ
cblr-10941	305	38	the	the	DET
cblr-10941	305	39	allocation	allocation	NOUN
cblr-10941	305	40	of	of	ADP
cblr-10941	305	41	resources	resource	NOUN
cblr-10941	305	42	for	for	ADP
cblr-10941	305	43	invention	invention	NOUN
cblr-10941	305	44	,	,	PUNCT
cblr-10941	305	45	in	in	ADP
cblr-10941	305	46	the	the	DET
cblr-10941	305	47	rate	rate	NOUN
cblr-10941	305	48	and	and	CCONJ
cblr-10941	305	49	direction	direction	NOUN
cblr-10941	305	50	of	of	ADP
cblr-10941	305	51	inventive	inventive	ADJ
cblr-10941	305	52	activity	activity	NOUN
cblr-10941	305	53	:	:	PUNCT
cblr-10941	305	54	economic	economic	ADJ
cblr-10941	305	55	and	and	CCONJ
cblr-10941	305	56	social	social	ADJ
cblr-10941	305	57	factors	factor	NOUN
cblr-10941	305	58	609	609	NUM
cblr-10941	305	59	(	(	PUNCT
cblr-10941	305	60	nat’l	nat’l	NUM
cblr-10941	305	61	bureau	bureau	PROPN
cblr-10941	305	62	of	of	ADP
cblr-10941	305	63	econ	econ	PROPN
cblr-10941	305	64	.	.	PUNCT
cblr-10941	306	1	research	research	PROPN
cblr-10941	306	2	ed	ed	PROPN
cblr-10941	306	3	.	.	PROPN
cblr-10941	306	4	,	,	PUNCT
cblr-10941	306	5	1962	1962	NUM
cblr-10941	306	6	)	)	PUNCT
cblr-10941	306	7	.	.	PUNCT
cblr-10941	307	1	82	82	NUM
cblr-10941	307	2	see	see	VERB
cblr-10941	307	3	michael	michael	PROPN
cblr-10941	307	4	j.	j.	PROPN
cblr-10941	307	5	burstein	burstein	PROPN
cblr-10941	307	6	,	,	PUNCT
cblr-10941	307	7	exchanging	exchange	VERB
cblr-10941	307	8	information	information	NOUN
cblr-10941	307	9	without	without	ADP
cblr-10941	307	10	intellectual	intellectual	ADJ
cblr-10941	307	11	property	property	NOUN
cblr-10941	307	12	,	,	PUNCT
cblr-10941	307	13	91	91	NUM
cblr-10941	307	14	tex	tex	PROPN
cblr-10941	307	15	.	.	PROPN
cblr-10941	307	16	l.	l.	PROPN
cblr-10941	307	17	rev	rev	PROPN
cblr-10941	307	18	.	.	PROPN
cblr-10941	307	19	227	227	NUM
cblr-10941	307	20	,	,	PUNCT
cblr-10941	307	21	242–45	242–45	NUM
cblr-10941	307	22	(	(	PUNCT
cblr-10941	307	23	2012	2012	NUM
cblr-10941	307	24	)	)	PUNCT
cblr-10941	307	25	.	.	PUNCT
cblr-10941	308	1	83	83	NUM
cblr-10941	308	2	see	see	VERB
cblr-10941	308	3	i	i	PRON
cblr-10941	308	4	d.	d.	PROPN
cblr-10941	308	5	at	at	ADP
cblr-10941	308	6	262–66	262–66	PROPN
cblr-10941	308	7	.	.	PUNCT
cblr-10941	308	8	878	878	NUM
cblr-10941	308	9	columbia	columbia	PROPN
cblr-10941	308	10	business	business	NOUN
cblr-10941	308	11	law	law	PROPN
cblr-10941	308	12	review	review	NOUN
cblr-10941	308	13	[	[	X
cblr-10941	308	14	vol	vol	NOUN
cblr-10941	308	15	.	.	PUNCT
cblr-10941	308	16	2022	2022	NUM
cblr-10941	309	1	the	the	DET
cblr-10941	309	2	manager	manager	NOUN
cblr-10941	309	3	is	be	AUX
cblr-10941	309	4	also	also	ADV
cblr-10941	309	5	at	at	ADP
cblr-10941	309	6	the	the	DET
cblr-10941	309	7	mercy	mercy	NOUN
cblr-10941	309	8	of	of	ADP
cblr-10941	309	9	the	the	DET
cblr-10941	309	10	investors	investor	NOUN
cblr-10941	309	11	’	’	PART
cblr-10941	309	12	sophistication	sophistication	NOUN
cblr-10941	309	13	.	.	PUNCT
cblr-10941	310	1	many	many	ADJ
cblr-10941	310	2	investments	investment	NOUN
cblr-10941	310	3	in	in	ADP
cblr-10941	310	4	early	early	ADJ
cblr-10941	310	5	-	-	PUNCT
cblr-10941	310	6	stage	stage	NOUN
cblr-10941	310	7	technology	technology	NOUN
cblr-10941	310	8	companies	company	NOUN
cblr-10941	310	9	are	be	AUX
cblr-10941	310	10	made	make	VERB
cblr-10941	310	11	through	through	ADP
cblr-10941	310	12	professional	professional	ADJ
cblr-10941	310	13	intermediaries	intermediary	NOUN
cblr-10941	310	14	like	like	ADP
cblr-10941	310	15	vcs	vcs	NOUN
cblr-10941	310	16	.	.	PUNCT
cblr-10941	311	1	even	even	ADV
cblr-10941	311	2	within	within	ADP
cblr-10941	311	3	the	the	DET
cblr-10941	311	4	vc	vc	PROPN
cblr-10941	311	5	industry	industry	NOUN
cblr-10941	311	6	,	,	PUNCT
cblr-10941	311	7	firms	firm	NOUN
cblr-10941	311	8	and	and	CCONJ
cblr-10941	311	9	partners	partner	NOUN
cblr-10941	311	10	specialize	specialize	VERB
cblr-10941	311	11	in	in	ADP
cblr-10941	311	12	certain	certain	ADJ
cblr-10941	311	13	markets	market	NOUN
cblr-10941	311	14	or	or	CCONJ
cblr-10941	311	15	technologies	technology	NOUN
cblr-10941	311	16	.	.	PUNCT
cblr-10941	312	1	biotech	biotech	ADJ
cblr-10941	312	2	startups	startup	NOUN
cblr-10941	312	3	,	,	PUNCT
cblr-10941	312	4	for	for	ADP
cblr-10941	312	5	example	example	NOUN
cblr-10941	312	6	,	,	PUNCT
cblr-10941	312	7	often	often	ADV
cblr-10941	312	8	raise	raise	VERB
cblr-10941	312	9	funding	funding	NOUN
cblr-10941	312	10	from	from	ADP
cblr-10941	312	11	specialist	specialist	PROPN
cblr-10941	312	12	vc	vc	PROPN
cblr-10941	312	13	firms.84	firms.84	PROPN
cblr-10941	312	14	sophisticated	sophisticated	ADJ
cblr-10941	312	15	,	,	PUNCT
cblr-10941	312	16	specialist	specialist	ADJ
cblr-10941	312	17	intermediaries	intermediary	NOUN
cblr-10941	312	18	can	can	AUX
cblr-10941	312	19	better	well	ADV
cblr-10941	312	20	evaluate	evaluate	VERB
cblr-10941	312	21	tacit	tacit	ADJ
cblr-10941	312	22	or	or	CCONJ
cblr-10941	312	23	technical	technical	ADJ
cblr-10941	312	24	information	information	NOUN
cblr-10941	312	25	and	and	CCONJ
cblr-10941	312	26	recognize	recognize	VERB
cblr-10941	312	27	industry	industry	NOUN
cblr-10941	312	28	-	-	PUNCT
cblr-10941	312	29	specific	specific	ADJ
cblr-10941	312	30	patterns	pattern	NOUN
cblr-10941	312	31	that	that	PRON
cblr-10941	312	32	predict	predict	VERB
cblr-10941	312	33	success	success	NOUN
cblr-10941	312	34	.	.	PUNCT
cblr-10941	313	1	but	but	CCONJ
cblr-10941	313	2	relying	rely	VERB
cblr-10941	313	3	on	on	ADP
cblr-10941	313	4	specialists	specialist	NOUN
cblr-10941	313	5	limits	limit	VERB
cblr-10941	313	6	the	the	DET
cblr-10941	313	7	number	number	NOUN
cblr-10941	313	8	of	of	ADP
cblr-10941	313	9	potential	potential	ADJ
cblr-10941	313	10	investors	investor	NOUN
cblr-10941	313	11	,	,	PUNCT
cblr-10941	313	12	and	and	CCONJ
cblr-10941	313	13	intermediaries	intermediary	NOUN
cblr-10941	313	14	charge	charge	VERB
cblr-10941	313	15	for	for	ADP
cblr-10941	313	16	their	their	PRON
cblr-10941	313	17	services	service	NOUN
cblr-10941	313	18	,	,	PUNCT
cblr-10941	313	19	which	which	PRON
cblr-10941	313	20	raises	raise	VERB
cblr-10941	313	21	the	the	DET
cblr-10941	313	22	cost	cost	NOUN
cblr-10941	313	23	of	of	ADP
cblr-10941	313	24	capital	capital	NOUN
cblr-10941	313	25	.	.	PUNCT
cblr-10941	314	1	to	to	PART
cblr-10941	314	2	be	be	AUX
cblr-10941	314	3	sure	sure	ADJ
cblr-10941	314	4	,	,	PUNCT
cblr-10941	314	5	monitoring	monitor	VERB
cblr-10941	314	6	problems	problem	NOUN
cblr-10941	314	7	can	can	AUX
cblr-10941	314	8	arise	arise	VERB
cblr-10941	314	9	in	in	ADP
cblr-10941	314	10	any	any	DET
cblr-10941	314	11	long	long	ADJ
cblr-10941	314	12	-	-	PUNCT
cblr-10941	314	13	term	term	NOUN
cblr-10941	314	14	project	project	NOUN
cblr-10941	314	15	.	.	PUNCT
cblr-10941	315	1	but	but	CCONJ
cblr-10941	315	2	long	long	ADJ
cblr-10941	315	3	-	-	PUNCT
cblr-10941	315	4	term	term	NOUN
cblr-10941	315	5	projects	project	NOUN
cblr-10941	315	6	to	to	PART
cblr-10941	315	7	commercialize	commercialize	VERB
cblr-10941	315	8	new	new	ADJ
cblr-10941	315	9	technologies	technology	NOUN
cblr-10941	315	10	—	—	PUNCT
cblr-10941	315	11	moonshots	moonshot	NOUN
cblr-10941	315	12	—	—	PUNCT
cblr-10941	315	13	create	create	VERB
cblr-10941	315	14	especially	especially	ADV
cblr-10941	315	15	strong	strong	ADJ
cblr-10941	315	16	monitoring	monitoring	NOUN
cblr-10941	315	17	problems	problem	NOUN
cblr-10941	315	18	.	.	PUNCT
cblr-10941	316	1	the	the	DET
cblr-10941	316	2	more	more	ADV
cblr-10941	316	3	novel	novel	NOUN
cblr-10941	316	4	a	a	DET
cblr-10941	316	5	technology	technology	NOUN
cblr-10941	316	6	is	be	AUX
cblr-10941	316	7	,	,	PUNCT
cblr-10941	316	8	the	the	PRON
cblr-10941	316	9	greater	great	ADJ
cblr-10941	316	10	the	the	DET
cblr-10941	316	11	information	information	NOUN
cblr-10941	316	12	asymmetries	asymmetry	NOUN
cblr-10941	316	13	become	become	VERB
cblr-10941	316	14	.	.	PUNCT
cblr-10941	317	1	the	the	DET
cblr-10941	317	2	performance	performance	NOUN
cblr-10941	317	3	of	of	ADP
cblr-10941	317	4	new	new	ADJ
cblr-10941	317	5	technology	technology	NOUN
cblr-10941	317	6	might	might	AUX
cblr-10941	317	7	not	not	PART
cblr-10941	317	8	be	be	AUX
cblr-10941	317	9	measurable	measurable	ADJ
cblr-10941	317	10	with	with	ADP
cblr-10941	317	11	existing	exist	VERB
cblr-10941	317	12	metrics	metric	NOUN
cblr-10941	317	13	.	.	PUNCT
cblr-10941	318	1	the	the	DET
cblr-10941	318	2	targeted	target	VERB
cblr-10941	318	3	market	market	NOUN
cblr-10941	318	4	might	might	AUX
cblr-10941	318	5	not	not	PART
cblr-10941	318	6	exist	exist	VERB
cblr-10941	318	7	yet	yet	ADV
cblr-10941	318	8	.	.	PUNCT
cblr-10941	319	1	specialist	specialist	NOUN
cblr-10941	319	2	intermediaries	intermediary	NOUN
cblr-10941	319	3	might	might	AUX
cblr-10941	319	4	not	not	PART
cblr-10941	319	5	have	have	AUX
cblr-10941	319	6	set	set	VERB
cblr-10941	319	7	up	up	ADP
cblr-10941	319	8	shop	shop	NOUN
cblr-10941	319	9	.	.	PUNCT
cblr-10941	320	1	likewise	likewise	ADV
cblr-10941	320	2	,	,	PUNCT
cblr-10941	320	3	the	the	PRON
cblr-10941	320	4	longer	long	ADV
cblr-10941	320	5	the	the	DET
cblr-10941	320	6	time	time	NOUN
cblr-10941	320	7	needed	need	VERB
cblr-10941	320	8	for	for	ADP
cblr-10941	320	9	development	development	NOUN
cblr-10941	320	10	,	,	PUNCT
cblr-10941	320	11	the	the	DET
cblr-10941	320	12	more	more	ADV
cblr-10941	320	13	crippling	crippling	ADJ
cblr-10941	320	14	the	the	DET
cblr-10941	320	15	information	information	NOUN
cblr-10941	320	16	asymmetries	asymmetry	NOUN
cblr-10941	320	17	become	become	VERB
cblr-10941	320	18	.	.	PUNCT
cblr-10941	321	1	as	as	SCONJ
cblr-10941	321	2	time	time	NOUN
cblr-10941	321	3	passes	pass	VERB
cblr-10941	321	4	,	,	PUNCT
cblr-10941	321	5	more	more	ADJ
cblr-10941	321	6	investors	investor	NOUN
cblr-10941	321	7	will	will	AUX
cblr-10941	321	8	approach	approach	VERB
cblr-10941	321	9	their	their	PRON
cblr-10941	321	10	time	time	NOUN
cblr-10941	321	11	horizons	horizon	NOUN
cblr-10941	321	12	and	and	CCONJ
cblr-10941	321	13	demand	demand	VERB
cblr-10941	321	14	stronger	strong	ADJ
cblr-10941	321	15	evidence	evidence	NOUN
cblr-10941	321	16	of	of	ADP
cblr-10941	321	17	the	the	DET
cblr-10941	321	18	project	project	NOUN
cblr-10941	321	19	’s	’s	PART
cblr-10941	321	20	progress	progress	NOUN
cblr-10941	321	21	.	.	PUNCT
cblr-10941	322	1	for	for	ADP
cblr-10941	322	2	these	these	DET
cblr-10941	322	3	reasons	reason	NOUN
cblr-10941	322	4	,	,	PUNCT
cblr-10941	322	5	managers	manager	NOUN
cblr-10941	322	6	are	be	AUX
cblr-10941	322	7	especially	especially	ADV
cblr-10941	322	8	likely	likely	ADJ
cblr-10941	322	9	to	to	PART
cblr-10941	322	10	forgo	forgo	VERB
cblr-10941	322	11	investing	invest	VERB
cblr-10941	322	12	in	in	ADP
cblr-10941	322	13	moonshots	moonshot	NOUN
cblr-10941	322	14	.	.	PUNCT
cblr-10941	323	1	c.	c.	NOUN
cblr-10941	323	2	the	the	DET
cblr-10941	323	3	motivation	motivation	NOUN
cblr-10941	323	4	problem	problem	NOUN
cblr-10941	323	5	suppose	suppose	VERB
cblr-10941	323	6	that	that	SCONJ
cblr-10941	323	7	shareholders	shareholder	NOUN
cblr-10941	323	8	’	’	PART
cblr-10941	323	9	limited	limited	ADJ
cblr-10941	323	10	ability	ability	NOUN
cblr-10941	323	11	to	to	PART
cblr-10941	323	12	monitor	monitor	VERB
cblr-10941	323	13	a	a	DET
cblr-10941	323	14	project	project	NOUN
cblr-10941	323	15	’s	’s	PART
cblr-10941	323	16	progress	progress	NOUN
cblr-10941	323	17	did	do	AUX
cblr-10941	323	18	not	not	PART
cblr-10941	323	19	restrain	restrain	VERB
cblr-10941	323	20	managers	manager	NOUN
cblr-10941	323	21	from	from	ADP
cblr-10941	323	22	investing	invest	VERB
cblr-10941	323	23	in	in	ADP
cblr-10941	323	24	moonshots	moonshot	NOUN
cblr-10941	323	25	.	.	PUNCT
cblr-10941	324	1	the	the	DET
cblr-10941	324	2	manager	manager	NOUN
cblr-10941	324	3	would	would	AUX
cblr-10941	324	4	still	still	ADV
cblr-10941	324	5	need	need	VERB
cblr-10941	324	6	to	to	PART
cblr-10941	324	7	overcome	overcome	VERB
cblr-10941	324	8	an	an	DET
cblr-10941	324	9	internal	internal	ADJ
cblr-10941	324	10	agency	agency	NOUN
cblr-10941	324	11	problem	problem	NOUN
cblr-10941	324	12	.	.	PUNCT
cblr-10941	325	1	in	in	ADP
cblr-10941	325	2	this	this	DET
cblr-10941	325	3	case	case	NOUN
cblr-10941	325	4	,	,	PUNCT
cblr-10941	325	5	the	the	DET
cblr-10941	325	6	manager	manager	NOUN
cblr-10941	325	7	is	be	AUX
cblr-10941	325	8	the	the	DET
cblr-10941	325	9	principal	principal	NOUN
cblr-10941	325	10	.	.	PUNCT
cblr-10941	326	1	the	the	DET
cblr-10941	326	2	employees	employee	NOUN
cblr-10941	326	3	she	she	PRON
cblr-10941	326	4	supervises	supervise	VERB
cblr-10941	326	5	are	be	AUX
cblr-10941	326	6	the	the	DET
cblr-10941	326	7	agent	agent	NOUN
cblr-10941	326	8	.	.	PUNCT
cblr-10941	327	1	the	the	DET
cblr-10941	327	2	manager	manager	NOUN
cblr-10941	327	3	faces	face	VERB
cblr-10941	327	4	some	some	PRON
cblr-10941	327	5	of	of	ADP
cblr-10941	327	6	the	the	DET
cblr-10941	327	7	same	same	ADJ
cblr-10941	327	8	information	information	NOUN
cblr-10941	327	9	asymmetries	asymmetry	NOUN
cblr-10941	327	10	that	that	PRON
cblr-10941	327	11	create	create	VERB
cblr-10941	327	12	the	the	DET
cblr-10941	327	13	monitoring	monitoring	NOUN
cblr-10941	327	14	problem	problem	NOUN
cblr-10941	327	15	for	for	ADP
cblr-10941	327	16	her	her	PRON
cblr-10941	327	17	shareholders	shareholder	NOUN
cblr-10941	327	18	.	.	PUNCT
cblr-10941	328	1	the	the	DET
cblr-10941	328	2	manager	manager	NOUN
cblr-10941	328	3	wo	will	AUX
cblr-10941	328	4	n’t	not	PART
cblr-10941	328	5	face	face	VERB
cblr-10941	328	6	confidentiality	confidentiality	NOUN
cblr-10941	328	7	barriers	barrier	NOUN
cblr-10941	328	8	,	,	PUNCT
cblr-10941	328	9	but	but	CCONJ
cblr-10941	328	10	she	she	PRON
cblr-10941	328	11	might	might	AUX
cblr-10941	328	12	not	not	PART
cblr-10941	328	13	be	be	AUX
cblr-10941	328	14	able	able	ADJ
cblr-10941	328	15	to	to	PART
cblr-10941	328	16	evaluate	evaluate	VERB
cblr-10941	328	17	the	the	DET
cblr-10941	328	18	tacit	tacit	NOUN
cblr-10941	328	19	,	,	PUNCT
cblr-10941	328	20	qualitative	qualitative	NOUN
cblr-10941	328	21	,	,	PUNCT
cblr-10941	328	22	or	or	CCONJ
cblr-10941	328	23	technical	technical	ADJ
cblr-10941	328	24	84	84	NUM
cblr-10941	328	25	see	see	VERB
cblr-10941	328	26	lerner	lerner	PROPN
cblr-10941	328	27	&	&	CCONJ
cblr-10941	328	28	nanda	nanda	PROPN
cblr-10941	328	29	,	,	PUNCT
cblr-10941	328	30	supra	supra	PROPN
cblr-10941	328	31	note	note	NOUN
cblr-10941	328	32	28	28	NUM
cblr-10941	328	33	,	,	PUNCT
cblr-10941	328	34	at	at	ADP
cblr-10941	328	35	248	248	NUM
cblr-10941	328	36	.	.	PUNCT
cblr-10941	329	1	no	no	INTJ
cblr-10941	329	2	.	.	PUNCT
cblr-10941	330	1	2:859	2:859	NUM
cblr-10941	330	2	]	]	PUNCT
cblr-10941	330	3	moonshots	moonshot	VERB
cblr-10941	330	4	879	879	NUM
cblr-10941	330	5	information	information	NOUN
cblr-10941	330	6	that	that	PRON
cblr-10941	330	7	gives	give	VERB
cblr-10941	330	8	the	the	DET
cblr-10941	330	9	engineers	engineer	NOUN
cblr-10941	330	10	working	work	VERB
cblr-10941	330	11	on	on	ADP
cblr-10941	330	12	the	the	DET
cblr-10941	330	13	project	project	NOUN
cblr-10941	330	14	confidence	confidence	NOUN
cblr-10941	330	15	that	that	SCONJ
cblr-10941	330	16	it	it	PRON
cblr-10941	330	17	’s	’s	AUX
cblr-10941	330	18	progressing	progress	VERB
cblr-10941	330	19	.	.	PUNCT
cblr-10941	331	1	consequently	consequently	ADV
cblr-10941	331	2	,	,	PUNCT
cblr-10941	331	3	she	she	PRON
cblr-10941	331	4	will	will	AUX
cblr-10941	331	5	worry	worry	VERB
cblr-10941	331	6	that	that	SCONJ
cblr-10941	331	7	the	the	DET
cblr-10941	331	8	employees	employee	NOUN
cblr-10941	331	9	will	will	AUX
cblr-10941	331	10	use	use	VERB
cblr-10941	331	11	her	her	PRON
cblr-10941	331	12	budget	budget	NOUN
cblr-10941	331	13	to	to	PART
cblr-10941	331	14	develop	develop	VERB
cblr-10941	331	15	technology	technology	NOUN
cblr-10941	331	16	they	they	PRON
cblr-10941	331	17	find	find	VERB
cblr-10941	331	18	interesting	interesting	ADJ
cblr-10941	331	19	,	,	PUNCT
cblr-10941	331	20	rather	rather	ADV
cblr-10941	331	21	than	than	SCONJ
cblr-10941	331	22	focus	focus	VERB
cblr-10941	331	23	on	on	ADP
cblr-10941	331	24	bringing	bring	VERB
cblr-10941	331	25	a	a	DET
cblr-10941	331	26	product	product	NOUN
cblr-10941	331	27	to	to	ADP
cblr-10941	331	28	market	market	NOUN
cblr-10941	331	29	.	.	PUNCT
cblr-10941	332	1	she	she	PRON
cblr-10941	332	2	might	might	AUX
cblr-10941	332	3	even	even	ADV
cblr-10941	332	4	worry	worry	VERB
cblr-10941	332	5	the	the	DET
cblr-10941	332	6	employees	employee	NOUN
cblr-10941	332	7	will	will	AUX
cblr-10941	332	8	hide	hide	VERB
cblr-10941	332	9	evidence	evidence	NOUN
cblr-10941	332	10	of	of	ADP
cblr-10941	332	11	failure	failure	NOUN
cblr-10941	332	12	and	and	CCONJ
cblr-10941	332	13	keep	keep	VERB
cblr-10941	332	14	the	the	DET
cblr-10941	332	15	project	project	NOUN
cblr-10941	332	16	going	go	VERB
cblr-10941	332	17	when	when	SCONJ
cblr-10941	332	18	it	it	PRON
cblr-10941	332	19	should	should	AUX
cblr-10941	332	20	be	be	AUX
cblr-10941	332	21	shut	shut	VERB
cblr-10941	332	22	down.85	down.85	VERB
cblr-10941	332	23	the	the	DET
cblr-10941	332	24	manager	manager	NOUN
cblr-10941	332	25	has	have	VERB
cblr-10941	332	26	a	a	DET
cblr-10941	332	27	potential	potential	ADJ
cblr-10941	332	28	solution	solution	NOUN
cblr-10941	332	29	available	available	ADJ
cblr-10941	332	30	.	.	PUNCT
cblr-10941	333	1	a	a	DET
cblr-10941	333	2	highly	highly	ADV
cblr-10941	333	3	motivated	motivated	ADJ
cblr-10941	333	4	agent	agent	NOUN
cblr-10941	333	5	needs	need	VERB
cblr-10941	333	6	less	less	ADV
cblr-10941	333	7	monitoring.86	monitoring.86	ADJ
cblr-10941	333	8	the	the	DET
cblr-10941	333	9	manager	manager	NOUN
cblr-10941	333	10	can	can	AUX
cblr-10941	333	11	structure	structure	VERB
cblr-10941	333	12	the	the	DET
cblr-10941	333	13	employees	employee	NOUN
cblr-10941	333	14	’	’	PART
cblr-10941	333	15	compensation	compensation	NOUN
cblr-10941	333	16	to	to	PART
cblr-10941	333	17	give	give	VERB
cblr-10941	333	18	them	they	PRON
cblr-10941	333	19	strong	strong	ADJ
cblr-10941	333	20	incentives	incentive	NOUN
cblr-10941	333	21	to	to	PART
cblr-10941	333	22	turn	turn	VERB
cblr-10941	333	23	the	the	DET
cblr-10941	333	24	company	company	NOUN
cblr-10941	333	25	’s	’s	PART
cblr-10941	333	26	technology	technology	NOUN
cblr-10941	333	27	into	into	ADP
cblr-10941	333	28	a	a	DET
cblr-10941	333	29	profitable	profitable	ADJ
cblr-10941	333	30	product	product	NOUN
cblr-10941	333	31	.	.	PUNCT
cblr-10941	334	1	she	she	PRON
cblr-10941	334	2	could	could	AUX
cblr-10941	334	3	give	give	VERB
cblr-10941	334	4	each	each	DET
cblr-10941	334	5	of	of	ADP
cblr-10941	334	6	the	the	DET
cblr-10941	334	7	employees	employee	NOUN
cblr-10941	334	8	an	an	DET
cblr-10941	334	9	ownership	ownership	NOUN
cblr-10941	334	10	stake	stake	NOUN
cblr-10941	334	11	in	in	ADP
cblr-10941	334	12	the	the	DET
cblr-10941	334	13	project	project	NOUN
cblr-10941	334	14	and	and	CCONJ
cblr-10941	334	15	prevent	prevent	VERB
cblr-10941	334	16	them	they	PRON
cblr-10941	334	17	from	from	ADP
cblr-10941	334	18	liquidating	liquidate	VERB
cblr-10941	334	19	that	that	DET
cblr-10941	334	20	stake	stake	NOUN
cblr-10941	334	21	until	until	SCONJ
cblr-10941	334	22	the	the	DET
cblr-10941	334	23	project	project	NOUN
cblr-10941	334	24	was	be	AUX
cblr-10941	334	25	complete	complete	ADJ
cblr-10941	334	26	.	.	PUNCT
cblr-10941	335	1	in	in	ADP
cblr-10941	335	2	practice	practice	NOUN
cblr-10941	335	3	,	,	PUNCT
cblr-10941	335	4	though	though	ADV
cblr-10941	335	5	,	,	PUNCT
cblr-10941	335	6	managers	manager	NOUN
cblr-10941	335	7	at	at	ADP
cblr-10941	335	8	established	establish	VERB
cblr-10941	335	9	companies	company	NOUN
cblr-10941	335	10	often	often	ADV
cblr-10941	335	11	fail	fail	VERB
cblr-10941	335	12	to	to	PART
cblr-10941	335	13	properly	properly	ADV
cblr-10941	335	14	motivate	motivate	VERB
cblr-10941	335	15	their	their	PRON
cblr-10941	335	16	employees	employee	NOUN
cblr-10941	335	17	to	to	PART
cblr-10941	335	18	develop	develop	VERB
cblr-10941	335	19	innovations	innovation	NOUN
cblr-10941	335	20	.	.	PUNCT
cblr-10941	336	1	the	the	DET
cblr-10941	336	2	root	root	NOUN
cblr-10941	336	3	of	of	ADP
cblr-10941	336	4	the	the	DET
cblr-10941	336	5	problem	problem	NOUN
cblr-10941	336	6	is	be	AUX
cblr-10941	336	7	that	that	SCONJ
cblr-10941	336	8	the	the	DET
cblr-10941	336	9	innovation	innovation	NOUN
cblr-10941	336	10	project	project	NOUN
cblr-10941	336	11	is	be	AUX
cblr-10941	336	12	housed	house	VERB
cblr-10941	336	13	within	within	ADP
cblr-10941	336	14	the	the	DET
cblr-10941	336	15	same	same	ADJ
cblr-10941	336	16	organizational	organizational	ADJ
cblr-10941	336	17	structure	structure	NOUN
cblr-10941	336	18	as	as	ADP
cblr-10941	336	19	other	other	ADJ
cblr-10941	336	20	lines	line	NOUN
cblr-10941	336	21	of	of	ADP
cblr-10941	336	22	business	business	NOUN
cblr-10941	336	23	.	.	PUNCT
cblr-10941	337	1	managers	manager	NOUN
cblr-10941	337	2	therefore	therefore	ADV
cblr-10941	337	3	find	find	VERB
cblr-10941	337	4	it	it	PRON
cblr-10941	337	5	hard	hard	ADJ
cblr-10941	337	6	to	to	ADP
cblr-10941	337	7	(	(	PUNCT
cblr-10941	337	8	1	1	X
cblr-10941	337	9	)	)	PUNCT
cblr-10941	337	10	reward	reward	VERB
cblr-10941	337	11	the	the	DET
cblr-10941	337	12	employee	employee	NOUN
cblr-10941	337	13	who	who	PRON
cblr-10941	337	14	created	create	VERB
cblr-10941	337	15	the	the	DET
cblr-10941	337	16	invention	invention	NOUN
cblr-10941	337	17	that	that	PRON
cblr-10941	337	18	led	lead	VERB
cblr-10941	337	19	to	to	ADP
cblr-10941	337	20	the	the	DET
cblr-10941	337	21	innovation	innovation	NOUN
cblr-10941	337	22	,	,	PUNCT
cblr-10941	337	23	(	(	PUNCT
cblr-10941	337	24	2	2	X
cblr-10941	337	25	)	)	PUNCT
cblr-10941	337	26	provide	provide	VERB
cblr-10941	337	27	strong	strong	ADJ
cblr-10941	337	28	incentives	incentive	NOUN
cblr-10941	337	29	to	to	ADP
cblr-10941	337	30	employees	employee	NOUN
cblr-10941	337	31	without	without	ADP
cblr-10941	337	32	distorting	distort	VERB
cblr-10941	337	33	their	their	PRON
cblr-10941	337	34	time	time	NOUN
cblr-10941	337	35	allocation	allocation	NOUN
cblr-10941	337	36	,	,	PUNCT
cblr-10941	337	37	(	(	PUNCT
cblr-10941	337	38	3	3	X
cblr-10941	337	39	)	)	PUNCT
cblr-10941	337	40	assess	assess	VERB
cblr-10941	337	41	each	each	DET
cblr-10941	337	42	individual	individual	NOUN
cblr-10941	337	43	’s	’s	PART
cblr-10941	337	44	contribution	contribution	NOUN
cblr-10941	337	45	,	,	PUNCT
cblr-10941	337	46	and	and	CCONJ
cblr-10941	337	47	(	(	PUNCT
cblr-10941	337	48	4	4	X
cblr-10941	337	49	)	)	PUNCT
cblr-10941	337	50	assess	assess	VERB
cblr-10941	337	51	the	the	DET
cblr-10941	337	52	overall	overall	ADJ
cblr-10941	337	53	value	value	NOUN
cblr-10941	337	54	of	of	ADP
cblr-10941	337	55	the	the	DET
cblr-10941	337	56	project	project	NOUN
cblr-10941	337	57	.	.	PUNCT
cblr-10941	338	1	employees	employee	NOUN
cblr-10941	338	2	generally	generally	ADV
cblr-10941	338	3	do	do	AUX
cblr-10941	338	4	n’t	not	PART
cblr-10941	338	5	receive	receive	VERB
cblr-10941	338	6	specific	specific	ADJ
cblr-10941	338	7	rewards	reward	NOUN
cblr-10941	338	8	for	for	ADP
cblr-10941	338	9	inventions	invention	NOUN
cblr-10941	338	10	related	relate	VERB
cblr-10941	338	11	to	to	ADP
cblr-10941	338	12	their	their	PRON
cblr-10941	338	13	work	work	NOUN
cblr-10941	338	14	during	during	ADP
cblr-10941	338	15	the	the	DET
cblr-10941	338	16	course	course	NOUN
cblr-10941	338	17	of	of	ADP
cblr-10941	338	18	their	their	PRON
cblr-10941	338	19	employment	employment	NOUN
cblr-10941	338	20	.	.	PUNCT
cblr-10941	339	1	they	they	PRON
cblr-10941	339	2	sign	sign	VERB
cblr-10941	339	3	agreements	agreement	NOUN
cblr-10941	339	4	that	that	PRON
cblr-10941	339	5	assign	assign	VERB
cblr-10941	339	6	the	the	DET
cblr-10941	339	7	intellectual	intellectual	ADJ
cblr-10941	339	8	property	property	NOUN
cblr-10941	339	9	rights	right	NOUN
cblr-10941	339	10	to	to	ADP
cblr-10941	339	11	their	their	PRON
cblr-10941	339	12	work	work	NOUN
cblr-10941	339	13	-	-	PUNCT
cblr-10941	339	14	related	relate	VERB
cblr-10941	339	15	inventions	invention	NOUN
cblr-10941	339	16	to	to	ADP
cblr-10941	339	17	their	their	PRON
cblr-10941	339	18	employer.87	employer.87	NOUN
cblr-10941	339	19	at	at	ADP
cblr-10941	339	20	some	some	DET
cblr-10941	339	21	companies	company	NOUN
cblr-10941	339	22	,	,	PUNCT
cblr-10941	339	23	employees	employee	NOUN
cblr-10941	339	24	receive	receive	VERB
cblr-10941	339	25	a	a	DET
cblr-10941	339	26	85	85	NUM
cblr-10941	339	27	see	see	NOUN
cblr-10941	339	28	holmstrom	holmstrom	NOUN
cblr-10941	339	29	,	,	PUNCT
cblr-10941	339	30	supra	supra	PROPN
cblr-10941	339	31	note	note	NOUN
cblr-10941	339	32	74	74	NUM
cblr-10941	339	33	,	,	PUNCT
cblr-10941	339	34	at	at	ADP
cblr-10941	339	35	318	318	NUM
cblr-10941	339	36	(	(	PUNCT
cblr-10941	339	37	explaining	explain	VERB
cblr-10941	339	38	that	that	SCONJ
cblr-10941	339	39	renegotiating	renegotiate	VERB
cblr-10941	339	40	the	the	DET
cblr-10941	339	41	continuation	continuation	NOUN
cblr-10941	339	42	of	of	ADP
cblr-10941	339	43	a	a	DET
cblr-10941	339	44	project	project	NOUN
cblr-10941	339	45	will	will	AUX
cblr-10941	339	46	be	be	AUX
cblr-10941	339	47	costly	costly	ADJ
cblr-10941	339	48	when	when	SCONJ
cblr-10941	339	49	there	there	PRON
cblr-10941	339	50	is	be	VERB
cblr-10941	339	51	an	an	DET
cblr-10941	339	52	information	information	NOUN
cblr-10941	339	53	asymmetry	asymmetry	NOUN
cblr-10941	339	54	between	between	ADP
cblr-10941	339	55	the	the	DET
cblr-10941	339	56	manager	manager	NOUN
cblr-10941	339	57	and	and	CCONJ
cblr-10941	339	58	an	an	DET
cblr-10941	339	59	engineer	engineer	NOUN
cblr-10941	339	60	and	and	CCONJ
cblr-10941	339	61	the	the	DET
cblr-10941	339	62	engineer	engineer	NOUN
cblr-10941	339	63	has	have	VERB
cblr-10941	339	64	“	"	PUNCT
cblr-10941	339	65	human	human	ADJ
cblr-10941	339	66	capital	capital	NOUN
cblr-10941	339	67	at	at	ADP
cblr-10941	339	68	stake	stake	NOUN
cblr-10941	339	69	,	,	PUNCT
cblr-10941	339	70	which	which	PRON
cblr-10941	339	71	the	the	DET
cblr-10941	339	72	firm	firm	NOUN
cblr-10941	339	73	can	can	AUX
cblr-10941	339	74	not	not	PART
cblr-10941	339	75	appropriate	appropriate	VERB
cblr-10941	339	76	”	"	PUNCT
cblr-10941	339	77	)	)	PUNCT
cblr-10941	339	78	.	.	PUNCT
cblr-10941	340	1	86	86	NUM
cblr-10941	340	2	see	see	VERB
cblr-10941	340	3	frank	frank	PROPN
cblr-10941	340	4	h.	h.	PROPN
cblr-10941	340	5	easterbrook	easterbrook	PROPN
cblr-10941	340	6	&	&	CCONJ
cblr-10941	340	7	daniel	daniel	PROPN
cblr-10941	340	8	r.	r.	PROPN
cblr-10941	340	9	fischel	fischel	PROPN
cblr-10941	340	10	,	,	PUNCT
cblr-10941	340	11	the	the	DET
cblr-10941	340	12	economic	economic	ADJ
cblr-10941	340	13	structure	structure	NOUN
cblr-10941	340	14	of	of	ADP
cblr-10941	340	15	corporate	corporate	ADJ
cblr-10941	340	16	law	law	NOUN
cblr-10941	340	17	9	9	NUM
cblr-10941	340	18	(	(	PUNCT
cblr-10941	340	19	2d	2d	NOUN
cblr-10941	340	20	ed	ed	NOUN
cblr-10941	340	21	.	.	PROPN
cblr-10941	340	22	1996	1996	NUM
cblr-10941	340	23	)	)	PUNCT
cblr-10941	340	24	(	(	PUNCT
cblr-10941	340	25	“	"	PUNCT
cblr-10941	340	26	another	another	DET
cblr-10941	340	27	way	way	NOUN
cblr-10941	340	28	around	around	ADP
cblr-10941	340	29	the	the	DET
cblr-10941	340	30	difficulty	difficulty	NOUN
cblr-10941	340	31	of	of	ADP
cblr-10941	340	32	monitoring	monitor	VERB
cblr-10941	340	33	the	the	DET
cblr-10941	340	34	work	work	NOUN
cblr-10941	340	35	of	of	ADP
cblr-10941	340	36	the	the	DET
cblr-10941	340	37	firm	firm	NOUN
cblr-10941	340	38	’s	’s	PART
cblr-10941	340	39	employees	employee	NOUN
cblr-10941	340	40	is	be	AUX
cblr-10941	340	41	to	to	PART
cblr-10941	340	42	give	give	VERB
cblr-10941	340	43	each	each	DET
cblr-10941	340	44	the	the	DET
cblr-10941	340	45	right	right	NOUN
cblr-10941	340	46	to	to	ADP
cblr-10941	340	47	some	some	DET
cblr-10941	340	48	profits	profit	NOUN
cblr-10941	340	49	from	from	ADP
cblr-10941	340	50	the	the	DET
cblr-10941	340	51	firm	firm	NOUN
cblr-10941	340	52	’s	’s	PART
cblr-10941	340	53	success	success	NOUN
cblr-10941	340	54	.	.	PUNCT
cblr-10941	341	1	each	each	PRON
cblr-10941	341	2	then	then	ADV
cblr-10941	341	3	will	will	AUX
cblr-10941	341	4	work	work	VERB
cblr-10941	341	5	hard	hard	ADV
cblr-10941	341	6	and	and	CCONJ
cblr-10941	341	7	monitor	monitor	VERB
cblr-10941	341	8	the	the	DET
cblr-10941	341	9	work	work	NOUN
cblr-10941	341	10	of	of	ADP
cblr-10941	341	11	colleagues	colleague	NOUN
cblr-10941	341	12	,	,	PUNCT
cblr-10941	341	13	lest	lest	SCONJ
cblr-10941	341	14	their	their	PRON
cblr-10941	341	15	subpar	subpar	ADJ
cblr-10941	341	16	performance	performance	NOUN
cblr-10941	341	17	reduce	reduce	VERB
cblr-10941	341	18	his	his	PRON
cblr-10941	341	19	rewards	reward	NOUN
cblr-10941	341	20	.	.	PUNCT
cblr-10941	341	21	”	"	PUNCT
cblr-10941	341	22	)	)	PUNCT
cblr-10941	341	23	.	.	PUNCT
cblr-10941	342	1	87	87	NUM
cblr-10941	342	2	see	see	VERB
cblr-10941	342	3	adam	adam	PROPN
cblr-10941	342	4	starr	starr	PROPN
cblr-10941	342	5	,	,	PUNCT
cblr-10941	342	6	the	the	DET
cblr-10941	342	7	employee	employee	NOUN
cblr-10941	342	8	’s	’s	PART
cblr-10941	342	9	idea	idea	NOUN
cblr-10941	342	10	,	,	PUNCT
cblr-10941	342	11	the	the	DET
cblr-10941	342	12	employer	employer	NOUN
cblr-10941	342	13	’s	’s	PART
cblr-10941	342	14	property	property	NOUN
cblr-10941	342	15	:	:	PUNCT
cblr-10941	342	16	how	how	SCONJ
cblr-10941	342	17	to	to	PART
cblr-10941	342	18	capture	capture	VERB
cblr-10941	342	19	employee	employee	NOUN
cblr-10941	342	20	intellectual	intellectual	ADJ
cblr-10941	342	21	property	property	NOUN
cblr-10941	342	22	,	,	PUNCT
cblr-10941	342	23	markowitz	markowitz	PROPN
cblr-10941	342	24	herbold	herbold	PROPN
cblr-10941	342	25	pc	pc	PROPN
cblr-10941	342	26	,	,	PUNCT
cblr-10941	342	27	880	880	NUM
cblr-10941	342	28	columbia	columbia	PROPN
cblr-10941	342	29	business	business	NOUN
cblr-10941	342	30	law	law	PROPN
cblr-10941	342	31	review	review	NOUN
cblr-10941	342	32	[	[	X
cblr-10941	342	33	vol	vol	NOUN
cblr-10941	342	34	.	.	PUNCT
cblr-10941	342	35	2022	2022	NUM
cblr-10941	342	36	modest	modest	ADJ
cblr-10941	342	37	bonus	bonus	NOUN
cblr-10941	342	38	if	if	SCONJ
cblr-10941	342	39	the	the	DET
cblr-10941	342	40	idea	idea	NOUN
cblr-10941	342	41	leads	lead	VERB
cblr-10941	342	42	to	to	ADP
cblr-10941	342	43	a	a	DET
cblr-10941	342	44	patent.88	patent.88	NOUN
cblr-10941	342	45	but	but	CCONJ
cblr-10941	342	46	for	for	ADP
cblr-10941	342	47	the	the	DET
cblr-10941	342	48	most	most	ADJ
cblr-10941	342	49	part	part	NOUN
cblr-10941	342	50	,	,	PUNCT
cblr-10941	342	51	employees	employee	NOUN
cblr-10941	342	52	must	must	AUX
cblr-10941	342	53	hope	hope	VERB
cblr-10941	342	54	that	that	SCONJ
cblr-10941	342	55	their	their	PRON
cblr-10941	342	56	managers	manager	NOUN
cblr-10941	342	57	will	will	AUX
cblr-10941	342	58	take	take	VERB
cblr-10941	342	59	their	their	PRON
cblr-10941	342	60	contribution	contribution	NOUN
cblr-10941	342	61	into	into	ADP
cblr-10941	342	62	account	account	NOUN
cblr-10941	342	63	when	when	SCONJ
cblr-10941	342	64	reviewing	review	VERB
cblr-10941	342	65	compensation	compensation	NOUN
cblr-10941	342	66	.	.	PUNCT
cblr-10941	343	1	the	the	DET
cblr-10941	343	2	dynamic	dynamic	NOUN
cblr-10941	343	3	is	be	AUX
cblr-10941	343	4	like	like	ADP
cblr-10941	343	5	an	an	DET
cblr-10941	343	6	internal	internal	ADJ
cblr-10941	343	7	version	version	NOUN
cblr-10941	343	8	of	of	ADP
cblr-10941	343	9	the	the	DET
cblr-10941	343	10	double	double	ADJ
cblr-10941	343	11	trust	trust	NOUN
cblr-10941	343	12	dilemma	dilemma	NOUN
cblr-10941	343	13	.	.	PUNCT
cblr-10941	344	1	it	it	PRON
cblr-10941	344	2	’s	’	VERB
cblr-10941	344	3	hard	hard	ADV
cblr-10941	344	4	for	for	SCONJ
cblr-10941	344	5	the	the	DET
cblr-10941	344	6	customer	customer	NOUN
cblr-10941	344	7	(	(	PUNCT
cblr-10941	344	8	the	the	DET
cblr-10941	344	9	manager	manager	NOUN
cblr-10941	344	10	)	)	PUNCT
cblr-10941	344	11	to	to	PART
cblr-10941	344	12	value	value	VERB
cblr-10941	344	13	the	the	DET
cblr-10941	344	14	invention	invention	NOUN
cblr-10941	344	15	before	before	SCONJ
cblr-10941	344	16	the	the	DET
cblr-10941	344	17	seller	seller	NOUN
cblr-10941	344	18	(	(	PUNCT
cblr-10941	344	19	the	the	DET
cblr-10941	344	20	employee	employee	NOUN
cblr-10941	344	21	)	)	PUNCT
cblr-10941	344	22	discloses	disclose	VERB
cblr-10941	344	23	it	it	PRON
cblr-10941	344	24	.	.	PUNCT
cblr-10941	345	1	but	but	CCONJ
cblr-10941	345	2	once	once	SCONJ
cblr-10941	345	3	the	the	DET
cblr-10941	345	4	employee	employee	NOUN
cblr-10941	345	5	discloses	disclose	VERB
cblr-10941	345	6	,	,	PUNCT
cblr-10941	345	7	the	the	DET
cblr-10941	345	8	manager	manager	NOUN
cblr-10941	345	9	can	can	AUX
cblr-10941	345	10	exploit	exploit	VERB
cblr-10941	345	11	the	the	DET
cblr-10941	345	12	invention	invention	NOUN
cblr-10941	345	13	without	without	ADP
cblr-10941	345	14	providing	provide	VERB
cblr-10941	345	15	additional	additional	ADJ
cblr-10941	345	16	compensation	compensation	NOUN
cblr-10941	345	17	to	to	ADP
cblr-10941	345	18	the	the	DET
cblr-10941	345	19	employee	employee	NOUN
cblr-10941	345	20	.	.	PUNCT
cblr-10941	346	1	therefore	therefore	ADV
cblr-10941	346	2	,	,	PUNCT
cblr-10941	346	3	an	an	DET
cblr-10941	346	4	individual	individual	ADJ
cblr-10941	346	5	employee	employee	NOUN
cblr-10941	346	6	’s	’s	PART
cblr-10941	346	7	motivation	motivation	NOUN
cblr-10941	346	8	to	to	PART
cblr-10941	346	9	develop	develop	VERB
cblr-10941	346	10	and	and	CCONJ
cblr-10941	346	11	share	share	VERB
cblr-10941	346	12	inventions	invention	NOUN
cblr-10941	346	13	is	be	AUX
cblr-10941	346	14	relatively	relatively	ADV
cblr-10941	346	15	weak	weak	ADJ
cblr-10941	346	16	.	.	PUNCT
cblr-10941	347	1	the	the	DET
cblr-10941	347	2	manager	manager	NOUN
cblr-10941	347	3	could	could	AUX
cblr-10941	347	4	motivate	motivate	VERB
cblr-10941	347	5	employees	employee	NOUN
cblr-10941	347	6	to	to	PART
cblr-10941	347	7	develop	develop	VERB
cblr-10941	347	8	innovative	innovative	ADJ
cblr-10941	347	9	ideas	idea	NOUN
cblr-10941	347	10	by	by	ADP
cblr-10941	347	11	assigning	assign	VERB
cblr-10941	347	12	internal	internal	ADJ
cblr-10941	347	13	property	property	NOUN
cblr-10941	347	14	rights	right	NOUN
cblr-10941	347	15	to	to	ADP
cblr-10941	347	16	employees	employee	NOUN
cblr-10941	347	17	’	’	PART
cblr-10941	347	18	work	work	NOUN
cblr-10941	347	19	-	-	PUNCT
cblr-10941	347	20	related	relate	VERB
cblr-10941	347	21	inventions	invention	NOUN
cblr-10941	347	22	.	.	PUNCT
cblr-10941	348	1	but	but	CCONJ
cblr-10941	348	2	this	this	PRON
cblr-10941	348	3	would	would	AUX
cblr-10941	348	4	create	create	VERB
cblr-10941	348	5	a	a	DET
cblr-10941	348	6	perverse	perverse	ADJ
cblr-10941	348	7	incentive	incentive	NOUN
cblr-10941	348	8	for	for	SCONJ
cblr-10941	348	9	employees	employee	NOUN
cblr-10941	348	10	to	to	PART
cblr-10941	348	11	attempt	attempt	VERB
cblr-10941	348	12	to	to	PART
cblr-10941	348	13	“	"	PUNCT
cblr-10941	348	14	perfect	perfect	VERB
cblr-10941	348	15	”	"	PUNCT
cblr-10941	348	16	their	their	PRON
cblr-10941	348	17	internal	internal	ADJ
cblr-10941	348	18	property	property	NOUN
cblr-10941	348	19	rights	right	NOUN
cblr-10941	348	20	by	by	ADP
cblr-10941	348	21	hoarding	hoard	VERB
cblr-10941	348	22	information	information	NOUN
cblr-10941	348	23	related	relate	VERB
cblr-10941	348	24	to	to	ADP
cblr-10941	348	25	their	their	PRON
cblr-10941	348	26	inventions.89	inventions.89	NOUN
cblr-10941	348	27	these	these	DET
cblr-10941	348	28	hoarding	hoarding	NOUN
cblr-10941	348	29	activities	activity	NOUN
cblr-10941	348	30	would	would	AUX
cblr-10941	348	31	divert	divert	VERB
cblr-10941	348	32	the	the	DET
cblr-10941	348	33	employees	employee	NOUN
cblr-10941	348	34	from	from	ADP
cblr-10941	348	35	their	their	PRON
cblr-10941	348	36	own	own	ADJ
cblr-10941	348	37	productive	productive	ADJ
cblr-10941	348	38	work	work	NOUN
cblr-10941	348	39	and	and	CCONJ
cblr-10941	348	40	limit	limit	VERB
cblr-10941	348	41	the	the	DET
cblr-10941	348	42	productivity	productivity	NOUN
cblr-10941	348	43	of	of	ADP
cblr-10941	348	44	other	other	ADJ
cblr-10941	348	45	employees	employee	NOUN
cblr-10941	348	46	,	,	PUNCT
cblr-10941	348	47	who	who	PRON
cblr-10941	348	48	could	could	AUX
cblr-10941	348	49	no	no	ADV
cblr-10941	348	50	longer	long	ADV
cblr-10941	348	51	benefit	benefit	VERB
cblr-10941	348	52	from	from	ADP
cblr-10941	348	53	the	the	DET
cblr-10941	348	54	hoarded	hoard	VERB
cblr-10941	348	55	information.90	information.90	NOUN
cblr-10941	348	56	therefore	therefore	ADV
cblr-10941	348	57	,	,	PUNCT
cblr-10941	348	58	companies	company	NOUN
cblr-10941	348	59	do	do	AUX
cblr-10941	348	60	n’t	not	PART
cblr-10941	348	61	assign	assign	VERB
cblr-10941	348	62	internal	internal	ADJ
cblr-10941	348	63	property	property	NOUN
cblr-10941	348	64	rights	right	NOUN
cblr-10941	348	65	,	,	PUNCT
cblr-10941	348	66	and	and	CCONJ
cblr-10941	348	67	employees	employee	NOUN
cblr-10941	348	68	with	with	ADP
cblr-10941	348	69	innovative	innovative	ADJ
cblr-10941	348	70	ideas	idea	NOUN
cblr-10941	348	71	often	often	ADV
cblr-10941	348	72	leave	leave	VERB
cblr-10941	348	73	for	for	ADP
cblr-10941	348	74	startups	startup	NOUN
cblr-10941	348	75	.	.	PUNCT
cblr-10941	349	1	even	even	ADV
cblr-10941	349	2	when	when	SCONJ
cblr-10941	349	3	an	an	DET
cblr-10941	349	4	employee	employee	NOUN
cblr-10941	349	5	shares	share	VERB
cblr-10941	349	6	an	an	DET
cblr-10941	349	7	invention	invention	NOUN
cblr-10941	349	8	and	and	CCONJ
cblr-10941	349	9	the	the	DET
cblr-10941	349	10	manager	manager	NOUN
cblr-10941	349	11	decides	decide	VERB
cblr-10941	349	12	to	to	PART
cblr-10941	349	13	fund	fund	VERB
cblr-10941	349	14	a	a	DET
cblr-10941	349	15	project	project	NOUN
cblr-10941	349	16	to	to	PART
cblr-10941	349	17	commercialize	commercialize	VERB
cblr-10941	349	18	it	it	PRON
cblr-10941	349	19	,	,	PUNCT
cblr-10941	349	20	the	the	DET
cblr-10941	349	21	manager	manager	NOUN
cblr-10941	349	22	still	still	ADV
cblr-10941	349	23	must	must	AUX
cblr-10941	349	24	figure	figure	VERB
cblr-10941	349	25	out	out	ADP
cblr-10941	349	26	how	how	SCONJ
cblr-10941	349	27	to	to	PART
cblr-10941	349	28	create	create	VERB
cblr-10941	349	29	strong	strong	ADJ
cblr-10941	349	30	incentives	incentive	NOUN
cblr-10941	349	31	to	to	PART
cblr-10941	349	32	motivate	motivate	VERB
cblr-10941	349	33	the	the	DET
cblr-10941	349	34	employees	employee	NOUN
cblr-10941	349	35	to	to	PART
cblr-10941	349	36	turn	turn	VERB
cblr-10941	349	37	the	the	DET
cblr-10941	349	38	invention	invention	NOUN
cblr-10941	349	39	into	into	ADP
cblr-10941	349	40	a	a	DET
cblr-10941	349	41	product	product	NOUN
cblr-10941	349	42	.	.	PUNCT
cblr-10941	350	1	the	the	DET
cblr-10941	350	2	opportunity	opportunity	NOUN
cblr-10941	350	3	to	to	PART
cblr-10941	350	4	earn	earn	VERB
cblr-10941	350	5	additional	additional	ADJ
cblr-10941	350	6	compensation	compensation	NOUN
cblr-10941	350	7	for	for	ADP
cblr-10941	350	8	work	work	NOUN
cblr-10941	350	9	on	on	ADP
cblr-10941	350	10	https://www.markowitzherbold.com/the-employee-s-idea-the-employer-sproperty-how-to-capture-employee-intellectual-property	https://www.markowitzherbold.com/the-employee-s-idea-the-employer-sproperty-how-to-capture-employee-intellectual-property	PROPN
cblr-10941	350	11	[	[	X
cblr-10941	350	12	https://perma.cc/59sj-pqpq	https://perma.cc/59sj-pqpq	X
cblr-10941	350	13	]	]	X
cblr-10941	350	14	(	(	PUNCT
cblr-10941	350	15	last	last	ADJ
cblr-10941	350	16	visited	visit	VERB
cblr-10941	350	17	feb	feb	PROPN
cblr-10941	350	18	.	.	PROPN
cblr-10941	350	19	5	5	NUM
cblr-10941	350	20	,	,	PUNCT
cblr-10941	350	21	2023	2023	NUM
cblr-10941	350	22	)	)	PUNCT
cblr-10941	350	23	;	;	PUNCT
cblr-10941	350	24	tina	tina	PROPN
cblr-10941	350	25	a.	a.	PROPN
cblr-10941	350	26	syring	syring	PROPN
cblr-10941	350	27	&	&	CCONJ
cblr-10941	350	28	felicia	felicia	PROPN
cblr-10941	350	29	j.	j.	PROPN
cblr-10941	350	30	boyd	boyd	PROPN
cblr-10941	350	31	,	,	PUNCT
cblr-10941	350	32	employer	employer	NOUN
cblr-10941	350	33	and	and	CCONJ
cblr-10941	350	34	employee	employee	NOUN
cblr-10941	350	35	ownership	ownership	NOUN
cblr-10941	350	36	of	of	ADP
cblr-10941	350	37	intellectual	intellectual	ADJ
cblr-10941	350	38	property	property	NOUN
cblr-10941	350	39	:	:	PUNCT
cblr-10941	350	40	not	not	PART
cblr-10941	350	41	as	as	ADV
cblr-10941	350	42	easy	easy	ADJ
cblr-10941	350	43	as	as	SCONJ
cblr-10941	350	44	you	you	PRON
cblr-10941	350	45	think	think	VERB
cblr-10941	350	46	,	,	PUNCT
cblr-10941	350	47	thomson	thomson	PROPN
cblr-10941	350	48	reuters	reuters	PROPN
cblr-10941	350	49	(	(	PUNCT
cblr-10941	350	50	dec	dec	PROPN
cblr-10941	350	51	.	.	PROPN
cblr-10941	350	52	2014	2014	NUM
cblr-10941	350	53	)	)	PUNCT
cblr-10941	350	54	,	,	PUNCT
cblr-10941	350	55	https://store.legal.thomsonreuters.com/law-products/news-views/corporatecounsel/employer-and-employee-ownership-of-intellectual-property-not-aseasy-as-you-think	https://store.legal.thomsonreuters.com/law-products/news-views/corporatecounsel/employer-and-employee-ownership-of-intellectual-property-not-aseasy-as-you-think	VERB
cblr-10941	350	56	[	[	X
cblr-10941	350	57	https://perma.cc/k6x9-44gj	https://perma.cc/k6x9-44gj	X
cblr-10941	350	58	]	]	X
cblr-10941	350	59	.	.	PUNCT
cblr-10941	351	1	88	88	NUM
cblr-10941	351	2	see	see	VERB
cblr-10941	351	3	seth	seth	PROPN
cblr-10941	351	4	fiegerman	fiegerman	PROPN
cblr-10941	351	5	,	,	PUNCT
cblr-10941	351	6	in	in	ADP
cblr-10941	351	7	tech	tech	NOUN
cblr-10941	351	8	,	,	PUNCT
cblr-10941	351	9	patents	patent	NOUN
cblr-10941	351	10	are	be	AUX
cblr-10941	351	11	trophies	trophy	NOUN
cblr-10941	351	12	—	—	PUNCT
cblr-10941	351	13	and	and	CCONJ
cblr-10941	351	14	these	these	DET
cblr-10941	351	15	companies	company	NOUN
cblr-10941	351	16	are	be	AUX
cblr-10941	351	17	dominating	dominate	VERB
cblr-10941	351	18	,	,	PUNCT
cblr-10941	351	19	cnn	cnn	PROPN
cblr-10941	351	20	(	(	PUNCT
cblr-10941	351	21	june	june	PROPN
cblr-10941	351	22	19	19	NUM
cblr-10941	351	23	,	,	PUNCT
cblr-10941	351	24	2018	2018	NUM
cblr-10941	351	25	,	,	PUNCT
cblr-10941	351	26	2:04	2:04	NUM
cblr-10941	351	27	pm	pm	NOUN
cblr-10941	351	28	)	)	PUNCT
cblr-10941	351	29	,	,	PUNCT
cblr-10941	351	30	https://money.cnn.com/2018/06/19/technology/tech-patents/index.html	https://money.cnn.com/2018/06/19/technology/tech-patents/index.html	PROPN
cblr-10941	352	1	[	[	X
cblr-10941	352	2	https://perma.cc/fa5g-aenb	https://perma.cc/fa5g-aenb	PROPN
cblr-10941	352	3	]	]	PUNCT
cblr-10941	352	4	.	.	PUNCT
cblr-10941	353	1	89	89	NUM
cblr-10941	353	2	see	see	VERB
cblr-10941	353	3	bankman	bankman	PROPN
cblr-10941	353	4	&	&	CCONJ
cblr-10941	353	5	gilson	gilson	PROPN
cblr-10941	353	6	,	,	PUNCT
cblr-10941	353	7	supra	supra	PROPN
cblr-10941	353	8	note	note	PROPN
cblr-10941	353	9	18	18	NUM
cblr-10941	353	10	,	,	PUNCT
cblr-10941	353	11	at	at	ADP
cblr-10941	353	12	303–04	303–04	NUM
cblr-10941	353	13	.	.	PUNCT
cblr-10941	354	1	90	90	NUM
cblr-10941	354	2	see	see	VERB
cblr-10941	354	3	i	i	PRON
cblr-10941	354	4	d.	d.	PROPN
cblr-10941	354	5	at	at	ADP
cblr-10941	354	6	304	304	NUM
cblr-10941	354	7	.	.	PUNCT
cblr-10941	355	1	no	no	INTJ
cblr-10941	355	2	.	.	PUNCT
cblr-10941	356	1	2:859	2:859	NUM
cblr-10941	356	2	]	]	PUNCT
cblr-10941	356	3	moonshots	moonshot	NOUN
cblr-10941	356	4	881	881	NUM
cblr-10941	356	5	the	the	DET
cblr-10941	356	6	innovation	innovation	NOUN
cblr-10941	356	7	project	project	NOUN
cblr-10941	356	8	might	might	AUX
cblr-10941	356	9	distort	distort	VERB
cblr-10941	356	10	how	how	SCONJ
cblr-10941	356	11	employees	employee	NOUN
cblr-10941	356	12	allocate	allocate	VERB
cblr-10941	356	13	their	their	PRON
cblr-10941	356	14	time	time	NOUN
cblr-10941	356	15	.	.	PUNCT
cblr-10941	357	1	they	they	PRON
cblr-10941	357	2	might	might	AUX
cblr-10941	357	3	neglect	neglect	VERB
cblr-10941	357	4	preexisting	preexist	VERB
cblr-10941	357	5	projects	project	NOUN
cblr-10941	357	6	,	,	PUNCT
cblr-10941	357	7	for	for	ADP
cblr-10941	357	8	which	which	PRON
cblr-10941	357	9	strong	strong	ADJ
cblr-10941	357	10	incentives	incentive	NOUN
cblr-10941	357	11	are	be	AUX
cblr-10941	357	12	n’t	not	PART
cblr-10941	357	13	available.91	available.91	NOUN
cblr-10941	357	14	even	even	ADV
cblr-10941	357	15	if	if	SCONJ
cblr-10941	357	16	the	the	DET
cblr-10941	357	17	employees	employee	NOUN
cblr-10941	357	18	assigned	assign	VERB
cblr-10941	357	19	to	to	ADP
cblr-10941	357	20	the	the	DET
cblr-10941	357	21	innovation	innovation	NOUN
cblr-10941	357	22	project	project	NOUN
cblr-10941	357	23	work	work	VERB
cblr-10941	357	24	exclusively	exclusively	ADV
cblr-10941	357	25	on	on	ADP
cblr-10941	357	26	that	that	DET
cblr-10941	357	27	project	project	NOUN
cblr-10941	357	28	and	and	CCONJ
cblr-10941	357	29	are	be	AUX
cblr-10941	357	30	walled	wall	VERB
cblr-10941	357	31	off	off	ADP
cblr-10941	357	32	in	in	ADP
cblr-10941	357	33	a	a	DET
cblr-10941	357	34	separate	separate	ADJ
cblr-10941	357	35	division	division	NOUN
cblr-10941	357	36	,	,	PUNCT
cblr-10941	357	37	the	the	DET
cblr-10941	357	38	strong	strong	ADJ
cblr-10941	357	39	incentives	incentive	NOUN
cblr-10941	357	40	might	might	AUX
cblr-10941	357	41	arouse	arouse	VERB
cblr-10941	357	42	the	the	DET
cblr-10941	357	43	jealousy	jealousy	NOUN
cblr-10941	357	44	of	of	ADP
cblr-10941	357	45	employees	employee	NOUN
cblr-10941	357	46	working	work	VERB
cblr-10941	357	47	on	on	ADP
cblr-10941	357	48	more	more	ADV
cblr-10941	357	49	routine	routine	ADJ
cblr-10941	357	50	projects.92	projects.92	PROPN
cblr-10941	357	51	savvy	savvy	PROPN
cblr-10941	357	52	employees	employee	NOUN
cblr-10941	357	53	outside	outside	ADP
cblr-10941	357	54	the	the	DET
cblr-10941	357	55	innovation	innovation	NOUN
cblr-10941	357	56	division	division	NOUN
cblr-10941	357	57	might	might	AUX
cblr-10941	357	58	lobby	lobby	VERB
cblr-10941	357	59	for	for	ADP
cblr-10941	357	60	a	a	DET
cblr-10941	357	61	transfer	transfer	NOUN
cblr-10941	357	62	.	.	PUNCT
cblr-10941	358	1	companies	company	NOUN
cblr-10941	358	2	try	try	VERB
cblr-10941	358	3	to	to	PART
cblr-10941	358	4	avoid	avoid	VERB
cblr-10941	358	5	radically	radically	ADV
cblr-10941	358	6	different	different	ADJ
cblr-10941	358	7	compensation	compensation	NOUN
cblr-10941	358	8	schemes	scheme	NOUN
cblr-10941	358	9	for	for	ADP
cblr-10941	358	10	employees	employee	NOUN
cblr-10941	358	11	at	at	ADP
cblr-10941	358	12	the	the	DET
cblr-10941	358	13	same	same	ADJ
cblr-10941	358	14	level	level	NOUN
cblr-10941	358	15	of	of	ADP
cblr-10941	358	16	experience	experience	NOUN
cblr-10941	358	17	or	or	CCONJ
cblr-10941	358	18	responsibility	responsibility	NOUN
cblr-10941	358	19	.	.	PUNCT
cblr-10941	359	1	the	the	DET
cblr-10941	359	2	manager	manager	NOUN
cblr-10941	359	3	would	would	AUX
cblr-10941	359	4	also	also	ADV
cblr-10941	359	5	need	need	VERB
cblr-10941	359	6	to	to	PART
cblr-10941	359	7	assess	assess	VERB
cblr-10941	359	8	each	each	DET
cblr-10941	359	9	employee	employee	NOUN
cblr-10941	359	10	’s	’s	PART
cblr-10941	359	11	contribution	contribution	NOUN
cblr-10941	359	12	to	to	PART
cblr-10941	359	13	divvy	divvy	VERB
cblr-10941	359	14	up	up	ADP
cblr-10941	359	15	the	the	DET
cblr-10941	359	16	payout	payout	NOUN
cblr-10941	359	17	.	.	PUNCT
cblr-10941	360	1	with	with	ADP
cblr-10941	360	2	more	more	ADJ
cblr-10941	360	3	conventional	conventional	ADJ
cblr-10941	360	4	projects	project	NOUN
cblr-10941	360	5	,	,	PUNCT
cblr-10941	360	6	the	the	DET
cblr-10941	360	7	manager	manager	NOUN
cblr-10941	360	8	knows	know	VERB
cblr-10941	360	9	how	how	SCONJ
cblr-10941	360	10	to	to	PART
cblr-10941	360	11	evaluate	evaluate	VERB
cblr-10941	360	12	employee	employee	NOUN
cblr-10941	360	13	performance	performance	NOUN
cblr-10941	360	14	.	.	PUNCT
cblr-10941	361	1	she	she	PRON
cblr-10941	361	2	can	can	AUX
cblr-10941	361	3	look	look	VERB
cblr-10941	361	4	at	at	ADP
cblr-10941	361	5	the	the	DET
cblr-10941	361	6	quarterly	quarterly	ADJ
cblr-10941	361	7	sales	sale	NOUN
cblr-10941	361	8	figures	figure	NOUN
cblr-10941	361	9	,	,	PUNCT
cblr-10941	361	10	see	see	VERB
cblr-10941	361	11	if	if	SCONJ
cblr-10941	361	12	the	the	DET
cblr-10941	361	13	expenses	expense	NOUN
cblr-10941	361	14	were	be	AUX
cblr-10941	361	15	under	under	ADP
cblr-10941	361	16	budget	budget	NOUN
cblr-10941	361	17	,	,	PUNCT
cblr-10941	361	18	or	or	CCONJ
cblr-10941	361	19	call	call	VERB
cblr-10941	361	20	up	up	ADP
cblr-10941	361	21	customers	customer	NOUN
cblr-10941	361	22	to	to	PART
cblr-10941	361	23	see	see	VERB
cblr-10941	361	24	if	if	SCONJ
cblr-10941	361	25	they	they	PRON
cblr-10941	361	26	are	be	AUX
cblr-10941	361	27	satisfied	satisfied	ADJ
cblr-10941	361	28	.	.	PUNCT
cblr-10941	362	1	but	but	CCONJ
cblr-10941	362	2	with	with	ADP
cblr-10941	362	3	an	an	DET
cblr-10941	362	4	innovation	innovation	NOUN
cblr-10941	362	5	project	project	NOUN
cblr-10941	362	6	,	,	PUNCT
cblr-10941	362	7	information	information	NOUN
cblr-10941	362	8	asymmetries	asymmetry	NOUN
cblr-10941	362	9	complicate	complicate	VERB
cblr-10941	362	10	the	the	DET
cblr-10941	362	11	manager	manager	NOUN
cblr-10941	362	12	’s	’s	PART
cblr-10941	362	13	task	task	NOUN
cblr-10941	362	14	.	.	PUNCT
cblr-10941	363	1	the	the	DET
cblr-10941	363	2	combination	combination	NOUN
cblr-10941	363	3	of	of	ADP
cblr-10941	363	4	the	the	DET
cblr-10941	363	5	strong	strong	ADJ
cblr-10941	363	6	incentives	incentive	NOUN
cblr-10941	363	7	needed	need	VERB
cblr-10941	363	8	to	to	PART
cblr-10941	363	9	motivate	motivate	VERB
cblr-10941	363	10	the	the	DET
cblr-10941	363	11	employees	employee	NOUN
cblr-10941	363	12	and	and	CCONJ
cblr-10941	363	13	the	the	DET
cblr-10941	363	14	difficulty	difficulty	NOUN
cblr-10941	363	15	of	of	ADP
cblr-10941	363	16	assessing	assess	VERB
cblr-10941	363	17	each	each	DET
cblr-10941	363	18	employee	employee	NOUN
cblr-10941	363	19	’s	’s	PART
cblr-10941	363	20	contribution	contribution	NOUN
cblr-10941	363	21	creates	create	VERB
cblr-10941	363	22	the	the	DET
cblr-10941	363	23	risk	risk	NOUN
cblr-10941	363	24	that	that	SCONJ
cblr-10941	363	25	employees	employee	NOUN
cblr-10941	363	26	will	will	AUX
cblr-10941	363	27	engage	engage	VERB
cblr-10941	363	28	in	in	ADP
cblr-10941	363	29	wasteful	wasteful	ADJ
cblr-10941	363	30	“	"	PUNCT
cblr-10941	363	31	influence	influence	NOUN
cblr-10941	363	32	activities	activity	NOUN
cblr-10941	363	33	.	.	PUNCT
cblr-10941	364	1	”93	”93	ADJ
cblr-10941	364	2	employees	employee	NOUN
cblr-10941	364	3	might	might	AUX
cblr-10941	364	4	,	,	PUNCT
cblr-10941	364	5	for	for	ADP
cblr-10941	364	6	example	example	NOUN
cblr-10941	364	7	,	,	PUNCT
cblr-10941	364	8	selectively	selectively	ADV
cblr-10941	364	9	conceal	conceal	VERB
cblr-10941	364	10	information	information	NOUN
cblr-10941	364	11	to	to	PART
cblr-10941	364	12	increase	increase	VERB
cblr-10941	364	13	their	their	PRON
cblr-10941	364	14	share	share	NOUN
cblr-10941	364	15	of	of	ADP
cblr-10941	364	16	the	the	DET
cblr-10941	364	17	credit.94	credit.94	NOUN
cblr-10941	364	18	the	the	DET
cblr-10941	364	19	manager	manager	NOUN
cblr-10941	364	20	may	may	AUX
cblr-10941	364	21	mistakenly	mistakenly	ADV
cblr-10941	364	22	reward	reward	VERB
cblr-10941	364	23	the	the	DET
cblr-10941	364	24	employees	employee	NOUN
cblr-10941	364	25	who	who	PRON
cblr-10941	364	26	are	be	AUX
cblr-10941	364	27	most	most	ADV
cblr-10941	364	28	skilled	skilled	ADJ
cblr-10941	364	29	at	at	ADP
cblr-10941	364	30	influencing	influence	VERB
cblr-10941	364	31	,	,	PUNCT
cblr-10941	364	32	rather	rather	ADV
cblr-10941	364	33	than	than	ADP
cblr-10941	364	34	those	those	PRON
cblr-10941	364	35	who	who	PRON
cblr-10941	364	36	have	have	AUX
cblr-10941	364	37	contributed	contribute	VERB
cblr-10941	364	38	the	the	DET
cblr-10941	364	39	most	most	ADJ
cblr-10941	364	40	to	to	ADP
cblr-10941	364	41	the	the	DET
cblr-10941	364	42	project.95	project.95	NOUN
cblr-10941	364	43	when	when	SCONJ
cblr-10941	364	44	managers	manager	NOUN
cblr-10941	364	45	anticipate	anticipate	VERB
cblr-10941	364	46	the	the	DET
cblr-10941	364	47	risk	risk	NOUN
cblr-10941	364	48	of	of	ADP
cblr-10941	364	49	influence	influence	NOUN
cblr-10941	364	50	activities	activity	NOUN
cblr-10941	364	51	,	,	PUNCT
cblr-10941	364	52	they	they	PRON
cblr-10941	364	53	may	may	AUX
cblr-10941	364	54	standardize	standardize	VERB
cblr-10941	364	55	compensation	compensation	NOUN
cblr-10941	364	56	or	or	CCONJ
cblr-10941	364	57	adopt	adopt	VERB
cblr-10941	364	58	policies	policy	NOUN
cblr-10941	364	59	to	to	PART
cblr-10941	364	60	limit	limit	VERB
cblr-10941	364	61	the	the	DET
cblr-10941	364	62	kinds	kind	NOUN
cblr-10941	364	63	of	of	ADP
cblr-10941	364	64	information	information	NOUN
cblr-10941	364	65	they	they	PRON
cblr-10941	364	66	will	will	AUX
cblr-10941	364	67	use	use	VERB
cblr-10941	364	68	in	in	ADP
cblr-10941	364	69	evaluating	evaluate	VERB
cblr-10941	364	70	performance.96	performance.96	PROPN
cblr-10941	364	71	both	both	DET
cblr-10941	364	72	91	91	NUM
cblr-10941	364	73	see	see	VERB
cblr-10941	364	74	holmstrom	holmstrom	PROPN
cblr-10941	364	75	,	,	PUNCT
cblr-10941	364	76	supra	supra	PROPN
cblr-10941	364	77	note	note	NOUN
cblr-10941	364	78	74	74	NUM
cblr-10941	364	79	,	,	PUNCT
cblr-10941	364	80	at	at	ADP
cblr-10941	364	81	314	314	NUM
cblr-10941	364	82	.	.	PUNCT
cblr-10941	365	1	92	92	NUM
cblr-10941	365	2	see	see	VERB
cblr-10941	365	3	bankman	bankman	PROPN
cblr-10941	365	4	&	&	CCONJ
cblr-10941	365	5	gilson	gilson	PROPN
cblr-10941	365	6	,	,	PUNCT
cblr-10941	365	7	supra	supra	PROPN
cblr-10941	365	8	note	note	PROPN
cblr-10941	365	9	18	18	NUM
cblr-10941	365	10	,	,	PUNCT
cblr-10941	365	11	at	at	ADP
cblr-10941	365	12	301–02	301–02	NUM
cblr-10941	365	13	(	(	PUNCT
cblr-10941	365	14	“	"	PUNCT
cblr-10941	365	15	given	give	VERB
cblr-10941	365	16	employees	employee	NOUN
cblr-10941	365	17	’	'	PUNCT
cblr-10941	365	18	marked	mark	VERB
cblr-10941	365	19	tendency	tendency	NOUN
cblr-10941	365	20	to	to	PART
cblr-10941	365	21	overestimate	overestimate	VERB
cblr-10941	365	22	their	their	PRON
cblr-10941	365	23	own	own	ADJ
cblr-10941	365	24	performance	performance	NOUN
cblr-10941	365	25	,	,	PUNCT
cblr-10941	365	26	providing	provide	VERB
cblr-10941	365	27	intense	intense	ADJ
cblr-10941	365	28	incentives	incentive	NOUN
cblr-10941	365	29	achievable	achievable	ADJ
cblr-10941	365	30	by	by	ADP
cblr-10941	365	31	only	only	ADV
cblr-10941	365	32	some	some	DET
cblr-10941	365	33	employees	employee	NOUN
cblr-10941	365	34	can	can	AUX
cblr-10941	365	35	result	result	VERB
cblr-10941	365	36	in	in	ADP
cblr-10941	365	37	a	a	DET
cblr-10941	365	38	perception	perception	NOUN
cblr-10941	365	39	of	of	ADP
cblr-10941	365	40	unfairness	unfairness	NOUN
cblr-10941	365	41	by	by	ADP
cblr-10941	365	42	other	other	ADJ
cblr-10941	365	43	employees	employee	NOUN
cblr-10941	365	44	.	.	PUNCT
cblr-10941	366	1	this	this	DET
cblr-10941	366	2	results	result	NOUN
cblr-10941	366	3	in	in	ADP
cblr-10941	366	4	decreased	decrease	VERB
cblr-10941	366	5	productivity	productivity	NOUN
cblr-10941	366	6	by	by	ADP
cblr-10941	366	7	the	the	DET
cblr-10941	366	8	demoralized	demoralized	ADJ
cblr-10941	366	9	workers	worker	NOUN
cblr-10941	366	10	.	.	PUNCT
cblr-10941	366	11	”	"	PUNCT
cblr-10941	366	12	)	)	PUNCT
cblr-10941	366	13	.	.	PUNCT
cblr-10941	367	1	93	93	NUM
cblr-10941	367	2	paul	paul	PROPN
cblr-10941	367	3	milgrom	milgrom	PROPN
cblr-10941	367	4	&	&	CCONJ
cblr-10941	367	5	john	john	PROPN
cblr-10941	367	6	roberts	roberts	PROPN
cblr-10941	367	7	,	,	PUNCT
cblr-10941	367	8	an	an	DET
cblr-10941	367	9	economic	economic	ADJ
cblr-10941	367	10	approach	approach	NOUN
cblr-10941	367	11	to	to	ADP
cblr-10941	367	12	influence	influence	NOUN
cblr-10941	367	13	activities	activity	NOUN
cblr-10941	367	14	in	in	ADP
cblr-10941	367	15	organizations	organization	NOUN
cblr-10941	367	16	,	,	PUNCT
cblr-10941	367	17	94	94	NUM
cblr-10941	367	18	am	am	NOUN
cblr-10941	367	19	.	.	PUNCT
cblr-10941	368	1	j.	j.	PROPN
cblr-10941	368	2	soc	soc	PROPN
cblr-10941	368	3	.	.	PUNCT
cblr-10941	369	1	154	154	NUM
cblr-10941	369	2	,	,	PUNCT
cblr-10941	369	3	156–57	156–57	NUM
cblr-10941	369	4	(	(	PUNCT
cblr-10941	369	5	1988	1988	NUM
cblr-10941	369	6	)	)	PUNCT
cblr-10941	369	7	.	.	PUNCT
cblr-10941	370	1	94	94	NUM
cblr-10941	370	2	see	see	VERB
cblr-10941	370	3	i	i	PRON
cblr-10941	370	4	d.	d.	PROPN
cblr-10941	370	5	at	at	ADP
cblr-10941	370	6	156	156	NUM
cblr-10941	370	7	.	.	PUNCT
cblr-10941	371	1	95	95	NUM
cblr-10941	371	2	see	see	VERB
cblr-10941	371	3	i	i	PRON
cblr-10941	371	4	d.	d.	PROPN
cblr-10941	371	5	96	96	NUM
cblr-10941	371	6	see	see	VERB
cblr-10941	371	7	i	i	PRON
cblr-10941	371	8	d.	d.	PROPN
cblr-10941	371	9	at	at	ADP
cblr-10941	371	10	157–58	157–58	PROPN
cblr-10941	371	11	.	.	PUNCT
cblr-10941	372	1	882	882	NUM
cblr-10941	372	2	columbia	columbia	PROPN
cblr-10941	372	3	business	business	NOUN
cblr-10941	372	4	law	law	PROPN
cblr-10941	372	5	review	review	NOUN
cblr-10941	372	6	[	[	X
cblr-10941	372	7	vol	vol	NOUN
cblr-10941	372	8	.	.	PUNCT
cblr-10941	372	9	2022	2022	NUM
cblr-10941	372	10	of	of	ADP
cblr-10941	372	11	these	these	DET
cblr-10941	372	12	responses	response	NOUN
cblr-10941	372	13	make	make	VERB
cblr-10941	372	14	it	it	PRON
cblr-10941	372	15	harder	hard	ADJ
cblr-10941	372	16	to	to	PART
cblr-10941	372	17	create	create	VERB
cblr-10941	372	18	the	the	DET
cblr-10941	372	19	right	right	ADJ
cblr-10941	372	20	incentives	incentive	NOUN
cblr-10941	372	21	for	for	ADP
cblr-10941	372	22	innovation	innovation	NOUN
cblr-10941	372	23	.	.	PUNCT
cblr-10941	373	1	in	in	ADP
cblr-10941	373	2	addition	addition	NOUN
cblr-10941	373	3	to	to	ADP
cblr-10941	373	4	measuring	measure	VERB
cblr-10941	373	5	each	each	DET
cblr-10941	373	6	employee	employee	NOUN
cblr-10941	373	7	’s	’s	PART
cblr-10941	373	8	contribution	contribution	NOUN
cblr-10941	373	9	,	,	PUNCT
cblr-10941	373	10	the	the	DET
cblr-10941	373	11	manager	manager	NOUN
cblr-10941	373	12	would	would	AUX
cblr-10941	373	13	need	need	VERB
cblr-10941	373	14	to	to	PART
cblr-10941	373	15	value	value	VERB
cblr-10941	373	16	the	the	DET
cblr-10941	373	17	project	project	NOUN
cblr-10941	373	18	as	as	ADP
cblr-10941	373	19	a	a	DET
cblr-10941	373	20	whole	whole	NOUN
cblr-10941	373	21	.	.	PUNCT
cblr-10941	374	1	this	this	PRON
cblr-10941	374	2	is	be	AUX
cblr-10941	374	3	a	a	DET
cblr-10941	374	4	hard	hard	ADJ
cblr-10941	374	5	problem	problem	NOUN
cblr-10941	374	6	because	because	SCONJ
cblr-10941	374	7	there	there	PRON
cblr-10941	374	8	is	be	VERB
cblr-10941	374	9	no	no	DET
cblr-10941	374	10	market	market	NOUN
cblr-10941	374	11	value	value	NOUN
cblr-10941	374	12	for	for	ADP
cblr-10941	374	13	the	the	DET
cblr-10941	374	14	project.97	project.97	NOUN
cblr-10941	374	15	the	the	DET
cblr-10941	374	16	manager	manager	NOUN
cblr-10941	374	17	could	could	AUX
cblr-10941	374	18	compensate	compensate	VERB
cblr-10941	374	19	the	the	DET
cblr-10941	374	20	employees	employee	NOUN
cblr-10941	374	21	with	with	ADP
cblr-10941	374	22	the	the	DET
cblr-10941	374	23	company	company	NOUN
cblr-10941	374	24	’s	’s	PART
cblr-10941	374	25	stock	stock	NOUN
cblr-10941	374	26	,	,	PUNCT
cblr-10941	374	27	but	but	CCONJ
cblr-10941	374	28	the	the	DET
cblr-10941	374	29	price	price	NOUN
cblr-10941	374	30	of	of	ADP
cblr-10941	374	31	the	the	DET
cblr-10941	374	32	stock	stock	NOUN
cblr-10941	374	33	would	would	AUX
cblr-10941	374	34	be	be	AUX
cblr-10941	374	35	too	too	ADV
cblr-10941	374	36	noisy	noisy	ADJ
cblr-10941	374	37	to	to	PART
cblr-10941	374	38	create	create	VERB
cblr-10941	374	39	the	the	DET
cblr-10941	374	40	right	right	ADJ
cblr-10941	374	41	incentives.98	incentives.98	ADJ
cblr-10941	374	42	changes	change	NOUN
cblr-10941	374	43	in	in	ADP
cblr-10941	374	44	the	the	DET
cblr-10941	374	45	value	value	NOUN
cblr-10941	374	46	of	of	ADP
cblr-10941	374	47	the	the	DET
cblr-10941	374	48	company	company	NOUN
cblr-10941	374	49	’s	’s	PART
cblr-10941	374	50	other	other	ADJ
cblr-10941	374	51	lines	line	NOUN
cblr-10941	374	52	of	of	ADP
cblr-10941	374	53	business	business	NOUN
cblr-10941	374	54	would	would	AUX
cblr-10941	374	55	distort	distort	VERB
cblr-10941	374	56	the	the	DET
cblr-10941	374	57	employees	employee	NOUN
cblr-10941	374	58	’	’	PART
cblr-10941	374	59	payouts.99	payouts.99	PROPN
cblr-10941	374	60	innovation	innovation	NOUN
cblr-10941	374	61	projects	project	NOUN
cblr-10941	374	62	can	can	AUX
cblr-10941	374	63	increase	increase	VERB
cblr-10941	374	64	in	in	ADP
cblr-10941	374	65	value	value	NOUN
cblr-10941	374	66	tenfold	tenfold	ADV
cblr-10941	374	67	or	or	CCONJ
cblr-10941	374	68	more	more	ADJ
cblr-10941	374	69	,	,	PUNCT
cblr-10941	374	70	but	but	CCONJ
cblr-10941	374	71	the	the	DET
cblr-10941	374	72	stocks	stock	NOUN
cblr-10941	374	73	of	of	ADP
cblr-10941	374	74	mature	mature	ADJ
cblr-10941	374	75	companies	company	NOUN
cblr-10941	374	76	rarely	rarely	ADV
cblr-10941	374	77	do	do	VERB
cblr-10941	374	78	.	.	PUNCT
cblr-10941	375	1	the	the	DET
cblr-10941	375	2	manager	manager	NOUN
cblr-10941	375	3	could	could	AUX
cblr-10941	375	4	try	try	VERB
cblr-10941	375	5	to	to	PART
cblr-10941	375	6	have	have	VERB
cblr-10941	375	7	the	the	DET
cblr-10941	375	8	company	company	NOUN
cblr-10941	375	9	’s	’s	PART
cblr-10941	375	10	accountants	accountant	NOUN
cblr-10941	375	11	periodically	periodically	ADV
cblr-10941	375	12	estimate	estimate	VERB
cblr-10941	375	13	the	the	DET
cblr-10941	375	14	project	project	NOUN
cblr-10941	375	15	’s	’s	PART
cblr-10941	375	16	value	value	NOUN
cblr-10941	375	17	,	,	PUNCT
cblr-10941	375	18	but	but	CCONJ
cblr-10941	375	19	it	it	PRON
cblr-10941	375	20	would	would	AUX
cblr-10941	375	21	be	be	AUX
cblr-10941	375	22	difficult	difficult	ADJ
cblr-10941	375	23	to	to	PART
cblr-10941	375	24	reach	reach	VERB
cblr-10941	375	25	a	a	DET
cblr-10941	375	26	consensus	consensus	NOUN
cblr-10941	375	27	value	value	NOUN
cblr-10941	375	28	without	without	ADP
cblr-10941	375	29	predictable	predictable	ADJ
cblr-10941	375	30	cash	cash	NOUN
cblr-10941	375	31	flows	flow	NOUN
cblr-10941	375	32	or	or	CCONJ
cblr-10941	375	33	market	market	NOUN
cblr-10941	375	34	values	value	NOUN
cblr-10941	375	35	for	for	ADP
cblr-10941	375	36	comparable	comparable	ADJ
cblr-10941	375	37	projects	project	NOUN
cblr-10941	375	38	.	.	PUNCT
cblr-10941	376	1	the	the	DET
cblr-10941	376	2	employees	employee	NOUN
cblr-10941	376	3	would	would	AUX
cblr-10941	376	4	also	also	ADV
cblr-10941	376	5	find	find	VERB
cblr-10941	376	6	it	it	PRON
cblr-10941	376	7	hard	hard	ADJ
cblr-10941	376	8	to	to	PART
cblr-10941	376	9	trust	trust	VERB
cblr-10941	376	10	the	the	DET
cblr-10941	376	11	company	company	NOUN
cblr-10941	376	12	’s	’s	PART
cblr-10941	376	13	valuation.100	valuation.100	NOUN
cblr-10941	376	14	if	if	SCONJ
cblr-10941	376	15	the	the	DET
cblr-10941	376	16	project	project	NOUN
cblr-10941	376	17	were	be	AUX
cblr-10941	376	18	successful	successful	ADJ
cblr-10941	376	19	,	,	PUNCT
cblr-10941	376	20	the	the	DET
cblr-10941	376	21	employees	employee	NOUN
cblr-10941	376	22	would	would	AUX
cblr-10941	376	23	have	have	VERB
cblr-10941	376	24	no	no	DET
cblr-10941	376	25	recourse	recourse	NOUN
cblr-10941	376	26	if	if	SCONJ
cblr-10941	376	27	the	the	DET
cblr-10941	376	28	company	company	NOUN
cblr-10941	376	29	opportunistically	opportunistically	ADV
cblr-10941	376	30	undervalued	undervalue	VERB
cblr-10941	376	31	it	it	PRON
cblr-10941	376	32	.	.	PUNCT
cblr-10941	377	1	companies	company	NOUN
cblr-10941	377	2	have	have	AUX
cblr-10941	377	3	tried	try	VERB
cblr-10941	377	4	to	to	PART
cblr-10941	377	5	remedy	remedy	VERB
cblr-10941	377	6	this	this	DET
cblr-10941	377	7	problem	problem	NOUN
cblr-10941	377	8	by	by	ADP
cblr-10941	377	9	creating	create	VERB
cblr-10941	377	10	an	an	DET
cblr-10941	377	11	external	external	ADJ
cblr-10941	377	12	market	market	NOUN
cblr-10941	377	13	for	for	ADP
cblr-10941	377	14	company	company	NOUN
cblr-10941	377	15	divisions	division	NOUN
cblr-10941	377	16	with	with	ADP
cblr-10941	377	17	“	"	PUNCT
cblr-10941	377	18	tracking	track	VERB
cblr-10941	377	19	stock	stock	NOUN
cblr-10941	377	20	.	.	PUNCT
cblr-10941	378	1	”101	”101	NOUN
cblr-10941	379	1	this	this	PRON
cblr-10941	379	2	works	work	VERB
cblr-10941	379	3	best	well	ADV
cblr-10941	379	4	when	when	SCONJ
cblr-10941	379	5	the	the	DET
cblr-10941	379	6	tracked	track	VERB
cblr-10941	379	7	division	division	NOUN
cblr-10941	379	8	has	have	AUX
cblr-10941	379	9	cash	cash	NOUN
cblr-10941	379	10	97	97	NUM
cblr-10941	379	11	see	see	NOUN
cblr-10941	379	12	edward	edward	PROPN
cblr-10941	379	13	m.	m.	PROPN
cblr-10941	379	14	iacobucci	iacobucci	PROPN
cblr-10941	379	15	&	&	CCONJ
cblr-10941	379	16	george	george	PROPN
cblr-10941	379	17	g.	g.	PROPN
cblr-10941	379	18	triantis	triantis	PROPN
cblr-10941	379	19	,	,	PUNCT
cblr-10941	379	20	economic	economic	ADJ
cblr-10941	379	21	and	and	CCONJ
cblr-10941	379	22	legal	legal	ADJ
cblr-10941	379	23	boundaries	boundary	NOUN
cblr-10941	379	24	of	of	ADP
cblr-10941	379	25	firms	firm	NOUN
cblr-10941	379	26	,	,	PUNCT
cblr-10941	379	27	93	93	NUM
cblr-10941	379	28	va	va	NOUN
cblr-10941	379	29	.	.	PUNCT
cblr-10941	380	1	l.	l.	PROPN
cblr-10941	380	2	rev	rev	PROPN
cblr-10941	380	3	.	.	PROPN
cblr-10941	380	4	515	515	NUM
cblr-10941	380	5	,	,	PUNCT
cblr-10941	380	6	536	536	NUM
cblr-10941	380	7	(	(	PUNCT
cblr-10941	380	8	2007	2007	NUM
cblr-10941	380	9	)	)	PUNCT
cblr-10941	380	10	(	(	PUNCT
cblr-10941	380	11	explaining	explain	VERB
cblr-10941	380	12	that	that	SCONJ
cblr-10941	380	13	motivating	motivate	VERB
cblr-10941	380	14	the	the	DET
cblr-10941	380	15	manager	manager	NOUN
cblr-10941	380	16	of	of	ADP
cblr-10941	380	17	a	a	DET
cblr-10941	380	18	corporate	corporate	ADJ
cblr-10941	380	19	division	division	NOUN
cblr-10941	380	20	is	be	AUX
cblr-10941	380	21	challenging	challenge	VERB
cblr-10941	380	22	if	if	SCONJ
cblr-10941	380	23	the	the	DET
cblr-10941	380	24	division	division	NOUN
cblr-10941	380	25	is	be	AUX
cblr-10941	380	26	integrated	integrate	VERB
cblr-10941	380	27	because	because	SCONJ
cblr-10941	380	28	“	"	PUNCT
cblr-10941	380	29	the	the	DET
cblr-10941	380	30	firm	firm	NOUN
cblr-10941	380	31	has	have	VERB
cblr-10941	380	32	a	a	DET
cblr-10941	380	33	choice	choice	NOUN
cblr-10941	380	34	between	between	ADP
cblr-10941	380	35	using	use	VERB
cblr-10941	380	36	the	the	DET
cblr-10941	380	37	market	market	NOUN
cblr-10941	380	38	’s	’s	PART
cblr-10941	380	39	assessment	assessment	NOUN
cblr-10941	380	40	of	of	ADP
cblr-10941	380	41	the	the	DET
cblr-10941	380	42	entire	entire	ADJ
cblr-10941	380	43	firm	firm	NOUN
cblr-10941	380	44	or	or	CCONJ
cblr-10941	380	45	relying	rely	VERB
cblr-10941	380	46	only	only	ADV
cblr-10941	380	47	on	on	ADP
cblr-10941	380	48	internal	internal	ADJ
cblr-10941	380	49	information	information	NOUN
cblr-10941	380	50	to	to	PART
cblr-10941	380	51	tailor	tailor	VERB
cblr-10941	380	52	compensation	compensation	NOUN
cblr-10941	380	53	more	more	ADV
cblr-10941	380	54	closely	closely	ADV
cblr-10941	380	55	to	to	ADP
cblr-10941	380	56	the	the	DET
cblr-10941	380	57	manager	manager	NOUN
cblr-10941	380	58	’s	’s	PART
cblr-10941	380	59	performance	performance	NOUN
cblr-10941	380	60	”	"	PUNCT
cblr-10941	380	61	)	)	PUNCT
cblr-10941	380	62	.	.	PUNCT
cblr-10941	381	1	98	98	NUM
cblr-10941	381	2	see	see	VERB
cblr-10941	381	3	i	i	PRON
cblr-10941	381	4	d.	d.	PROPN
cblr-10941	381	5	at	at	ADP
cblr-10941	381	6	568	568	NUM
cblr-10941	381	7	(	(	PUNCT
cblr-10941	381	8	explaining	explain	VERB
cblr-10941	381	9	that	that	SCONJ
cblr-10941	381	10	a	a	DET
cblr-10941	381	11	divisional	divisional	ADJ
cblr-10941	381	12	manager	manager	NOUN
cblr-10941	381	13	compensated	compensate	VERB
cblr-10941	381	14	in	in	ADP
cblr-10941	381	15	firm	firm	ADJ
cblr-10941	381	16	-	-	PUNCT
cblr-10941	381	17	wide	wide	ADJ
cblr-10941	381	18	stock	stock	NOUN
cblr-10941	381	19	“	"	PUNCT
cblr-10941	381	20	internalizes	internalize	VERB
cblr-10941	381	21	fluctuations	fluctuation	NOUN
cblr-10941	381	22	.	.	PUNCT
cblr-10941	381	23	.	.	PUNCT
cblr-10941	381	24	.	.	PUNCT
cblr-10941	382	1	over	over	ADP
cblr-10941	382	2	which	which	PRON
cblr-10941	382	3	she	she	PRON
cblr-10941	382	4	has	have	VERB
cblr-10941	382	5	little	little	ADJ
cblr-10941	382	6	,	,	PUNCT
cblr-10941	382	7	if	if	SCONJ
cblr-10941	382	8	any	any	PRON
cblr-10941	382	9	,	,	PUNCT
cblr-10941	382	10	control	control	NOUN
cblr-10941	382	11	”	"	PUNCT
cblr-10941	382	12	and	and	CCONJ
cblr-10941	382	13	is	be	AUX
cblr-10941	382	14	subject	subject	ADJ
cblr-10941	382	15	to	to	ADP
cblr-10941	382	16	exogenous	exogenous	ADJ
cblr-10941	382	17	risks	risk	NOUN
cblr-10941	382	18	affecting	affect	VERB
cblr-10941	382	19	the	the	DET
cblr-10941	382	20	company	company	NOUN
cblr-10941	382	21	’s	’s	PART
cblr-10941	382	22	value	value	NOUN
cblr-10941	382	23	,	,	PUNCT
cblr-10941	382	24	including	include	VERB
cblr-10941	382	25	careless	careless	ADJ
cblr-10941	382	26	performance	performance	NOUN
cblr-10941	382	27	by	by	ADP
cblr-10941	382	28	other	other	ADJ
cblr-10941	382	29	managers	manager	NOUN
cblr-10941	382	30	)	)	PUNCT
cblr-10941	382	31	.	.	PUNCT
cblr-10941	383	1	99	99	NUM
cblr-10941	383	2	cf	cf	NOUN
cblr-10941	383	3	.	.	PUNCT
cblr-10941	384	1	holmstrom	holmstrom	PROPN
cblr-10941	384	2	,	,	PUNCT
cblr-10941	384	3	supra	supra	PROPN
cblr-10941	384	4	note	note	NOUN
cblr-10941	384	5	74	74	NUM
cblr-10941	384	6	,	,	PUNCT
cblr-10941	384	7	at	at	ADP
cblr-10941	384	8	319	319	NUM
cblr-10941	384	9	(	(	PUNCT
cblr-10941	384	10	explaining	explain	VERB
cblr-10941	384	11	that	that	SCONJ
cblr-10941	384	12	when	when	SCONJ
cblr-10941	384	13	a	a	DET
cblr-10941	384	14	startup	startup	NOUN
cblr-10941	384	15	is	be	AUX
cblr-10941	384	16	acquired	acquire	VERB
cblr-10941	384	17	,	,	PUNCT
cblr-10941	384	18	the	the	DET
cblr-10941	384	19	market	market	NOUN
cblr-10941	384	20	no	no	ADV
cblr-10941	384	21	longer	long	ADV
cblr-10941	384	22	separately	separately	ADV
cblr-10941	384	23	tracks	track	VERB
cblr-10941	384	24	its	its	PRON
cblr-10941	384	25	value	value	NOUN
cblr-10941	384	26	and	and	CCONJ
cblr-10941	384	27	the	the	DET
cblr-10941	384	28	acquiror	acquiror	NOUN
cblr-10941	384	29	’s	’s	PART
cblr-10941	384	30	stock	stock	NOUN
cblr-10941	384	31	is	be	AUX
cblr-10941	384	32	n’t	not	PART
cblr-10941	384	33	a	a	DET
cblr-10941	384	34	good	good	ADJ
cblr-10941	384	35	proxy	proxy	NOUN
cblr-10941	384	36	because	because	SCONJ
cblr-10941	384	37	the	the	DET
cblr-10941	384	38	value	value	NOUN
cblr-10941	384	39	of	of	ADP
cblr-10941	384	40	the	the	DET
cblr-10941	384	41	acquired	acquire	VERB
cblr-10941	384	42	startup	startup	NOUN
cblr-10941	384	43	“	"	PUNCT
cblr-10941	384	44	would	would	AUX
cblr-10941	384	45	be	be	AUX
cblr-10941	384	46	confused	confuse	VERB
cblr-10941	384	47	with	with	ADP
cblr-10941	384	48	contributions	contribution	NOUN
cblr-10941	384	49	from	from	ADP
cblr-10941	384	50	the	the	DET
cblr-10941	384	51	rest	rest	NOUN
cblr-10941	384	52	of	of	ADP
cblr-10941	384	53	the	the	DET
cblr-10941	384	54	corporation	corporation	NOUN
cblr-10941	384	55	”	"	PUNCT
cblr-10941	384	56	)	)	PUNCT
cblr-10941	384	57	.	.	PUNCT
cblr-10941	385	1	100	100	NUM
cblr-10941	385	2	see	see	VERB
cblr-10941	385	3	iacobucci	iacobucci	NOUN
cblr-10941	385	4	&	&	CCONJ
cblr-10941	385	5	triantis	triantis	PROPN
cblr-10941	385	6	,	,	PUNCT
cblr-10941	385	7	supra	supra	PROPN
cblr-10941	385	8	note	note	PROPN
cblr-10941	385	9	97	97	NUM
cblr-10941	385	10	,	,	PUNCT
cblr-10941	385	11	at	at	ADP
cblr-10941	385	12	568	568	NUM
cblr-10941	385	13	(	(	PUNCT
cblr-10941	385	14	observing	observe	VERB
cblr-10941	385	15	that	that	SCONJ
cblr-10941	385	16	linking	link	VERB
cblr-10941	385	17	a	a	DET
cblr-10941	385	18	divisional	divisional	ADJ
cblr-10941	385	19	manager	manager	NOUN
cblr-10941	385	20	’s	’s	PART
cblr-10941	385	21	compensation	compensation	NOUN
cblr-10941	385	22	to	to	ADP
cblr-10941	385	23	an	an	DET
cblr-10941	385	24	internal	internal	ADJ
cblr-10941	385	25	accounting	accounting	NOUN
cblr-10941	385	26	of	of	ADP
cblr-10941	385	27	the	the	DET
cblr-10941	385	28	division	division	NOUN
cblr-10941	385	29	’s	’s	PART
cblr-10941	385	30	value	value	NOUN
cblr-10941	385	31	“	"	PUNCT
cblr-10941	385	32	carries	carry	VERB
cblr-10941	385	33	its	its	PRON
cblr-10941	385	34	own	own	ADJ
cblr-10941	385	35	uncertainty	uncertainty	NOUN
cblr-10941	385	36	and	and	CCONJ
cblr-10941	385	37	potential	potential	NOUN
cblr-10941	385	38	for	for	ADP
cblr-10941	385	39	influence	influence	NOUN
cblr-10941	385	40	costs	cost	NOUN
cblr-10941	385	41	”	"	PUNCT
cblr-10941	385	42	)	)	PUNCT
cblr-10941	385	43	.	.	PUNCT
cblr-10941	386	1	101	101	NUM
cblr-10941	387	1	i	i	PRON
cblr-10941	387	2	d.	d.	PROPN
cblr-10941	387	3	at	at	ADP
cblr-10941	387	4	536–39	536–39	NUM
cblr-10941	387	5	.	.	PUNCT
cblr-10941	388	1	no	no	INTJ
cblr-10941	388	2	.	.	PUNCT
cblr-10941	389	1	2:859	2:859	NUM
cblr-10941	389	2	]	]	X
cblr-10941	389	3	moonshots	moonshot	NOUN
cblr-10941	389	4	883	883	NUM
cblr-10941	389	5	flows	flow	NOUN
cblr-10941	389	6	that	that	SCONJ
cblr-10941	389	7	the	the	DET
cblr-10941	389	8	company	company	NOUN
cblr-10941	389	9	is	be	AUX
cblr-10941	389	10	already	already	ADV
cblr-10941	389	11	reporting	report	VERB
cblr-10941	389	12	.	.	PUNCT
cblr-10941	390	1	to	to	PART
cblr-10941	390	2	create	create	VERB
cblr-10941	390	3	a	a	DET
cblr-10941	390	4	market	market	NOUN
cblr-10941	390	5	for	for	ADP
cblr-10941	390	6	stock	stock	NOUN
cblr-10941	390	7	that	that	PRON
cblr-10941	390	8	tracks	track	VERB
cblr-10941	390	9	the	the	DET
cblr-10941	390	10	value	value	NOUN
cblr-10941	390	11	of	of	ADP
cblr-10941	390	12	an	an	DET
cblr-10941	390	13	innovation	innovation	NOUN
cblr-10941	390	14	project	project	NOUN
cblr-10941	390	15	,	,	PUNCT
cblr-10941	390	16	a	a	DET
cblr-10941	390	17	company	company	NOUN
cblr-10941	390	18	would	would	AUX
cblr-10941	390	19	need	need	VERB
cblr-10941	390	20	to	to	PART
cblr-10941	390	21	make	make	VERB
cblr-10941	390	22	new	new	ADJ
cblr-10941	390	23	,	,	PUNCT
cblr-10941	390	24	project	project	NOUN
cblr-10941	390	25	-	-	PUNCT
cblr-10941	390	26	specific	specific	ADJ
cblr-10941	390	27	disclosures	disclosure	NOUN
cblr-10941	390	28	to	to	ADP
cblr-10941	390	29	investors	investor	NOUN
cblr-10941	390	30	.	.	PUNCT
cblr-10941	391	1	this	this	PRON
cblr-10941	391	2	would	would	AUX
cblr-10941	391	3	reintroduce	reintroduce	VERB
cblr-10941	391	4	the	the	DET
cblr-10941	391	5	monitoring	monitoring	NOUN
cblr-10941	391	6	problem	problem	NOUN
cblr-10941	391	7	:	:	PUNCT
cblr-10941	391	8	there	there	PRON
cblr-10941	391	9	might	might	AUX
cblr-10941	391	10	not	not	PART
cblr-10941	391	11	be	be	AUX
cblr-10941	391	12	enough	enough	ADJ
cblr-10941	391	13	sharable	sharable	ADJ
cblr-10941	391	14	information	information	NOUN
cblr-10941	391	15	for	for	SCONJ
cblr-10941	391	16	investors	investor	NOUN
cblr-10941	391	17	to	to	PART
cblr-10941	391	18	be	be	AUX
cblr-10941	391	19	willing	willing	ADJ
cblr-10941	391	20	to	to	PART
cblr-10941	391	21	bet	bet	VERB
cblr-10941	391	22	on	on	ADP
cblr-10941	391	23	the	the	DET
cblr-10941	391	24	project	project	NOUN
cblr-10941	391	25	.	.	PUNCT
cblr-10941	392	1	the	the	DET
cblr-10941	392	2	value	value	NOUN
cblr-10941	392	3	of	of	ADP
cblr-10941	392	4	tracking	track	VERB
cblr-10941	392	5	stock	stock	NOUN
cblr-10941	392	6	also	also	ADV
cblr-10941	392	7	ca	can	AUX
cblr-10941	392	8	n’t	not	PART
cblr-10941	392	9	be	be	AUX
cblr-10941	392	10	fully	fully	ADV
cblr-10941	392	11	divorced	divorce	VERB
cblr-10941	392	12	from	from	ADP
cblr-10941	392	13	the	the	DET
cblr-10941	392	14	value	value	NOUN
cblr-10941	392	15	of	of	ADP
cblr-10941	392	16	the	the	DET
cblr-10941	392	17	company	company	NOUN
cblr-10941	392	18	’s	’s	PART
cblr-10941	392	19	other	other	ADJ
cblr-10941	392	20	lines	line	NOUN
cblr-10941	392	21	of	of	ADP
cblr-10941	392	22	business	business	NOUN
cblr-10941	392	23	.	.	PUNCT
cblr-10941	393	1	a	a	DET
cblr-10941	393	2	company	company	NOUN
cblr-10941	393	3	’s	’s	PART
cblr-10941	393	4	common	common	ADJ
cblr-10941	393	5	shareholders	shareholder	NOUN
cblr-10941	393	6	are	be	AUX
cblr-10941	393	7	its	its	PRON
cblr-10941	393	8	residual	residual	ADJ
cblr-10941	393	9	claimants	claimant	NOUN
cblr-10941	393	10	.	.	PUNCT
cblr-10941	394	1	at	at	ADP
cblr-10941	394	2	dissolution	dissolution	NOUN
cblr-10941	394	3	,	,	PUNCT
cblr-10941	394	4	they	they	PRON
cblr-10941	394	5	are	be	AUX
cblr-10941	394	6	entitled	entitle	VERB
cblr-10941	394	7	to	to	ADP
cblr-10941	394	8	a	a	DET
cblr-10941	394	9	pro	pro	ADJ
cblr-10941	394	10	rata	rata	ADJ
cblr-10941	394	11	share	share	NOUN
cblr-10941	394	12	of	of	ADP
cblr-10941	394	13	all	all	DET
cblr-10941	394	14	the	the	DET
cblr-10941	394	15	company	company	NOUN
cblr-10941	394	16	’s	’s	PART
cblr-10941	394	17	remaining	remain	VERB
cblr-10941	394	18	assets	asset	NOUN
cblr-10941	394	19	.	.	PUNCT
cblr-10941	395	1	tracking	track	VERB
cblr-10941	395	2	stock	stock	NOUN
cblr-10941	395	3	is	be	AUX
cblr-10941	395	4	likewise	likewise	ADV
cblr-10941	395	5	given	give	VERB
cblr-10941	395	6	the	the	DET
cblr-10941	395	7	same	same	ADJ
cblr-10941	395	8	rights	right	NOUN
cblr-10941	395	9	against	against	ADP
cblr-10941	395	10	all	all	PRON
cblr-10941	395	11	of	of	ADP
cblr-10941	395	12	the	the	DET
cblr-10941	395	13	company	company	NOUN
cblr-10941	395	14	’s	’	VERB
cblr-10941	395	15	assets.102	assets.102	ADP
cblr-10941	395	16	therefore	therefore	ADV
cblr-10941	395	17	,	,	PUNCT
cblr-10941	395	18	the	the	DET
cblr-10941	395	19	value	value	NOUN
cblr-10941	395	20	of	of	ADP
cblr-10941	395	21	tracking	track	VERB
cblr-10941	395	22	stock	stock	NOUN
cblr-10941	395	23	will	will	AUX
cblr-10941	395	24	inevitably	inevitably	ADV
cblr-10941	395	25	be	be	AUX
cblr-10941	395	26	affected	affect	VERB
cblr-10941	395	27	by	by	ADP
cblr-10941	395	28	changes	change	NOUN
cblr-10941	395	29	in	in	ADP
cblr-10941	395	30	the	the	DET
cblr-10941	395	31	value	value	NOUN
cblr-10941	395	32	of	of	ADP
cblr-10941	395	33	the	the	DET
cblr-10941	395	34	company	company	NOUN
cblr-10941	395	35	as	as	ADP
cblr-10941	395	36	a	a	DET
cblr-10941	395	37	whole	whole	NOUN
cblr-10941	395	38	,	,	PUNCT
cblr-10941	395	39	and	and	CCONJ
cblr-10941	395	40	not	not	PART
cblr-10941	395	41	just	just	ADV
cblr-10941	395	42	the	the	DET
cblr-10941	395	43	value	value	NOUN
cblr-10941	395	44	of	of	ADP
cblr-10941	395	45	the	the	DET
cblr-10941	395	46	innovation	innovation	NOUN
cblr-10941	395	47	project	project	NOUN
cblr-10941	395	48	.	.	PUNCT
cblr-10941	396	1	ultimately	ultimately	ADV
cblr-10941	396	2	,	,	PUNCT
cblr-10941	396	3	the	the	DET
cblr-10941	396	4	manager	manager	NOUN
cblr-10941	396	5	of	of	ADP
cblr-10941	396	6	a	a	DET
cblr-10941	396	7	mature	mature	ADJ
cblr-10941	396	8	company	company	NOUN
cblr-10941	396	9	facing	face	VERB
cblr-10941	396	10	the	the	DET
cblr-10941	396	11	motivation	motivation	NOUN
cblr-10941	396	12	problem	problem	NOUN
cblr-10941	396	13	is	be	AUX
cblr-10941	396	14	stuck	stick	VERB
cblr-10941	396	15	in	in	ADP
cblr-10941	396	16	a	a	DET
cblr-10941	396	17	position	position	NOUN
cblr-10941	396	18	similar	similar	ADJ
cblr-10941	396	19	to	to	ADP
cblr-10941	396	20	the	the	DET
cblr-10941	396	21	investor	investor	NOUN
cblr-10941	396	22	facing	face	VERB
cblr-10941	396	23	the	the	DET
cblr-10941	396	24	monitoring	monitoring	NOUN
cblr-10941	396	25	problem	problem	NOUN
cblr-10941	396	26	.	.	PUNCT
cblr-10941	397	1	the	the	DET
cblr-10941	397	2	extreme	extreme	ADJ
cblr-10941	397	3	uncertainty	uncertainty	NOUN
cblr-10941	397	4	inherent	inherent	ADJ
cblr-10941	397	5	in	in	ADP
cblr-10941	397	6	innovation	innovation	NOUN
cblr-10941	397	7	makes	make	VERB
cblr-10941	397	8	it	it	PRON
cblr-10941	397	9	hard	hard	ADJ
cblr-10941	397	10	to	to	PART
cblr-10941	397	11	supervise	supervise	VERB
cblr-10941	397	12	agents	agent	NOUN
cblr-10941	397	13	.	.	PUNCT
cblr-10941	398	1	crafting	craft	VERB
cblr-10941	398	2	strong	strong	ADJ
cblr-10941	398	3	incentives	incentive	NOUN
cblr-10941	398	4	to	to	PART
cblr-10941	398	5	substitute	substitute	VERB
cblr-10941	398	6	motivation	motivation	NOUN
cblr-10941	398	7	for	for	ADP
cblr-10941	398	8	monitoring	monitoring	NOUN
cblr-10941	398	9	is	be	AUX
cblr-10941	398	10	n’t	not	PART
cblr-10941	398	11	easy	easy	ADJ
cblr-10941	398	12	either	either	ADV
cblr-10941	398	13	,	,	PUNCT
cblr-10941	398	14	especially	especially	ADV
cblr-10941	398	15	within	within	ADP
cblr-10941	398	16	established	establish	VERB
cblr-10941	398	17	companies	company	NOUN
cblr-10941	398	18	.	.	PUNCT
cblr-10941	399	1	if	if	SCONJ
cblr-10941	399	2	the	the	DET
cblr-10941	399	3	innovation	innovation	NOUN
cblr-10941	399	4	will	will	AUX
cblr-10941	399	5	take	take	VERB
cblr-10941	399	6	many	many	ADJ
cblr-10941	399	7	years	year	NOUN
cblr-10941	399	8	to	to	PART
cblr-10941	399	9	commercialize	commercialize	VERB
cblr-10941	399	10	,	,	PUNCT
cblr-10941	399	11	the	the	DET
cblr-10941	399	12	motivation	motivation	NOUN
cblr-10941	399	13	problem	problem	NOUN
cblr-10941	399	14	is	be	AUX
cblr-10941	399	15	acute	acute	ADJ
cblr-10941	399	16	.	.	PUNCT
cblr-10941	400	1	as	as	ADP
cblr-10941	400	2	a	a	DET
cblr-10941	400	3	consequence	consequence	NOUN
cblr-10941	400	4	,	,	PUNCT
cblr-10941	400	5	managers	manager	NOUN
cblr-10941	400	6	will	will	AUX
cblr-10941	400	7	often	often	ADV
cblr-10941	400	8	decide	decide	VERB
cblr-10941	400	9	to	to	PART
cblr-10941	400	10	forgo	forgo	VERB
cblr-10941	400	11	investing	invest	VERB
cblr-10941	400	12	in	in	ADP
cblr-10941	400	13	moonshots	moonshot	NOUN
cblr-10941	400	14	.	.	PUNCT
cblr-10941	401	1	iii	iii	X
cblr-10941	401	2	.	.	PUNCT
cblr-10941	401	3	structure	structure	NOUN
cblr-10941	401	4	and	and	CCONJ
cblr-10941	401	5	technology	technology	NOUN
cblr-10941	401	6	companies	company	NOUN
cblr-10941	401	7	that	that	PRON
cblr-10941	401	8	specialize	specialize	VERB
cblr-10941	401	9	in	in	ADP
cblr-10941	401	10	innovation	innovation	NOUN
cblr-10941	401	11	often	often	ADV
cblr-10941	401	12	have	have	VERB
cblr-10941	401	13	unconventional	unconventional	ADJ
cblr-10941	401	14	structures	structure	NOUN
cblr-10941	401	15	.	.	PUNCT
cblr-10941	402	1	startups	startup	NOUN
cblr-10941	402	2	,	,	PUNCT
cblr-10941	402	3	joint	joint	ADJ
cblr-10941	402	4	ventures	venture	NOUN
cblr-10941	402	5	,	,	PUNCT
cblr-10941	402	6	and	and	CCONJ
cblr-10941	402	7	equity	equity	NOUN
cblr-10941	402	8	carveouts	carveout	NOUN
cblr-10941	402	9	are	be	AUX
cblr-10941	402	10	all	all	PRON
cblr-10941	402	11	organized	organize	VERB
cblr-10941	402	12	differently	differently	ADV
cblr-10941	402	13	from	from	ADP
cblr-10941	402	14	a	a	DET
cblr-10941	402	15	typical	typical	ADJ
cblr-10941	402	16	public	public	ADJ
cblr-10941	402	17	corporation	corporation	NOUN
cblr-10941	402	18	.	.	PUNCT
cblr-10941	403	1	these	these	DET
cblr-10941	403	2	structures	structure	NOUN
cblr-10941	403	3	all	all	PRON
cblr-10941	403	4	attempt	attempt	VERB
cblr-10941	403	5	to	to	PART
cblr-10941	403	6	solve	solve	VERB
cblr-10941	403	7	the	the	DET
cblr-10941	403	8	monitoring	monitoring	NOUN
cblr-10941	403	9	and	and	CCONJ
cblr-10941	403	10	motivation	motivation	NOUN
cblr-10941	403	11	problems	problem	NOUN
cblr-10941	403	12	that	that	SCONJ
cblr-10941	403	13	innovation	innovation	NOUN
cblr-10941	403	14	creates	create	VERB
cblr-10941	403	15	,	,	PUNCT
cblr-10941	403	16	but	but	CCONJ
cblr-10941	403	17	each	each	DET
cblr-10941	403	18	one	one	NOUN
cblr-10941	403	19	is	be	AUX
cblr-10941	403	20	adapted	adapt	VERB
cblr-10941	403	21	to	to	ADP
cblr-10941	403	22	the	the	DET
cblr-10941	403	23	specific	specific	ADJ
cblr-10941	403	24	features	feature	NOUN
cblr-10941	403	25	of	of	ADP
cblr-10941	403	26	the	the	DET
cblr-10941	403	27	technology	technology	NOUN
cblr-10941	403	28	that	that	PRON
cblr-10941	403	29	the	the	DET
cblr-10941	403	30	company	company	NOUN
cblr-10941	403	31	is	be	AUX
cblr-10941	403	32	trying	try	VERB
cblr-10941	403	33	to	to	PART
cblr-10941	403	34	develop	develop	VERB
cblr-10941	403	35	.	.	PUNCT
cblr-10941	404	1	these	these	DET
cblr-10941	404	2	structures	structure	NOUN
cblr-10941	404	3	offer	offer	VERB
cblr-10941	404	4	insights	insight	NOUN
cblr-10941	404	5	into	into	ADP
cblr-10941	404	6	how	how	SCONJ
cblr-10941	404	7	companies	company	NOUN
cblr-10941	404	8	that	that	PRON
cblr-10941	404	9	house	house	NOUN
cblr-10941	404	10	moonshots	moonshot	NOUN
cblr-10941	404	11	should	should	AUX
cblr-10941	404	12	be	be	AUX
cblr-10941	404	13	designed	design	VERB
cblr-10941	404	14	.	.	PUNCT
cblr-10941	405	1	102	102	NUM
cblr-10941	405	2	i	i	PRON
cblr-10941	405	3	d.	d.	PROPN
cblr-10941	405	4	at	at	ADP
cblr-10941	405	5	536	536	NUM
cblr-10941	405	6	.	.	PUNCT
cblr-10941	405	7	884	884	NUM
cblr-10941	405	8	columbia	columbia	PROPN
cblr-10941	405	9	business	business	NOUN
cblr-10941	405	10	law	law	PROPN
cblr-10941	405	11	review	review	NOUN
cblr-10941	406	1	[	[	X
cblr-10941	406	2	vol	vol	NOUN
cblr-10941	406	3	.	.	PUNCT
cblr-10941	406	4	2022	2022	NUM
cblr-10941	406	5	a.	a.	NOUN
cblr-10941	406	6	venture	venture	NOUN
cblr-10941	406	7	-	-	PUNCT
cblr-10941	406	8	backed	back	VERB
cblr-10941	406	9	startups	startup	NOUN
cblr-10941	406	10	a	a	DET
cblr-10941	406	11	venture	venture	NOUN
cblr-10941	406	12	-	-	PUNCT
cblr-10941	406	13	backed	back	VERB
cblr-10941	406	14	startup	startup	NOUN
cblr-10941	406	15	is	be	AUX
cblr-10941	406	16	an	an	DET
cblr-10941	406	17	innovation	innovation	NOUN
cblr-10941	406	18	project	project	NOUN
cblr-10941	406	19	housed	house	VERB
cblr-10941	406	20	in	in	ADP
cblr-10941	406	21	an	an	DET
cblr-10941	406	22	independent	independent	ADJ
cblr-10941	406	23	business	business	NOUN
cblr-10941	406	24	.	.	PUNCT
cblr-10941	407	1	its	its	PRON
cblr-10941	407	2	capital	capital	NOUN
cblr-10941	407	3	structure	structure	NOUN
cblr-10941	407	4	addresses	address	VERB
cblr-10941	407	5	the	the	DET
cblr-10941	407	6	motivation	motivation	NOUN
cblr-10941	407	7	problem	problem	NOUN
cblr-10941	407	8	.	.	PUNCT
cblr-10941	408	1	the	the	DET
cblr-10941	408	2	startup	startup	PROPN
cblr-10941	408	3	compensation	compensation	NOUN
cblr-10941	408	4	model	model	NOUN
cblr-10941	408	5	is	be	AUX
cblr-10941	408	6	designed	design	VERB
cblr-10941	408	7	to	to	PART
cblr-10941	408	8	create	create	VERB
cblr-10941	408	9	strong	strong	ADJ
cblr-10941	408	10	incentives	incentive	NOUN
cblr-10941	408	11	:	:	PUNCT
cblr-10941	408	12	entrepreneurs	entrepreneur	NOUN
cblr-10941	408	13	and	and	CCONJ
cblr-10941	408	14	the	the	DET
cblr-10941	408	15	employees	employee	NOUN
cblr-10941	408	16	they	they	PRON
cblr-10941	408	17	hire	hire	VERB
cblr-10941	408	18	often	often	ADV
cblr-10941	408	19	take	take	VERB
cblr-10941	408	20	below	below	ADP
cblr-10941	408	21	-	-	PUNCT
cblr-10941	408	22	market	market	NOUN
cblr-10941	408	23	salaries.103	salaries.103	ADV
cblr-10941	408	24	the	the	DET
cblr-10941	408	25	entrepreneurs	entrepreneur	NOUN
cblr-10941	408	26	receive	receive	VERB
cblr-10941	408	27	stock	stock	NOUN
cblr-10941	408	28	,	,	PUNCT
cblr-10941	408	29	and	and	CCONJ
cblr-10941	408	30	the	the	DET
cblr-10941	408	31	employees	employee	NOUN
cblr-10941	408	32	receive	receive	VERB
cblr-10941	408	33	options	option	NOUN
cblr-10941	408	34	to	to	PART
cblr-10941	408	35	purchase	purchase	VERB
cblr-10941	408	36	stock.104	stock.104	NOUN
cblr-10941	408	37	the	the	DET
cblr-10941	408	38	options	option	NOUN
cblr-10941	408	39	typically	typically	ADV
cblr-10941	408	40	start	start	VERB
cblr-10941	408	41	vesting	vest	VERB
cblr-10941	408	42	after	after	ADP
cblr-10941	408	43	the	the	DET
cblr-10941	408	44	employee	employee	NOUN
cblr-10941	408	45	’s	’s	PART
cblr-10941	408	46	first	first	ADJ
cblr-10941	408	47	year	year	NOUN
cblr-10941	408	48	with	with	ADP
cblr-10941	408	49	the	the	DET
cblr-10941	408	50	company	company	NOUN
cblr-10941	408	51	and	and	CCONJ
cblr-10941	408	52	then	then	ADV
cblr-10941	408	53	vest	vest	VERB
cblr-10941	408	54	gradually	gradually	ADV
cblr-10941	408	55	over	over	ADP
cblr-10941	408	56	the	the	DET
cblr-10941	408	57	following	follow	VERB
cblr-10941	408	58	three	three	NUM
cblr-10941	408	59	years.105	years.105	NUM
cblr-10941	408	60	a	a	DET
cblr-10941	408	61	startup	startup	NOUN
cblr-10941	408	62	’s	’s	PART
cblr-10941	408	63	equity	equity	NOUN
cblr-10941	408	64	is	be	AUX
cblr-10941	408	65	highly	highly	ADV
cblr-10941	408	66	illiquid	illiquid	ADJ
cblr-10941	408	67	.	.	PUNCT
cblr-10941	409	1	employee	employee	NOUN
cblr-10941	409	2	shareholders	shareholder	NOUN
cblr-10941	409	3	are	be	AUX
cblr-10941	409	4	usually	usually	ADV
cblr-10941	409	5	locked	lock	VERB
cblr-10941	409	6	into	into	ADP
cblr-10941	409	7	their	their	PRON
cblr-10941	409	8	investment	investment	NOUN
cblr-10941	409	9	until	until	SCONJ
cblr-10941	409	10	the	the	DET
cblr-10941	409	11	startup	startup	NOUN
cblr-10941	409	12	exits	exit	VERB
cblr-10941	409	13	through	through	ADP
cblr-10941	409	14	an	an	DET
cblr-10941	409	15	acquisition	acquisition	NOUN
cblr-10941	409	16	or	or	CCONJ
cblr-10941	409	17	ipo.106	ipo.106	PROPN
cblr-10941	409	18	equity	equity	PROPN
cblr-10941	409	19	compensation	compensation	PROPN
cblr-10941	409	20	aligns	align	VERB
cblr-10941	409	21	the	the	DET
cblr-10941	409	22	entrepreneurs	entrepreneur	NOUN
cblr-10941	409	23	’	'	PUNCT
cblr-10941	409	24	and	and	CCONJ
cblr-10941	409	25	employees	employee	NOUN
cblr-10941	409	26	’	’	PART
cblr-10941	409	27	financial	financial	ADJ
cblr-10941	409	28	interests	interest	NOUN
cblr-10941	409	29	with	with	ADP
cblr-10941	409	30	the	the	DET
cblr-10941	409	31	market	market	NOUN
cblr-10941	409	32	value	value	NOUN
cblr-10941	409	33	of	of	ADP
cblr-10941	409	34	the	the	DET
cblr-10941	409	35	startup.107	startup.107	NOUN
cblr-10941	409	36	they	they	PRON
cblr-10941	409	37	know	know	VERB
cblr-10941	409	38	the	the	DET
cblr-10941	409	39	price	price	NOUN
cblr-10941	409	40	of	of	ADP
cblr-10941	409	41	their	their	PRON
cblr-10941	409	42	stock	stock	NOUN
cblr-10941	409	43	could	could	AUX
cblr-10941	409	44	increase	increase	VERB
cblr-10941	409	45	by	by	ADP
cblr-10941	409	46	an	an	DET
cblr-10941	409	47	order	order	NOUN
cblr-10941	409	48	of	of	ADP
cblr-10941	409	49	magnitude	magnitude	NOUN
cblr-10941	409	50	or	or	CCONJ
cblr-10941	409	51	more	more	ADJ
cblr-10941	409	52	in	in	ADP
cblr-10941	409	53	a	a	DET
cblr-10941	409	54	successful	successful	ADJ
cblr-10941	409	55	exit	exit	NOUN
cblr-10941	409	56	.	.	PUNCT
cblr-10941	410	1	the	the	DET
cblr-10941	410	2	strong	strong	ADJ
cblr-10941	410	3	incentives	incentive	NOUN
cblr-10941	410	4	attract	attract	VERB
cblr-10941	410	5	employees	employee	NOUN
cblr-10941	410	6	who	who	PRON
cblr-10941	410	7	believe	believe	VERB
cblr-10941	410	8	in	in	ADP
cblr-10941	410	9	the	the	DET
cblr-10941	410	10	startup	startup	NOUN
cblr-10941	410	11	’s	’s	PART
cblr-10941	410	12	technology	technology	NOUN
cblr-10941	410	13	and	and	CCONJ
cblr-10941	410	14	business	business	NOUN
cblr-10941	410	15	plan	plan	NOUN
cblr-10941	410	16	and	and	CCONJ
cblr-10941	410	17	are	be	AUX
cblr-10941	410	18	willing	willing	ADJ
cblr-10941	410	19	to	to	PART
cblr-10941	410	20	tolerate	tolerate	VERB
cblr-10941	410	21	the	the	DET
cblr-10941	410	22	risk	risk	NOUN
cblr-10941	410	23	that	that	SCONJ
cblr-10941	410	24	the	the	DET
cblr-10941	410	25	startup	startup	NOUN
cblr-10941	410	26	will	will	AUX
cblr-10941	410	27	fail.108	fail.108	ADJ
cblr-10941	410	28	once	once	SCONJ
cblr-10941	410	29	they	they	PRON
cblr-10941	410	30	join	join	VERB
cblr-10941	410	31	the	the	DET
cblr-10941	410	32	startup	startup	NOUN
cblr-10941	410	33	,	,	PUNCT
cblr-10941	410	34	the	the	DET
cblr-10941	410	35	strong	strong	ADJ
cblr-10941	410	36	incentives	incentive	NOUN
cblr-10941	410	37	motivate	motivate	VERB
cblr-10941	410	38	them	they	PRON
cblr-10941	410	39	to	to	PART
cblr-10941	410	40	develop	develop	VERB
cblr-10941	410	41	the	the	DET
cblr-10941	410	42	startup	startup	NOUN
cblr-10941	410	43	’s	’s	PART
cblr-10941	410	44	technology	technology	NOUN
cblr-10941	410	45	,	,	PUNCT
cblr-10941	410	46	cooperate	cooperate	VERB
cblr-10941	410	47	with	with	ADP
cblr-10941	410	48	their	their	PRON
cblr-10941	410	49	coworkers	coworker	NOUN
cblr-10941	410	50	,	,	PUNCT
cblr-10941	410	51	and	and	CCONJ
cblr-10941	410	52	grow	grow	VERB
cblr-10941	410	53	the	the	DET
cblr-10941	410	54	business	business	NOUN
cblr-10941	410	55	.	.	PUNCT
cblr-10941	411	1	california	california	PROPN
cblr-10941	411	2	,	,	PUNCT
cblr-10941	411	3	the	the	DET
cblr-10941	411	4	jurisdiction	jurisdiction	NOUN
cblr-10941	411	5	home	home	ADV
cblr-10941	411	6	to	to	ADP
cblr-10941	411	7	the	the	DET
cblr-10941	411	8	world	world	NOUN
cblr-10941	411	9	’s	’s	PART
cblr-10941	411	10	largest	large	ADJ
cblr-10941	411	11	vc	vc	NOUN
cblr-10941	411	12	market	market	NOUN
cblr-10941	411	13	,	,	PUNCT
cblr-10941	411	14	does	do	AUX
cblr-10941	411	15	n’t	not	PART
cblr-10941	411	16	enforce	enforce	VERB
cblr-10941	411	17	noncompete	noncompete	ADJ
cblr-10941	411	18	provisions	provision	NOUN
cblr-10941	411	19	in	in	ADP
cblr-10941	411	20	employment	employment	NOUN
cblr-10941	411	21	contracts.109	contracts.109	VERB
cblr-10941	411	22	the	the	DET
cblr-10941	411	23	combination	combination	NOUN
cblr-10941	411	24	of	of	ADP
cblr-10941	411	25	103	103	NUM
cblr-10941	411	26	sahlman	sahlman	NOUN
cblr-10941	411	27	,	,	PUNCT
cblr-10941	411	28	supra	supra	PROPN
cblr-10941	411	29	note	note	PROPN
cblr-10941	411	30	21	21	NUM
cblr-10941	411	31	,	,	PUNCT
cblr-10941	411	32	at	at	ADP
cblr-10941	411	33	508	508	NUM
cblr-10941	411	34	.	.	PUNCT
cblr-10941	412	1	104	104	NUM
cblr-10941	413	1	i	i	PRON
cblr-10941	413	2	d.	d.	PROPN
cblr-10941	413	3	105	105	NUM
cblr-10941	413	4	yifat	yifat	PROPN
cblr-10941	413	5	aran	aran	NOUN
cblr-10941	413	6	,	,	PUNCT
cblr-10941	413	7	beyond	beyond	ADP
cblr-10941	413	8	covenants	covenant	NOUN
cblr-10941	413	9	not	not	PART
cblr-10941	413	10	to	to	PART
cblr-10941	413	11	compete	compete	VERB
cblr-10941	413	12	:	:	PUNCT
cblr-10941	413	13	equilibrium	equilibrium	NOUN
cblr-10941	413	14	in	in	ADP
cblr-10941	413	15	hightech	hightech	NOUN
cblr-10941	413	16	startup	startup	VERB
cblr-10941	413	17	labor	labor	NOUN
cblr-10941	413	18	markets	market	NOUN
cblr-10941	413	19	,	,	PUNCT
cblr-10941	413	20	70	70	NUM
cblr-10941	413	21	stan	stan	PROPN
cblr-10941	413	22	.	.	PUNCT
cblr-10941	414	1	l.	l.	PROPN
cblr-10941	414	2	rev	rev	PROPN
cblr-10941	414	3	.	.	PROPN
cblr-10941	414	4	1235	1235	NUM
cblr-10941	414	5	,	,	PUNCT
cblr-10941	414	6	1264	1264	NUM
cblr-10941	414	7	(	(	PUNCT
cblr-10941	414	8	2018	2018	NUM
cblr-10941	414	9	)	)	PUNCT
cblr-10941	414	10	.	.	PUNCT
cblr-10941	415	1	106	106	NUM
cblr-10941	415	2	see	see	VERB
cblr-10941	415	3	darian	darian	ADJ
cblr-10941	415	4	m.	m.	PROPN
cblr-10941	415	5	ibrahim	ibrahim	PROPN
cblr-10941	415	6	,	,	PUNCT
cblr-10941	415	7	the	the	DET
cblr-10941	415	8	new	new	ADJ
cblr-10941	415	9	exit	exit	NOUN
cblr-10941	415	10	in	in	ADP
cblr-10941	415	11	venture	venture	NOUN
cblr-10941	415	12	capital	capital	NOUN
cblr-10941	415	13	,	,	PUNCT
cblr-10941	415	14	65	65	NUM
cblr-10941	415	15	vand	vand	NOUN
cblr-10941	415	16	.	.	PUNCT
cblr-10941	416	1	l.	l.	PROPN
cblr-10941	416	2	rev	rev	PROPN
cblr-10941	416	3	.	.	PROPN
cblr-10941	416	4	1	1	NUM
cblr-10941	416	5	,	,	PUNCT
cblr-10941	416	6	6–15	6–15	PROPN
cblr-10941	416	7	(	(	PUNCT
cblr-10941	416	8	2012	2012	NUM
cblr-10941	416	9	)	)	PUNCT
cblr-10941	416	10	.	.	PUNCT
cblr-10941	417	1	107	107	NUM
cblr-10941	417	2	gompers	gomper	NOUN
cblr-10941	417	3	&	&	CCONJ
cblr-10941	417	4	lerner	lerner	PROPN
cblr-10941	417	5	,	,	PUNCT
cblr-10941	417	6	supra	supra	PROPN
cblr-10941	417	7	note	note	PROPN
cblr-10941	417	8	21	21	NUM
cblr-10941	417	9	,	,	PUNCT
cblr-10941	417	10	at	at	ADP
cblr-10941	417	11	161	161	NUM
cblr-10941	417	12	;	;	PUNCT
cblr-10941	417	13	sahlman	sahlman	NOUN
cblr-10941	417	14	,	,	PUNCT
cblr-10941	417	15	supra	supra	PROPN
cblr-10941	417	16	note	note	PROPN
cblr-10941	417	17	21	21	NUM
cblr-10941	417	18	,	,	PUNCT
cblr-10941	417	19	at	at	ADP
cblr-10941	417	20	508	508	NUM
cblr-10941	417	21	.	.	PUNCT
cblr-10941	417	22	108	108	NUM
cblr-10941	417	23	sahlman	sahlman	NOUN
cblr-10941	417	24	,	,	PUNCT
cblr-10941	417	25	supra	supra	PROPN
cblr-10941	417	26	note	note	PROPN
cblr-10941	417	27	21	21	NUM
cblr-10941	417	28	,	,	PUNCT
cblr-10941	417	29	at	at	ADP
cblr-10941	417	30	510–11	510–11	PROPN
cblr-10941	417	31	(	(	PUNCT
cblr-10941	417	32	describing	describe	VERB
cblr-10941	417	33	the	the	DET
cblr-10941	417	34	sorting	sort	VERB
cblr-10941	417	35	effect	effect	NOUN
cblr-10941	417	36	of	of	ADP
cblr-10941	417	37	entrepreneur	entrepreneur	NOUN
cblr-10941	417	38	compensation	compensation	PROPN
cblr-10941	417	39	)	)	PUNCT
cblr-10941	417	40	.	.	PUNCT
cblr-10941	418	1	109	109	NUM
cblr-10941	418	2	see	see	NOUN
cblr-10941	418	3	cal	cal	PROPN
cblr-10941	418	4	.	.	PUNCT
cblr-10941	419	1	bus	bus	PROPN
cblr-10941	419	2	.	.	PUNCT
cblr-10941	419	3	&	&	CCONJ
cblr-10941	419	4	prof	prof	PROPN
cblr-10941	419	5	.	.	PUNCT
cblr-10941	419	6	code	code	PROPN
cblr-10941	419	7	§	§	PROPN
cblr-10941	419	8	16600	16600	NUM
cblr-10941	419	9	(	(	PUNCT
cblr-10941	419	10	west	west	NOUN
cblr-10941	419	11	2018	2018	NUM
cblr-10941	419	12	)	)	PUNCT
cblr-10941	419	13	.	.	PUNCT
cblr-10941	420	1	for	for	ADP
cblr-10941	420	2	an	an	DET
cblr-10941	420	3	argument	argument	NOUN
cblr-10941	420	4	that	that	SCONJ
cblr-10941	420	5	california	california	PROPN
cblr-10941	420	6	’s	’s	PART
cblr-10941	420	7	ban	ban	NOUN
cblr-10941	420	8	on	on	ADP
cblr-10941	420	9	noncompetes	noncompete	NOUN
cblr-10941	420	10	was	be	AUX
cblr-10941	420	11	critical	critical	ADJ
cblr-10941	420	12	to	to	ADP
cblr-10941	420	13	its	its	PRON
cblr-10941	420	14	growth	growth	NOUN
cblr-10941	420	15	as	as	ADP
cblr-10941	420	16	a	a	DET
cblr-10941	420	17	vc	vc	NOUN
cblr-10941	420	18	market	market	NOUN
cblr-10941	420	19	,	,	PUNCT
cblr-10941	420	20	see	see	VERB
cblr-10941	420	21	ronald	ronald	PROPN
cblr-10941	420	22	j.	j.	PROPN
cblr-10941	420	23	gilson	gilson	PROPN
cblr-10941	420	24	,	,	PUNCT
cblr-10941	420	25	the	the	DET
cblr-10941	420	26	legal	legal	ADJ
cblr-10941	420	27	infrastructure	infrastructure	NOUN
cblr-10941	420	28	of	of	ADP
cblr-10941	420	29	high	high	ADJ
cblr-10941	420	30	technology	technology	NOUN
cblr-10941	420	31	no	no	NOUN
cblr-10941	420	32	.	.	PUNCT
cblr-10941	421	1	2:859	2:859	NUM
cblr-10941	421	2	]	]	X
cblr-10941	421	3	moonshots	moonshot	NOUN
cblr-10941	421	4	885	885	NUM
cblr-10941	421	5	vesting	vest	VERB
cblr-10941	421	6	plans	plan	NOUN
cblr-10941	421	7	and	and	CCONJ
cblr-10941	421	8	a	a	DET
cblr-10941	421	9	ban	ban	NOUN
cblr-10941	421	10	on	on	ADP
cblr-10941	421	11	noncompetes	noncompete	NOUN
cblr-10941	421	12	entices	entice	VERB
cblr-10941	421	13	employees	employee	NOUN
cblr-10941	421	14	to	to	PART
cblr-10941	421	15	keep	keep	VERB
cblr-10941	421	16	working	work	VERB
cblr-10941	421	17	at	at	ADP
cblr-10941	421	18	a	a	DET
cblr-10941	421	19	startup	startup	NOUN
cblr-10941	421	20	for	for	ADP
cblr-10941	421	21	as	as	ADV
cblr-10941	421	22	long	long	ADV
cblr-10941	421	23	as	as	SCONJ
cblr-10941	421	24	they	they	PRON
cblr-10941	421	25	continue	continue	VERB
cblr-10941	421	26	to	to	PART
cblr-10941	421	27	believe	believe	VERB
cblr-10941	421	28	in	in	ADP
cblr-10941	421	29	its	its	PRON
cblr-10941	421	30	growth	growth	NOUN
cblr-10941	421	31	potential.110	potential.110	NOUN
cblr-10941	421	32	entrepreneurs	entrepreneur	NOUN
cblr-10941	421	33	who	who	PRON
cblr-10941	421	34	found	find	VERB
cblr-10941	421	35	startups	startup	NOUN
cblr-10941	421	36	are	be	AUX
cblr-10941	421	37	often	often	ADV
cblr-10941	421	38	experts	expert	NOUN
cblr-10941	421	39	in	in	ADP
cblr-10941	421	40	the	the	DET
cblr-10941	421	41	technology	technology	NOUN
cblr-10941	421	42	their	their	PRON
cblr-10941	421	43	company	company	NOUN
cblr-10941	421	44	is	be	AUX
cblr-10941	421	45	developing	develop	VERB
cblr-10941	421	46	.	.	PUNCT
cblr-10941	422	1	their	their	PRON
cblr-10941	422	2	technical	technical	ADJ
cblr-10941	422	3	knowledge	knowledge	NOUN
cblr-10941	422	4	helps	help	VERB
cblr-10941	422	5	them	they	PRON
cblr-10941	422	6	assess	assess	VERB
cblr-10941	422	7	the	the	DET
cblr-10941	422	8	company	company	NOUN
cblr-10941	422	9	’s	’s	PART
cblr-10941	422	10	progress	progress	NOUN
cblr-10941	422	11	towards	towards	ADP
cblr-10941	422	12	commercialization	commercialization	NOUN
cblr-10941	422	13	and	and	CCONJ
cblr-10941	422	14	the	the	DET
cblr-10941	422	15	contributions	contribution	NOUN
cblr-10941	422	16	of	of	ADP
cblr-10941	422	17	individual	individual	ADJ
cblr-10941	422	18	employees	employee	NOUN
cblr-10941	422	19	.	.	PUNCT
cblr-10941	423	1	startups	startup	NOUN
cblr-10941	423	2	usually	usually	ADV
cblr-10941	423	3	focus	focus	VERB
cblr-10941	423	4	on	on	ADP
cblr-10941	423	5	one	one	NUM
cblr-10941	423	6	core	core	NOUN
cblr-10941	423	7	product	product	NOUN
cblr-10941	423	8	or	or	CCONJ
cblr-10941	423	9	service	service	NOUN
cblr-10941	423	10	,	,	PUNCT
cblr-10941	423	11	which	which	PRON
cblr-10941	423	12	simplifies	simplify	VERB
cblr-10941	423	13	decisions	decision	NOUN
cblr-10941	423	14	about	about	ADP
cblr-10941	423	15	allocating	allocate	VERB
cblr-10941	423	16	time	time	NOUN
cblr-10941	423	17	or	or	CCONJ
cblr-10941	423	18	effort	effort	NOUN
cblr-10941	423	19	.	.	PUNCT
cblr-10941	424	1	startups	startup	NOUN
cblr-10941	424	2	are	be	AUX
cblr-10941	424	3	unencumbered	unencumbered	ADJ
cblr-10941	424	4	by	by	ADP
cblr-10941	424	5	depreciating	depreciate	VERB
cblr-10941	424	6	assets	asset	NOUN
cblr-10941	424	7	,	,	PUNCT
cblr-10941	424	8	inherited	inherit	VERB
cblr-10941	424	9	customer	customer	NOUN
cblr-10941	424	10	or	or	CCONJ
cblr-10941	424	11	supplier	supplier	NOUN
cblr-10941	424	12	relationships	relationship	NOUN
cblr-10941	424	13	,	,	PUNCT
cblr-10941	424	14	or	or	CCONJ
cblr-10941	424	15	other	other	ADJ
cblr-10941	424	16	obligations	obligation	NOUN
cblr-10941	424	17	that	that	PRON
cblr-10941	424	18	distract	distract	VERB
cblr-10941	424	19	managers	manager	NOUN
cblr-10941	424	20	at	at	ADP
cblr-10941	424	21	mature	mature	ADJ
cblr-10941	424	22	businesses	business	NOUN
cblr-10941	424	23	.	.	PUNCT
cblr-10941	425	1	entrepreneurs	entrepreneur	NOUN
cblr-10941	425	2	can	can	AUX
cblr-10941	425	3	focus	focus	VERB
cblr-10941	425	4	exclusively	exclusively	ADV
cblr-10941	425	5	on	on	ADP
cblr-10941	425	6	commercializing	commercialize	VERB
cblr-10941	425	7	the	the	DET
cblr-10941	425	8	startup	startup	NOUN
cblr-10941	425	9	’s	’s	PART
cblr-10941	425	10	technology	technology	NOUN
cblr-10941	425	11	and	and	CCONJ
cblr-10941	425	12	expect	expect	VERB
cblr-10941	425	13	that	that	SCONJ
cblr-10941	425	14	their	their	PRON
cblr-10941	425	15	employees	employee	NOUN
cblr-10941	425	16	will	will	AUX
cblr-10941	425	17	be	be	AUX
cblr-10941	425	18	faithful	faithful	ADJ
cblr-10941	425	19	agents	agent	NOUN
cblr-10941	425	20	.	.	PUNCT
cblr-10941	426	1	vcs	vcs	PROPN
cblr-10941	426	2	have	have	AUX
cblr-10941	426	3	also	also	ADV
cblr-10941	426	4	developed	develop	VERB
cblr-10941	426	5	strategies	strategy	NOUN
cblr-10941	426	6	to	to	PART
cblr-10941	426	7	monitor	monitor	VERB
cblr-10941	426	8	entrepreneurs	entrepreneur	NOUN
cblr-10941	426	9	.	.	PUNCT
cblr-10941	427	1	vcs	vcs	PROPN
cblr-10941	427	2	vet	vet	NOUN
cblr-10941	427	3	startups	startup	NOUN
cblr-10941	427	4	exhaustively	exhaustively	ADV
cblr-10941	427	5	.	.	PUNCT
cblr-10941	428	1	one	one	NUM
cblr-10941	428	2	recent	recent	ADJ
cblr-10941	428	3	survey	survey	NOUN
cblr-10941	428	4	of	of	ADP
cblr-10941	428	5	vcs	vcs	PROPN
cblr-10941	428	6	found	find	VERB
cblr-10941	428	7	that	that	SCONJ
cblr-10941	428	8	,	,	PUNCT
cblr-10941	428	9	in	in	ADP
cblr-10941	428	10	a	a	DET
cblr-10941	428	11	given	give	VERB
cblr-10941	428	12	year	year	NOUN
cblr-10941	428	13	,	,	PUNCT
cblr-10941	428	14	the	the	DET
cblr-10941	428	15	average	average	ADJ
cblr-10941	428	16	vc	vc	PROPN
cblr-10941	428	17	firm	firm	ADJ
cblr-10941	428	18	screens	screen	NOUN
cblr-10941	428	19	200	200	NUM
cblr-10941	428	20	startups	startup	NOUN
cblr-10941	428	21	and	and	CCONJ
cblr-10941	428	22	invests	invest	NOUN
cblr-10941	428	23	in	in	ADP
cblr-10941	428	24	only	only	ADV
cblr-10941	428	25	four.111	four.111	PROPN
cblr-10941	428	26	once	once	ADV
cblr-10941	428	27	vcs	vcs	PROPN
cblr-10941	428	28	decide	decide	VERB
cblr-10941	428	29	to	to	PART
cblr-10941	428	30	invest	invest	VERB
cblr-10941	428	31	,	,	PUNCT
cblr-10941	428	32	they	they	PRON
cblr-10941	428	33	take	take	VERB
cblr-10941	428	34	an	an	DET
cblr-10941	428	35	active	active	ADJ
cblr-10941	428	36	role	role	NOUN
cblr-10941	428	37	in	in	ADP
cblr-10941	428	38	their	their	PRON
cblr-10941	428	39	portfolio	portfolio	NOUN
cblr-10941	428	40	companies	company	NOUN
cblr-10941	428	41	’	'	PUNCT
cblr-10941	428	42	management	management	NOUN
cblr-10941	428	43	.	.	PUNCT
cblr-10941	429	1	they	they	PRON
cblr-10941	429	2	often	often	ADV
cblr-10941	429	3	serve	serve	VERB
cblr-10941	429	4	on	on	ADP
cblr-10941	429	5	their	their	PRON
cblr-10941	429	6	boards	board	NOUN
cblr-10941	429	7	as	as	ADP
cblr-10941	429	8	directors	director	NOUN
cblr-10941	429	9	or	or	CCONJ
cblr-10941	429	10	observers.112	observers.112	PROPN
cblr-10941	429	11	at	at	ADP
cblr-10941	429	12	board	board	NOUN
cblr-10941	429	13	meetings	meeting	NOUN
cblr-10941	429	14	,	,	PUNCT
cblr-10941	429	15	vcs	vcs	PROPN
cblr-10941	429	16	get	get	VERB
cblr-10941	429	17	access	access	NOUN
cblr-10941	429	18	to	to	ADP
cblr-10941	429	19	tacit	tacit	ADJ
cblr-10941	429	20	,	,	PUNCT
cblr-10941	429	21	qualitative	qualitative	NOUN
cblr-10941	429	22	,	,	PUNCT
cblr-10941	429	23	and	and	CCONJ
cblr-10941	429	24	confidential	confidential	ADJ
cblr-10941	429	25	information	information	NOUN
cblr-10941	429	26	that	that	PRON
cblr-10941	429	27	enables	enable	VERB
cblr-10941	429	28	them	they	PRON
cblr-10941	429	29	to	to	PART
cblr-10941	429	30	assess	assess	VERB
cblr-10941	429	31	the	the	DET
cblr-10941	429	32	startup	startup	NOUN
cblr-10941	429	33	’s	’s	PART
cblr-10941	429	34	progress	progress	NOUN
cblr-10941	429	35	.	.	PUNCT
cblr-10941	430	1	vcs	vcs	PROPN
cblr-10941	430	2	motivate	motivate	VERB
cblr-10941	430	3	entrepreneurs	entrepreneur	NOUN
cblr-10941	430	4	the	the	DET
cblr-10941	430	5	same	same	ADJ
cblr-10941	430	6	way	way	NOUN
cblr-10941	430	7	the	the	DET
cblr-10941	430	8	entrepreneurs	entrepreneur	NOUN
cblr-10941	430	9	motivate	motivate	VERB
cblr-10941	430	10	their	their	PRON
cblr-10941	430	11	employees	employee	NOUN
cblr-10941	430	12	:	:	PUNCT
cblr-10941	430	13	with	with	ADP
cblr-10941	430	14	strong	strong	ADJ
cblr-10941	430	15	equity	equity	NOUN
cblr-10941	430	16	incentives	incentive	NOUN
cblr-10941	430	17	.	.	PUNCT
cblr-10941	431	1	vcs	vcs	PROPN
cblr-10941	431	2	invest	invest	VERB
cblr-10941	431	3	in	in	ADP
cblr-10941	431	4	startups	startup	NOUN
cblr-10941	431	5	through	through	ADP
cblr-10941	431	6	convertible	convertible	ADJ
cblr-10941	431	7	industrial	industrial	ADJ
cblr-10941	431	8	districts	district	NOUN
cblr-10941	431	9	:	:	PUNCT
cblr-10941	431	10	silicon	silicon	NOUN
cblr-10941	431	11	valley	valley	PROPN
cblr-10941	431	12	,	,	PUNCT
cblr-10941	431	13	route	route	NOUN
cblr-10941	431	14	128	128	NUM
cblr-10941	431	15	,	,	PUNCT
cblr-10941	431	16	and	and	CCONJ
cblr-10941	431	17	covenants	covenant	NOUN
cblr-10941	431	18	not	not	PART
cblr-10941	431	19	to	to	PART
cblr-10941	431	20	compete	compete	VERB
cblr-10941	431	21	,	,	PUNCT
cblr-10941	431	22	74	74	NUM
cblr-10941	431	23	n.y.u	n.y.u	NOUN
cblr-10941	431	24	.	.	PUNCT
cblr-10941	432	1	l.	l.	PROPN
cblr-10941	432	2	rev	rev	PROPN
cblr-10941	432	3	.	.	PROPN
cblr-10941	432	4	575	575	NUM
cblr-10941	432	5	,	,	PUNCT
cblr-10941	432	6	607–09	607–09	PROPN
cblr-10941	432	7	(	(	PUNCT
cblr-10941	432	8	1999	1999	NUM
cblr-10941	432	9	)	)	PUNCT
cblr-10941	432	10	.	.	PUNCT
cblr-10941	433	1	110	110	NUM
cblr-10941	433	2	see	see	VERB
cblr-10941	433	3	aran	aran	NOUN
cblr-10941	433	4	,	,	PUNCT
cblr-10941	433	5	supra	supra	PROPN
cblr-10941	433	6	note	note	NOUN
cblr-10941	433	7	105	105	NUM
cblr-10941	433	8	,	,	PUNCT
cblr-10941	433	9	at	at	ADP
cblr-10941	433	10	1268–73	1268–73	ADJ
cblr-10941	433	11	.	.	PUNCT
cblr-10941	434	1	111	111	NUM
cblr-10941	434	2	paul	paul	PROPN
cblr-10941	434	3	a.	a.	NOUN
cblr-10941	434	4	gompers	gompers	PROPN
cblr-10941	434	5	et	et	PROPN
cblr-10941	434	6	al	al	PROPN
cblr-10941	434	7	.	.	PROPN
cblr-10941	434	8	,	,	PUNCT
cblr-10941	434	9	how	how	SCONJ
cblr-10941	434	10	do	do	AUX
cblr-10941	434	11	venture	venture	NOUN
cblr-10941	434	12	capitalists	capitalist	NOUN
cblr-10941	434	13	make	make	VERB
cblr-10941	434	14	decisions	decision	NOUN
cblr-10941	434	15	?	?	PUNCT
cblr-10941	434	16	,	,	PUNCT
cblr-10941	434	17	135	135	NUM
cblr-10941	434	18	j.	j.	PROPN
cblr-10941	434	19	fin	fin	PROPN
cblr-10941	434	20	.	.	PUNCT
cblr-10941	434	21	econ	econ	PROPN
cblr-10941	434	22	.	.	PUNCT
cblr-10941	434	23	169	169	NUM
cblr-10941	434	24	,	,	PUNCT
cblr-10941	434	25	170	170	NUM
cblr-10941	434	26	(	(	PUNCT
cblr-10941	434	27	2020	2020	NUM
cblr-10941	434	28	)	)	PUNCT
cblr-10941	434	29	.	.	PUNCT
cblr-10941	435	1	112	112	NUM
cblr-10941	435	2	see	see	VERB
cblr-10941	435	3	gompers	gomper	NOUN
cblr-10941	435	4	&	&	CCONJ
cblr-10941	435	5	lerner	lerner	PROPN
cblr-10941	435	6	,	,	PUNCT
cblr-10941	435	7	supra	supra	PROPN
cblr-10941	435	8	note	note	PROPN
cblr-10941	435	9	21	21	NUM
cblr-10941	435	10	,	,	PUNCT
cblr-10941	435	11	at	at	ADP
cblr-10941	435	12	244	244	NUM
cblr-10941	435	13	;	;	PUNCT
cblr-10941	435	14	sahlman	sahlman	NOUN
cblr-10941	435	15	,	,	PUNCT
cblr-10941	435	16	supra	supra	PROPN
cblr-10941	435	17	note	note	PROPN
cblr-10941	435	18	21	21	NUM
cblr-10941	435	19	,	,	PUNCT
cblr-10941	435	20	at	at	ADP
cblr-10941	435	21	506	506	NUM
cblr-10941	435	22	;	;	PUNCT
cblr-10941	435	23	see	see	VERB
cblr-10941	435	24	also	also	ADV
cblr-10941	435	25	steven	steven	PROPN
cblr-10941	435	26	n.	n.	PROPN
cblr-10941	435	27	kaplan	kaplan	PROPN
cblr-10941	435	28	&	&	CCONJ
cblr-10941	435	29	per	per	ADP
cblr-10941	435	30	strömberg	strömberg	NOUN
cblr-10941	435	31	,	,	PUNCT
cblr-10941	435	32	financial	financial	ADJ
cblr-10941	435	33	contracting	contracting	NOUN
cblr-10941	435	34	theory	theory	NOUN
cblr-10941	435	35	meets	meet	VERB
cblr-10941	435	36	the	the	DET
cblr-10941	435	37	real	real	ADJ
cblr-10941	435	38	world	world	NOUN
cblr-10941	435	39	:	:	PUNCT
cblr-10941	435	40	an	an	DET
cblr-10941	435	41	empirical	empirical	ADJ
cblr-10941	435	42	analysis	analysis	NOUN
cblr-10941	435	43	of	of	ADP
cblr-10941	435	44	venture	venture	NOUN
cblr-10941	435	45	capital	capital	NOUN
cblr-10941	435	46	contracts	contract	NOUN
cblr-10941	435	47	,	,	PUNCT
cblr-10941	435	48	70	70	NUM
cblr-10941	435	49	rev	rev	X
cblr-10941	435	50	.	.	PROPN
cblr-10941	435	51	econ	econ	PROPN
cblr-10941	435	52	.	.	PUNCT
cblr-10941	435	53	stud	stud	PROPN
cblr-10941	435	54	.	.	PUNCT
cblr-10941	436	1	281	281	NUM
cblr-10941	436	2	,	,	PUNCT
cblr-10941	436	3	287–89	287–89	NUM
cblr-10941	436	4	(	(	PUNCT
cblr-10941	436	5	2003	2003	NUM
cblr-10941	436	6	)	)	PUNCT
cblr-10941	436	7	(	(	PUNCT
cblr-10941	436	8	finding	find	VERB
cblr-10941	436	9	that	that	SCONJ
cblr-10941	436	10	vcs	vcs	PROPN
cblr-10941	436	11	obtain	obtain	VERB
cblr-10941	436	12	the	the	DET
cblr-10941	436	13	right	right	NOUN
cblr-10941	436	14	to	to	ADP
cblr-10941	436	15	a	a	DET
cblr-10941	436	16	board	board	NOUN
cblr-10941	436	17	seat	seat	NOUN
cblr-10941	436	18	in	in	ADP
cblr-10941	436	19	40	40	NUM
cblr-10941	436	20	%	%	NOUN
cblr-10941	436	21	of	of	ADP
cblr-10941	436	22	cases	case	NOUN
cblr-10941	436	23	in	in	ADP
cblr-10941	436	24	a	a	DET
cblr-10941	436	25	sample	sample	NOUN
cblr-10941	436	26	of	of	ADP
cblr-10941	436	27	213	213	NUM
cblr-10941	436	28	vc	vc	NOUN
cblr-10941	436	29	investments	investment	NOUN
cblr-10941	436	30	in	in	ADP
cblr-10941	436	31	119	119	NUM
cblr-10941	436	32	startups	startup	NOUN
cblr-10941	436	33	)	)	PUNCT
cblr-10941	436	34	.	.	PUNCT
cblr-10941	437	1	886	886	NUM
cblr-10941	437	2	columbia	columbia	PROPN
cblr-10941	437	3	business	business	NOUN
cblr-10941	437	4	law	law	PROPN
cblr-10941	437	5	review	review	NOUN
cblr-10941	437	6	[	[	X
cblr-10941	437	7	vol	vol	NOUN
cblr-10941	437	8	.	.	PUNCT
cblr-10941	437	9	2022	2022	NUM
cblr-10941	437	10	preferred	preferred	ADJ
cblr-10941	437	11	stock.113	stock.113	NOUN
cblr-10941	437	12	in	in	ADP
cblr-10941	437	13	a	a	DET
cblr-10941	437	14	successful	successful	ADJ
cblr-10941	437	15	acquisition	acquisition	NOUN
cblr-10941	437	16	or	or	CCONJ
cblr-10941	437	17	ipo	ipo	NOUN
cblr-10941	437	18	,	,	PUNCT
cblr-10941	437	19	the	the	DET
cblr-10941	437	20	vcs	vcs	PROPN
cblr-10941	437	21	will	will	AUX
cblr-10941	437	22	convert	convert	VERB
cblr-10941	437	23	their	their	PRON
cblr-10941	437	24	preferred	preferred	ADJ
cblr-10941	437	25	stock	stock	NOUN
cblr-10941	437	26	to	to	ADP
cblr-10941	437	27	common	common	ADJ
cblr-10941	437	28	stock	stock	NOUN
cblr-10941	437	29	,	,	PUNCT
cblr-10941	437	30	the	the	DET
cblr-10941	437	31	same	same	ADJ
cblr-10941	437	32	class	class	NOUN
cblr-10941	437	33	of	of	ADP
cblr-10941	437	34	stock	stock	NOUN
cblr-10941	437	35	that	that	PRON
cblr-10941	437	36	the	the	DET
cblr-10941	437	37	entrepreneurs	entrepreneur	NOUN
cblr-10941	437	38	and	and	CCONJ
cblr-10941	437	39	employees	employee	NOUN
cblr-10941	437	40	have	have	VERB
cblr-10941	437	41	.	.	PUNCT
cblr-10941	438	1	but	but	CCONJ
cblr-10941	438	2	in	in	ADP
cblr-10941	438	3	a	a	DET
cblr-10941	438	4	less	less	ADV
cblr-10941	438	5	successful	successful	ADJ
cblr-10941	438	6	exit	exit	NOUN
cblr-10941	438	7	,	,	PUNCT
cblr-10941	438	8	the	the	DET
cblr-10941	438	9	vcs	vcs	PROPN
cblr-10941	438	10	preferred	prefer	VERB
cblr-10941	438	11	stock	stock	NOUN
cblr-10941	438	12	gives	give	VERB
cblr-10941	438	13	them	they	PRON
cblr-10941	438	14	a	a	DET
cblr-10941	438	15	better	well	ADJ
cblr-10941	438	16	payout	payout	NOUN
cblr-10941	438	17	than	than	ADP
cblr-10941	438	18	the	the	DET
cblr-10941	438	19	startup	startup	NOUN
cblr-10941	438	20	’s	’s	PART
cblr-10941	438	21	employees	employee	NOUN
cblr-10941	438	22	.	.	PUNCT
cblr-10941	439	1	the	the	DET
cblr-10941	439	2	preferred	preferred	ADJ
cblr-10941	439	3	stock	stock	NOUN
cblr-10941	439	4	carries	carry	VERB
cblr-10941	439	5	a	a	DET
cblr-10941	439	6	liquidation	liquidation	NOUN
cblr-10941	439	7	preference	preference	NOUN
cblr-10941	439	8	that	that	PRON
cblr-10941	439	9	typically	typically	ADV
cblr-10941	439	10	entitles	entitle	VERB
cblr-10941	439	11	the	the	DET
cblr-10941	439	12	vcs	vcs	PROPN
cblr-10941	439	13	to	to	PART
cblr-10941	439	14	have	have	VERB
cblr-10941	439	15	their	their	PRON
cblr-10941	439	16	investment	investment	NOUN
cblr-10941	439	17	paid	pay	VERB
cblr-10941	439	18	back	back	ADV
cblr-10941	439	19	before	before	SCONJ
cblr-10941	439	20	common	common	ADJ
cblr-10941	439	21	shareholders	shareholder	NOUN
cblr-10941	439	22	get	get	VERB
cblr-10941	439	23	a	a	DET
cblr-10941	439	24	penny.114	penny.114	NOUN
cblr-10941	439	25	vcs	vcs	NOUN
cblr-10941	439	26	’	'	PUNCT
cblr-10941	439	27	convertible	convertible	ADJ
cblr-10941	439	28	preferred	preferred	ADJ
cblr-10941	439	29	stock	stock	NOUN
cblr-10941	439	30	aligns	align	VERB
cblr-10941	439	31	vcs	vcs	NOUN
cblr-10941	439	32	and	and	CCONJ
cblr-10941	439	33	entrepreneurs	entrepreneur	NOUN
cblr-10941	439	34	towards	towards	ADP
cblr-10941	439	35	the	the	DET
cblr-10941	439	36	goal	goal	NOUN
cblr-10941	439	37	of	of	ADP
cblr-10941	439	38	maximizing	maximize	VERB
cblr-10941	439	39	the	the	DET
cblr-10941	439	40	value	value	NOUN
cblr-10941	439	41	of	of	ADP
cblr-10941	439	42	the	the	DET
cblr-10941	439	43	common	common	ADJ
cblr-10941	439	44	stock	stock	NOUN
cblr-10941	439	45	.	.	PUNCT
cblr-10941	440	1	entrepreneurs	entrepreneur	NOUN
cblr-10941	440	2	know	know	VERB
cblr-10941	440	3	that	that	SCONJ
cblr-10941	440	4	a	a	DET
cblr-10941	440	5	lukewarm	lukewarm	ADJ
cblr-10941	440	6	exit	exit	NOUN
cblr-10941	440	7	will	will	AUX
cblr-10941	440	8	leave	leave	VERB
cblr-10941	440	9	them	they	PRON
cblr-10941	440	10	with	with	ADP
cblr-10941	440	11	nothing	nothing	PRON
cblr-10941	440	12	.	.	PUNCT
cblr-10941	441	1	vcs	vcs	PROPN
cblr-10941	441	2	finance	finance	NOUN
cblr-10941	441	3	startups	startup	NOUN
cblr-10941	441	4	in	in	ADP
cblr-10941	441	5	stages	stage	NOUN
cblr-10941	441	6	.	.	PUNCT
cblr-10941	442	1	they	they	PRON
cblr-10941	442	2	do	do	AUX
cblr-10941	442	3	n’t	not	PART
cblr-10941	442	4	fund	fund	VERB
cblr-10941	442	5	the	the	DET
cblr-10941	442	6	entire	entire	ADJ
cblr-10941	442	7	commercialization	commercialization	NOUN
cblr-10941	442	8	process	process	NOUN
cblr-10941	442	9	upfront	upfront	NOUN
cblr-10941	442	10	.	.	PUNCT
cblr-10941	443	1	instead	instead	ADV
cblr-10941	443	2	,	,	PUNCT
cblr-10941	443	3	they	they	PRON
cblr-10941	443	4	invest	invest	VERB
cblr-10941	443	5	in	in	ADP
cblr-10941	443	6	startups	startup	NOUN
cblr-10941	443	7	in	in	ADP
cblr-10941	443	8	rounds	round	NOUN
cblr-10941	443	9	that	that	PRON
cblr-10941	443	10	fund	fund	NOUN
cblr-10941	443	11	operations	operation	NOUN
cblr-10941	443	12	for	for	ADP
cblr-10941	443	13	the	the	DET
cblr-10941	443	14	next	next	ADJ
cblr-10941	443	15	twelve	twelve	NUM
cblr-10941	443	16	to	to	PART
cblr-10941	443	17	twenty	twenty	NUM
cblr-10941	443	18	-	-	PUNCT
cblr-10941	443	19	four	four	NUM
cblr-10941	443	20	months.115	months.115	NOUN
cblr-10941	443	21	a	a	DET
cblr-10941	443	22	vc	vc	NOUN
cblr-10941	443	23	’s	’s	PART
cblr-10941	443	24	credible	credible	ADJ
cblr-10941	443	25	threat	threat	NOUN
cblr-10941	443	26	to	to	PART
cblr-10941	443	27	not	not	PART
cblr-10941	443	28	fund	fund	VERB
cblr-10941	443	29	the	the	DET
cblr-10941	443	30	next	next	ADJ
cblr-10941	443	31	round	round	NOUN
cblr-10941	443	32	creates	create	VERB
cblr-10941	443	33	another	another	DET
cblr-10941	443	34	strong	strong	ADJ
cblr-10941	443	35	incentive	incentive	NOUN
cblr-10941	443	36	for	for	SCONJ
cblr-10941	443	37	the	the	DET
cblr-10941	443	38	entrepreneurs	entrepreneur	NOUN
cblr-10941	443	39	to	to	PART
cblr-10941	443	40	perform.116	perform.116	VERB
cblr-10941	443	41	it	it	PRON
cblr-10941	443	42	might	might	AUX
cblr-10941	443	43	appear	appear	VERB
cblr-10941	443	44	that	that	PRON
cblr-10941	443	45	staged	stage	VERB
cblr-10941	443	46	financing	financing	NOUN
cblr-10941	443	47	could	could	AUX
cblr-10941	443	48	function	function	VERB
cblr-10941	443	49	as	as	ADP
cblr-10941	443	50	an	an	DET
cblr-10941	443	51	interim	interim	ADJ
cblr-10941	443	52	review	review	NOUN
cblr-10941	443	53	that	that	PRON
cblr-10941	443	54	would	would	AUX
cblr-10941	443	55	push	push	VERB
cblr-10941	443	56	entrepreneurs	entrepreneur	NOUN
cblr-10941	443	57	to	to	PART
cblr-10941	443	58	select	select	VERB
cblr-10941	443	59	projects	project	NOUN
cblr-10941	443	60	that	that	PRON
cblr-10941	443	61	will	will	AUX
cblr-10941	443	62	impress	impress	VERB
cblr-10941	443	63	vcs	vcs	PROPN
cblr-10941	443	64	at	at	ADP
cblr-10941	443	65	the	the	DET
cblr-10941	443	66	time	time	NOUN
cblr-10941	443	67	of	of	ADP
cblr-10941	443	68	the	the	DET
cblr-10941	443	69	next	next	ADJ
cblr-10941	443	70	round	round	NOUN
cblr-10941	443	71	rather	rather	ADV
cblr-10941	443	72	than	than	ADP
cblr-10941	443	73	projects	project	NOUN
cblr-10941	443	74	that	that	PRON
cblr-10941	443	75	will	will	AUX
cblr-10941	443	76	pay	pay	VERB
cblr-10941	443	77	off	off	ADP
cblr-10941	443	78	over	over	ADP
cblr-10941	443	79	a	a	DET
cblr-10941	443	80	longer	long	ADJ
cblr-10941	443	81	term	term	NOUN
cblr-10941	443	82	.	.	PUNCT
cblr-10941	444	1	but	but	CCONJ
cblr-10941	444	2	vcs	vcs	PROPN
cblr-10941	444	3	have	have	VERB
cblr-10941	444	4	a	a	DET
cblr-10941	444	5	greater	great	ADJ
cblr-10941	444	6	ability	ability	NOUN
cblr-10941	444	7	to	to	PART
cblr-10941	444	8	absorb	absorb	VERB
cblr-10941	444	9	tacit	tacit	ADJ
cblr-10941	444	10	,	,	PUNCT
cblr-10941	444	11	confidential	confidential	ADJ
cblr-10941	444	12	,	,	PUNCT
cblr-10941	444	13	or	or	CCONJ
cblr-10941	444	14	qualitative	qualitative	ADJ
cblr-10941	444	15	information	information	NOUN
cblr-10941	444	16	than	than	SCONJ
cblr-10941	444	17	public	public	ADJ
cblr-10941	444	18	company	company	NOUN
cblr-10941	444	19	shareholders	shareholder	NOUN
cblr-10941	444	20	do	do	VERB
cblr-10941	444	21	.	.	PUNCT
cblr-10941	445	1	the	the	DET
cblr-10941	445	2	time	time	NOUN
cblr-10941	445	3	that	that	PRON
cblr-10941	445	4	vcs	vcs	PROPN
cblr-10941	445	5	spend	spend	VERB
cblr-10941	445	6	in	in	ADP
cblr-10941	445	7	board	board	NOUN
cblr-10941	445	8	meetings	meeting	NOUN
cblr-10941	445	9	gives	give	VERB
cblr-10941	445	10	them	they	PRON
cblr-10941	445	11	a	a	DET
cblr-10941	445	12	more	more	ADV
cblr-10941	445	13	sophisticated	sophisticated	ADJ
cblr-10941	445	14	understanding	understanding	NOUN
cblr-10941	445	15	of	of	ADP
cblr-10941	445	16	the	the	DET
cblr-10941	445	17	startup	startup	NOUN
cblr-10941	445	18	’s	’s	PART
cblr-10941	445	19	technology	technology	NOUN
cblr-10941	445	20	and	and	CCONJ
cblr-10941	445	21	reduces	reduce	VERB
cblr-10941	445	22	the	the	DET
cblr-10941	445	23	information	information	NOUN
cblr-10941	445	24	asymmetry	asymmetry	NOUN
cblr-10941	445	25	between	between	ADP
cblr-10941	445	26	the	the	DET
cblr-10941	445	27	vcs	vcs	PROPN
cblr-10941	445	28	and	and	CCONJ
cblr-10941	445	29	the	the	DET
cblr-10941	445	30	entrepreneurs	entrepreneur	NOUN
cblr-10941	445	31	.	.	PUNCT
cblr-10941	446	1	the	the	DET
cblr-10941	446	2	combination	combination	NOUN
cblr-10941	446	3	of	of	ADP
cblr-10941	446	4	the	the	DET
cblr-10941	446	5	vc	vc	PROPN
cblr-10941	446	6	’s	’s	PART
cblr-10941	446	7	power	power	NOUN
cblr-10941	446	8	to	to	PART
cblr-10941	446	9	discontinue	discontinue	VERB
cblr-10941	446	10	funding	funding	NOUN
cblr-10941	446	11	if	if	SCONJ
cblr-10941	446	12	internal	internal	ADJ
cblr-10941	446	13	milestones	milestone	NOUN
cblr-10941	446	14	are	be	AUX
cblr-10941	446	15	n’t	not	PART
cblr-10941	446	16	met	meet	VERB
cblr-10941	446	17	and	and	CCONJ
cblr-10941	446	18	the	the	DET
cblr-10941	446	19	privacy	privacy	NOUN
cblr-10941	446	20	of	of	ADP
cblr-10941	446	21	board	board	PROPN
cblr-10941	446	22	113	113	NUM
cblr-10941	446	23	ronald	ronald	PROPN
cblr-10941	446	24	j.	j.	PROPN
cblr-10941	446	25	gilson	gilson	PROPN
cblr-10941	446	26	&	&	CCONJ
cblr-10941	446	27	david	david	PROPN
cblr-10941	446	28	m.	m.	PROPN
cblr-10941	446	29	schizer	schizer	PROPN
cblr-10941	446	30	,	,	PUNCT
cblr-10941	446	31	understanding	understand	VERB
cblr-10941	446	32	venture	venture	NOUN
cblr-10941	446	33	capital	capital	NOUN
cblr-10941	446	34	structure	structure	NOUN
cblr-10941	446	35	:	:	PUNCT
cblr-10941	446	36	a	a	DET
cblr-10941	446	37	tax	tax	NOUN
cblr-10941	446	38	explanation	explanation	NOUN
cblr-10941	446	39	for	for	ADP
cblr-10941	446	40	convertible	convertible	ADJ
cblr-10941	446	41	preferred	preferred	ADJ
cblr-10941	446	42	stock	stock	NOUN
cblr-10941	446	43	,	,	PUNCT
cblr-10941	446	44	116	116	NUM
cblr-10941	446	45	harv	harv	NOUN
cblr-10941	446	46	.	.	PUNCT
cblr-10941	447	1	l.	l.	PROPN
cblr-10941	447	2	rev	rev	PROPN
cblr-10941	447	3	.	.	PROPN
cblr-10941	447	4	874	874	NUM
cblr-10941	447	5	,	,	PUNCT
cblr-10941	447	6	879	879	NUM
cblr-10941	447	7	(	(	PUNCT
cblr-10941	447	8	2003	2003	NUM
cblr-10941	447	9	)	)	PUNCT
cblr-10941	447	10	.	.	PUNCT
cblr-10941	448	1	114	114	NUM
cblr-10941	448	2	see	see	VERB
cblr-10941	448	3	brian	brian	PROPN
cblr-10941	448	4	j.	j.	PROPN
cblr-10941	448	5	broughman	broughman	PROPN
cblr-10941	448	6	&	&	CCONJ
cblr-10941	448	7	jesse	jesse	PROPN
cblr-10941	448	8	m.	m.	PROPN
cblr-10941	448	9	fried	fried	PROPN
cblr-10941	448	10	,	,	PUNCT
cblr-10941	448	11	carrots	carrot	NOUN
cblr-10941	448	12	and	and	CCONJ
cblr-10941	448	13	sticks	stick	NOUN
cblr-10941	448	14	:	:	PUNCT
cblr-10941	448	15	how	how	SCONJ
cblr-10941	448	16	vcs	vcs	NOUN
cblr-10941	448	17	induce	induce	VERB
cblr-10941	448	18	entrepreneurial	entrepreneurial	ADJ
cblr-10941	448	19	teams	team	NOUN
cblr-10941	448	20	to	to	PART
cblr-10941	448	21	sell	sell	VERB
cblr-10941	448	22	startups	startup	NOUN
cblr-10941	448	23	,	,	PUNCT
cblr-10941	448	24	98	98	NUM
cblr-10941	448	25	cornell	cornell	PROPN
cblr-10941	448	26	l.	l.	PROPN
cblr-10941	448	27	rev	rev	PROPN
cblr-10941	448	28	.	.	PROPN
cblr-10941	448	29	1319	1319	NUM
cblr-10941	448	30	,	,	PUNCT
cblr-10941	448	31	1343	1343	NUM
cblr-10941	448	32	(	(	PUNCT
cblr-10941	448	33	2013	2013	NUM
cblr-10941	448	34	)	)	PUNCT
cblr-10941	448	35	.	.	PUNCT
cblr-10941	449	1	115	115	NUM
cblr-10941	449	2	scott	scott	PROPN
cblr-10941	449	3	kupor	kupor	PROPN
cblr-10941	449	4	,	,	PUNCT
cblr-10941	449	5	secrets	secret	NOUN
cblr-10941	449	6	of	of	ADP
cblr-10941	449	7	sand	sand	NOUN
cblr-10941	449	8	hill	hill	NOUN
cblr-10941	449	9	road	road	NOUN
cblr-10941	449	10	116	116	NUM
cblr-10941	449	11	(	(	PUNCT
cblr-10941	449	12	2019	2019	NUM
cblr-10941	449	13	)	)	PUNCT
cblr-10941	449	14	.	.	PUNCT
cblr-10941	450	1	116	116	NUM
cblr-10941	450	2	see	see	VERB
cblr-10941	450	3	gompers	gomper	NOUN
cblr-10941	450	4	&	&	CCONJ
cblr-10941	450	5	lerner	lerner	PROPN
cblr-10941	450	6	,	,	PUNCT
cblr-10941	450	7	supra	supra	PROPN
cblr-10941	450	8	note	note	PROPN
cblr-10941	450	9	21	21	NUM
cblr-10941	450	10	,	,	PUNCT
cblr-10941	450	11	at	at	ADP
cblr-10941	450	12	171–200	171–200	NUM
cblr-10941	450	13	(	(	PUNCT
cblr-10941	450	14	discussing	discuss	VERB
cblr-10941	450	15	the	the	DET
cblr-10941	450	16	incentives	incentive	NOUN
cblr-10941	450	17	within	within	ADP
cblr-10941	450	18	each	each	DET
cblr-10941	450	19	stage	stage	NOUN
cblr-10941	450	20	of	of	ADP
cblr-10941	450	21	the	the	DET
cblr-10941	450	22	investment	investment	NOUN
cblr-10941	450	23	life	life	NOUN
cblr-10941	450	24	cycle	cycle	NOUN
cblr-10941	450	25	)	)	PUNCT
cblr-10941	450	26	;	;	PUNCT
cblr-10941	450	27	sahlman	sahlman	NOUN
cblr-10941	450	28	,	,	PUNCT
cblr-10941	450	29	supra	supra	PROPN
cblr-10941	450	30	note	note	PROPN
cblr-10941	450	31	21	21	NUM
cblr-10941	450	32	,	,	PUNCT
cblr-10941	450	33	at	at	ADP
cblr-10941	450	34	506–07	506–07	NUM
cblr-10941	450	35	.	.	PUNCT
cblr-10941	451	1	no	no	INTJ
cblr-10941	451	2	.	.	PUNCT
cblr-10941	452	1	2:859	2:859	NUM
cblr-10941	452	2	]	]	PUNCT
cblr-10941	452	3	moonshots	moonshot	NOUN
cblr-10941	452	4	887	887	NUM
cblr-10941	452	5	meetings	meeting	NOUN
cblr-10941	452	6	creates	create	VERB
cblr-10941	452	7	incentives	incentive	NOUN
cblr-10941	452	8	for	for	SCONJ
cblr-10941	452	9	entrepreneurs	entrepreneur	NOUN
cblr-10941	452	10	to	to	PART
cblr-10941	452	11	make	make	VERB
cblr-10941	452	12	realistic	realistic	ADJ
cblr-10941	452	13	projections	projection	NOUN
cblr-10941	452	14	about	about	ADP
cblr-10941	452	15	future	future	ADJ
cblr-10941	452	16	progress.117	progress.117	VERB
cblr-10941	452	17	vcs	vcs	PROPN
cblr-10941	452	18	also	also	ADV
cblr-10941	452	19	syndicate	syndicate	VERB
cblr-10941	452	20	their	their	PRON
cblr-10941	452	21	investments.118	investments.118	NUM
cblr-10941	452	22	one	one	NUM
cblr-10941	452	23	vc	vc	NOUN
cblr-10941	452	24	firm	firm	NOUN
cblr-10941	452	25	will	will	AUX
cblr-10941	452	26	lead	lead	VERB
cblr-10941	452	27	a	a	DET
cblr-10941	452	28	fundraising	fundraising	NOUN
cblr-10941	452	29	round	round	NOUN
cblr-10941	452	30	(	(	PUNCT
cblr-10941	452	31	invest	invest	VERB
cblr-10941	452	32	the	the	DET
cblr-10941	452	33	largest	large	ADJ
cblr-10941	452	34	share	share	NOUN
cblr-10941	452	35	)	)	PUNCT
cblr-10941	452	36	and	and	CCONJ
cblr-10941	452	37	other	other	ADJ
cblr-10941	452	38	vc	vc	PROPN
cblr-10941	452	39	firms	firm	NOUN
cblr-10941	452	40	will	will	AUX
cblr-10941	452	41	follow	follow	VERB
cblr-10941	452	42	(	(	PUNCT
cblr-10941	452	43	invest	invest	VERB
cblr-10941	452	44	more	more	ADV
cblr-10941	452	45	modest	modest	ADJ
cblr-10941	452	46	shares	share	NOUN
cblr-10941	452	47	)	)	PUNCT
cblr-10941	452	48	.	.	PUNCT
cblr-10941	453	1	syndication	syndication	NOUN
cblr-10941	453	2	allows	allow	VERB
cblr-10941	453	3	vcs	vcs	PROPN
cblr-10941	453	4	to	to	PART
cblr-10941	453	5	diversify	diversify	VERB
cblr-10941	453	6	their	their	PRON
cblr-10941	453	7	risks	risk	NOUN
cblr-10941	453	8	and	and	CCONJ
cblr-10941	453	9	to	to	PART
cblr-10941	453	10	invest	invest	VERB
cblr-10941	453	11	in	in	ADP
cblr-10941	453	12	more	more	ADJ
cblr-10941	453	13	startups	startup	NOUN
cblr-10941	453	14	than	than	SCONJ
cblr-10941	453	15	they	they	PRON
cblr-10941	453	16	could	could	AUX
cblr-10941	453	17	if	if	SCONJ
cblr-10941	453	18	they	they	PRON
cblr-10941	453	19	had	have	VERB
cblr-10941	453	20	to	to	PART
cblr-10941	453	21	fund	fund	VERB
cblr-10941	453	22	rounds	round	NOUN
cblr-10941	453	23	alone.119	alone.119	AUX
cblr-10941	453	24	vcs	vcs	PROPN
cblr-10941	453	25	gain	gain	VERB
cblr-10941	453	26	valuable	valuable	ADJ
cblr-10941	453	27	information	information	NOUN
cblr-10941	453	28	about	about	ADP
cblr-10941	453	29	the	the	DET
cblr-10941	453	30	startup	startup	NOUN
cblr-10941	453	31	’s	’s	PART
cblr-10941	453	32	value	value	NOUN
cblr-10941	453	33	from	from	ADP
cblr-10941	453	34	their	their	PRON
cblr-10941	453	35	well	well	ADV
cblr-10941	453	36	-	-	PUNCT
cblr-10941	453	37	informed	inform	VERB
cblr-10941	453	38	and	and	CCONJ
cblr-10941	453	39	similarly	similarly	ADV
cblr-10941	453	40	-	-	PUNCT
cblr-10941	453	41	motivated	motivate	VERB
cblr-10941	453	42	co	co	NOUN
cblr-10941	453	43	-	-	NOUN
cblr-10941	453	44	investors.120	investors.120	PROPN
cblr-10941	453	45	for	for	ADP
cblr-10941	453	46	example	example	NOUN
cblr-10941	453	47	,	,	PUNCT
cblr-10941	453	48	many	many	ADJ
cblr-10941	453	49	vcs	vcs	PROPN
cblr-10941	453	50	would	would	AUX
cblr-10941	453	51	feel	feel	VERB
cblr-10941	453	52	more	more	ADV
cblr-10941	453	53	confident	confident	ADJ
cblr-10941	453	54	investing	investing	NOUN
cblr-10941	453	55	in	in	ADP
cblr-10941	453	56	a	a	DET
cblr-10941	453	57	startup	startup	NOUN
cblr-10941	453	58	if	if	SCONJ
cblr-10941	453	59	sequoia	sequoia	NOUN
cblr-10941	453	60	were	be	AUX
cblr-10941	453	61	betting	bet	VERB
cblr-10941	453	62	on	on	ADP
cblr-10941	453	63	it	it	PRON
cblr-10941	453	64	too	too	ADV
cblr-10941	453	65	.	.	PUNCT
cblr-10941	454	1	the	the	DET
cblr-10941	454	2	combination	combination	NOUN
cblr-10941	454	3	of	of	ADP
cblr-10941	454	4	convertible	convertible	ADJ
cblr-10941	454	5	preferred	preferred	ADJ
cblr-10941	454	6	stock	stock	NOUN
cblr-10941	454	7	,	,	PUNCT
cblr-10941	454	8	staged	stage	VERB
cblr-10941	454	9	financing	financing	NOUN
cblr-10941	454	10	,	,	PUNCT
cblr-10941	454	11	and	and	CCONJ
cblr-10941	454	12	syndication	syndication	NOUN
cblr-10941	454	13	solves	solve	VERB
cblr-10941	454	14	the	the	DET
cblr-10941	454	15	agency	agency	NOUN
cblr-10941	454	16	problems	problem	NOUN
cblr-10941	454	17	between	between	ADP
cblr-10941	454	18	vcs	vcs	PROPN
cblr-10941	454	19	and	and	CCONJ
cblr-10941	454	20	entrepreneurs	entrepreneur	NOUN
cblr-10941	454	21	and	and	CCONJ
cblr-10941	454	22	enables	enable	VERB
cblr-10941	454	23	vcs	vcs	PROPN
cblr-10941	454	24	to	to	PART
cblr-10941	454	25	invest	invest	VERB
cblr-10941	454	26	in	in	ADP
cblr-10941	454	27	the	the	DET
cblr-10941	454	28	face	face	NOUN
cblr-10941	454	29	of	of	ADP
cblr-10941	454	30	extreme	extreme	ADJ
cblr-10941	454	31	uncertainty.121	uncertainty.121	ADJ
cblr-10941	454	32	the	the	DET
cblr-10941	454	33	structure	structure	NOUN
cblr-10941	454	34	of	of	ADP
cblr-10941	454	35	the	the	DET
cblr-10941	454	36	vc	vc	PROPN
cblr-10941	454	37	market	market	NOUN
cblr-10941	454	38	succeeds	succeed	VERB
cblr-10941	454	39	at	at	ADP
cblr-10941	454	40	producing	produce	VERB
cblr-10941	454	41	innovative	innovative	ADJ
cblr-10941	454	42	companies	company	NOUN
cblr-10941	454	43	.	.	PUNCT
cblr-10941	455	1	less	less	ADJ
cblr-10941	455	2	than	than	ADP
cblr-10941	455	3	0.5	0.5	NUM
cblr-10941	455	4	%	%	NOUN
cblr-10941	455	5	of	of	ADP
cblr-10941	455	6	u.s	u.s	PROPN
cblr-10941	455	7	.	.	PROPN
cblr-10941	455	8	companies	company	NOUN
cblr-10941	455	9	receive	receive	VERB
cblr-10941	455	10	vc	vc	PROPN
cblr-10941	455	11	funding,122	funding,122	PRON
cblr-10941	455	12	but	but	CCONJ
cblr-10941	455	13	those	those	DET
cblr-10941	455	14	companies	company	NOUN
cblr-10941	455	15	are	be	AUX
cblr-10941	455	16	disproportionately	disproportionately	ADV
cblr-10941	455	17	successful	successful	ADJ
cblr-10941	455	18	.	.	PUNCT
cblr-10941	456	1	vcs	vcs	PROPN
cblr-10941	456	2	backed	back	VERB
cblr-10941	456	3	56	56	NUM
cblr-10941	456	4	%	%	NOUN
cblr-10941	456	5	of	of	ADP
cblr-10941	456	6	the	the	DET
cblr-10941	456	7	companies	company	NOUN
cblr-10941	456	8	that	that	PRON
cblr-10941	456	9	went	go	VERB
cblr-10941	456	10	public	public	ADJ
cblr-10941	456	11	between	between	ADP
cblr-10941	456	12	1995	1995	NUM
cblr-10941	456	13	and	and	CCONJ
cblr-10941	456	14	2018	2018	NUM
cblr-10941	456	15	and	and	CCONJ
cblr-10941	456	16	were	be	AUX
cblr-10941	456	17	still	still	ADV
cblr-10941	456	18	alive	alive	ADJ
cblr-10941	456	19	in	in	ADP
cblr-10941	456	20	2019.123	2019.123	NUM
cblr-10941	456	21	among	among	ADP
cblr-10941	456	22	that	that	DET
cblr-10941	456	23	group	group	NOUN
cblr-10941	456	24	,	,	PUNCT
cblr-10941	456	25	the	the	DET
cblr-10941	456	26	former	former	ADJ
cblr-10941	456	27	venturebacked	venturebacke	VERB
cblr-10941	456	28	startups	startup	NOUN
cblr-10941	456	29	accounted	account	VERB
cblr-10941	456	30	for	for	ADP
cblr-10941	456	31	89	89	NUM
cblr-10941	456	32	%	%	NOUN
cblr-10941	456	33	of	of	ADP
cblr-10941	456	34	r&d	r&d	NOUN
cblr-10941	456	35	spending.124	spending.124	VERB
cblr-10941	456	36	the	the	DET
cblr-10941	456	37	patents	patent	NOUN
cblr-10941	456	38	that	that	PRON
cblr-10941	456	39	venture	venture	NOUN
cblr-10941	456	40	-	-	PUNCT
cblr-10941	456	41	backed	back	VERB
cblr-10941	456	42	companies	company	NOUN
cblr-10941	456	43	file	file	VERB
cblr-10941	456	44	are	be	AUX
cblr-10941	456	45	more	more	ADV
cblr-10941	456	46	general	general	ADJ
cblr-10941	456	47	,	,	PUNCT
cblr-10941	456	48	more	more	ADV
cblr-10941	456	49	original	original	ADJ
cblr-10941	456	50	,	,	PUNCT
cblr-10941	456	51	and	and	CCONJ
cblr-10941	456	52	more	more	ADV
cblr-10941	456	53	highly	highly	ADV
cblr-10941	456	54	cited	cite	VERB
cblr-10941	456	55	than	than	ADP
cblr-10941	456	56	patents	patent	NOUN
cblr-10941	456	57	filed	file	VERB
cblr-10941	456	58	by	by	ADP
cblr-10941	456	59	117	117	NUM
cblr-10941	456	60	gilson	gilson	NOUN
cblr-10941	456	61	,	,	PUNCT
cblr-10941	456	62	supra	supra	PROPN
cblr-10941	456	63	note	note	PROPN
cblr-10941	456	64	21	21	NUM
cblr-10941	456	65	,	,	PUNCT
cblr-10941	456	66	at	at	ADP
cblr-10941	456	67	1081	1081	NUM
cblr-10941	456	68	.	.	PUNCT
cblr-10941	457	1	118	118	NUM
cblr-10941	457	2	see	see	VERB
cblr-10941	457	3	gompers	gomper	NOUN
cblr-10941	457	4	&	&	CCONJ
cblr-10941	457	5	lerner	lerner	PROPN
cblr-10941	457	6	,	,	PUNCT
cblr-10941	457	7	supra	supra	PROPN
cblr-10941	457	8	note	note	PROPN
cblr-10941	457	9	21	21	NUM
cblr-10941	457	10	,	,	PUNCT
cblr-10941	457	11	at	at	ADP
cblr-10941	457	12	255–71	255–71	NUM
cblr-10941	457	13	.	.	PUNCT
cblr-10941	458	1	119	119	NUM
cblr-10941	458	2	see	see	VERB
cblr-10941	458	3	bartlett	bartlett	PROPN
cblr-10941	458	4	,	,	PUNCT
cblr-10941	458	5	supra	supra	PROPN
cblr-10941	458	6	note	note	PROPN
cblr-10941	458	7	21	21	NUM
cblr-10941	458	8	,	,	PUNCT
cblr-10941	458	9	at	at	ADP
cblr-10941	458	10	55	55	NUM
cblr-10941	458	11	.	.	PUNCT
cblr-10941	459	1	120	120	NUM
cblr-10941	459	2	see	see	VERB
cblr-10941	459	3	i	i	PRON
cblr-10941	459	4	d.	d.	PROPN
cblr-10941	459	5	at	at	ADP
cblr-10941	459	6	56	56	NUM
cblr-10941	459	7	.	.	NOUN
cblr-10941	459	8	121	121	NUM
cblr-10941	459	9	see	see	VERB
cblr-10941	459	10	i	i	PRON
cblr-10941	459	11	d.	d.	PROPN
cblr-10941	459	12	at	at	ADP
cblr-10941	459	13	52	52	NUM
cblr-10941	459	14	.	.	PUNCT
cblr-10941	460	1	122	122	NUM
cblr-10941	460	2	see	see	VERB
cblr-10941	460	3	manju	manju	PROPN
cblr-10941	460	4	puri	puri	PROPN
cblr-10941	460	5	&	&	CCONJ
cblr-10941	460	6	rebecca	rebecca	PROPN
cblr-10941	460	7	zarutskie	zarutskie	PROPN
cblr-10941	460	8	,	,	PUNCT
cblr-10941	460	9	on	on	ADP
cblr-10941	460	10	the	the	DET
cblr-10941	460	11	lifecycle	lifecycle	NOUN
cblr-10941	460	12	dynamics	dynamic	NOUN
cblr-10941	460	13	of	of	ADP
cblr-10941	460	14	venture	venture	NOUN
cblr-10941	460	15	-	-	PUNCT
cblr-10941	460	16	capitaland	capitaland	NOUN
cblr-10941	460	17	non	non	ADJ
cblr-10941	460	18	-	-	ADJ
cblr-10941	460	19	venture	venture	ADJ
cblr-10941	460	20	-	-	PUNCT
cblr-10941	460	21	capital	capital	NOUN
cblr-10941	460	22	-	-	PUNCT
cblr-10941	460	23	financed	finance	VERB
cblr-10941	460	24	firms	firm	NOUN
cblr-10941	460	25	,	,	PUNCT
cblr-10941	460	26	67	67	NUM
cblr-10941	460	27	j.	j.	PROPN
cblr-10941	460	28	fin	fin	PROPN
cblr-10941	460	29	.	.	PUNCT
cblr-10941	460	30	2247	2247	NUM
cblr-10941	460	31	,	,	PUNCT
cblr-10941	460	32	2248	2248	NUM
cblr-10941	460	33	(	(	PUNCT
cblr-10941	460	34	2012	2012	NUM
cblr-10941	460	35	)	)	PUNCT
cblr-10941	460	36	(	(	PUNCT
cblr-10941	460	37	finding	find	VERB
cblr-10941	460	38	that	that	SCONJ
cblr-10941	460	39	venture	venture	NOUN
cblr-10941	460	40	-	-	PUNCT
cblr-10941	460	41	backed	back	VERB
cblr-10941	460	42	startups	startup	NOUN
cblr-10941	460	43	accounted	account	VERB
cblr-10941	460	44	for	for	ADP
cblr-10941	460	45	0.11	0.11	NUM
cblr-10941	460	46	%	%	NOUN
cblr-10941	460	47	of	of	ADP
cblr-10941	460	48	companies	company	NOUN
cblr-10941	460	49	founded	found	VERB
cblr-10941	460	50	between	between	ADP
cblr-10941	460	51	1981	1981	NUM
cblr-10941	460	52	and	and	CCONJ
cblr-10941	460	53	2005	2005	NUM
cblr-10941	460	54	)	)	PUNCT
cblr-10941	460	55	.	.	PUNCT
cblr-10941	461	1	123	123	NUM
cblr-10941	461	2	lerner	lerner	PROPN
cblr-10941	461	3	&	&	CCONJ
cblr-10941	461	4	nanda	nanda	PROPN
cblr-10941	461	5	,	,	PUNCT
cblr-10941	461	6	supra	supra	PROPN
cblr-10941	461	7	note	note	NOUN
cblr-10941	461	8	28	28	NUM
cblr-10941	461	9	,	,	PUNCT
cblr-10941	461	10	at	at	ADP
cblr-10941	461	11	240	240	NUM
cblr-10941	461	12	.	.	PUNCT
cblr-10941	462	1	this	this	DET
cblr-10941	462	2	figure	figure	NOUN
cblr-10941	462	3	excludes	exclude	VERB
cblr-10941	462	4	financial	financial	ADJ
cblr-10941	462	5	companies	company	NOUN
cblr-10941	462	6	and	and	CCONJ
cblr-10941	462	7	companies	company	NOUN
cblr-10941	462	8	founded	found	VERB
cblr-10941	462	9	before	before	ADP
cblr-10941	462	10	1980	1980	NUM
cblr-10941	462	11	.	.	PUNCT
cblr-10941	463	1	for	for	ADP
cblr-10941	463	2	a	a	DET
cblr-10941	463	3	more	more	ADV
cblr-10941	463	4	detailed	detailed	ADJ
cblr-10941	463	5	analysis	analysis	NOUN
cblr-10941	463	6	using	use	VERB
cblr-10941	463	7	earlier	early	ADJ
cblr-10941	463	8	numbers	number	NOUN
cblr-10941	463	9	that	that	PRON
cblr-10941	463	10	reaches	reach	VERB
cblr-10941	463	11	similar	similar	ADJ
cblr-10941	463	12	conclusions	conclusion	NOUN
cblr-10941	463	13	,	,	PUNCT
cblr-10941	463	14	see	see	VERB
cblr-10941	463	15	will	will	AUX
cblr-10941	463	16	gornall	gornall	PROPN
cblr-10941	463	17	&	&	CCONJ
cblr-10941	463	18	ilya	ilya	PROPN
cblr-10941	463	19	a.	a.	PROPN
cblr-10941	463	20	strebulaev	strebulaev	PROPN
cblr-10941	463	21	,	,	PUNCT
cblr-10941	463	22	the	the	DET
cblr-10941	463	23	economic	economic	ADJ
cblr-10941	463	24	impact	impact	NOUN
cblr-10941	463	25	of	of	ADP
cblr-10941	463	26	venture	venture	NOUN
cblr-10941	463	27	capital	capital	NOUN
cblr-10941	463	28	:	:	PUNCT
cblr-10941	463	29	evidence	evidence	NOUN
cblr-10941	463	30	from	from	ADP
cblr-10941	463	31	public	public	ADJ
cblr-10941	463	32	companies	company	NOUN
cblr-10941	464	1	6–9	6–9	NUM
cblr-10941	464	2	(	(	PUNCT
cblr-10941	464	3	stanford	stanford	PROPN
cblr-10941	464	4	graduate	graduate	PROPN
cblr-10941	464	5	sch	sch	PROPN
cblr-10941	464	6	.	.	PROPN
cblr-10941	464	7	of	of	ADP
cblr-10941	464	8	bus	bus	NOUN
cblr-10941	464	9	.	.	PUNCT
cblr-10941	464	10	,	,	PUNCT
cblr-10941	464	11	working	work	VERB
cblr-10941	464	12	paper	paper	NOUN
cblr-10941	464	13	no	no	NOUN
cblr-10941	464	14	.	.	PROPN
cblr-10941	464	15	3362	3362	NUM
cblr-10941	464	16	,	,	PUNCT
cblr-10941	464	17	2015	2015	NUM
cblr-10941	464	18	)	)	PUNCT
cblr-10941	464	19	.	.	PUNCT
cblr-10941	465	1	124	124	NUM
cblr-10941	465	2	lerner	lerner	PROPN
cblr-10941	465	3	&	&	CCONJ
cblr-10941	465	4	nanda	nanda	PROPN
cblr-10941	465	5	,	,	PUNCT
cblr-10941	465	6	supra	supra	PROPN
cblr-10941	465	7	note	note	NOUN
cblr-10941	465	8	28	28	NUM
cblr-10941	465	9	,	,	PUNCT
cblr-10941	465	10	at	at	ADP
cblr-10941	465	11	241	241	NUM
cblr-10941	465	12	.	.	PROPN
cblr-10941	465	13	888	888	NUM
cblr-10941	465	14	columbia	columbia	PROPN
cblr-10941	465	15	business	business	PROPN
cblr-10941	465	16	law	law	PROPN
cblr-10941	465	17	review	review	NOUN
cblr-10941	465	18	[	[	X
cblr-10941	465	19	vol	vol	NOUN
cblr-10941	465	20	.	.	PUNCT
cblr-10941	465	21	2022	2022	NUM
cblr-10941	466	1	other	other	ADJ
cblr-10941	466	2	companies.125	companies.125	ADP
cblr-10941	466	3	some	some	PRON
cblr-10941	466	4	of	of	ADP
cblr-10941	466	5	the	the	DET
cblr-10941	466	6	largest	large	ADJ
cblr-10941	466	7	publicly	publicly	ADV
cblr-10941	466	8	traded	trade	VERB
cblr-10941	466	9	companies	company	NOUN
cblr-10941	466	10	—	—	PUNCT
cblr-10941	466	11	including	include	VERB
cblr-10941	466	12	alphabet	alphabet	NOUN
cblr-10941	466	13	,	,	PUNCT
cblr-10941	466	14	amazon	amazon	NOUN
cblr-10941	466	15	,	,	PUNCT
cblr-10941	466	16	apple	apple	NOUN
cblr-10941	466	17	,	,	PUNCT
cblr-10941	466	18	meta	meta	X
cblr-10941	466	19	,	,	PUNCT
cblr-10941	466	20	and	and	CCONJ
cblr-10941	466	21	microsoft	microsoft	PROPN
cblr-10941	466	22	—	—	PUNCT
cblr-10941	466	23	once	once	ADV
cblr-10941	466	24	received	receive	VERB
cblr-10941	466	25	vc	vc	PROPN
cblr-10941	466	26	funding.126	funding.126	NOUN
cblr-10941	466	27	but	but	CCONJ
cblr-10941	466	28	the	the	DET
cblr-10941	466	29	structure	structure	NOUN
cblr-10941	466	30	of	of	ADP
cblr-10941	466	31	the	the	DET
cblr-10941	466	32	vc	vc	PROPN
cblr-10941	466	33	market	market	NOUN
cblr-10941	466	34	encourages	encourage	VERB
cblr-10941	466	35	short	short	ADJ
cblr-10941	466	36	-	-	PUNCT
cblr-10941	466	37	term	term	NOUN
cblr-10941	466	38	innovation	innovation	NOUN
cblr-10941	466	39	.	.	PUNCT
cblr-10941	467	1	127	127	NUM
cblr-10941	467	2	the	the	DET
cblr-10941	467	3	underlying	underlying	ADJ
cblr-10941	467	4	problem	problem	NOUN
cblr-10941	467	5	is	be	AUX
cblr-10941	467	6	that	that	SCONJ
cblr-10941	467	7	vcs	vcs	PROPN
cblr-10941	467	8	do	do	AUX
cblr-10941	467	9	n’t	not	PART
cblr-10941	467	10	invest	invest	VERB
cblr-10941	467	11	their	their	PRON
cblr-10941	467	12	own	own	ADJ
cblr-10941	467	13	money	money	NOUN
cblr-10941	467	14	—	—	PUNCT
cblr-10941	467	15	they	they	PRON
cblr-10941	467	16	are	be	AUX
cblr-10941	467	17	intermediaries	intermediary	NOUN
cblr-10941	467	18	.	.	PUNCT
cblr-10941	468	1	that	that	PRON
cblr-10941	468	2	means	mean	VERB
cblr-10941	468	3	that	that	SCONJ
cblr-10941	468	4	the	the	DET
cblr-10941	468	5	vc	vc	PROPN
cblr-10941	468	6	market	market	NOUN
cblr-10941	468	7	has	have	VERB
cblr-10941	468	8	two	two	NUM
cblr-10941	468	9	levels	level	NOUN
cblr-10941	468	10	of	of	ADP
cblr-10941	468	11	monitoring	monitor	VERB
cblr-10941	468	12	problems	problem	NOUN
cblr-10941	468	13	.	.	PUNCT
cblr-10941	469	1	we	we	PRON
cblr-10941	469	2	have	have	AUX
cblr-10941	469	3	seen	see	VERB
cblr-10941	469	4	how	how	SCONJ
cblr-10941	469	5	vcs	vcs	PROPN
cblr-10941	469	6	solve	solve	VERB
cblr-10941	469	7	the	the	DET
cblr-10941	469	8	startup	startup	NOUN
cblr-10941	469	9	-	-	PUNCT
cblr-10941	469	10	level	level	NOUN
cblr-10941	469	11	monitoring	monitoring	NOUN
cblr-10941	469	12	problem	problem	NOUN
cblr-10941	469	13	,	,	PUNCT
cblr-10941	469	14	in	in	ADP
cblr-10941	469	15	which	which	PRON
cblr-10941	469	16	the	the	DET
cblr-10941	469	17	vcs	vcs	PROPN
cblr-10941	469	18	are	be	AUX
cblr-10941	469	19	the	the	DET
cblr-10941	469	20	principals	principal	NOUN
cblr-10941	469	21	,	,	PUNCT
cblr-10941	469	22	and	and	CCONJ
cblr-10941	469	23	the	the	DET
cblr-10941	469	24	entrepreneurs	entrepreneur	NOUN
cblr-10941	469	25	are	be	AUX
cblr-10941	469	26	their	their	PRON
cblr-10941	469	27	agents	agent	NOUN
cblr-10941	469	28	.	.	PUNCT
cblr-10941	470	1	but	but	CCONJ
cblr-10941	470	2	there	there	PRON
cblr-10941	470	3	is	be	VERB
cblr-10941	470	4	also	also	ADV
cblr-10941	470	5	a	a	DET
cblr-10941	470	6	fund	fund	NOUN
cblr-10941	470	7	-	-	PUNCT
cblr-10941	470	8	level	level	NOUN
cblr-10941	470	9	monitoring	monitoring	NOUN
cblr-10941	470	10	problem	problem	NOUN
cblr-10941	470	11	,	,	PUNCT
cblr-10941	470	12	in	in	ADP
cblr-10941	470	13	which	which	PRON
cblr-10941	470	14	vcs	vcs	PROPN
cblr-10941	470	15	are	be	AUX
cblr-10941	470	16	the	the	DET
cblr-10941	470	17	agents	agent	NOUN
cblr-10941	470	18	,	,	PUNCT
cblr-10941	470	19	and	and	CCONJ
cblr-10941	470	20	the	the	DET
cblr-10941	470	21	vcs	vcs	PROPN
cblr-10941	470	22	’	'	PUNCT
cblr-10941	470	23	investors	investor	NOUN
cblr-10941	470	24	are	be	AUX
cblr-10941	470	25	the	the	DET
cblr-10941	470	26	principals	principal	NOUN
cblr-10941	470	27	.	.	PUNCT
cblr-10941	471	1	128	128	NUM
cblr-10941	471	2	vc	vc	NOUN
cblr-10941	471	3	funds	fund	NOUN
cblr-10941	471	4	are	be	AUX
cblr-10941	471	5	organized	organize	VERB
cblr-10941	471	6	as	as	ADP
cblr-10941	471	7	limited	limit	VERB
cblr-10941	471	8	partnerships	partnership	NOUN
cblr-10941	471	9	with	with	ADP
cblr-10941	471	10	the	the	DET
cblr-10941	471	11	vcs	vcs	NOUN
cblr-10941	471	12	serving	serve	VERB
cblr-10941	471	13	as	as	ADP
cblr-10941	471	14	general	general	ADJ
cblr-10941	471	15	partners	partner	NOUN
cblr-10941	471	16	.	.	PUNCT
cblr-10941	472	1	the	the	DET
cblr-10941	472	2	limited	limited	ADJ
cblr-10941	472	3	partners	partner	NOUN
cblr-10941	472	4	(	(	PUNCT
cblr-10941	472	5	lps	lps	PROPN
cblr-10941	472	6	)	)	PUNCT
cblr-10941	472	7	are	be	AUX
cblr-10941	472	8	primarily	primarily	ADV
cblr-10941	472	9	institutional	institutional	ADJ
cblr-10941	472	10	investors	investor	NOUN
cblr-10941	472	11	—	—	PUNCT
cblr-10941	472	12	mutual	mutual	ADJ
cblr-10941	472	13	funds	fund	NOUN
cblr-10941	472	14	,	,	PUNCT
cblr-10941	472	15	pension	pension	NOUN
cblr-10941	472	16	funds	fund	NOUN
cblr-10941	472	17	,	,	PUNCT
cblr-10941	472	18	sovereign	sovereign	ADJ
cblr-10941	472	19	wealth	wealth	NOUN
cblr-10941	472	20	funds	fund	NOUN
cblr-10941	472	21	,	,	PUNCT
cblr-10941	472	22	and	and	CCONJ
cblr-10941	472	23	university	university	NOUN
cblr-10941	472	24	endowments.129	endowments.129	PROPN
cblr-10941	472	25	a	a	DET
cblr-10941	472	26	venture	venture	NOUN
cblr-10941	472	27	fund	fund	NOUN
cblr-10941	472	28	starts	start	VERB
cblr-10941	472	29	when	when	SCONJ
cblr-10941	472	30	vcs	vcs	PROPN
cblr-10941	472	31	raise	raise	VERB
cblr-10941	472	32	capital	capital	NOUN
cblr-10941	472	33	from	from	ADP
cblr-10941	472	34	lps	lps	PROPN
cblr-10941	472	35	.	.	PUNCT
cblr-10941	473	1	then	then	ADV
cblr-10941	473	2	the	the	DET
cblr-10941	473	3	vcs	vcs	PROPN
cblr-10941	473	4	invest	invest	VERB
cblr-10941	473	5	the	the	DET
cblr-10941	473	6	money	money	NOUN
cblr-10941	473	7	in	in	ADP
cblr-10941	473	8	a	a	DET
cblr-10941	473	9	portfolio	portfolio	NOUN
cblr-10941	473	10	of	of	ADP
cblr-10941	473	11	startups	startup	NOUN
cblr-10941	473	12	.	.	PUNCT
cblr-10941	474	1	vc	vc	PROPN
cblr-10941	474	2	funds	fund	NOUN
cblr-10941	474	3	typically	typically	ADV
cblr-10941	474	4	last	last	ADJ
cblr-10941	474	5	ten	ten	NUM
cblr-10941	474	6	years.130	years.130	NOUN
cblr-10941	474	7	some	some	DET
cblr-10941	474	8	vc	vc	PROPN
cblr-10941	474	9	partnership	partnership	NOUN
cblr-10941	474	10	agreements	agreement	NOUN
cblr-10941	474	11	permit	permit	VERB
cblr-10941	474	12	vcs	vcs	PROPN
cblr-10941	474	13	to	to	PART
cblr-10941	474	14	extend	extend	VERB
cblr-10941	474	15	a	a	DET
cblr-10941	474	16	fund	fund	NOUN
cblr-10941	474	17	for	for	ADP
cblr-10941	474	18	up	up	ADP
cblr-10941	474	19	to	to	PART
cblr-10941	474	20	two	two	NUM
cblr-10941	474	21	years.131	years.131	NOUN
cblr-10941	474	22	by	by	ADP
cblr-10941	474	23	the	the	DET
cblr-10941	474	24	end	end	NOUN
cblr-10941	474	25	of	of	ADP
cblr-10941	474	26	the	the	DET
cblr-10941	474	27	fund	fund	NOUN
cblr-10941	474	28	’s	’s	PART
cblr-10941	474	29	life	life	NOUN
cblr-10941	474	30	,	,	PUNCT
cblr-10941	474	31	the	the	DET
cblr-10941	474	32	vcs	vcs	PROPN
cblr-10941	474	33	must	must	AUX
cblr-10941	474	34	deliver	deliver	VERB
cblr-10941	474	35	the	the	DET
cblr-10941	474	36	returns	return	NOUN
cblr-10941	474	37	to	to	ADP
cblr-10941	474	38	the	the	DET
cblr-10941	474	39	lps	lps	PROPN
cblr-10941	474	40	.	.	PUNCT
cblr-10941	475	1	the	the	DET
cblr-10941	475	2	fund	fund	NOUN
cblr-10941	475	3	-	-	PUNCT
cblr-10941	475	4	level	level	NOUN
cblr-10941	475	5	monitoring	monitoring	NOUN
cblr-10941	475	6	problem	problem	NOUN
cblr-10941	475	7	arises	arise	VERB
cblr-10941	475	8	because	because	SCONJ
cblr-10941	475	9	lps	lps	PROPN
cblr-10941	475	10	are	be	AUX
cblr-10941	475	11	passive	passive	ADJ
cblr-10941	475	12	investors	investor	NOUN
cblr-10941	475	13	.	.	PUNCT
cblr-10941	476	1	they	they	PRON
cblr-10941	476	2	do	do	AUX
cblr-10941	476	3	n’t	not	PART
cblr-10941	476	4	have	have	VERB
cblr-10941	476	5	the	the	DET
cblr-10941	476	6	time	time	NOUN
cblr-10941	476	7	or	or	CCONJ
cblr-10941	476	8	expertise	expertise	NOUN
cblr-10941	476	9	to	to	PART
cblr-10941	476	10	supervise	supervise	VERB
cblr-10941	476	11	the	the	DET
cblr-10941	476	12	vcs	vcs	NOUN
cblr-10941	476	13	closely	closely	ADV
cblr-10941	476	14	.	.	PUNCT
cblr-10941	477	1	lps	lps	PROPN
cblr-10941	477	2	can	can	AUX
cblr-10941	477	3	partially	partially	ADV
cblr-10941	477	4	substitute	substitute	VERB
cblr-10941	477	5	motivation	motivation	NOUN
cblr-10941	477	6	for	for	ADP
cblr-10941	477	7	monitoring.132	monitoring.132	NOUN
cblr-10941	477	8	vc	vc	PROPN
cblr-10941	477	9	compensation	compensation	NOUN
cblr-10941	477	10	is	be	AUX
cblr-10941	477	11	partially	partially	ADV
cblr-10941	477	12	incentive	incentive	NOUN
cblr-10941	477	13	-	-	PUNCT
cblr-10941	477	14	based	base	VERB
cblr-10941	477	15	:	:	PUNCT
cblr-10941	477	16	vcs	vcs	PROPN
cblr-10941	477	17	earn	earn	AUX
cblr-10941	477	18	“	"	PUNCT
cblr-10941	477	19	carried	carry	VERB
cblr-10941	477	20	interest”—typically	interest”—typically	ADV
cblr-10941	477	21	20	20	NUM
cblr-10941	477	22	%	%	NOUN
cblr-10941	477	23	of	of	ADP
cblr-10941	477	24	the	the	DET
cblr-10941	477	25	fund	fund	NOUN
cblr-10941	477	26	’s	’s	PART
cblr-10941	477	27	profits	profit	NOUN
cblr-10941	477	28	—	—	PUNCT
cblr-10941	477	29	and	and	CCONJ
cblr-10941	477	30	an	an	DET
cblr-10941	477	31	annual	annual	ADJ
cblr-10941	477	32	management	management	NOUN
cblr-10941	477	33	fee	fee	NOUN
cblr-10941	477	34	equal	equal	ADJ
cblr-10941	477	35	to	to	ADP
cblr-10941	477	36	125	125	NUM
cblr-10941	477	37	see	see	NOUN
cblr-10941	478	1	sabrina	sabrina	PROPN
cblr-10941	478	2	t.	t.	PROPN
cblr-10941	478	3	howell	howell	PROPN
cblr-10941	478	4	et	et	PROPN
cblr-10941	478	5	al	al	PROPN
cblr-10941	478	6	.	.	PROPN
cblr-10941	478	7	,	,	PUNCT
cblr-10941	478	8	how	how	SCONJ
cblr-10941	478	9	resilient	resilient	ADJ
cblr-10941	478	10	is	be	AUX
cblr-10941	478	11	venture	venture	NOUN
cblr-10941	478	12	-	-	PUNCT
cblr-10941	478	13	backed	back	VERB
cblr-10941	478	14	innovation	innovation	NOUN
cblr-10941	478	15	?	?	PUNCT
cblr-10941	479	1	evidence	evidence	NOUN
cblr-10941	479	2	from	from	ADP
cblr-10941	479	3	four	four	NUM
cblr-10941	479	4	decades	decade	NOUN
cblr-10941	479	5	of	of	ADP
cblr-10941	479	6	u.s	u.s	PROPN
cblr-10941	479	7	.	.	PROPN
cblr-10941	479	8	patenting	patent	VERB
cblr-10941	479	9	2	2	NUM
cblr-10941	479	10	(	(	PUNCT
cblr-10941	479	11	national	national	ADJ
cblr-10941	479	12	bureau	bureau	NOUN
cblr-10941	479	13	of	of	ADP
cblr-10941	479	14	economic	economic	ADJ
cblr-10941	479	15	research	research	NOUN
cblr-10941	479	16	,	,	PUNCT
cblr-10941	479	17	working	work	VERB
cblr-10941	479	18	paper	paper	NOUN
cblr-10941	479	19	no	no	NOUN
cblr-10941	479	20	.	.	PROPN
cblr-10941	479	21	27150	27150	NUM
cblr-10941	479	22	,	,	PUNCT
cblr-10941	479	23	2020	2020	NUM
cblr-10941	479	24	)	)	PUNCT
cblr-10941	479	25	.	.	PUNCT
cblr-10941	480	1	126	126	NUM
cblr-10941	480	2	lerner	lerner	PROPN
cblr-10941	480	3	&	&	CCONJ
cblr-10941	480	4	nanda	nanda	PROPN
cblr-10941	480	5	,	,	PUNCT
cblr-10941	480	6	supra	supra	PROPN
cblr-10941	480	7	note	note	NOUN
cblr-10941	480	8	28	28	NUM
cblr-10941	480	9	,	,	PUNCT
cblr-10941	480	10	at	at	ADP
cblr-10941	480	11	237	237	NUM
cblr-10941	480	12	.	.	PUNCT
cblr-10941	481	1	127	127	NUM
cblr-10941	481	2	see	see	NOUN
cblr-10941	481	3	infra	infra	NOUN
cblr-10941	481	4	section	section	NOUN
cblr-10941	481	5	iii.a	iii.a	PROPN
cblr-10941	481	6	.	.	PROPN
cblr-10941	481	7	128	128	NUM
cblr-10941	481	8	see	see	NOUN
cblr-10941	481	9	infra	infra	NOUN
cblr-10941	481	10	section	section	NOUN
cblr-10941	481	11	iii.a	iii.a	PROPN
cblr-10941	481	12	.	.	PROPN
cblr-10941	481	13	129	129	NUM
cblr-10941	481	14	see	see	VERB
cblr-10941	481	15	metrick	metrick	PROPN
cblr-10941	481	16	&	&	CCONJ
cblr-10941	481	17	yasuda	yasuda	PROPN
cblr-10941	481	18	,	,	PUNCT
cblr-10941	481	19	supra	supra	PROPN
cblr-10941	481	20	note	note	PROPN
cblr-10941	481	21	29	29	NUM
cblr-10941	481	22	,	,	PUNCT
cblr-10941	481	23	at	at	ADP
cblr-10941	481	24	2304	2304	NUM
cblr-10941	481	25	.	.	PUNCT
cblr-10941	482	1	130	130	NUM
cblr-10941	483	1	i	i	PRON
cblr-10941	483	2	d.	d.	PROPN
cblr-10941	483	3	131	131	NUM
cblr-10941	483	4	lerner	lerner	PROPN
cblr-10941	483	5	&	&	CCONJ
cblr-10941	483	6	nanda	nanda	PROPN
cblr-10941	483	7	,	,	PUNCT
cblr-10941	483	8	supra	supra	PROPN
cblr-10941	483	9	note	note	NOUN
cblr-10941	483	10	28	28	NUM
cblr-10941	483	11	,	,	PUNCT
cblr-10941	483	12	at	at	ADP
cblr-10941	483	13	253	253	NUM
cblr-10941	483	14	.	.	PUNCT
cblr-10941	484	1	132	132	NUM
cblr-10941	484	2	see	see	NOUN
cblr-10941	484	3	sahlman	sahlman	NOUN
cblr-10941	484	4	,	,	PUNCT
cblr-10941	484	5	supra	supra	PROPN
cblr-10941	484	6	note	note	PROPN
cblr-10941	484	7	21	21	NUM
cblr-10941	484	8	,	,	PUNCT
cblr-10941	484	9	at	at	ADP
cblr-10941	484	10	493–499	493–499	NUM
cblr-10941	484	11	.	.	PUNCT
cblr-10941	485	1	no	no	INTJ
cblr-10941	485	2	.	.	PUNCT
cblr-10941	486	1	2:859	2:859	NUM
cblr-10941	486	2	]	]	PUNCT
cblr-10941	486	3	moonshots	moonshot	NOUN
cblr-10941	486	4	889	889	NUM
cblr-10941	486	5	around	around	ADP
cblr-10941	486	6	2	2	NUM
cblr-10941	486	7	%	%	NOUN
cblr-10941	486	8	of	of	ADP
cblr-10941	486	9	the	the	DET
cblr-10941	486	10	total	total	ADJ
cblr-10941	486	11	assets	asset	NOUN
cblr-10941	486	12	in	in	ADP
cblr-10941	486	13	the	the	DET
cblr-10941	486	14	fund.133	fund.133	NOUN
cblr-10941	486	15	in	in	ADP
cblr-10941	486	16	theory	theory	NOUN
cblr-10941	486	17	,	,	PUNCT
cblr-10941	486	18	the	the	DET
cblr-10941	486	19	carried	carry	VERB
cblr-10941	486	20	interest	interest	NOUN
cblr-10941	486	21	should	should	AUX
cblr-10941	486	22	overcome	overcome	VERB
cblr-10941	486	23	the	the	DET
cblr-10941	486	24	agency	agency	NOUN
cblr-10941	486	25	problem	problem	NOUN
cblr-10941	486	26	by	by	ADP
cblr-10941	486	27	motivating	motivate	VERB
cblr-10941	486	28	the	the	DET
cblr-10941	486	29	vcs	vcs	PROPN
cblr-10941	486	30	to	to	PART
cblr-10941	486	31	maximize	maximize	VERB
cblr-10941	486	32	the	the	DET
cblr-10941	486	33	fund	fund	NOUN
cblr-10941	486	34	’s	’s	PART
cblr-10941	486	35	profits	profit	NOUN
cblr-10941	486	36	.	.	PUNCT
cblr-10941	487	1	to	to	ADP
cblr-10941	487	2	some	some	DET
cblr-10941	487	3	extent	extent	NOUN
cblr-10941	487	4	,	,	PUNCT
cblr-10941	487	5	it	it	PRON
cblr-10941	487	6	does	do	VERB
cblr-10941	487	7	.	.	PUNCT
cblr-10941	488	1	but	but	CCONJ
cblr-10941	488	2	if	if	SCONJ
cblr-10941	488	3	carried	carry	VERB
cblr-10941	488	4	interest	interest	NOUN
cblr-10941	488	5	perfectly	perfectly	ADV
cblr-10941	488	6	aligned	align	VERB
cblr-10941	488	7	the	the	DET
cblr-10941	488	8	interests	interest	NOUN
cblr-10941	488	9	of	of	ADP
cblr-10941	488	10	lps	lps	PROPN
cblr-10941	488	11	and	and	CCONJ
cblr-10941	488	12	vcs	vcs	PROPN
cblr-10941	488	13	,	,	PUNCT
cblr-10941	488	14	lps	lps	PROPN
cblr-10941	488	15	would	would	AUX
cblr-10941	488	16	n’t	not	PART
cblr-10941	488	17	need	need	VERB
cblr-10941	488	18	to	to	PART
cblr-10941	488	19	insist	insist	VERB
cblr-10941	488	20	that	that	SCONJ
cblr-10941	488	21	funds	fund	NOUN
cblr-10941	488	22	have	have	AUX
cblr-10941	488	23	limited	limit	VERB
cblr-10941	488	24	lives.134	lives.134	PROPN
cblr-10941	488	25	lps	lps	PROPN
cblr-10941	488	26	could	could	AUX
cblr-10941	488	27	just	just	ADV
cblr-10941	488	28	ask	ask	VERB
cblr-10941	488	29	vcs	vcs	PROPN
cblr-10941	488	30	to	to	PART
cblr-10941	488	31	deliver	deliver	VERB
cblr-10941	488	32	the	the	DET
cblr-10941	488	33	returns	return	NOUN
cblr-10941	488	34	whenever	whenever	SCONJ
cblr-10941	488	35	the	the	DET
cblr-10941	488	36	vcs	vcs	PROPN
cblr-10941	488	37	believed	believe	VERB
cblr-10941	488	38	that	that	SCONJ
cblr-10941	488	39	continued	continue	VERB
cblr-10941	488	40	investment	investment	NOUN
cblr-10941	488	41	would	would	AUX
cblr-10941	488	42	no	no	ADV
cblr-10941	488	43	longer	long	ADV
cblr-10941	488	44	increase	increase	VERB
cblr-10941	488	45	expected	expected	ADJ
cblr-10941	488	46	returns	return	NOUN
cblr-10941	488	47	,	,	PUNCT
cblr-10941	488	48	after	after	ADP
cblr-10941	488	49	accounting	account	VERB
cblr-10941	488	50	for	for	ADP
cblr-10941	488	51	the	the	DET
cblr-10941	488	52	time	time	NOUN
cblr-10941	488	53	value	value	NOUN
cblr-10941	488	54	of	of	ADP
cblr-10941	488	55	money	money	NOUN
cblr-10941	488	56	.	.	PUNCT
cblr-10941	489	1	in	in	ADP
cblr-10941	489	2	practice	practice	NOUN
cblr-10941	489	3	,	,	PUNCT
cblr-10941	489	4	the	the	DET
cblr-10941	489	5	limited	limited	ADJ
cblr-10941	489	6	life	life	NOUN
cblr-10941	489	7	of	of	ADP
cblr-10941	489	8	the	the	DET
cblr-10941	489	9	fund	fund	NOUN
cblr-10941	489	10	is	be	AUX
cblr-10941	489	11	a	a	DET
cblr-10941	489	12	critical	critical	ADJ
cblr-10941	489	13	part	part	NOUN
cblr-10941	489	14	of	of	ADP
cblr-10941	489	15	the	the	DET
cblr-10941	489	16	lp	lp	NOUN
cblr-10941	489	17	’s	’s	PART
cblr-10941	489	18	strategy	strategy	NOUN
cblr-10941	489	19	to	to	PART
cblr-10941	489	20	solve	solve	VERB
cblr-10941	489	21	the	the	DET
cblr-10941	489	22	monitoring	monitoring	NOUN
cblr-10941	489	23	problem	problem	NOUN
cblr-10941	489	24	.	.	PUNCT
cblr-10941	490	1	it	it	PRON
cblr-10941	490	2	’s	’	VERB
cblr-10941	490	3	important	important	ADJ
cblr-10941	490	4	to	to	PART
cblr-10941	490	5	remember	remember	VERB
cblr-10941	490	6	that	that	SCONJ
cblr-10941	490	7	the	the	DET
cblr-10941	490	8	management	management	NOUN
cblr-10941	490	9	fee	fee	NOUN
cblr-10941	490	10	is	be	AUX
cblr-10941	490	11	annual	annual	ADJ
cblr-10941	490	12	,	,	PUNCT
cblr-10941	490	13	while	while	SCONJ
cblr-10941	490	14	the	the	DET
cblr-10941	490	15	carried	carry	VERB
cblr-10941	490	16	interest	interest	NOUN
cblr-10941	490	17	is	be	AUX
cblr-10941	490	18	based	base	VERB
cblr-10941	490	19	on	on	ADP
cblr-10941	490	20	the	the	DET
cblr-10941	490	21	fund	fund	NOUN
cblr-10941	490	22	’s	’s	PART
cblr-10941	490	23	net	net	ADJ
cblr-10941	490	24	profits	profit	NOUN
cblr-10941	490	25	over	over	ADP
cblr-10941	490	26	its	its	PRON
cblr-10941	490	27	ten	ten	NUM
cblr-10941	490	28	-	-	PUNCT
cblr-10941	490	29	year	year	NOUN
cblr-10941	490	30	life	life	NOUN
cblr-10941	490	31	.	.	PUNCT
cblr-10941	491	1	as	as	SCONJ
cblr-10941	491	2	vc	vc	PROPN
cblr-10941	491	3	funds	fund	NOUN
cblr-10941	491	4	have	have	AUX
cblr-10941	491	5	grown	grow	VERB
cblr-10941	491	6	in	in	ADP
cblr-10941	491	7	size	size	NOUN
cblr-10941	491	8	,	,	PUNCT
cblr-10941	491	9	vcs	vcs	PROPN
cblr-10941	491	10	’	'	PUNCT
cblr-10941	491	11	management	management	NOUN
cblr-10941	491	12	fees	fee	NOUN
cblr-10941	491	13	have	have	AUX
cblr-10941	491	14	risen	rise	VERB
cblr-10941	491	15	proportionally	proportionally	ADV
cblr-10941	491	16	,	,	PUNCT
cblr-10941	491	17	but	but	CCONJ
cblr-10941	491	18	their	their	PRON
cblr-10941	491	19	expenses	expense	NOUN
cblr-10941	491	20	have	have	AUX
cblr-10941	491	21	risen	rise	VERB
cblr-10941	491	22	more	more	ADV
cblr-10941	491	23	slowly	slowly	ADV
cblr-10941	491	24	due	due	ADJ
cblr-10941	491	25	to	to	ADP
cblr-10941	491	26	economies	economy	NOUN
cblr-10941	491	27	of	of	ADP
cblr-10941	491	28	scale.135	scale.135	PROPN
cblr-10941	491	29	lps	lps	PROPN
cblr-10941	491	30	fear	fear	VERB
cblr-10941	491	31	that	that	SCONJ
cblr-10941	491	32	vcs	vcs	PROPN
cblr-10941	491	33	will	will	AUX
cblr-10941	491	34	raise	raise	VERB
cblr-10941	491	35	larger	large	ADJ
cblr-10941	491	36	-	-	PUNCT
cblr-10941	491	37	than	than	ADP
cblr-10941	491	38	-	-	PUNCT
cblr-10941	491	39	optimal	optimal	ADJ
cblr-10941	491	40	funds	fund	NOUN
cblr-10941	491	41	to	to	PART
cblr-10941	491	42	increase	increase	VERB
cblr-10941	491	43	the	the	DET
cblr-10941	491	44	annual	annual	ADJ
cblr-10941	491	45	management	management	NOUN
cblr-10941	491	46	fees	fee	NOUN
cblr-10941	491	47	and	and	CCONJ
cblr-10941	491	48	live	live	VERB
cblr-10941	491	49	off	off	ADP
cblr-10941	491	50	the	the	DET
cblr-10941	491	51	fees.136	fees.136	NOUN
cblr-10941	491	52	this	this	DET
cblr-10941	491	53	fear	fear	NOUN
cblr-10941	491	54	is	be	AUX
cblr-10941	491	55	well	well	ADV
cblr-10941	491	56	-	-	PUNCT
cblr-10941	491	57	founded	found	VERB
cblr-10941	491	58	.	.	PUNCT
cblr-10941	492	1	one	one	NUM
cblr-10941	492	2	study	study	NOUN
cblr-10941	492	3	found	find	VERB
cblr-10941	492	4	that	that	SCONJ
cblr-10941	492	5	the	the	DET
cblr-10941	492	6	average	average	ADJ
cblr-10941	492	7	vc	vc	PROPN
cblr-10941	492	8	fund	fund	NOUN
cblr-10941	492	9	earned	earn	VERB
cblr-10941	492	10	about	about	ADV
cblr-10941	492	11	two	two	NUM
cblr-10941	492	12	-	-	PUNCT
cblr-10941	492	13	thirds	third	NOUN
cblr-10941	492	14	of	of	ADP
cblr-10941	492	15	its	its	PRON
cblr-10941	492	16	revenue	revenue	NOUN
cblr-10941	492	17	through	through	ADP
cblr-10941	492	18	management	management	NOUN
cblr-10941	492	19	fees.137	fees.137	NOUN
cblr-10941	492	20	lps	lps	PROPN
cblr-10941	492	21	mitigate	mitigate	VERB
cblr-10941	492	22	this	this	DET
cblr-10941	492	23	risk	risk	NOUN
cblr-10941	492	24	by	by	ADP
cblr-10941	492	25	requiring	require	VERB
cblr-10941	492	26	vcs	vcs	PROPN
cblr-10941	492	27	to	to	PART
cblr-10941	492	28	liquidate	liquidate	VERB
cblr-10941	492	29	their	their	PRON
cblr-10941	492	30	funds	fund	NOUN
cblr-10941	492	31	within	within	ADP
cblr-10941	492	32	ten	ten	NUM
cblr-10941	492	33	years	year	NOUN
cblr-10941	492	34	so	so	SCONJ
cblr-10941	492	35	that	that	SCONJ
cblr-10941	492	36	the	the	DET
cblr-10941	492	37	lps	lps	PROPN
cblr-10941	492	38	can	can	AUX
cblr-10941	492	39	assess	assess	VERB
cblr-10941	492	40	their	their	PRON
cblr-10941	492	41	performance	performance	NOUN
cblr-10941	492	42	.	.	PUNCT
cblr-10941	493	1	lps	lps	PROPN
cblr-10941	493	2	can	can	AUX
cblr-10941	493	3	decide	decide	VERB
cblr-10941	493	4	not	not	PART
cblr-10941	493	5	to	to	PART
cblr-10941	493	6	invest	invest	VERB
cblr-10941	493	7	again	again	ADV
cblr-10941	493	8	with	with	ADP
cblr-10941	493	9	vcs	vcs	PROPN
cblr-10941	493	10	who	who	PRON
cblr-10941	493	11	did	do	AUX
cblr-10941	493	12	n’t	not	PART
cblr-10941	493	13	deliver	deliver	VERB
cblr-10941	493	14	sufficient	sufficient	ADJ
cblr-10941	493	15	returns.138	returns.138	PROPN
cblr-10941	493	16	the	the	DET
cblr-10941	493	17	fund	fund	NOUN
cblr-10941	493	18	-	-	PUNCT
cblr-10941	493	19	level	level	NOUN
cblr-10941	493	20	monitoring	monitoring	NOUN
cblr-10941	493	21	problem	problem	NOUN
cblr-10941	493	22	explains	explain	VERB
cblr-10941	493	23	why	why	SCONJ
cblr-10941	493	24	the	the	DET
cblr-10941	493	25	vc	vc	PROPN
cblr-10941	493	26	market	market	NOUN
cblr-10941	493	27	focuses	focus	VERB
cblr-10941	493	28	on	on	ADP
cblr-10941	493	29	short	short	ADJ
cblr-10941	493	30	-	-	PUNCT
cblr-10941	493	31	term	term	NOUN
cblr-10941	493	32	innovation	innovation	NOUN
cblr-10941	493	33	.	.	PUNCT
cblr-10941	494	1	vcs	vcs	PROPN
cblr-10941	494	2	plan	plan	VERB
cblr-10941	494	3	to	to	PART
cblr-10941	494	4	exit	exit	VERB
cblr-10941	494	5	their	their	PRON
cblr-10941	494	6	investments	investment	NOUN
cblr-10941	494	7	within	within	ADP
cblr-10941	494	8	the	the	DET
cblr-10941	494	9	ten	ten	NUM
cblr-10941	494	10	-	-	PUNCT
cblr-10941	494	11	year	year	NOUN
cblr-10941	494	12	life	life	NOUN
cblr-10941	494	13	of	of	ADP
cblr-10941	494	14	a	a	DET
cblr-10941	494	15	fund	fund	NOUN
cblr-10941	494	16	.	.	PUNCT
cblr-10941	495	1	vcs	vcs	PROPN
cblr-10941	495	2	have	have	VERB
cblr-10941	495	3	133	133	NUM
cblr-10941	495	4	see	see	VERB
cblr-10941	495	5	metrick	metrick	PROPN
cblr-10941	495	6	&	&	CCONJ
cblr-10941	495	7	yasuda	yasuda	PROPN
cblr-10941	495	8	,	,	PUNCT
cblr-10941	495	9	supra	supra	PROPN
cblr-10941	495	10	note	note	PROPN
cblr-10941	495	11	29	29	NUM
cblr-10941	495	12	,	,	PUNCT
cblr-10941	495	13	at	at	ADP
cblr-10941	495	14	2311	2311	NUM
cblr-10941	495	15	(	(	PUNCT
cblr-10941	495	16	presenting	present	VERB
cblr-10941	495	17	data	datum	NOUN
cblr-10941	495	18	on	on	ADP
cblr-10941	495	19	carried	carry	VERB
cblr-10941	495	20	interest	interest	NOUN
cblr-10941	495	21	and	and	CCONJ
cblr-10941	495	22	management	management	NOUN
cblr-10941	495	23	fee	fee	NOUN
cblr-10941	495	24	terms	term	NOUN
cblr-10941	495	25	in	in	ADP
cblr-10941	495	26	a	a	DET
cblr-10941	495	27	study	study	NOUN
cblr-10941	495	28	of	of	ADP
cblr-10941	495	29	ninety	ninety	NUM
cblr-10941	495	30	-	-	PUNCT
cblr-10941	495	31	four	four	NUM
cblr-10941	495	32	vc	vc	NOUN
cblr-10941	495	33	funds	fund	NOUN
cblr-10941	495	34	)	)	PUNCT
cblr-10941	495	35	.	.	PUNCT
cblr-10941	496	1	134	134	NUM
cblr-10941	496	2	see	see	NOUN
cblr-10941	496	3	sahlman	sahlman	NOUN
cblr-10941	496	4	,	,	PUNCT
cblr-10941	496	5	supra	supra	PROPN
cblr-10941	496	6	note	note	PROPN
cblr-10941	496	7	21	21	NUM
cblr-10941	496	8	,	,	PUNCT
cblr-10941	496	9	at	at	ADP
cblr-10941	496	10	494	494	NUM
cblr-10941	496	11	(	(	PUNCT
cblr-10941	496	12	arguing	argue	VERB
cblr-10941	496	13	that	that	SCONJ
cblr-10941	496	14	the	the	DET
cblr-10941	496	15	limited	limited	ADJ
cblr-10941	496	16	life	life	NOUN
cblr-10941	496	17	of	of	ADP
cblr-10941	496	18	vc	vc	PROPN
cblr-10941	496	19	funds	fund	NOUN
cblr-10941	496	20	is	be	AUX
cblr-10941	496	21	designed	design	VERB
cblr-10941	496	22	to	to	PART
cblr-10941	496	23	mitigate	mitigate	VERB
cblr-10941	496	24	agency	agency	NOUN
cblr-10941	496	25	costs	cost	NOUN
cblr-10941	496	26	)	)	PUNCT
cblr-10941	496	27	.	.	PUNCT
cblr-10941	497	1	135	135	NUM
cblr-10941	497	2	lerner	lerner	PROPN
cblr-10941	497	3	&	&	CCONJ
cblr-10941	497	4	nanda	nanda	PROPN
cblr-10941	497	5	,	,	PUNCT
cblr-10941	497	6	supra	supra	PROPN
cblr-10941	497	7	note	note	NOUN
cblr-10941	497	8	28	28	NUM
cblr-10941	497	9	,	,	PUNCT
cblr-10941	497	10	at	at	ADP
cblr-10941	497	11	254	254	NUM
cblr-10941	497	12	.	.	PUNCT
cblr-10941	497	13	136	136	NUM
cblr-10941	497	14	see	see	VERB
cblr-10941	497	15	i	i	PROPN
cblr-10941	497	16	d.	d.	PROPN
cblr-10941	497	17	(	(	PUNCT
cblr-10941	497	18	observing	observe	VERB
cblr-10941	497	19	that	that	SCONJ
cblr-10941	497	20	management	management	NOUN
cblr-10941	497	21	fees	fee	NOUN
cblr-10941	497	22	can	can	AUX
cblr-10941	497	23	become	become	VERB
cblr-10941	497	24	a	a	DET
cblr-10941	497	25	“	"	PUNCT
cblr-10941	497	26	profit	profit	NOUN
cblr-10941	497	27	center	center	NOUN
cblr-10941	497	28	”	"	PUNCT
cblr-10941	497	29	for	for	ADP
cblr-10941	497	30	vc	vc	PROPN
cblr-10941	497	31	firms	firm	NOUN
cblr-10941	497	32	)	)	PUNCT
cblr-10941	497	33	.	.	PUNCT
cblr-10941	498	1	137	137	NUM
cblr-10941	498	2	metrick	metrick	PROPN
cblr-10941	498	3	&	&	CCONJ
cblr-10941	498	4	yasuda	yasuda	PROPN
cblr-10941	498	5	,	,	PUNCT
cblr-10941	498	6	supra	supra	PROPN
cblr-10941	498	7	note	note	PROPN
cblr-10941	498	8	29	29	NUM
cblr-10941	498	9	,	,	PUNCT
cblr-10941	498	10	at	at	ADP
cblr-10941	498	11	2328	2328	NUM
cblr-10941	498	12	.	.	PUNCT
cblr-10941	499	1	138	138	NUM
cblr-10941	499	2	see	see	VERB
cblr-10941	499	3	gompers	gomper	NOUN
cblr-10941	499	4	&	&	CCONJ
cblr-10941	499	5	lerner	lerner	PROPN
cblr-10941	499	6	,	,	PUNCT
cblr-10941	499	7	supra	supra	PROPN
cblr-10941	499	8	note	note	PROPN
cblr-10941	499	9	21	21	NUM
cblr-10941	499	10	,	,	PUNCT
cblr-10941	499	11	at	at	ADP
cblr-10941	499	12	378	378	NUM
cblr-10941	499	13	(	(	PUNCT
cblr-10941	499	14	explaining	explain	VERB
cblr-10941	499	15	that	that	SCONJ
cblr-10941	499	16	the	the	DET
cblr-10941	499	17	limited	limited	ADJ
cblr-10941	499	18	lives	life	NOUN
cblr-10941	499	19	of	of	ADP
cblr-10941	499	20	funds	fund	NOUN
cblr-10941	499	21	“	"	PUNCT
cblr-10941	499	22	puts	put	VERB
cblr-10941	499	23	pressure	pressure	NOUN
cblr-10941	499	24	on	on	ADP
cblr-10941	499	25	young	young	ADJ
cblr-10941	499	26	venture	venture	NOUN
cblr-10941	499	27	capital	capital	NOUN
cblr-10941	499	28	firms	firm	NOUN
cblr-10941	499	29	to	to	PART
cblr-10941	499	30	establish	establish	VERB
cblr-10941	499	31	a	a	DET
cblr-10941	499	32	reputation	reputation	NOUN
cblr-10941	499	33	and	and	CCONJ
cblr-10941	499	34	raise	raise	VERB
cblr-10941	499	35	a	a	DET
cblr-10941	499	36	new	new	ADJ
cblr-10941	499	37	fund	fund	NOUN
cblr-10941	499	38	within	within	ADP
cblr-10941	499	39	a	a	DET
cblr-10941	499	40	short	short	ADJ
cblr-10941	499	41	,	,	PUNCT
cblr-10941	499	42	predetermined	predetermine	VERB
cblr-10941	499	43	time	time	NOUN
cblr-10941	499	44	”	"	PUNCT
cblr-10941	499	45	)	)	PUNCT
cblr-10941	499	46	.	.	PUNCT
cblr-10941	500	1	890	890	NUM
cblr-10941	500	2	columbia	columbia	PROPN
cblr-10941	500	3	business	business	NOUN
cblr-10941	500	4	law	law	PROPN
cblr-10941	500	5	review	review	NOUN
cblr-10941	500	6	[	[	X
cblr-10941	500	7	vol	vol	NOUN
cblr-10941	500	8	.	.	PUNCT
cblr-10941	500	9	2022	2022	NUM
cblr-10941	500	10	increasingly	increasingly	ADV
cblr-10941	500	11	asked	ask	VERB
cblr-10941	500	12	lps	lps	PROPN
cblr-10941	500	13	to	to	PART
cblr-10941	500	14	extend	extend	VERB
cblr-10941	500	15	the	the	DET
cblr-10941	500	16	lives	life	NOUN
cblr-10941	500	17	of	of	ADP
cblr-10941	500	18	vc	vc	NOUN
cblr-10941	500	19	funds	fund	NOUN
cblr-10941	500	20	for	for	ADP
cblr-10941	500	21	additional	additional	ADJ
cblr-10941	500	22	years.139	years.139	NOUN
cblr-10941	500	23	but	but	CCONJ
cblr-10941	500	24	ten	ten	NUM
cblr-10941	500	25	years	year	NOUN
cblr-10941	500	26	remains	remain	VERB
cblr-10941	500	27	the	the	DET
cblr-10941	500	28	target.140	target.140	NOUN
cblr-10941	500	29	therefore	therefore	ADV
cblr-10941	500	30	,	,	PUNCT
cblr-10941	500	31	when	when	SCONJ
cblr-10941	500	32	vcs	vcs	PROPN
cblr-10941	500	33	vet	vet	NOUN
cblr-10941	500	34	startups	startup	NOUN
cblr-10941	500	35	,	,	PUNCT
cblr-10941	500	36	they	they	PRON
cblr-10941	500	37	look	look	VERB
cblr-10941	500	38	for	for	ADP
cblr-10941	500	39	companies	company	NOUN
cblr-10941	500	40	that	that	PRON
cblr-10941	500	41	have	have	VERB
cblr-10941	500	42	a	a	DET
cblr-10941	500	43	good	good	ADJ
cblr-10941	500	44	chance	chance	NOUN
cblr-10941	500	45	of	of	ADP
cblr-10941	500	46	a	a	DET
cblr-10941	500	47	successful	successful	ADJ
cblr-10941	500	48	exit	exit	NOUN
cblr-10941	500	49	within	within	ADP
cblr-10941	500	50	that	that	DET
cblr-10941	500	51	timeframe.141	timeframe.141	NUM
cblr-10941	500	52	ten	ten	NUM
cblr-10941	500	53	years	year	NOUN
cblr-10941	500	54	may	may	AUX
cblr-10941	500	55	sound	sound	VERB
cblr-10941	500	56	like	like	ADP
cblr-10941	500	57	a	a	DET
cblr-10941	500	58	long	long	ADJ
cblr-10941	500	59	time	time	NOUN
cblr-10941	500	60	,	,	PUNCT
cblr-10941	500	61	but	but	CCONJ
cblr-10941	500	62	it	it	PRON
cblr-10941	500	63	takes	take	VERB
cblr-10941	500	64	a	a	DET
cblr-10941	500	65	few	few	ADJ
cblr-10941	500	66	years	year	NOUN
cblr-10941	500	67	after	after	SCONJ
cblr-10941	500	68	the	the	DET
cblr-10941	500	69	vcs	vcs	PROPN
cblr-10941	500	70	raise	raise	VERB
cblr-10941	500	71	capital	capital	NOUN
cblr-10941	500	72	to	to	PART
cblr-10941	500	73	choose	choose	VERB
cblr-10941	500	74	which	which	DET
cblr-10941	500	75	startups	startup	NOUN
cblr-10941	500	76	to	to	PART
cblr-10941	500	77	include	include	VERB
cblr-10941	500	78	in	in	ADP
cblr-10941	500	79	their	their	PRON
cblr-10941	500	80	portfolios.142	portfolios.142	NOUN
cblr-10941	500	81	the	the	DET
cblr-10941	500	82	process	process	NOUN
cblr-10941	500	83	of	of	ADP
cblr-10941	500	84	exiting	exiting	NOUN
cblr-10941	500	85	can	can	AUX
cblr-10941	500	86	take	take	VERB
cblr-10941	500	87	time	time	NOUN
cblr-10941	500	88	,	,	PUNCT
cblr-10941	500	89	too	too	ADV
cblr-10941	500	90	.	.	PUNCT
cblr-10941	501	1	a	a	DET
cblr-10941	501	2	savvy	savvy	ADJ
cblr-10941	501	3	startup	startup	NOUN
cblr-10941	501	4	will	will	AUX
cblr-10941	501	5	want	want	VERB
cblr-10941	501	6	to	to	PART
cblr-10941	501	7	court	court	VERB
cblr-10941	501	8	multiple	multiple	ADJ
cblr-10941	501	9	prospective	prospective	ADJ
cblr-10941	501	10	buyers	buyer	NOUN
cblr-10941	501	11	to	to	PART
cblr-10941	501	12	create	create	VERB
cblr-10941	501	13	a	a	DET
cblr-10941	501	14	bidding	bidding	NOUN
cblr-10941	501	15	war	war	NOUN
cblr-10941	501	16	.	.	PUNCT
cblr-10941	502	1	if	if	SCONJ
cblr-10941	502	2	the	the	DET
cblr-10941	502	3	startup	startup	NOUN
cblr-10941	502	4	goes	go	VERB
cblr-10941	502	5	public	public	ADJ
cblr-10941	502	6	,	,	PUNCT
cblr-10941	502	7	the	the	DET
cblr-10941	502	8	vcs	vcs	PROPN
cblr-10941	502	9	usually	usually	ADV
cblr-10941	502	10	ca	can	AUX
cblr-10941	502	11	n’t	not	PART
cblr-10941	502	12	sell	sell	VERB
cblr-10941	502	13	their	their	PRON
cblr-10941	502	14	shares	share	NOUN
cblr-10941	502	15	until	until	ADP
cblr-10941	502	16	the	the	DET
cblr-10941	502	17	end	end	NOUN
cblr-10941	502	18	of	of	ADP
cblr-10941	502	19	a	a	DET
cblr-10941	502	20	lock	lock	NOUN
cblr-10941	502	21	-	-	PUNCT
cblr-10941	502	22	up	up	NOUN
cblr-10941	502	23	period	period	NOUN
cblr-10941	502	24	after	after	ADP
cblr-10941	502	25	the	the	DET
cblr-10941	502	26	ipo.143	ipo.143	NOUN
cblr-10941	502	27	as	as	ADP
cblr-10941	502	28	a	a	DET
cblr-10941	502	29	consequence	consequence	NOUN
cblr-10941	502	30	,	,	PUNCT
cblr-10941	502	31	vcs	vcs	PROPN
cblr-10941	502	32	start	start	VERB
cblr-10941	502	33	to	to	PART
cblr-10941	502	34	look	look	VERB
cblr-10941	502	35	for	for	ADP
cblr-10941	502	36	exit	exit	NOUN
cblr-10941	502	37	opportunities	opportunity	NOUN
cblr-10941	502	38	within	within	ADP
cblr-10941	502	39	a	a	DET
cblr-10941	502	40	few	few	ADJ
cblr-10941	502	41	years	year	NOUN
cblr-10941	502	42	of	of	ADP
cblr-10941	502	43	completing	complete	VERB
cblr-10941	502	44	their	their	PRON
cblr-10941	502	45	investments	investment	NOUN
cblr-10941	502	46	.	.	PUNCT
cblr-10941	503	1	vcs	vcs	NOUN
cblr-10941	503	2	’	'	PUNCT
cblr-10941	503	3	need	need	VERB
cblr-10941	503	4	to	to	PART
cblr-10941	503	5	exit	exit	VERB
cblr-10941	503	6	their	their	PRON
cblr-10941	503	7	investments	investment	NOUN
cblr-10941	503	8	quickly	quickly	ADV
cblr-10941	503	9	influences	influence	VERB
cblr-10941	503	10	which	which	DET
cblr-10941	503	11	technologies	technology	NOUN
cblr-10941	503	12	they	they	PRON
cblr-10941	503	13	fund	fund	VERB
cblr-10941	503	14	.	.	PUNCT
cblr-10941	504	1	vcs	vcs	PROPN
cblr-10941	504	2	are	be	AUX
cblr-10941	504	3	increasingly	increasingly	ADV
cblr-10941	504	4	concentrating	concentrate	VERB
cblr-10941	504	5	their	their	PRON
cblr-10941	504	6	investments	investment	NOUN
cblr-10941	504	7	in	in	ADP
cblr-10941	504	8	software	software	NOUN
cblr-10941	504	9	.	.	PUNCT
cblr-10941	505	1	consider	consider	VERB
cblr-10941	505	2	charles	charles	PROPN
cblr-10941	505	3	river	river	PROPN
cblr-10941	505	4	ventures	venture	NOUN
cblr-10941	505	5	,	,	PUNCT
cblr-10941	505	6	a	a	DET
cblr-10941	505	7	vc	vc	PROPN
cblr-10941	505	8	firm	firm	NOUN
cblr-10941	505	9	founded	found	VERB
cblr-10941	505	10	in	in	ADP
cblr-10941	505	11	1970.144	1970.144	NUM
cblr-10941	505	12	only	only	ADV
cblr-10941	505	13	eight	eight	NUM
cblr-10941	505	14	of	of	ADP
cblr-10941	505	15	the	the	DET
cblr-10941	505	16	eighteen	eighteen	NUM
cblr-10941	505	17	portfolio	portfolio	NOUN
cblr-10941	505	18	companies	company	NOUN
cblr-10941	505	19	in	in	ADP
cblr-10941	505	20	its	its	PRON
cblr-10941	505	21	first	first	ADJ
cblr-10941	505	22	fund	fund	NOUN
cblr-10941	505	23	were	be	AUX
cblr-10941	505	24	in	in	ADP
cblr-10941	505	25	investments	investment	NOUN
cblr-10941	505	26	related	relate	VERB
cblr-10941	505	27	to	to	ADP
cblr-10941	505	28	information	information	NOUN
cblr-10941	505	29	and	and	CCONJ
cblr-10941	505	30	communication	communication	NOUN
cblr-10941	505	31	technology	technology	NOUN
cblr-10941	505	32	and	and	CCONJ
cblr-10941	505	33	health	health	NOUN
cblr-10941	505	34	care.145	care.145	NOUN
cblr-10941	505	35	the	the	DET
cblr-10941	505	36	fund	fund	NOUN
cblr-10941	505	37	invested	invest	VERB
cblr-10941	505	38	in	in	ADP
cblr-10941	505	39	startups	startup	NOUN
cblr-10941	505	40	developing	develop	VERB
cblr-10941	505	41	a	a	DET
cblr-10941	505	42	diverse	diverse	ADJ
cblr-10941	505	43	set	set	NOUN
cblr-10941	505	44	of	of	ADP
cblr-10941	505	45	technologies	technology	NOUN
cblr-10941	505	46	,	,	PUNCT
cblr-10941	505	47	including	include	VERB
cblr-10941	505	48	“	"	PUNCT
cblr-10941	505	49	highstrength	highstrength	NOUN
cblr-10941	505	50	fabrics	fabric	NOUN
cblr-10941	505	51	for	for	ADP
cblr-10941	505	52	balloons	balloon	NOUN
cblr-10941	505	53	”	"	PUNCT
cblr-10941	505	54	and	and	CCONJ
cblr-10941	505	55	“	"	PUNCT
cblr-10941	505	56	birth	birth	NOUN
cblr-10941	505	57	control	control	NOUN
cblr-10941	505	58	for	for	ADP
cblr-10941	505	59	dogs	dog	NOUN
cblr-10941	505	60	.	.	PUNCT
cblr-10941	505	61	”146	”146	PUNCT
cblr-10941	505	62	by	by	ADP
cblr-10941	505	63	december	december	PROPN
cblr-10941	505	64	2019	2019	NUM
cblr-10941	505	65	,	,	PUNCT
cblr-10941	505	66	though	though	ADV
cblr-10941	505	67	,	,	PUNCT
cblr-10941	505	68	90	90	NUM
cblr-10941	505	69	%	%	NOUN
cblr-10941	505	70	of	of	ADP
cblr-10941	505	71	charles	charles	PROPN
cblr-10941	505	72	river	river	PROPN
cblr-10941	505	73	ventures	ventures	PROPN
cblr-10941	505	74	’	'	PUNCT
cblr-10941	505	75	139	139	NUM
cblr-10941	505	76	see	see	VERB
cblr-10941	505	77	diane	diane	PROPN
cblr-10941	505	78	mulcahy	mulcahy	PROPN
cblr-10941	505	79	,	,	PUNCT
cblr-10941	505	80	the	the	DET
cblr-10941	505	81	new	new	ADJ
cblr-10941	505	82	reality	reality	NOUN
cblr-10941	505	83	of	of	ADP
cblr-10941	505	84	the	the	DET
cblr-10941	505	85	14	14	NUM
cblr-10941	505	86	-	-	PUNCT
cblr-10941	505	87	year	year	NOUN
cblr-10941	505	88	venture	venture	NOUN
cblr-10941	505	89	capital	capital	NOUN
cblr-10941	505	90	fund	fund	PROPN
cblr-10941	505	91	,	,	PUNCT
cblr-10941	505	92	institutional	institutional	ADJ
cblr-10941	505	93	inv	inv	NOUN
cblr-10941	505	94	.	.	PUNCT
cblr-10941	506	1	(	(	PUNCT
cblr-10941	506	2	feb	feb	PROPN
cblr-10941	506	3	.	.	PROPN
cblr-10941	506	4	19	19	NUM
cblr-10941	506	5	,	,	PUNCT
cblr-10941	506	6	2015	2015	NUM
cblr-10941	506	7	)	)	PUNCT
cblr-10941	506	8	,	,	PUNCT
cblr-10941	506	9	https://www.institutionalinvestor.com/article/b14z9vv7hjbt6y/the-newreality-of-the-14-year-venture-capital-fund	https://www.institutionalinvestor.com/article/b14z9vv7hjbt6y/the-newreality-of-the-14-year-venture-capital-fund	VERB
cblr-10941	507	1	[	[	X
cblr-10941	507	2	perma.cc/2duh-rsnv	perma.cc/2duh-rsnv	X
cblr-10941	507	3	]	]	X
cblr-10941	507	4	.	.	PUNCT
cblr-10941	508	1	140	140	NUM
cblr-10941	508	2	see	see	VERB
cblr-10941	508	3	i	i	PROPN
cblr-10941	508	4	d.	d.	PROPN
cblr-10941	508	5	(	(	PUNCT
cblr-10941	508	6	noting	note	VERB
cblr-10941	508	7	that	that	SCONJ
cblr-10941	508	8	despite	despite	SCONJ
cblr-10941	508	9	pervasive	pervasive	ADJ
cblr-10941	508	10	extensions	extension	NOUN
cblr-10941	508	11	,	,	PUNCT
cblr-10941	508	12	vc	vc	PROPN
cblr-10941	508	13	funds	fund	NOUN
cblr-10941	508	14	are	be	AUX
cblr-10941	508	15	still	still	ADV
cblr-10941	508	16	“	"	PUNCT
cblr-10941	508	17	structured	structure	VERB
cblr-10941	508	18	with	with	ADP
cblr-10941	508	19	a	a	DET
cblr-10941	508	20	projected	project	VERB
cblr-10941	508	21	ten	ten	NUM
cblr-10941	508	22	-	-	PUNCT
cblr-10941	508	23	year	year	NOUN
cblr-10941	508	24	life	life	NOUN
cblr-10941	508	25	”	"	PUNCT
cblr-10941	508	26	)	)	PUNCT
cblr-10941	508	27	.	.	PUNCT
cblr-10941	509	1	141	141	NUM
cblr-10941	509	2	see	see	VERB
cblr-10941	509	3	lerner	lerner	PROPN
cblr-10941	509	4	&	&	CCONJ
cblr-10941	509	5	nanda	nanda	PROPN
cblr-10941	509	6	,	,	PUNCT
cblr-10941	509	7	supra	supra	PROPN
cblr-10941	509	8	note	note	NOUN
cblr-10941	509	9	28	28	NUM
cblr-10941	509	10	,	,	PUNCT
cblr-10941	509	11	at	at	ADP
cblr-10941	509	12	245	245	NUM
cblr-10941	509	13	.	.	PUNCT
cblr-10941	510	1	142	142	NUM
cblr-10941	510	2	see	see	VERB
cblr-10941	510	3	i	i	PRON
cblr-10941	510	4	d.	d.	PROPN
cblr-10941	510	5	at	at	ADP
cblr-10941	510	6	253	253	NUM
cblr-10941	510	7	(	(	PUNCT
cblr-10941	510	8	explaining	explain	VERB
cblr-10941	510	9	that	that	SCONJ
cblr-10941	510	10	,	,	PUNCT
cblr-10941	510	11	in	in	ADP
cblr-10941	510	12	a	a	DET
cblr-10941	510	13	ten	ten	NUM
cblr-10941	510	14	-	-	PUNCT
cblr-10941	510	15	year	year	NOUN
cblr-10941	510	16	fund	fund	NOUN
cblr-10941	510	17	,	,	PUNCT
cblr-10941	510	18	vcs	vcs	PROPN
cblr-10941	510	19	“	"	PUNCT
cblr-10941	510	20	typically	typically	ADV
cblr-10941	510	21	have	have	VERB
cblr-10941	510	22	five	five	NUM
cblr-10941	510	23	years	year	NOUN
cblr-10941	510	24	in	in	ADP
cblr-10941	510	25	which	which	PRON
cblr-10941	510	26	to	to	PART
cblr-10941	510	27	invest	invest	VERB
cblr-10941	510	28	the	the	DET
cblr-10941	510	29	capital	capital	NOUN
cblr-10941	510	30	and	and	CCONJ
cblr-10941	510	31	then	then	ADV
cblr-10941	510	32	are	be	AUX
cblr-10941	510	33	expected	expect	VERB
cblr-10941	510	34	to	to	PART
cblr-10941	510	35	use	use	VERB
cblr-10941	510	36	the	the	DET
cblr-10941	510	37	remaining	remain	VERB
cblr-10941	510	38	period	period	NOUN
cblr-10941	510	39	to	to	PART
cblr-10941	510	40	harvest	harvest	VERB
cblr-10941	510	41	their	their	PRON
cblr-10941	510	42	investments	investment	NOUN
cblr-10941	510	43	”	"	PUNCT
cblr-10941	510	44	)	)	PUNCT
cblr-10941	510	45	.	.	PUNCT
cblr-10941	511	1	143	143	NUM
cblr-10941	511	2	see	see	VERB
cblr-10941	511	3	lemley	lemley	PROPN
cblr-10941	511	4	&	&	CCONJ
cblr-10941	511	5	mccreary	mccreary	PROPN
cblr-10941	511	6	,	,	PUNCT
cblr-10941	511	7	supra	supra	PROPN
cblr-10941	511	8	note	note	NOUN
cblr-10941	511	9	32	32	NUM
cblr-10941	511	10	,	,	PUNCT
cblr-10941	511	11	at	at	ADP
cblr-10941	511	12	30–31	30–31	NUM
cblr-10941	511	13	(	(	PUNCT
cblr-10941	511	14	arguing	argue	VERB
cblr-10941	511	15	that	that	SCONJ
cblr-10941	511	16	the	the	DET
cblr-10941	511	17	post	post	ADJ
cblr-10941	511	18	-	-	ADJ
cblr-10941	511	19	ipo	ipo	ADJ
cblr-10941	511	20	lock	lock	NOUN
cblr-10941	511	21	-	-	PUNCT
cblr-10941	511	22	up	up	ADP
cblr-10941	511	23	period	period	NOUN
cblr-10941	511	24	leads	lead	VERB
cblr-10941	511	25	vcs	vcs	PROPN
cblr-10941	511	26	to	to	PART
cblr-10941	511	27	prefer	prefer	VERB
cblr-10941	511	28	exiting	exit	VERB
cblr-10941	511	29	their	their	PRON
cblr-10941	511	30	investments	investment	NOUN
cblr-10941	511	31	by	by	ADP
cblr-10941	511	32	acquisition	acquisition	NOUN
cblr-10941	511	33	)	)	PUNCT
cblr-10941	511	34	.	.	PUNCT
cblr-10941	512	1	144	144	NUM
cblr-10941	512	2	lerner	lerner	PROPN
cblr-10941	512	3	&	&	CCONJ
cblr-10941	512	4	nanda	nanda	PROPN
cblr-10941	512	5	,	,	PUNCT
cblr-10941	512	6	supra	supra	PROPN
cblr-10941	512	7	note	note	NOUN
cblr-10941	512	8	28	28	NUM
cblr-10941	512	9	,	,	PUNCT
cblr-10941	512	10	at	at	ADP
cblr-10941	512	11	246	246	NUM
cblr-10941	512	12	.	.	PUNCT
cblr-10941	512	13	145	145	NUM
cblr-10941	513	1	i	i	PRON
cblr-10941	513	2	d.	d.	PROPN
cblr-10941	513	3	146	146	NUM
cblr-10941	514	1	i	i	PRON
cblr-10941	514	2	d.	d.	PROPN
cblr-10941	514	3	no	no	INTJ
cblr-10941	514	4	.	.	PUNCT
cblr-10941	515	1	2:859	2:859	NUM
cblr-10941	515	2	]	]	X
cblr-10941	515	3	moonshots	moonshot	NOUN
cblr-10941	515	4	891	891	NUM
cblr-10941	515	5	portfolio	portfolio	NOUN
cblr-10941	515	6	companies	company	NOUN
cblr-10941	515	7	were	be	AUX
cblr-10941	515	8	developing	develop	VERB
cblr-10941	515	9	products	product	NOUN
cblr-10941	515	10	and	and	CCONJ
cblr-10941	515	11	services	service	NOUN
cblr-10941	515	12	related	relate	VERB
cblr-10941	515	13	to	to	ADP
cblr-10941	515	14	information	information	NOUN
cblr-10941	515	15	technology.147	technology.147	PROPN
cblr-10941	515	16	charles	charles	PROPN
cblr-10941	515	17	river	river	PROPN
cblr-10941	515	18	’s	’s	PART
cblr-10941	515	19	experience	experience	NOUN
cblr-10941	515	20	is	be	AUX
cblr-10941	515	21	typical	typical	ADJ
cblr-10941	515	22	.	.	PUNCT
cblr-10941	516	1	from	from	ADP
cblr-10941	516	2	1985	1985	NUM
cblr-10941	516	3	to	to	ADP
cblr-10941	516	4	1989	1989	NUM
cblr-10941	516	5	,	,	PUNCT
cblr-10941	516	6	vcs	vcs	PROPN
cblr-10941	516	7	invested	invest	VERB
cblr-10941	516	8	about	about	ADV
cblr-10941	516	9	42	42	NUM
cblr-10941	516	10	%	%	NOUN
cblr-10941	516	11	of	of	ADP
cblr-10941	516	12	their	their	PRON
cblr-10941	516	13	funds	fund	NOUN
cblr-10941	516	14	in	in	ADP
cblr-10941	516	15	software	software	NOUN
cblr-10941	516	16	or	or	CCONJ
cblr-10941	516	17	consumer	consumer	NOUN
cblr-10941	516	18	and	and	CCONJ
cblr-10941	516	19	business	business	NOUN
cblr-10941	516	20	products	product	NOUN
cblr-10941	516	21	and	and	CCONJ
cblr-10941	516	22	services	service	NOUN
cblr-10941	516	23	,	,	PUNCT
cblr-10941	516	24	42	42	NUM
cblr-10941	516	25	%	%	NOUN
cblr-10941	516	26	in	in	ADP
cblr-10941	516	27	hardware	hardware	NOUN
cblr-10941	516	28	,	,	PUNCT
cblr-10941	516	29	and	and	CCONJ
cblr-10941	516	30	the	the	DET
cblr-10941	516	31	balance	balance	NOUN
cblr-10941	516	32	in	in	ADP
cblr-10941	516	33	biotech.148	biotech.148	NOUN
cblr-10941	516	34	from	from	ADP
cblr-10941	516	35	2015	2015	NUM
cblr-10941	516	36	to	to	ADP
cblr-10941	516	37	2019	2019	NUM
cblr-10941	516	38	,	,	PUNCT
cblr-10941	516	39	vcs	vcs	PROPN
cblr-10941	516	40	put	put	VERB
cblr-10941	516	41	about	about	ADP
cblr-10941	516	42	the	the	DET
cblr-10941	516	43	same	same	ADJ
cblr-10941	516	44	amount	amount	NOUN
cblr-10941	516	45	into	into	ADP
cblr-10941	516	46	biotech	biotech	NOUN
cblr-10941	516	47	,	,	PUNCT
cblr-10941	516	48	but	but	CCONJ
cblr-10941	516	49	less	less	ADJ
cblr-10941	516	50	than	than	ADP
cblr-10941	516	51	10	10	NUM
cblr-10941	516	52	%	%	NOUN
cblr-10941	516	53	of	of	ADP
cblr-10941	516	54	their	their	PRON
cblr-10941	516	55	funds	fund	NOUN
cblr-10941	516	56	in	in	ADP
cblr-10941	516	57	hardware.149	hardware.149	NOUN
cblr-10941	516	58	the	the	DET
cblr-10941	516	59	rest	rest	NOUN
cblr-10941	516	60	went	go	VERB
cblr-10941	516	61	to	to	AUX
cblr-10941	516	62	software.150	software.150	VERB
cblr-10941	516	63	the	the	DET
cblr-10941	516	64	advantage	advantage	NOUN
cblr-10941	516	65	of	of	ADP
cblr-10941	516	66	software	software	NOUN
cblr-10941	516	67	is	be	AUX
cblr-10941	516	68	that	that	SCONJ
cblr-10941	516	69	it	it	PRON
cblr-10941	516	70	can	can	AUX
cblr-10941	516	71	be	be	AUX
cblr-10941	516	72	developed	develop	VERB
cblr-10941	516	73	and	and	CCONJ
cblr-10941	516	74	scaled	scale	VERB
cblr-10941	516	75	up	up	ADP
cblr-10941	516	76	quickly	quickly	ADV
cblr-10941	516	77	.	.	PUNCT
cblr-10941	517	1	it	it	PRON
cblr-10941	517	2	’s	’s	AUX
cblr-10941	517	3	never	never	ADV
cblr-10941	517	4	been	be	AUX
cblr-10941	517	5	easier	easy	ADJ
cblr-10941	517	6	to	to	PART
cblr-10941	517	7	build	build	VERB
cblr-10941	517	8	a	a	DET
cblr-10941	517	9	software	software	NOUN
cblr-10941	517	10	company	company	NOUN
cblr-10941	517	11	.	.	PUNCT
cblr-10941	518	1	startups	startup	NOUN
cblr-10941	518	2	can	can	AUX
cblr-10941	518	3	now	now	ADV
cblr-10941	518	4	rent	rent	VERB
cblr-10941	518	5	server	server	NOUN
cblr-10941	518	6	time	time	NOUN
cblr-10941	518	7	from	from	ADP
cblr-10941	518	8	the	the	DET
cblr-10941	518	9	cloud	cloud	NOUN
cblr-10941	518	10	instead	instead	ADV
cblr-10941	518	11	of	of	ADP
cblr-10941	518	12	buying	buy	VERB
cblr-10941	518	13	computer	computer	NOUN
cblr-10941	518	14	hardware	hardware	NOUN
cblr-10941	518	15	,	,	PUNCT
cblr-10941	518	16	which	which	PRON
cblr-10941	518	17	reduces	reduce	VERB
cblr-10941	518	18	the	the	DET
cblr-10941	518	19	amount	amount	NOUN
cblr-10941	518	20	of	of	ADP
cblr-10941	518	21	capital	capital	NOUN
cblr-10941	518	22	they	they	PRON
cblr-10941	518	23	need	need	VERB
cblr-10941	518	24	to	to	PART
cblr-10941	518	25	raise	raise	VERB
cblr-10941	518	26	at	at	ADP
cblr-10941	518	27	early	early	ADV
cblr-10941	518	28	stages.151	stages.151	NOUN
cblr-10941	518	29	this	this	PRON
cblr-10941	518	30	has	have	AUX
cblr-10941	518	31	led	lead	VERB
cblr-10941	518	32	many	many	ADJ
cblr-10941	518	33	vcs	vcs	NOUN
cblr-10941	518	34	to	to	PART
cblr-10941	518	35	adopt	adopt	VERB
cblr-10941	518	36	a	a	DET
cblr-10941	518	37	“	"	PUNCT
cblr-10941	518	38	spray	spray	NOUN
cblr-10941	518	39	and	and	CCONJ
cblr-10941	518	40	pray	pray	VERB
cblr-10941	518	41	”	"	PUNCT
cblr-10941	518	42	strategy	strategy	NOUN
cblr-10941	518	43	in	in	ADP
cblr-10941	518	44	which	which	PRON
cblr-10941	518	45	they	they	PRON
cblr-10941	518	46	invest	invest	VERB
cblr-10941	518	47	in	in	ADP
cblr-10941	518	48	a	a	DET
cblr-10941	518	49	larger	large	ADJ
cblr-10941	518	50	number	number	NOUN
cblr-10941	518	51	of	of	ADP
cblr-10941	518	52	software	software	NOUN
cblr-10941	518	53	startups	startup	NOUN
cblr-10941	518	54	and	and	CCONJ
cblr-10941	518	55	take	take	VERB
cblr-10941	518	56	a	a	DET
cblr-10941	518	57	more	more	ADV
cblr-10941	518	58	limited	limited	ADJ
cblr-10941	518	59	role	role	NOUN
cblr-10941	518	60	in	in	ADP
cblr-10941	518	61	their	their	PRON
cblr-10941	518	62	governance.152	governance.152	NOUN
cblr-10941	518	63	in	in	ADP
cblr-10941	518	64	the	the	DET
cblr-10941	518	65	past	past	ADJ
cblr-10941	518	66	two	two	NUM
cblr-10941	518	67	decades	decade	NOUN
cblr-10941	518	68	,	,	PUNCT
cblr-10941	518	69	vc	vc	PROPN
cblr-10941	518	70	investments	investment	NOUN
cblr-10941	518	71	in	in	ADP
cblr-10941	518	72	software	software	NOUN
cblr-10941	518	73	have	have	AUX
cblr-10941	518	74	yielded	yield	VERB
cblr-10941	518	75	much	much	ADV
cblr-10941	518	76	greater	great	ADJ
cblr-10941	518	77	returns	return	NOUN
cblr-10941	518	78	than	than	ADP
cblr-10941	518	79	investments	investment	NOUN
cblr-10941	518	80	in	in	ADP
cblr-10941	518	81	hardware	hardware	NOUN
cblr-10941	518	82	,	,	PUNCT
cblr-10941	518	83	health	health	NOUN
cblr-10941	518	84	care	care	NOUN
cblr-10941	518	85	,	,	PUNCT
cblr-10941	518	86	or	or	CCONJ
cblr-10941	518	87	cleantech.153	cleantech.153	VERB
cblr-10941	518	88	it	it	PRON
cblr-10941	518	89	’s	’	VERB
cblr-10941	518	90	no	no	DET
cblr-10941	518	91	surprise	surprise	NOUN
cblr-10941	518	92	,	,	PUNCT
cblr-10941	518	93	then	then	ADV
cblr-10941	518	94	,	,	PUNCT
cblr-10941	518	95	that	that	SCONJ
cblr-10941	518	96	vcs	vcs	PROPN
cblr-10941	518	97	continue	continue	VERB
cblr-10941	518	98	to	to	PART
cblr-10941	518	99	focus	focus	VERB
cblr-10941	518	100	on	on	ADP
cblr-10941	518	101	software	software	NOUN
cblr-10941	518	102	,	,	PUNCT
cblr-10941	518	103	even	even	ADV
cblr-10941	518	104	though	though	SCONJ
cblr-10941	518	105	there	there	PRON
cblr-10941	518	106	are	be	VERB
cblr-10941	518	107	promising	promise	VERB
cblr-10941	518	108	emerging	emerge	VERB
cblr-10941	518	109	technologies	technology	NOUN
cblr-10941	518	110	in	in	ADP
cblr-10941	518	111	other	other	ADJ
cblr-10941	518	112	fields	field	NOUN
cblr-10941	518	113	.	.	PUNCT
cblr-10941	519	1	b.	b.	PROPN
cblr-10941	519	2	asset	asset	PROPN
cblr-10941	519	3	partitioning	partition	VERB
cblr-10941	519	4	the	the	DET
cblr-10941	519	5	techniques	technique	NOUN
cblr-10941	519	6	that	that	PRON
cblr-10941	519	7	enable	enable	VERB
cblr-10941	519	8	companies	company	NOUN
cblr-10941	519	9	to	to	PART
cblr-10941	519	10	fund	fund	VERB
cblr-10941	519	11	moonshots	moonshot	NOUN
cblr-10941	519	12	start	start	VERB
cblr-10941	519	13	with	with	ADP
cblr-10941	519	14	asset	asset	NOUN
cblr-10941	519	15	partitioning	partitioning	NOUN
cblr-10941	519	16	.	.	PUNCT
cblr-10941	520	1	a	a	DET
cblr-10941	520	2	company	company	NOUN
cblr-10941	520	3	“	"	PUNCT
cblr-10941	520	4	partitions	partition	NOUN
cblr-10941	520	5	”	"	PUNCT
cblr-10941	520	6	assets	asset	NOUN
cblr-10941	520	7	by	by	ADP
cblr-10941	520	8	placing	place	VERB
cblr-10941	520	9	them	they	PRON
cblr-10941	520	10	in	in	ADP
cblr-10941	520	11	separate	separate	ADJ
cblr-10941	520	12	legal	legal	ADJ
cblr-10941	520	13	entities	entity	NOUN
cblr-10941	520	14	.	.	PUNCT
cblr-10941	521	1	most	most	ADJ
cblr-10941	521	2	lawyers	lawyer	NOUN
cblr-10941	521	3	think	think	VERB
cblr-10941	521	4	of	of	ADP
cblr-10941	521	5	147	147	NUM
cblr-10941	521	6	i	i	PROPN
cblr-10941	521	7	d.	d.	PROPN
cblr-10941	521	8	at	at	ADP
cblr-10941	521	9	246–47	246–47	NUM
cblr-10941	521	10	.	.	PUNCT
cblr-10941	522	1	148	148	NUM
cblr-10941	522	2	see	see	VERB
cblr-10941	522	3	i	i	PRON
cblr-10941	522	4	d.	d.	PROPN
cblr-10941	522	5	at	at	ADP
cblr-10941	522	6	247	247	NUM
cblr-10941	522	7	.	.	NOUN
cblr-10941	522	8	149	149	NUM
cblr-10941	522	9	see	see	VERB
cblr-10941	522	10	i	i	PRON
cblr-10941	522	11	d.	d.	PROPN
cblr-10941	522	12	at	at	ADP
cblr-10941	522	13	247	247	NUM
cblr-10941	522	14	fig	fig	NOUN
cblr-10941	522	15	.	.	PUNCT
cblr-10941	523	1	2	2	NUM
cblr-10941	523	2	.	.	NUM
cblr-10941	523	3	150	150	NUM
cblr-10941	524	1	i	i	PROPN
cblr-10941	524	2	d.	d.	PROPN
cblr-10941	524	3	151	151	NUM
cblr-10941	524	4	see	see	VERB
cblr-10941	524	5	michael	michael	PROPN
cblr-10941	524	6	ewens	ewen	VERB
cblr-10941	524	7	et	et	PROPN
cblr-10941	524	8	al	al	PROPN
cblr-10941	524	9	.	.	PROPN
cblr-10941	524	10	,	,	PUNCT
cblr-10941	524	11	cost	cost	NOUN
cblr-10941	524	12	of	of	ADP
cblr-10941	524	13	experimentation	experimentation	NOUN
cblr-10941	524	14	and	and	CCONJ
cblr-10941	524	15	the	the	DET
cblr-10941	524	16	evolution	evolution	NOUN
cblr-10941	524	17	of	of	ADP
cblr-10941	524	18	venture	venture	NOUN
cblr-10941	524	19	capital	capital	NOUN
cblr-10941	524	20	,	,	PUNCT
cblr-10941	524	21	128	128	NUM
cblr-10941	524	22	j.	j.	PROPN
cblr-10941	524	23	fin	fin	PROPN
cblr-10941	524	24	.	.	PUNCT
cblr-10941	524	25	econ	econ	PROPN
cblr-10941	524	26	.	.	PUNCT
cblr-10941	525	1	422	422	NUM
cblr-10941	525	2	,	,	PUNCT
cblr-10941	525	3	425	425	NUM
cblr-10941	525	4	(	(	PUNCT
cblr-10941	525	5	2018	2018	NUM
cblr-10941	525	6	)	)	PUNCT
cblr-10941	525	7	.	.	PUNCT
cblr-10941	526	1	152	152	NUM
cblr-10941	526	2	see	see	VERB
cblr-10941	526	3	i	i	PRON
cblr-10941	526	4	d.	d.	PROPN
cblr-10941	526	5	at	at	ADP
cblr-10941	526	6	431–34	431–34	PROPN
cblr-10941	526	7	.	.	PUNCT
cblr-10941	527	1	153	153	NUM
cblr-10941	527	2	see	see	VERB
cblr-10941	527	3	lerner	lerner	PROPN
cblr-10941	527	4	&	&	CCONJ
cblr-10941	527	5	nanda	nanda	PROPN
cblr-10941	527	6	,	,	PUNCT
cblr-10941	527	7	supra	supra	PROPN
cblr-10941	527	8	note	note	NOUN
cblr-10941	527	9	28	28	NUM
cblr-10941	527	10	,	,	PUNCT
cblr-10941	527	11	at	at	ADP
cblr-10941	527	12	246	246	NUM
cblr-10941	527	13	(	(	PUNCT
cblr-10941	527	14	“	"	PUNCT
cblr-10941	527	15	[	[	X
cblr-10941	527	16	a]n	a]n	ADJ
cblr-10941	527	17	investment	investment	NOUN
cblr-10941	527	18	in	in	ADP
cblr-10941	527	19	the	the	DET
cblr-10941	527	20	software	software	NOUN
cblr-10941	527	21	deals	deal	NOUN
cblr-10941	527	22	between	between	ADP
cblr-10941	527	23	december	december	PROPN
cblr-10941	527	24	1991	1991	NUM
cblr-10941	527	25	and	and	CCONJ
cblr-10941	527	26	september	september	PROPN
cblr-10941	527	27	2019	2019	NUM
cblr-10941	527	28	would	would	AUX
cblr-10941	527	29	have	have	AUX
cblr-10941	527	30	yielded	yield	VERB
cblr-10941	527	31	an	an	DET
cblr-10941	527	32	annualized	annualize	VERB
cblr-10941	527	33	gross	gross	ADJ
cblr-10941	527	34	return	return	NOUN
cblr-10941	527	35	of	of	ADP
cblr-10941	527	36	24	24	NUM
cblr-10941	527	37	percent	percent	NOUN
cblr-10941	527	38	per	per	ADP
cblr-10941	527	39	annum	annum	NOUN
cblr-10941	527	40	,	,	PUNCT
cblr-10941	527	41	far	far	ADV
cblr-10941	527	42	greater	great	ADJ
cblr-10941	527	43	than	than	ADP
cblr-10941	527	44	investments	investment	NOUN
cblr-10941	527	45	in	in	ADP
cblr-10941	527	46	hardware	hardware	NOUN
cblr-10941	527	47	(	(	PUNCT
cblr-10941	527	48	17	17	NUM
cblr-10941	527	49	percent	percent	NOUN
cblr-10941	527	50	)	)	PUNCT
cblr-10941	527	51	,	,	PUNCT
cblr-10941	527	52	healthcare	healthcare	NOUN
cblr-10941	527	53	(	(	PUNCT
cblr-10941	527	54	13	13	NUM
cblr-10941	527	55	percent	percent	NOUN
cblr-10941	527	56	)	)	PUNCT
cblr-10941	527	57	,	,	PUNCT
cblr-10941	527	58	or	or	CCONJ
cblr-10941	527	59	clean	clean	ADJ
cblr-10941	527	60	-	-	PUNCT
cblr-10941	527	61	tech	tech	NOUN
cblr-10941	527	62	(	(	PUNCT
cblr-10941	527	63	2	2	NUM
cblr-10941	527	64	percent	percent	NOUN
cblr-10941	527	65	)	)	PUNCT
cblr-10941	527	66	.	.	PUNCT
cblr-10941	527	67	”	"	PUNCT
cblr-10941	527	68	)	)	PUNCT
cblr-10941	527	69	.	.	PUNCT
cblr-10941	528	1	892	892	NUM
cblr-10941	528	2	columbia	columbia	PROPN
cblr-10941	528	3	business	business	PROPN
cblr-10941	528	4	law	law	PROPN
cblr-10941	528	5	review	review	NOUN
cblr-10941	528	6	[	[	X
cblr-10941	528	7	vol	vol	NOUN
cblr-10941	528	8	.	.	PUNCT
cblr-10941	529	1	2022	2022	NUM
cblr-10941	529	2	asset	asset	NOUN
cblr-10941	529	3	partitioning	partition	VERB
cblr-10941	529	4	as	as	ADP
cblr-10941	529	5	a	a	DET
cblr-10941	529	6	way	way	NOUN
cblr-10941	529	7	for	for	SCONJ
cblr-10941	529	8	companies	company	NOUN
cblr-10941	529	9	to	to	PART
cblr-10941	529	10	comply	comply	VERB
cblr-10941	529	11	with	with	ADP
cblr-10941	529	12	regulations	regulation	NOUN
cblr-10941	529	13	in	in	ADP
cblr-10941	529	14	different	different	ADJ
cblr-10941	529	15	jurisdictions	jurisdiction	NOUN
cblr-10941	529	16	,	,	PUNCT
cblr-10941	529	17	to	to	PART
cblr-10941	529	18	reduce	reduce	VERB
cblr-10941	529	19	their	their	PRON
cblr-10941	529	20	tax	tax	NOUN
cblr-10941	529	21	burden	burden	NOUN
cblr-10941	529	22	,	,	PUNCT
cblr-10941	529	23	or	or	CCONJ
cblr-10941	529	24	to	to	PART
cblr-10941	529	25	protect	protect	VERB
cblr-10941	529	26	assets	asset	NOUN
cblr-10941	529	27	from	from	ADP
cblr-10941	529	28	creditors	creditor	NOUN
cblr-10941	529	29	.	.	PUNCT
cblr-10941	530	1	but	but	CCONJ
cblr-10941	530	2	partitioning	partitioning	NOUN
cblr-10941	530	3	can	can	AUX
cblr-10941	530	4	also	also	ADV
cblr-10941	530	5	be	be	AUX
cblr-10941	530	6	used	use	VERB
cblr-10941	530	7	to	to	PART
cblr-10941	530	8	separate	separate	VERB
cblr-10941	530	9	an	an	DET
cblr-10941	530	10	innovation	innovation	NOUN
cblr-10941	530	11	project	project	NOUN
cblr-10941	530	12	from	from	ADP
cblr-10941	530	13	more	more	ADJ
cblr-10941	530	14	mature	mature	ADJ
cblr-10941	530	15	lines	line	NOUN
cblr-10941	530	16	of	of	ADP
cblr-10941	530	17	business	business	NOUN
cblr-10941	530	18	.	.	PUNCT
cblr-10941	531	1	for	for	ADP
cblr-10941	531	2	instance	instance	NOUN
cblr-10941	531	3	,	,	PUNCT
cblr-10941	531	4	a	a	DET
cblr-10941	531	5	company	company	NOUN
cblr-10941	531	6	could	could	AUX
cblr-10941	531	7	create	create	VERB
cblr-10941	531	8	a	a	DET
cblr-10941	531	9	wholly	wholly	ADV
cblr-10941	531	10	-	-	PUNCT
cblr-10941	531	11	owned	own	VERB
cblr-10941	531	12	subsidiary	subsidiary	NOUN
cblr-10941	531	13	and	and	CCONJ
cblr-10941	531	14	place	place	NOUN
cblr-10941	531	15	all	all	DET
cblr-10941	531	16	the	the	DET
cblr-10941	531	17	assets	asset	NOUN
cblr-10941	531	18	of	of	ADP
cblr-10941	531	19	the	the	DET
cblr-10941	531	20	project	project	NOUN
cblr-10941	531	21	—	—	PUNCT
cblr-10941	531	22	intellectual	intellectual	ADJ
cblr-10941	531	23	property	property	NOUN
cblr-10941	531	24	,	,	PUNCT
cblr-10941	531	25	equipment	equipment	NOUN
cblr-10941	531	26	,	,	PUNCT
cblr-10941	531	27	and	and	CCONJ
cblr-10941	531	28	contracts	contract	NOUN
cblr-10941	531	29	with	with	ADP
cblr-10941	531	30	employees	employee	NOUN
cblr-10941	531	31	and	and	CCONJ
cblr-10941	531	32	third	third	ADJ
cblr-10941	531	33	parties	party	NOUN
cblr-10941	531	34	—	—	PUNCT
cblr-10941	531	35	in	in	ADP
cblr-10941	531	36	the	the	DET
cblr-10941	531	37	subsidiary	subsidiary	NOUN
cblr-10941	531	38	.	.	PUNCT
cblr-10941	532	1	asset	asset	NOUN
cblr-10941	532	2	partitioning	partitioning	NOUN
cblr-10941	532	3	enables	enable	NOUN
cblr-10941	532	4	(	(	PUNCT
cblr-10941	532	5	1	1	X
cblr-10941	532	6	)	)	PUNCT
cblr-10941	532	7	asset	asset	NOUN
cblr-10941	532	8	-	-	PUNCT
cblr-10941	532	9	specific	specific	ADJ
cblr-10941	532	10	financing	financing	NOUN
cblr-10941	532	11	,	,	PUNCT
cblr-10941	532	12	(	(	PUNCT
cblr-10941	532	13	2	2	X
cblr-10941	532	14	)	)	PUNCT
cblr-10941	532	15	assetspecific	assetspecific	ADJ
cblr-10941	532	16	governance	governance	NOUN
cblr-10941	532	17	,	,	PUNCT
cblr-10941	532	18	(	(	PUNCT
cblr-10941	532	19	3	3	X
cblr-10941	532	20	)	)	PUNCT
cblr-10941	532	21	bundled	bundled	ADJ
cblr-10941	532	22	contracts	contract	NOUN
cblr-10941	532	23	,	,	PUNCT
cblr-10941	532	24	and	and	CCONJ
cblr-10941	532	25	(	(	PUNCT
cblr-10941	532	26	4	4	X
cblr-10941	532	27	)	)	PUNCT
cblr-10941	532	28	stronger	strong	ADJ
cblr-10941	532	29	incentives	incentive	NOUN
cblr-10941	532	30	.	.	PUNCT
cblr-10941	533	1	the	the	DET
cblr-10941	533	2	advantage	advantage	NOUN
cblr-10941	533	3	of	of	ADP
cblr-10941	533	4	asset	asset	NOUN
cblr-10941	533	5	-	-	PUNCT
cblr-10941	533	6	specific	specific	ADJ
cblr-10941	533	7	financing	financing	NOUN
cblr-10941	533	8	is	be	AUX
cblr-10941	533	9	easiest	easy	ADJ
cblr-10941	533	10	to	to	PART
cblr-10941	533	11	illustrate	illustrate	VERB
cblr-10941	533	12	with	with	ADP
cblr-10941	533	13	debt	debt	NOUN
cblr-10941	533	14	financing	financing	NOUN
cblr-10941	533	15	.	.	PUNCT
cblr-10941	534	1	suppose	suppose	VERB
cblr-10941	534	2	that	that	SCONJ
cblr-10941	534	3	a	a	DET
cblr-10941	534	4	company	company	NOUN
cblr-10941	534	5	owns	own	VERB
cblr-10941	534	6	and	and	CCONJ
cblr-10941	534	7	manages	manage	VERB
cblr-10941	534	8	a	a	DET
cblr-10941	534	9	bookselling	bookselling	NOUN
cblr-10941	534	10	business	business	NOUN
cblr-10941	534	11	and	and	CCONJ
cblr-10941	534	12	a	a	DET
cblr-10941	534	13	rocket	rocket	NOUN
cblr-10941	534	14	business.154	business.154	NOUN
cblr-10941	534	15	now	now	ADV
cblr-10941	534	16	suppose	suppose	VERB
cblr-10941	534	17	that	that	SCONJ
cblr-10941	534	18	a	a	DET
cblr-10941	534	19	book	book	NOUN
cblr-10941	534	20	publisher	publisher	NOUN
cblr-10941	534	21	is	be	AUX
cblr-10941	534	22	considering	consider	VERB
cblr-10941	534	23	selling	sell	VERB
cblr-10941	534	24	books	book	NOUN
cblr-10941	534	25	to	to	ADP
cblr-10941	534	26	the	the	DET
cblr-10941	534	27	company	company	NOUN
cblr-10941	534	28	on	on	ADP
cblr-10941	534	29	credit	credit	NOUN
cblr-10941	534	30	.	.	PUNCT
cblr-10941	535	1	the	the	DET
cblr-10941	535	2	publisher	publisher	NOUN
cblr-10941	535	3	needs	need	VERB
cblr-10941	535	4	to	to	PART
cblr-10941	535	5	assess	assess	VERB
cblr-10941	535	6	the	the	DET
cblr-10941	535	7	company	company	NOUN
cblr-10941	535	8	’s	’s	PART
cblr-10941	535	9	creditworthiness	creditworthiness	NOUN
cblr-10941	535	10	.	.	PUNCT
cblr-10941	536	1	the	the	DET
cblr-10941	536	2	publisher	publisher	NOUN
cblr-10941	536	3	will	will	AUX
cblr-10941	536	4	likely	likely	ADV
cblr-10941	536	5	be	be	AUX
cblr-10941	536	6	well	well	ADV
cblr-10941	536	7	-	-	PUNCT
cblr-10941	536	8	informed	inform	VERB
cblr-10941	536	9	about	about	ADP
cblr-10941	536	10	the	the	DET
cblr-10941	536	11	finances	finance	NOUN
cblr-10941	536	12	of	of	ADP
cblr-10941	536	13	the	the	DET
cblr-10941	536	14	company	company	NOUN
cblr-10941	536	15	’s	’s	PART
cblr-10941	536	16	bookstore	bookstore	NOUN
cblr-10941	536	17	operations	operation	NOUN
cblr-10941	536	18	and	and	CCONJ
cblr-10941	536	19	credit	credit	NOUN
cblr-10941	536	20	risks	risk	NOUN
cblr-10941	536	21	that	that	PRON
cblr-10941	536	22	affect	affect	VERB
cblr-10941	536	23	the	the	DET
cblr-10941	536	24	bookselling	bookselling	NOUN
cblr-10941	536	25	industry	industry	NOUN
cblr-10941	536	26	generally	generally	ADV
cblr-10941	536	27	.	.	PUNCT
cblr-10941	537	1	but	but	CCONJ
cblr-10941	537	2	the	the	DET
cblr-10941	537	3	publisher	publisher	NOUN
cblr-10941	537	4	would	would	AUX
cblr-10941	537	5	have	have	VERB
cblr-10941	537	6	to	to	PART
cblr-10941	537	7	spend	spend	VERB
cblr-10941	537	8	time	time	NOUN
cblr-10941	537	9	and	and	CCONJ
cblr-10941	537	10	money	money	NOUN
cblr-10941	537	11	researching	research	VERB
cblr-10941	537	12	the	the	DET
cblr-10941	537	13	rocket	rocket	NOUN
cblr-10941	537	14	industry	industry	NOUN
cblr-10941	537	15	to	to	PART
cblr-10941	537	16	assess	assess	VERB
cblr-10941	537	17	the	the	DET
cblr-10941	537	18	credit	credit	NOUN
cblr-10941	537	19	risks	risk	NOUN
cblr-10941	537	20	of	of	ADP
cblr-10941	537	21	the	the	DET
cblr-10941	537	22	rocket	rocket	NOUN
cblr-10941	537	23	business	business	NOUN
cblr-10941	537	24	.	.	PUNCT
cblr-10941	538	1	the	the	DET
cblr-10941	538	2	publisher	publisher	NOUN
cblr-10941	538	3	will	will	AUX
cblr-10941	538	4	charge	charge	VERB
cblr-10941	538	5	a	a	DET
cblr-10941	538	6	premium	premium	NOUN
cblr-10941	538	7	for	for	ADP
cblr-10941	538	8	a	a	DET
cblr-10941	538	9	risk	risk	NOUN
cblr-10941	538	10	it	it	PRON
cblr-10941	538	11	ca	can	AUX
cblr-10941	538	12	n’t	not	PART
cblr-10941	538	13	confidently	confidently	ADV
cblr-10941	538	14	assess	assess	VERB
cblr-10941	538	15	.	.	PUNCT
cblr-10941	539	1	the	the	DET
cblr-10941	539	2	company	company	NOUN
cblr-10941	539	3	can	can	AUX
cblr-10941	539	4	avoid	avoid	VERB
cblr-10941	539	5	paying	pay	VERB
cblr-10941	539	6	this	this	DET
cblr-10941	539	7	premium	premium	NOUN
cblr-10941	539	8	by	by	ADP
cblr-10941	539	9	partitioning	partition	VERB
cblr-10941	539	10	the	the	DET
cblr-10941	539	11	bookstore	bookstore	NOUN
cblr-10941	539	12	assets	asset	NOUN
cblr-10941	539	13	into	into	ADP
cblr-10941	539	14	one	one	NUM
cblr-10941	539	15	subsidiary	subsidiary	NOUN
cblr-10941	539	16	and	and	CCONJ
cblr-10941	539	17	the	the	DET
cblr-10941	539	18	rocket	rocket	NOUN
cblr-10941	539	19	assets	asset	NOUN
cblr-10941	539	20	into	into	ADP
cblr-10941	539	21	another	another	PRON
cblr-10941	539	22	.	.	PUNCT
cblr-10941	540	1	then	then	ADV
cblr-10941	540	2	the	the	DET
cblr-10941	540	3	publisher	publisher	NOUN
cblr-10941	540	4	can	can	AUX
cblr-10941	540	5	contract	contract	VERB
cblr-10941	540	6	directly	directly	ADV
cblr-10941	540	7	with	with	ADP
cblr-10941	540	8	the	the	DET
cblr-10941	540	9	bookstore	bookstore	NOUN
cblr-10941	540	10	subsidiary	subsidiary	NOUN
cblr-10941	540	11	without	without	ADP
cblr-10941	540	12	having	have	VERB
cblr-10941	540	13	to	to	PART
cblr-10941	540	14	worry	worry	VERB
cblr-10941	540	15	about	about	ADP
cblr-10941	540	16	the	the	DET
cblr-10941	540	17	rocket	rocket	NOUN
cblr-10941	540	18	business	business	NOUN
cblr-10941	540	19	’s	’s	PART
cblr-10941	540	20	credit	credit	NOUN
cblr-10941	540	21	.	.	PUNCT
cblr-10941	541	1	similar	similar	ADJ
cblr-10941	541	2	reasoning	reasoning	NOUN
cblr-10941	541	3	applies	apply	VERB
cblr-10941	541	4	to	to	ADP
cblr-10941	541	5	equity	equity	NOUN
cblr-10941	541	6	financing.155	financing.155	NUM
cblr-10941	541	7	investors	investor	NOUN
cblr-10941	541	8	may	may	AUX
cblr-10941	541	9	be	be	AUX
cblr-10941	541	10	enthusiastic	enthusiastic	ADJ
cblr-10941	541	11	about	about	ADP
cblr-10941	541	12	the	the	DET
cblr-10941	541	13	growth	growth	NOUN
cblr-10941	541	14	potential	potential	NOUN
cblr-10941	541	15	of	of	ADP
cblr-10941	541	16	the	the	DET
cblr-10941	541	17	rocket	rocket	NOUN
cblr-10941	541	18	industry	industry	NOUN
cblr-10941	541	19	in	in	ADP
cblr-10941	541	20	an	an	DET
cblr-10941	541	21	era	era	NOUN
cblr-10941	541	22	of	of	ADP
cblr-10941	541	23	space	space	NOUN
cblr-10941	541	24	tourism	tourism	NOUN
cblr-10941	541	25	.	.	PUNCT
cblr-10941	542	1	but	but	CCONJ
cblr-10941	542	2	they	they	PRON
cblr-10941	542	3	may	may	AUX
cblr-10941	542	4	be	be	AUX
cblr-10941	542	5	pessimistic	pessimistic	ADJ
cblr-10941	542	6	about	about	ADP
cblr-10941	542	7	brick	brick	NOUN
cblr-10941	542	8	-	-	PUNCT
cblr-10941	542	9	and	and	CCONJ
cblr-10941	542	10	-	-	PUNCT
cblr-10941	542	11	mortar	mortar	NOUN
cblr-10941	542	12	bookstores	bookstore	NOUN
cblr-10941	542	13	.	.	PUNCT
cblr-10941	543	1	investors	investor	NOUN
cblr-10941	543	2	will	will	AUX
cblr-10941	543	3	pay	pay	VERB
cblr-10941	543	4	less	less	ADJ
cblr-10941	543	5	to	to	PART
cblr-10941	543	6	invest	invest	VERB
cblr-10941	543	7	in	in	ADP
cblr-10941	543	8	the	the	DET
cblr-10941	543	9	rocket	rocket	NOUN
cblr-10941	543	10	business	business	NOUN
cblr-10941	543	11	if	if	SCONJ
cblr-10941	543	12	they	they	PRON
cblr-10941	543	13	must	must	AUX
cblr-10941	543	14	take	take	VERB
cblr-10941	543	15	on	on	ADP
cblr-10941	543	16	the	the	DET
cblr-10941	543	17	risk	risk	NOUN
cblr-10941	543	18	that	that	SCONJ
cblr-10941	543	19	the	the	DET
cblr-10941	543	20	company	company	NOUN
cblr-10941	543	21	’s	’s	PART
cblr-10941	543	22	value	value	NOUN
cblr-10941	543	23	will	will	AUX
cblr-10941	543	24	fall	fall	VERB
cblr-10941	543	25	because	because	SCONJ
cblr-10941	543	26	the	the	DET
cblr-10941	543	27	bookstore	bookstore	NOUN
cblr-10941	543	28	business	business	NOUN
cblr-10941	543	29	declines	decline	VERB
cblr-10941	543	30	.	.	PUNCT
cblr-10941	544	1	savvy	savvy	ADJ
cblr-10941	544	2	investors	investor	NOUN
cblr-10941	544	3	might	might	AUX
cblr-10941	544	4	be	be	AUX
cblr-10941	544	5	able	able	ADJ
cblr-10941	544	6	to	to	PART
cblr-10941	544	7	154	154	NUM
cblr-10941	544	8	see	see	VERB
cblr-10941	544	9	henry	henry	PROPN
cblr-10941	544	10	hansmann	hansmann	PROPN
cblr-10941	544	11	&	&	CCONJ
cblr-10941	544	12	reinier	reinier	PROPN
cblr-10941	544	13	kraakman	kraakman	PROPN
cblr-10941	544	14	,	,	PUNCT
cblr-10941	544	15	the	the	DET
cblr-10941	544	16	essential	essential	ADJ
cblr-10941	544	17	role	role	NOUN
cblr-10941	544	18	of	of	ADP
cblr-10941	544	19	organizational	organizational	ADJ
cblr-10941	544	20	law	law	NOUN
cblr-10941	544	21	,	,	PUNCT
cblr-10941	544	22	110	110	NUM
cblr-10941	544	23	yale	yale	PROPN
cblr-10941	544	24	l.j	l.j	PROPN
cblr-10941	544	25	.	.	PROPN
cblr-10941	544	26	387	387	NUM
cblr-10941	544	27	,	,	PUNCT
cblr-10941	544	28	399	399	NUM
cblr-10941	544	29	(	(	PUNCT
cblr-10941	544	30	2000	2000	NUM
cblr-10941	544	31	)	)	PUNCT
cblr-10941	544	32	(	(	PUNCT
cblr-10941	544	33	offering	offer	VERB
cblr-10941	544	34	a	a	DET
cblr-10941	544	35	similar	similar	ADJ
cblr-10941	544	36	hypothetical	hypothetical	NOUN
cblr-10941	544	37	)	)	PUNCT
cblr-10941	544	38	.	.	PUNCT
cblr-10941	545	1	155	155	NUM
cblr-10941	545	2	see	see	NOUN
cblr-10941	545	3	iacobucci	iacobucci	NOUN
cblr-10941	545	4	&	&	CCONJ
cblr-10941	545	5	triantis	triantis	PROPN
cblr-10941	545	6	,	,	PUNCT
cblr-10941	545	7	supra	supra	PROPN
cblr-10941	545	8	note	note	PROPN
cblr-10941	545	9	97	97	NUM
cblr-10941	545	10	,	,	PUNCT
cblr-10941	545	11	at	at	ADP
cblr-10941	545	12	535–39	535–39	NUM
cblr-10941	545	13	.	.	PUNCT
cblr-10941	546	1	no	no	INTJ
cblr-10941	546	2	.	.	PUNCT
cblr-10941	547	1	2:859	2:859	NUM
cblr-10941	547	2	]	]	PUNCT
cblr-10941	547	3	moonshots	moonshot	NOUN
cblr-10941	547	4	893	893	NUM
cblr-10941	547	5	hedge	hedge	NOUN
cblr-10941	547	6	against	against	ADP
cblr-10941	547	7	the	the	DET
cblr-10941	547	8	risk	risk	NOUN
cblr-10941	547	9	by	by	ADP
cblr-10941	547	10	shorting	short	VERB
cblr-10941	547	11	other	other	ADJ
cblr-10941	547	12	booksellers	bookseller	NOUN
cblr-10941	547	13	,	,	PUNCT
cblr-10941	547	14	but	but	CCONJ
cblr-10941	547	15	they	they	PRON
cblr-10941	547	16	will	will	AUX
cblr-10941	547	17	charge	charge	VERB
cblr-10941	547	18	a	a	DET
cblr-10941	547	19	premium	premium	NOUN
cblr-10941	547	20	for	for	ADP
cblr-10941	547	21	the	the	DET
cblr-10941	547	22	hassle	hassle	NOUN
cblr-10941	547	23	of	of	ADP
cblr-10941	547	24	hedging	hedging	NOUN
cblr-10941	547	25	.	.	PUNCT
cblr-10941	548	1	if	if	SCONJ
cblr-10941	548	2	the	the	DET
cblr-10941	548	3	company	company	NOUN
cblr-10941	548	4	puts	put	VERB
cblr-10941	548	5	the	the	DET
cblr-10941	548	6	rocket	rocket	NOUN
cblr-10941	548	7	business	business	NOUN
cblr-10941	548	8	in	in	ADP
cblr-10941	548	9	a	a	DET
cblr-10941	548	10	separate	separate	ADJ
cblr-10941	548	11	subsidiary	subsidiary	NOUN
cblr-10941	548	12	and	and	CCONJ
cblr-10941	548	13	allows	allow	VERB
cblr-10941	548	14	investors	investor	NOUN
cblr-10941	548	15	to	to	PART
cblr-10941	548	16	buy	buy	VERB
cblr-10941	548	17	stock	stock	NOUN
cblr-10941	548	18	in	in	ADP
cblr-10941	548	19	the	the	DET
cblr-10941	548	20	subsidiary	subsidiary	NOUN
cblr-10941	548	21	,	,	PUNCT
cblr-10941	548	22	investors	investor	NOUN
cblr-10941	548	23	will	will	AUX
cblr-10941	548	24	give	give	VERB
cblr-10941	548	25	the	the	DET
cblr-10941	548	26	subsidiary	subsidiary	NOUN
cblr-10941	548	27	more	more	ADV
cblr-10941	548	28	favorable	favorable	ADJ
cblr-10941	548	29	terms	term	NOUN
cblr-10941	548	30	.	.	PUNCT
cblr-10941	549	1	the	the	DET
cblr-10941	549	2	investment	investment	NOUN
cblr-10941	549	3	is	be	AUX
cblr-10941	549	4	a	a	DET
cblr-10941	549	5	“	"	PUNCT
cblr-10941	549	6	pure	pure	ADJ
cblr-10941	549	7	play	play	NOUN
cblr-10941	549	8	”	"	PUNCT
cblr-10941	549	9	on	on	ADP
cblr-10941	549	10	the	the	DET
cblr-10941	549	11	rocket	rocket	NOUN
cblr-10941	549	12	business	business	NOUN
cblr-10941	549	13	.	.	PUNCT
cblr-10941	550	1	asset	asset	NOUN
cblr-10941	550	2	partitioning	partitioning	NOUN
cblr-10941	550	3	can	can	AUX
cblr-10941	550	4	also	also	ADV
cblr-10941	550	5	allow	allow	VERB
cblr-10941	550	6	a	a	DET
cblr-10941	550	7	company	company	NOUN
cblr-10941	550	8	to	to	PART
cblr-10941	550	9	tailor	tailor	VERB
cblr-10941	550	10	the	the	DET
cblr-10941	550	11	governance	governance	NOUN
cblr-10941	550	12	structure	structure	NOUN
cblr-10941	550	13	for	for	ADP
cblr-10941	550	14	particular	particular	ADJ
cblr-10941	550	15	assets.156	assets.156	PROPN
cblr-10941	550	16	suppose	suppose	VERB
cblr-10941	550	17	a	a	DET
cblr-10941	550	18	natural	natural	ADJ
cblr-10941	550	19	gas	gas	NOUN
cblr-10941	550	20	company	company	NOUN
cblr-10941	550	21	wanted	want	VERB
cblr-10941	550	22	to	to	PART
cblr-10941	550	23	branch	branch	VERB
cblr-10941	550	24	out	out	ADP
cblr-10941	550	25	into	into	ADP
cblr-10941	550	26	the	the	DET
cblr-10941	550	27	solar	solar	ADJ
cblr-10941	550	28	energy	energy	NOUN
cblr-10941	550	29	business	business	NOUN
cblr-10941	550	30	.	.	PUNCT
cblr-10941	551	1	the	the	DET
cblr-10941	551	2	optimal	optimal	ADJ
cblr-10941	551	3	board	board	NOUN
cblr-10941	551	4	of	of	ADP
cblr-10941	551	5	directors	director	NOUN
cblr-10941	551	6	for	for	ADP
cblr-10941	551	7	those	those	DET
cblr-10941	551	8	two	two	NUM
cblr-10941	551	9	businesses	business	NOUN
cblr-10941	551	10	could	could	AUX
cblr-10941	551	11	be	be	AUX
cblr-10941	551	12	different.157	different.157	VERB
cblr-10941	551	13	the	the	DET
cblr-10941	551	14	natural	natural	ADJ
cblr-10941	551	15	gas	gas	NOUN
cblr-10941	551	16	business	business	NOUN
cblr-10941	551	17	might	might	AUX
cblr-10941	551	18	need	need	VERB
cblr-10941	551	19	directors	director	NOUN
cblr-10941	551	20	with	with	ADP
cblr-10941	551	21	expertise	expertise	NOUN
cblr-10941	551	22	in	in	ADP
cblr-10941	551	23	chemical	chemical	ADJ
cblr-10941	551	24	engineering	engineering	NOUN
cblr-10941	551	25	,	,	PUNCT
cblr-10941	551	26	and	and	CCONJ
cblr-10941	551	27	the	the	DET
cblr-10941	551	28	solar	solar	ADJ
cblr-10941	551	29	business	business	NOUN
cblr-10941	551	30	might	might	AUX
cblr-10941	551	31	need	need	VERB
cblr-10941	551	32	directors	director	NOUN
cblr-10941	551	33	with	with	ADP
cblr-10941	551	34	expertise	expertise	NOUN
cblr-10941	551	35	in	in	ADP
cblr-10941	551	36	battery	battery	NOUN
cblr-10941	551	37	technology	technology	NOUN
cblr-10941	551	38	.	.	PUNCT
cblr-10941	552	1	the	the	DET
cblr-10941	552	2	solar	solar	ADJ
cblr-10941	552	3	energy	energy	NOUN
cblr-10941	552	4	business	business	NOUN
cblr-10941	552	5	might	might	AUX
cblr-10941	552	6	want	want	VERB
cblr-10941	552	7	to	to	PART
cblr-10941	552	8	market	market	VERB
cblr-10941	552	9	to	to	ADP
cblr-10941	552	10	utilities	utility	NOUN
cblr-10941	552	11	that	that	PRON
cblr-10941	552	12	currently	currently	ADV
cblr-10941	552	13	rely	rely	VERB
cblr-10941	552	14	on	on	ADP
cblr-10941	552	15	natural	natural	ADJ
cblr-10941	552	16	gas	gas	NOUN
cblr-10941	552	17	to	to	PART
cblr-10941	552	18	get	get	VERB
cblr-10941	552	19	them	they	PRON
cblr-10941	552	20	to	to	PART
cblr-10941	552	21	switch	switch	VERB
cblr-10941	552	22	to	to	AUX
cblr-10941	552	23	solar	solar	VERB
cblr-10941	552	24	.	.	PUNCT
cblr-10941	553	1	in	in	ADP
cblr-10941	553	2	theory	theory	NOUN
cblr-10941	553	3	,	,	PUNCT
cblr-10941	553	4	the	the	DET
cblr-10941	553	5	company	company	NOUN
cblr-10941	553	6	’s	’s	PART
cblr-10941	553	7	directors	director	NOUN
cblr-10941	553	8	should	should	AUX
cblr-10941	553	9	approve	approve	VERB
cblr-10941	553	10	that	that	DET
cblr-10941	553	11	strategy	strategy	NOUN
cblr-10941	553	12	if	if	SCONJ
cblr-10941	553	13	it	it	PRON
cblr-10941	553	14	would	would	AUX
cblr-10941	553	15	increase	increase	VERB
cblr-10941	553	16	the	the	DET
cblr-10941	553	17	company	company	NOUN
cblr-10941	553	18	’s	’s	PART
cblr-10941	553	19	net	net	ADJ
cblr-10941	553	20	profits	profit	NOUN
cblr-10941	553	21	.	.	PUNCT
cblr-10941	554	1	but	but	CCONJ
cblr-10941	554	2	directors	director	NOUN
cblr-10941	554	3	with	with	ADP
cblr-10941	554	4	skills	skill	NOUN
cblr-10941	554	5	,	,	PUNCT
cblr-10941	554	6	experience	experience	NOUN
cblr-10941	554	7	,	,	PUNCT
cblr-10941	554	8	and	and	CCONJ
cblr-10941	554	9	supplier	supplier	NOUN
cblr-10941	554	10	and	and	CCONJ
cblr-10941	554	11	customer	customer	NOUN
cblr-10941	554	12	relationships	relationship	NOUN
cblr-10941	554	13	tied	tie	VERB
cblr-10941	554	14	to	to	ADP
cblr-10941	554	15	the	the	DET
cblr-10941	554	16	natural	natural	ADJ
cblr-10941	554	17	gas	gas	NOUN
cblr-10941	554	18	industry	industry	NOUN
cblr-10941	554	19	might	might	AUX
cblr-10941	554	20	not	not	PART
cblr-10941	554	21	want	want	VERB
cblr-10941	554	22	to	to	PART
cblr-10941	554	23	undercut	undercut	VERB
cblr-10941	554	24	the	the	DET
cblr-10941	554	25	market	market	NOUN
cblr-10941	554	26	that	that	PRON
cblr-10941	554	27	makes	make	VERB
cblr-10941	554	28	them	they	PRON
cblr-10941	554	29	valuable	valuable	ADJ
cblr-10941	554	30	to	to	ADP
cblr-10941	554	31	the	the	DET
cblr-10941	554	32	company.158	company.158	PROPN
cblr-10941	554	33	placing	place	VERB
cblr-10941	554	34	the	the	DET
cblr-10941	554	35	solar	solar	ADJ
cblr-10941	554	36	business	business	NOUN
cblr-10941	554	37	in	in	ADP
cblr-10941	554	38	a	a	DET
cblr-10941	554	39	subsidiary	subsidiary	NOUN
cblr-10941	554	40	and	and	CCONJ
cblr-10941	554	41	giving	give	VERB
cblr-10941	554	42	it	it	PRON
cblr-10941	554	43	solar	solar	ADJ
cblr-10941	554	44	-	-	PUNCT
cblr-10941	554	45	specific	specific	ADJ
cblr-10941	554	46	directors	director	NOUN
cblr-10941	554	47	would	would	AUX
cblr-10941	554	48	reduce	reduce	VERB
cblr-10941	554	49	these	these	DET
cblr-10941	554	50	conflicts	conflict	NOUN
cblr-10941	554	51	.	.	PUNCT
cblr-10941	555	1	asset	asset	NOUN
cblr-10941	555	2	partitioning	partitioning	NOUN
cblr-10941	555	3	can	can	AUX
cblr-10941	555	4	also	also	ADV
cblr-10941	555	5	increase	increase	VERB
cblr-10941	555	6	the	the	DET
cblr-10941	555	7	value	value	NOUN
cblr-10941	555	8	of	of	ADP
cblr-10941	555	9	a	a	DET
cblr-10941	555	10	corporate	corporate	ADJ
cblr-10941	555	11	division	division	NOUN
cblr-10941	555	12	by	by	ADP
cblr-10941	555	13	making	make	VERB
cblr-10941	555	14	it	it	PRON
cblr-10941	555	15	easier	easy	ADJ
cblr-10941	555	16	to	to	PART
cblr-10941	555	17	sell	sell	VERB
cblr-10941	555	18	.	.	PUNCT
cblr-10941	556	1	a	a	DET
cblr-10941	556	2	subsidiary	subsidiary	NOUN
cblr-10941	556	3	is	be	AUX
cblr-10941	556	4	a	a	DET
cblr-10941	556	5	bundle	bundle	NOUN
cblr-10941	556	6	of	of	ADP
cblr-10941	556	7	contracts.159	contracts.159	PROPN
cblr-10941	556	8	the	the	DET
cblr-10941	556	9	subsidiary	subsidiary	NOUN
cblr-10941	556	10	’s	’s	PART
cblr-10941	556	11	employees	employee	NOUN
cblr-10941	556	12	,	,	PUNCT
cblr-10941	556	13	suppliers	supplier	NOUN
cblr-10941	556	14	,	,	PUNCT
cblr-10941	556	15	customers	customer	NOUN
cblr-10941	556	16	,	,	PUNCT
cblr-10941	556	17	and	and	CCONJ
cblr-10941	556	18	business	business	NOUN
cblr-10941	556	19	partners	partner	NOUN
cblr-10941	556	20	all	all	DET
cblr-10941	556	21	contract	contract	VERB
cblr-10941	556	22	with	with	ADP
cblr-10941	556	23	the	the	DET
cblr-10941	556	24	subsidiary	subsidiary	NOUN
cblr-10941	556	25	.	.	PUNCT
cblr-10941	557	1	if	if	SCONJ
cblr-10941	557	2	those	those	DET
cblr-10941	557	3	contracts	contract	NOUN
cblr-10941	557	4	were	be	AUX
cblr-10941	557	5	with	with	ADP
cblr-10941	557	6	the	the	DET
cblr-10941	557	7	parent	parent	NOUN
cblr-10941	557	8	—	—	PUNCT
cblr-10941	557	9	as	as	SCONJ
cblr-10941	557	10	they	they	PRON
cblr-10941	557	11	would	would	AUX
cblr-10941	557	12	be	be	AUX
cblr-10941	557	13	if	if	SCONJ
cblr-10941	557	14	the	the	DET
cblr-10941	557	15	project	project	NOUN
cblr-10941	557	16	was	be	AUX
cblr-10941	557	17	structured	structure	VERB
cblr-10941	557	18	as	as	ADP
cblr-10941	557	19	a	a	DET
cblr-10941	557	20	corporate	corporate	ADJ
cblr-10941	557	21	division	division	NOUN
cblr-10941	557	22	,	,	PUNCT
cblr-10941	557	23	rather	rather	ADV
cblr-10941	557	24	than	than	ADP
cblr-10941	557	25	a	a	DET
cblr-10941	557	26	subsidiary	subsidiary	NOUN
cblr-10941	557	27	—	—	PUNCT
cblr-10941	557	28	the	the	DET
cblr-10941	557	29	parent	parent	NOUN
cblr-10941	557	30	would	would	AUX
cblr-10941	557	31	have	have	VERB
cblr-10941	557	32	to	to	PART
cblr-10941	557	33	negotiate	negotiate	VERB
cblr-10941	557	34	a	a	DET
cblr-10941	557	35	right	right	NOUN
cblr-10941	557	36	of	of	ADP
cblr-10941	557	37	assignment	assignment	NOUN
cblr-10941	557	38	with	with	ADP
cblr-10941	557	39	all	all	PRON
cblr-10941	557	40	of	of	ADP
cblr-10941	557	41	their	their	PRON
cblr-10941	557	42	counterparties	counterpartie	NOUN
cblr-10941	557	43	156	156	NUM
cblr-10941	557	44	see	see	VERB
cblr-10941	557	45	i	i	PRON
cblr-10941	557	46	d.	d.	PROPN
cblr-10941	557	47	at	at	ADP
cblr-10941	557	48	554–57	554–57	NUM
cblr-10941	557	49	.	.	PUNCT
cblr-10941	558	1	157	157	NUM
cblr-10941	558	2	see	see	VERB
cblr-10941	558	3	i	i	PRON
cblr-10941	558	4	d.	d.	PROPN
cblr-10941	558	5	at	at	ADP
cblr-10941	558	6	555–56	555–56	NUM
cblr-10941	558	7	.	.	PUNCT
cblr-10941	559	1	158	158	NUM
cblr-10941	559	2	see	see	VERB
cblr-10941	559	3	i	i	PRON
cblr-10941	559	4	d.	d.	PROPN
cblr-10941	559	5	;	;	PUNCT
cblr-10941	559	6	see	see	VERB
cblr-10941	559	7	also	also	ADV
cblr-10941	559	8	clayton	clayton	PROPN
cblr-10941	559	9	m.	m.	PROPN
cblr-10941	559	10	christensen	christensen	PROPN
cblr-10941	559	11	,	,	PUNCT
cblr-10941	559	12	the	the	DET
cblr-10941	559	13	innovator	innovator	NOUN
cblr-10941	559	14	’s	’s	PART
cblr-10941	559	15	dilemma	dilemma	NOUN
cblr-10941	559	16	42	42	NUM
cblr-10941	559	17	-	-	SYM
cblr-10941	559	18	48	48	NUM
cblr-10941	559	19	(	(	PUNCT
cblr-10941	559	20	2000	2000	NUM
cblr-10941	559	21	)	)	PUNCT
cblr-10941	559	22	(	(	PUNCT
cblr-10941	559	23	arguing	argue	VERB
cblr-10941	559	24	that	that	SCONJ
cblr-10941	559	25	managers	manager	NOUN
cblr-10941	559	26	prioritize	prioritize	VERB
cblr-10941	559	27	the	the	DET
cblr-10941	559	28	innovation	innovation	NOUN
cblr-10941	559	29	needs	need	NOUN
cblr-10941	559	30	of	of	ADP
cblr-10941	559	31	existing	exist	VERB
cblr-10941	559	32	customers	customer	NOUN
cblr-10941	559	33	)	)	PUNCT
cblr-10941	559	34	.	.	PUNCT
cblr-10941	560	1	159	159	NUM
cblr-10941	560	2	see	see	VERB
cblr-10941	560	3	kenneth	kenneth	PROPN
cblr-10941	560	4	ayotte	ayotte	PROPN
cblr-10941	560	5	&	&	CCONJ
cblr-10941	560	6	henry	henry	PROPN
cblr-10941	560	7	hansmann	hansmann	PROPN
cblr-10941	560	8	,	,	PUNCT
cblr-10941	560	9	legal	legal	ADJ
cblr-10941	560	10	entities	entity	NOUN
cblr-10941	560	11	as	as	ADP
cblr-10941	560	12	transferable	transferable	ADJ
cblr-10941	560	13	bundles	bundle	NOUN
cblr-10941	560	14	of	of	ADP
cblr-10941	560	15	contracts	contract	NOUN
cblr-10941	560	16	,	,	PUNCT
cblr-10941	560	17	111	111	NUM
cblr-10941	560	18	mich	mich	NOUN
cblr-10941	560	19	.	.	PUNCT
cblr-10941	561	1	l.	l.	PROPN
cblr-10941	561	2	rev	rev	PROPN
cblr-10941	561	3	.	.	PROPN
cblr-10941	561	4	715	715	NUM
cblr-10941	561	5	,	,	PUNCT
cblr-10941	561	6	725–28	725–28	PROPN
cblr-10941	561	7	(	(	PUNCT
cblr-10941	561	8	2013	2013	NUM
cblr-10941	561	9	)	)	PUNCT
cblr-10941	561	10	.	.	PUNCT
cblr-10941	562	1	894	894	NUM
cblr-10941	562	2	columbia	columbia	PROPN
cblr-10941	562	3	business	business	NOUN
cblr-10941	562	4	law	law	PROPN
cblr-10941	562	5	review	review	NOUN
cblr-10941	562	6	[	[	X
cblr-10941	562	7	vol	vol	NOUN
cblr-10941	562	8	.	.	PUNCT
cblr-10941	562	9	2022	2022	NUM
cblr-10941	562	10	before	before	ADP
cblr-10941	562	11	selling	sell	VERB
cblr-10941	562	12	the	the	DET
cblr-10941	562	13	project.160	project.160	NOUN
cblr-10941	562	14	bundling	bundle	VERB
cblr-10941	562	15	the	the	DET
cblr-10941	562	16	contracts	contract	NOUN
cblr-10941	562	17	in	in	ADP
cblr-10941	562	18	a	a	DET
cblr-10941	562	19	subsidiary	subsidiary	NOUN
cblr-10941	562	20	reduces	reduce	VERB
cblr-10941	562	21	the	the	DET
cblr-10941	562	22	transaction	transaction	NOUN
cblr-10941	562	23	costs	cost	NOUN
cblr-10941	562	24	of	of	ADP
cblr-10941	562	25	a	a	DET
cblr-10941	562	26	sale	sale	NOUN
cblr-10941	562	27	and	and	CCONJ
cblr-10941	562	28	therefore	therefore	ADV
cblr-10941	562	29	raises	raise	VERB
cblr-10941	562	30	the	the	DET
cblr-10941	562	31	value	value	NOUN
cblr-10941	562	32	of	of	ADP
cblr-10941	562	33	the	the	DET
cblr-10941	562	34	subsidiary	subsidiary	NOUN
cblr-10941	562	35	.	.	PUNCT
cblr-10941	563	1	asset	asset	NOUN
cblr-10941	563	2	partitioning	partitioning	NOUN
cblr-10941	563	3	can	can	AUX
cblr-10941	563	4	also	also	ADV
cblr-10941	563	5	solve	solve	VERB
cblr-10941	563	6	the	the	DET
cblr-10941	563	7	motivation	motivation	NOUN
cblr-10941	563	8	problem	problem	NOUN
cblr-10941	563	9	.	.	PUNCT
cblr-10941	564	1	the	the	DET
cblr-10941	564	2	managers	manager	NOUN
cblr-10941	564	3	in	in	ADP
cblr-10941	564	4	charge	charge	NOUN
cblr-10941	564	5	of	of	ADP
cblr-10941	564	6	a	a	DET
cblr-10941	564	7	subsidiary	subsidiary	NOUN
cblr-10941	564	8	face	face	VERB
cblr-10941	564	9	stronger	strong	ADJ
cblr-10941	564	10	incentives	incentive	NOUN
cblr-10941	564	11	than	than	ADP
cblr-10941	564	12	the	the	DET
cblr-10941	564	13	managers	manager	NOUN
cblr-10941	564	14	of	of	ADP
cblr-10941	564	15	a	a	DET
cblr-10941	564	16	corporate	corporate	ADJ
cblr-10941	564	17	division	division	NOUN
cblr-10941	564	18	.	.	PUNCT
cblr-10941	565	1	when	when	SCONJ
cblr-10941	565	2	a	a	DET
cblr-10941	565	3	parent	parent	NOUN
cblr-10941	565	4	company	company	NOUN
cblr-10941	565	5	partitions	partition	VERB
cblr-10941	565	6	risky	risky	ADJ
cblr-10941	565	7	assets	asset	NOUN
cblr-10941	565	8	into	into	ADP
cblr-10941	565	9	a	a	DET
cblr-10941	565	10	subsidiary	subsidiary	NOUN
cblr-10941	565	11	,	,	PUNCT
cblr-10941	565	12	it	it	PRON
cblr-10941	565	13	protects	protect	VERB
cblr-10941	565	14	the	the	DET
cblr-10941	565	15	parent	parent	NOUN
cblr-10941	565	16	’s	’s	PART
cblr-10941	565	17	assets	asset	NOUN
cblr-10941	565	18	from	from	ADP
cblr-10941	565	19	the	the	DET
cblr-10941	565	20	subsidiary	subsidiary	NOUN
cblr-10941	565	21	’s	’s	PART
cblr-10941	565	22	creditors	creditor	NOUN
cblr-10941	565	23	.	.	PUNCT
cblr-10941	566	1	that	that	PRON
cblr-10941	566	2	effectively	effectively	ADV
cblr-10941	566	3	gives	give	VERB
cblr-10941	566	4	the	the	DET
cblr-10941	566	5	parent	parent	NOUN
cblr-10941	566	6	a	a	DET
cblr-10941	566	7	put	put	NOUN
cblr-10941	566	8	option	option	NOUN
cblr-10941	566	9	on	on	ADP
cblr-10941	566	10	the	the	DET
cblr-10941	566	11	subsidiary.161	subsidiary.161	ADJ
cblr-10941	566	12	if	if	SCONJ
cblr-10941	566	13	the	the	DET
cblr-10941	566	14	subsidiary	subsidiary	NOUN
cblr-10941	566	15	defaults	default	NOUN
cblr-10941	566	16	,	,	PUNCT
cblr-10941	566	17	the	the	DET
cblr-10941	566	18	parent	parent	NOUN
cblr-10941	566	19	can	can	AUX
cblr-10941	566	20	simply	simply	ADV
cblr-10941	566	21	abandon	abandon	VERB
cblr-10941	566	22	the	the	DET
cblr-10941	566	23	subsidiary	subsidiary	NOUN
cblr-10941	566	24	,	,	PUNCT
cblr-10941	566	25	which	which	PRON
cblr-10941	566	26	limits	limit	VERB
cblr-10941	566	27	the	the	DET
cblr-10941	566	28	parent	parent	NOUN
cblr-10941	566	29	’s	’s	PART
cblr-10941	566	30	losses	loss	NOUN
cblr-10941	566	31	to	to	ADP
cblr-10941	566	32	the	the	DET
cblr-10941	566	33	assets	asset	NOUN
cblr-10941	566	34	it	it	PRON
cblr-10941	566	35	placed	place	VERB
cblr-10941	566	36	in	in	ADP
cblr-10941	566	37	the	the	DET
cblr-10941	566	38	subsidiary	subsidiary	NOUN
cblr-10941	566	39	.	.	PUNCT
cblr-10941	567	1	the	the	DET
cblr-10941	567	2	parent	parent	NOUN
cblr-10941	567	3	’s	’s	PART
cblr-10941	567	4	option	option	NOUN
cblr-10941	567	5	to	to	PART
cblr-10941	567	6	abandon	abandon	VERB
cblr-10941	567	7	the	the	DET
cblr-10941	567	8	subsidiary	subsidiary	NOUN
cblr-10941	567	9	also	also	ADV
cblr-10941	567	10	reduces	reduce	VERB
cblr-10941	567	11	the	the	DET
cblr-10941	567	12	parent	parent	NOUN
cblr-10941	567	13	’s	’s	PART
cblr-10941	567	14	incentive	incentive	NOUN
cblr-10941	567	15	to	to	PART
cblr-10941	567	16	invest	invest	VERB
cblr-10941	567	17	in	in	ADP
cblr-10941	567	18	internal	internal	ADJ
cblr-10941	567	19	uses	use	NOUN
cblr-10941	567	20	for	for	ADP
cblr-10941	567	21	the	the	DET
cblr-10941	567	22	subsidiary	subsidiary	NOUN
cblr-10941	567	23	’s	’s	PART
cblr-10941	567	24	assets.162	assets.162	NOUN
cblr-10941	567	25	that	that	PRON
cblr-10941	567	26	can	can	AUX
cblr-10941	567	27	be	be	AUX
cblr-10941	567	28	a	a	DET
cblr-10941	567	29	salutary	salutary	ADJ
cblr-10941	567	30	change	change	NOUN
cblr-10941	567	31	in	in	ADP
cblr-10941	567	32	incentives	incentive	NOUN
cblr-10941	567	33	if	if	SCONJ
cblr-10941	567	34	the	the	DET
cblr-10941	567	35	subsidiary	subsidiary	NOUN
cblr-10941	567	36	houses	house	VERB
cblr-10941	567	37	an	an	DET
cblr-10941	567	38	innovation	innovation	NOUN
cblr-10941	567	39	project	project	NOUN
cblr-10941	567	40	.	.	PUNCT
cblr-10941	568	1	the	the	DET
cblr-10941	568	2	parent	parent	NOUN
cblr-10941	568	3	may	may	AUX
cblr-10941	568	4	be	be	AUX
cblr-10941	568	5	less	less	ADV
cblr-10941	568	6	likely	likely	ADJ
cblr-10941	568	7	to	to	PART
cblr-10941	568	8	direct	direct	VERB
cblr-10941	568	9	the	the	DET
cblr-10941	568	10	subsidiary	subsidiary	NOUN
cblr-10941	568	11	’s	’s	PART
cblr-10941	568	12	assets	asset	NOUN
cblr-10941	568	13	to	to	PART
cblr-10941	568	14	deliver	deliver	VERB
cblr-10941	568	15	incremental	incremental	ADJ
cblr-10941	568	16	improvements	improvement	NOUN
cblr-10941	568	17	to	to	ADP
cblr-10941	568	18	the	the	DET
cblr-10941	568	19	parent	parent	NOUN
cblr-10941	568	20	’s	’s	PART
cblr-10941	568	21	existing	exist	VERB
cblr-10941	568	22	customers.163	customers.163	NOUN
cblr-10941	568	23	the	the	DET
cblr-10941	568	24	manager	manager	NOUN
cblr-10941	568	25	of	of	ADP
cblr-10941	568	26	the	the	DET
cblr-10941	568	27	subsidiary	subsidiary	NOUN
cblr-10941	568	28	likewise	likewise	ADV
cblr-10941	568	29	gains	gain	VERB
cblr-10941	568	30	a	a	DET
cblr-10941	568	31	stronger	strong	ADJ
cblr-10941	568	32	incentive	incentive	NOUN
cblr-10941	568	33	to	to	PART
cblr-10941	568	34	develop	develop	VERB
cblr-10941	568	35	independent	independent	ADJ
cblr-10941	568	36	uses	use	NOUN
cblr-10941	568	37	for	for	ADP
cblr-10941	568	38	the	the	DET
cblr-10941	568	39	subsidiary	subsidiary	NOUN
cblr-10941	568	40	’s	’s	PART
cblr-10941	568	41	assets.164	assets.164	NOUN
cblr-10941	568	42	she	she	PRON
cblr-10941	568	43	also	also	ADV
cblr-10941	568	44	gains	gain	VERB
cblr-10941	568	45	more	more	ADJ
cblr-10941	568	46	freedom	freedom	NOUN
cblr-10941	568	47	to	to	PART
cblr-10941	568	48	develop	develop	VERB
cblr-10941	568	49	the	the	DET
cblr-10941	568	50	assets	asset	NOUN
cblr-10941	568	51	as	as	SCONJ
cblr-10941	568	52	she	she	PRON
cblr-10941	568	53	sees	see	VERB
cblr-10941	568	54	fit	fit	ADJ
cblr-10941	568	55	because	because	SCONJ
cblr-10941	568	56	she	she	PRON
cblr-10941	568	57	no	no	ADV
cblr-10941	568	58	longer	long	ADV
cblr-10941	568	59	has	have	VERB
cblr-10941	568	60	to	to	PART
cblr-10941	568	61	compete	compete	VERB
cblr-10941	568	62	with	with	ADP
cblr-10941	568	63	other	other	ADJ
cblr-10941	568	64	divisions	division	NOUN
cblr-10941	568	65	seeking	seek	VERB
cblr-10941	568	66	to	to	PART
cblr-10941	568	67	use	use	VERB
cblr-10941	568	68	the	the	DET
cblr-10941	568	69	assets.165	assets.165	NOUN
cblr-10941	568	70	the	the	DET
cblr-10941	568	71	manager	manager	NOUN
cblr-10941	568	72	of	of	ADP
cblr-10941	568	73	a	a	DET
cblr-10941	568	74	subsidiary	subsidiary	NOUN
cblr-10941	568	75	can	can	AUX
cblr-10941	568	76	motivate	motivate	VERB
cblr-10941	568	77	her	her	PRON
cblr-10941	568	78	employees	employee	NOUN
cblr-10941	568	79	more	more	ADV
cblr-10941	568	80	effectively	effectively	ADV
cblr-10941	568	81	than	than	ADP
cblr-10941	568	82	the	the	DET
cblr-10941	568	83	manager	manager	NOUN
cblr-10941	568	84	of	of	ADP
cblr-10941	568	85	a	a	DET
cblr-10941	568	86	corporate	corporate	ADJ
cblr-10941	568	87	division	division	NOUN
cblr-10941	568	88	.	.	PUNCT
cblr-10941	569	1	she	she	PRON
cblr-10941	569	2	does	do	AUX
cblr-10941	569	3	n’t	not	PART
cblr-10941	569	4	need	need	VERB
cblr-10941	569	5	to	to	PART
cblr-10941	569	6	worry	worry	VERB
cblr-10941	569	7	that	that	SCONJ
cblr-10941	569	8	giving	give	VERB
cblr-10941	569	9	employees	employee	NOUN
cblr-10941	569	10	strong	strong	ADJ
cblr-10941	569	11	incentives	incentive	NOUN
cblr-10941	569	12	for	for	ADP
cblr-10941	569	13	work	work	NOUN
cblr-10941	569	14	on	on	ADP
cblr-10941	569	15	an	an	DET
cblr-10941	569	16	innovation	innovation	NOUN
cblr-10941	569	17	project	project	NOUN
cblr-10941	569	18	will	will	AUX
cblr-10941	569	19	distract	distract	VERB
cblr-10941	569	20	them	they	PRON
cblr-10941	569	21	from	from	ADP
cblr-10941	569	22	other	other	ADJ
cblr-10941	569	23	tasks	task	NOUN
cblr-10941	569	24	or	or	CCONJ
cblr-10941	569	25	cause	cause	VERB
cblr-10941	569	26	employees	employee	NOUN
cblr-10941	569	27	from	from	ADP
cblr-10941	569	28	other	other	ADJ
cblr-10941	569	29	divisions	division	NOUN
cblr-10941	569	30	to	to	PART
cblr-10941	569	31	seek	seek	VERB
cblr-10941	569	32	a	a	DET
cblr-10941	569	33	transfer	transfer	NOUN
cblr-10941	569	34	.	.	PUNCT
cblr-10941	570	1	but	but	CCONJ
cblr-10941	570	2	designing	design	VERB
cblr-10941	570	3	incentive	incentive	NOUN
cblr-10941	570	4	compensation	compensation	NOUN
cblr-10941	570	5	is	be	AUX
cblr-10941	570	6	still	still	ADV
cblr-10941	570	7	tricky	tricky	ADJ
cblr-10941	570	8	.	.	PUNCT
cblr-10941	571	1	if	if	SCONJ
cblr-10941	571	2	the	the	DET
cblr-10941	571	3	subsidiary	subsidiary	NOUN
cblr-10941	571	4	is	be	AUX
cblr-10941	571	5	wholly	wholly	ADV
cblr-10941	571	6	owned	own	VERB
cblr-10941	571	7	,	,	PUNCT
cblr-10941	571	8	there	there	PRON
cblr-10941	571	9	is	be	VERB
cblr-10941	571	10	no	no	DET
cblr-10941	571	11	market	market	NOUN
cblr-10941	571	12	signal	signal	NOUN
cblr-10941	571	13	of	of	ADP
cblr-10941	571	14	the	the	DET
cblr-10941	571	15	subsidiary	subsidiary	NOUN
cblr-10941	571	16	’s	’s	PART
cblr-10941	571	17	value	value	NOUN
cblr-10941	571	18	.	.	PUNCT
cblr-10941	572	1	the	the	DET
cblr-10941	572	2	subsidiary	subsidiary	NOUN
cblr-10941	572	3	’s	’s	PART
cblr-10941	572	4	employees	employee	NOUN
cblr-10941	572	5	still	still	ADV
cblr-10941	572	6	have	have	VERB
cblr-10941	572	7	to	to	PART
cblr-10941	572	8	worry	worry	VERB
cblr-10941	572	9	that	that	SCONJ
cblr-10941	572	10	the	the	DET
cblr-10941	572	11	parent	parent	NOUN
cblr-10941	572	12	will	will	AUX
cblr-10941	572	13	opportunistically	opportunistically	ADV
cblr-10941	572	14	undervalue	undervalue	VERB
cblr-10941	572	15	the	the	DET
cblr-10941	572	16	160	160	NUM
cblr-10941	572	17	see	see	VERB
cblr-10941	573	1	i	i	PROPN
cblr-10941	573	2	d.	d.	PROPN
cblr-10941	573	3	at	at	ADP
cblr-10941	573	4	732–35	732–35	NUM
cblr-10941	573	5	.	.	X
cblr-10941	574	1	161	161	NUM
cblr-10941	574	2	see	see	VERB
cblr-10941	574	3	kenneth	kenneth	PROPN
cblr-10941	574	4	ayotte	ayotte	PROPN
cblr-10941	574	5	,	,	PUNCT
cblr-10941	574	6	subsidiary	subsidiary	ADJ
cblr-10941	574	7	legal	legal	ADJ
cblr-10941	574	8	entities	entity	NOUN
cblr-10941	574	9	and	and	CCONJ
cblr-10941	574	10	innovation	innovation	NOUN
cblr-10941	574	11	,	,	PUNCT
cblr-10941	574	12	6	6	NUM
cblr-10941	574	13	rev	rev	X
cblr-10941	574	14	.	.	PROPN
cblr-10941	574	15	corp	corp	PROPN
cblr-10941	574	16	.	.	PROPN
cblr-10941	574	17	fin	fin	PROPN
cblr-10941	574	18	.	.	PUNCT
cblr-10941	574	19	stud	stud	PROPN
cblr-10941	574	20	.	.	PUNCT
cblr-10941	575	1	39	39	NUM
cblr-10941	575	2	,	,	PUNCT
cblr-10941	575	3	40	40	NUM
cblr-10941	575	4	(	(	PUNCT
cblr-10941	575	5	2017	2017	NUM
cblr-10941	575	6	)	)	PUNCT
cblr-10941	575	7	.	.	PUNCT
cblr-10941	576	1	162	162	NUM
cblr-10941	576	2	see	see	VERB
cblr-10941	576	3	i	i	PRON
cblr-10941	576	4	d.	d.	PROPN
cblr-10941	576	5	at	at	ADP
cblr-10941	576	6	41	41	NUM
cblr-10941	576	7	.	.	PUNCT
cblr-10941	577	1	163	163	NUM
cblr-10941	577	2	see	see	VERB
cblr-10941	577	3	christensen	christensen	PROPN
cblr-10941	577	4	,	,	PUNCT
cblr-10941	577	5	supra	supra	PROPN
cblr-10941	577	6	note	note	PROPN
cblr-10941	577	7	156	156	NUM
cblr-10941	577	8	,	,	PUNCT
cblr-10941	577	9	at	at	ADP
cblr-10941	577	10	42–48	42–48	PROPN
cblr-10941	577	11	.	.	PUNCT
cblr-10941	578	1	164	164	NUM
cblr-10941	578	2	see	see	VERB
cblr-10941	578	3	ayotte	ayotte	NOUN
cblr-10941	578	4	,	,	PUNCT
cblr-10941	578	5	supra	supra	PROPN
cblr-10941	578	6	note	note	PROPN
cblr-10941	578	7	159	159	NUM
cblr-10941	578	8	,	,	PUNCT
cblr-10941	578	9	at	at	ADP
cblr-10941	578	10	41	41	NUM
cblr-10941	578	11	.	.	PUNCT
cblr-10941	579	1	165	165	NUM
cblr-10941	579	2	see	see	VERB
cblr-10941	579	3	i	i	PRON
cblr-10941	579	4	d.	d.	PROPN
cblr-10941	579	5	no	no	INTJ
cblr-10941	579	6	.	.	PUNCT
cblr-10941	580	1	2:859	2:859	NUM
cblr-10941	580	2	]	]	PUNCT
cblr-10941	580	3	moonshots	moonshot	NOUN
cblr-10941	580	4	895	895	NUM
cblr-10941	580	5	subsidiary	subsidiary	NOUN
cblr-10941	580	6	if	if	SCONJ
cblr-10941	580	7	the	the	DET
cblr-10941	580	8	innovation	innovation	NOUN
cblr-10941	580	9	project	project	NOUN
cblr-10941	580	10	succeeds	succeed	VERB
cblr-10941	580	11	.	.	PUNCT
cblr-10941	581	1	it	it	PRON
cblr-10941	581	2	should	should	AUX
cblr-10941	581	3	not	not	PART
cblr-10941	581	4	be	be	AUX
cblr-10941	581	5	surprising	surprising	ADJ
cblr-10941	581	6	,	,	PUNCT
cblr-10941	581	7	then	then	ADV
cblr-10941	581	8	,	,	PUNCT
cblr-10941	581	9	that	that	SCONJ
cblr-10941	581	10	the	the	DET
cblr-10941	581	11	most	most	ADV
cblr-10941	581	12	successful	successful	ADJ
cblr-10941	581	13	forms	form	NOUN
cblr-10941	581	14	of	of	ADP
cblr-10941	581	15	innovation	innovation	NOUN
cblr-10941	581	16	subsidiaries	subsidiary	NOUN
cblr-10941	581	17	involve	involve	VERB
cblr-10941	581	18	outside	outside	ADJ
cblr-10941	581	19	investors	investor	NOUN
cblr-10941	581	20	.	.	PUNCT
cblr-10941	582	1	c.	c.	PROPN
cblr-10941	582	2	innovation	innovation	PROPN
cblr-10941	582	3	subsidiaries	subsidiary	NOUN
cblr-10941	582	4	innovation	innovation	NOUN
cblr-10941	582	5	subsidiaries	subsidiary	NOUN
cblr-10941	582	6	can	can	AUX
cblr-10941	582	7	be	be	AUX
cblr-10941	582	8	divided	divide	VERB
cblr-10941	582	9	into	into	ADP
cblr-10941	582	10	three	three	NUM
cblr-10941	582	11	categories	category	NOUN
cblr-10941	582	12	:	:	PUNCT
cblr-10941	582	13	joint	joint	ADJ
cblr-10941	582	14	ventures	venture	NOUN
cblr-10941	582	15	,	,	PUNCT
cblr-10941	582	16	spinoffs	spinoff	NOUN
cblr-10941	582	17	,	,	PUNCT
cblr-10941	582	18	and	and	CCONJ
cblr-10941	582	19	equity	equity	NOUN
cblr-10941	582	20	carveouts	carveout	NOUN
cblr-10941	582	21	.	.	PUNCT
cblr-10941	583	1	a	a	DET
cblr-10941	583	2	joint	joint	ADJ
cblr-10941	583	3	venture	venture	NOUN
cblr-10941	583	4	(	(	PUNCT
cblr-10941	583	5	jv	jv	NOUN
cblr-10941	583	6	)	)	PUNCT
cblr-10941	583	7	is	be	AUX
cblr-10941	583	8	an	an	DET
cblr-10941	583	9	independent	independent	ADJ
cblr-10941	583	10	legal	legal	ADJ
cblr-10941	583	11	entity	entity	NOUN
cblr-10941	583	12	owned	own	VERB
cblr-10941	583	13	by	by	ADP
cblr-10941	583	14	two	two	NUM
cblr-10941	583	15	parent	parent	NOUN
cblr-10941	583	16	companies.166	companies.166	VERB
cblr-10941	583	17	the	the	DET
cblr-10941	583	18	archetypal	archetypal	ADJ
cblr-10941	583	19	form	form	NOUN
cblr-10941	583	20	is	be	AUX
cblr-10941	583	21	the	the	DET
cblr-10941	583	22	drug	drug	NOUN
cblr-10941	583	23	development	development	NOUN
cblr-10941	583	24	jv.167	jv.167	ADP
cblr-10941	583	25	an	an	DET
cblr-10941	583	26	established	establish	VERB
cblr-10941	583	27	pharmaceutical	pharmaceutical	ADJ
cblr-10941	583	28	company	company	NOUN
cblr-10941	583	29	and	and	CCONJ
cblr-10941	583	30	venture	venture	NOUN
cblr-10941	583	31	-	-	PUNCT
cblr-10941	583	32	backed	back	VERB
cblr-10941	583	33	biotech	biotech	NOUN
cblr-10941	583	34	startup	startup	NOUN
cblr-10941	583	35	form	form	VERB
cblr-10941	583	36	a	a	DET
cblr-10941	583	37	jv	jv	NOUN
cblr-10941	583	38	to	to	PART
cblr-10941	583	39	bring	bring	VERB
cblr-10941	583	40	a	a	DET
cblr-10941	583	41	new	new	ADJ
cblr-10941	583	42	drug	drug	NOUN
cblr-10941	583	43	to	to	ADP
cblr-10941	583	44	market	market	NOUN
cblr-10941	583	45	.	.	PUNCT
cblr-10941	584	1	the	the	DET
cblr-10941	584	2	pharmaceutical	pharmaceutical	ADJ
cblr-10941	584	3	company	company	NOUN
cblr-10941	584	4	contributes	contribute	VERB
cblr-10941	584	5	experience	experience	NOUN
cblr-10941	584	6	with	with	ADP
cblr-10941	584	7	clinical	clinical	ADJ
cblr-10941	584	8	trials	trial	NOUN
cblr-10941	584	9	and	and	CCONJ
cblr-10941	584	10	the	the	DET
cblr-10941	584	11	fda	fda	PROPN
cblr-10941	584	12	’s	’s	PART
cblr-10941	584	13	premarket	premarket	NOUN
cblr-10941	584	14	approval	approval	NOUN
cblr-10941	584	15	process.168	process.168	ADP
cblr-10941	584	16	the	the	DET
cblr-10941	584	17	startup	startup	NOUN
cblr-10941	584	18	contributes	contribute	VERB
cblr-10941	584	19	novel	novel	ADJ
cblr-10941	584	20	technology	technology	NOUN
cblr-10941	584	21	and	and	CCONJ
cblr-10941	584	22	research	research	NOUN
cblr-10941	584	23	scientists.169	scientists.169	NOUN
cblr-10941	584	24	both	both	DET
cblr-10941	584	25	companies	company	NOUN
cblr-10941	584	26	cede	cede	VERB
cblr-10941	584	27	some	some	DET
cblr-10941	584	28	control	control	NOUN
cblr-10941	584	29	over	over	ADP
cblr-10941	584	30	the	the	DET
cblr-10941	584	31	project	project	NOUN
cblr-10941	584	32	by	by	ADP
cblr-10941	584	33	partitioning	partition	VERB
cblr-10941	584	34	their	their	PRON
cblr-10941	584	35	assets	asset	NOUN
cblr-10941	584	36	into	into	ADP
cblr-10941	584	37	an	an	DET
cblr-10941	584	38	entity	entity	NOUN
cblr-10941	584	39	with	with	ADP
cblr-10941	584	40	independent	independent	ADJ
cblr-10941	584	41	governance	governance	NOUN
cblr-10941	584	42	.	.	PUNCT
cblr-10941	585	1	they	they	PRON
cblr-10941	585	2	are	be	AUX
cblr-10941	585	3	willing	willing	ADJ
cblr-10941	585	4	to	to	PART
cblr-10941	585	5	do	do	VERB
cblr-10941	585	6	so	so	ADV
cblr-10941	585	7	because	because	SCONJ
cblr-10941	585	8	their	their	PRON
cblr-10941	585	9	interests	interest	NOUN
cblr-10941	585	10	are	be	AUX
cblr-10941	585	11	closely	closely	ADV
cblr-10941	585	12	aligned	align	VERB
cblr-10941	585	13	.	.	PUNCT
cblr-10941	586	1	both	both	DET
cblr-10941	586	2	parents	parent	NOUN
cblr-10941	586	3	want	want	VERB
cblr-10941	586	4	to	to	PART
cblr-10941	586	5	see	see	VERB
cblr-10941	586	6	the	the	DET
cblr-10941	586	7	drug	drug	NOUN
cblr-10941	586	8	come	come	VERB
cblr-10941	586	9	to	to	ADP
cblr-10941	586	10	market	market	NOUN
cblr-10941	586	11	.	.	PUNCT
cblr-10941	587	1	if	if	SCONJ
cblr-10941	587	2	the	the	DET
cblr-10941	587	3	new	new	ADJ
cblr-10941	587	4	drug	drug	NOUN
cblr-10941	587	5	does	do	AUX
cblr-10941	587	6	n’t	not	PART
cblr-10941	587	7	pan	pan	VERB
cblr-10941	587	8	out	out	ADP
cblr-10941	587	9	,	,	PUNCT
cblr-10941	587	10	the	the	DET
cblr-10941	587	11	jv	jv	NOUN
cblr-10941	587	12	structure	structure	NOUN
cblr-10941	587	13	protects	protect	VERB
cblr-10941	587	14	both	both	DET
cblr-10941	587	15	companies	company	NOUN
cblr-10941	587	16	’	'	PUNCT
cblr-10941	587	17	assets	asset	NOUN
cblr-10941	587	18	.	.	PUNCT
cblr-10941	588	1	asset	asset	NOUN
cblr-10941	588	2	protection	protection	NOUN
cblr-10941	588	3	may	may	AUX
cblr-10941	588	4	not	not	PART
cblr-10941	588	5	matter	matter	VERB
cblr-10941	588	6	to	to	ADP
cblr-10941	588	7	the	the	DET
cblr-10941	588	8	asset	asset	NOUN
cblr-10941	588	9	-	-	PUNCT
cblr-10941	588	10	light	light	NOUN
cblr-10941	588	11	startup	startup	NOUN
cblr-10941	588	12	,	,	PUNCT
cblr-10941	588	13	but	but	CCONJ
cblr-10941	588	14	it	it	PRON
cblr-10941	588	15	’s	’	VERB
cblr-10941	588	16	critical	critical	ADJ
cblr-10941	588	17	for	for	ADP
cblr-10941	588	18	the	the	DET
cblr-10941	588	19	pharmaceutical	pharmaceutical	ADJ
cblr-10941	588	20	company	company	NOUN
cblr-10941	588	21	.	.	PUNCT
cblr-10941	589	1	the	the	DET
cblr-10941	589	2	success	success	NOUN
cblr-10941	589	3	of	of	ADP
cblr-10941	589	4	the	the	DET
cblr-10941	589	5	drug	drug	NOUN
cblr-10941	589	6	development	development	PROPN
cblr-10941	589	7	jv	jv	PROPN
cblr-10941	589	8	model	model	NOUN
cblr-10941	589	9	is	be	AUX
cblr-10941	589	10	n’t	not	PART
cblr-10941	589	11	easily	easily	ADV
cblr-10941	589	12	replicable	replicable	ADJ
cblr-10941	589	13	in	in	ADP
cblr-10941	589	14	other	other	ADJ
cblr-10941	589	15	markets	market	NOUN
cblr-10941	589	16	.	.	PUNCT
cblr-10941	590	1	the	the	DET
cblr-10941	590	2	odds	odd	NOUN
cblr-10941	590	3	of	of	ADP
cblr-10941	590	4	a	a	DET
cblr-10941	590	5	new	new	ADJ
cblr-10941	590	6	drug	drug	NOUN
cblr-10941	590	7	making	make	VERB
cblr-10941	590	8	it	it	PRON
cblr-10941	590	9	to	to	ADP
cblr-10941	590	10	market	market	NOUN
cblr-10941	590	11	are	be	AUX
cblr-10941	590	12	low,170	low,170	PRON
cblr-10941	590	13	and	and	CCONJ
cblr-10941	590	14	the	the	DET
cblr-10941	590	15	process	process	NOUN
cblr-10941	590	16	can	can	AUX
cblr-10941	590	17	take	take	VERB
cblr-10941	590	18	nine	nine	NUM
cblr-10941	590	19	to	to	PART
cblr-10941	590	20	thirteen	thirteen	NUM
cblr-10941	590	21	166	166	NUM
cblr-10941	590	22	in	in	ADP
cblr-10941	590	23	most	most	ADJ
cblr-10941	590	24	states	state	NOUN
cblr-10941	590	25	,	,	PUNCT
cblr-10941	590	26	joint	joint	ADJ
cblr-10941	590	27	ventures	venture	NOUN
cblr-10941	590	28	are	be	AUX
cblr-10941	590	29	functionally	functionally	ADV
cblr-10941	590	30	equivalent	equivalent	ADJ
cblr-10941	590	31	to	to	ADP
cblr-10941	590	32	partnerships	partnership	NOUN
cblr-10941	590	33	.	.	PUNCT
cblr-10941	591	1	see	see	VERB
cblr-10941	591	2	sarath	sarath	PROPN
cblr-10941	591	3	sanga	sanga	PROPN
cblr-10941	591	4	,	,	PUNCT
cblr-10941	591	5	a	a	DET
cblr-10941	591	6	theory	theory	NOUN
cblr-10941	591	7	of	of	ADP
cblr-10941	591	8	corporate	corporate	ADJ
cblr-10941	591	9	joint	joint	ADJ
cblr-10941	591	10	ventures	venture	NOUN
cblr-10941	591	11	,	,	PUNCT
cblr-10941	591	12	106	106	NUM
cblr-10941	591	13	cal	cal	NOUN
cblr-10941	591	14	.	.	PUNCT
cblr-10941	592	1	l.	l.	PROPN
cblr-10941	592	2	rev	rev	PROPN
cblr-10941	592	3	.	.	PROPN
cblr-10941	592	4	1437	1437	NUM
cblr-10941	592	5	,	,	PUNCT
cblr-10941	592	6	1448–51	1448–51	NUM
cblr-10941	592	7	(	(	PUNCT
cblr-10941	592	8	2018	2018	NUM
cblr-10941	592	9	)	)	PUNCT
cblr-10941	592	10	.	.	PUNCT
cblr-10941	593	1	167	167	NUM
cblr-10941	593	2	see	see	VERB
cblr-10941	593	3	ronald	ronald	PROPN
cblr-10941	593	4	j.	j.	PROPN
cblr-10941	593	5	gilson	gilson	PROPN
cblr-10941	593	6	,	,	PUNCT
cblr-10941	593	7	locating	locate	VERB
cblr-10941	593	8	innovation	innovation	NOUN
cblr-10941	593	9	:	:	PUNCT
cblr-10941	593	10	the	the	DET
cblr-10941	593	11	endogeneity	endogeneity	NOUN
cblr-10941	593	12	of	of	ADP
cblr-10941	593	13	technology	technology	NOUN
cblr-10941	593	14	,	,	PUNCT
cblr-10941	593	15	organizational	organizational	ADJ
cblr-10941	593	16	structure	structure	NOUN
cblr-10941	593	17	,	,	PUNCT
cblr-10941	593	18	and	and	CCONJ
cblr-10941	593	19	financial	financial	ADJ
cblr-10941	593	20	contracting	contracting	NOUN
cblr-10941	593	21	,	,	PUNCT
cblr-10941	593	22	110	110	NUM
cblr-10941	593	23	colum	colum	NOUN
cblr-10941	593	24	.	.	PUNCT
cblr-10941	594	1	l.	l.	PROPN
cblr-10941	594	2	rev	rev	PROPN
cblr-10941	594	3	.	.	PROPN
cblr-10941	594	4	885	885	NUM
cblr-10941	594	5	,	,	PUNCT
cblr-10941	594	6	910–14	910–14	NUM
cblr-10941	594	7	(	(	PUNCT
cblr-10941	594	8	2010	2010	NUM
cblr-10941	594	9	)	)	PUNCT
cblr-10941	594	10	(	(	PUNCT
cblr-10941	594	11	analyzing	analyze	VERB
cblr-10941	594	12	the	the	DET
cblr-10941	594	13	drug	drug	NOUN
cblr-10941	594	14	development	development	NOUN
cblr-10941	594	15	jv	jv	NOUN
cblr-10941	594	16	)	)	PUNCT
cblr-10941	594	17	.	.	PUNCT
cblr-10941	595	1	168	168	NUM
cblr-10941	595	2	see	see	VERB
cblr-10941	595	3	i	i	PRON
cblr-10941	595	4	d.	d.	PROPN
cblr-10941	595	5	at	at	ADP
cblr-10941	595	6	911–12	911–12	PROPN
cblr-10941	595	7	.	.	PROPN
cblr-10941	596	1	169	169	NUM
cblr-10941	596	2	see	see	VERB
cblr-10941	596	3	i	i	PRON
cblr-10941	596	4	d.	d.	PROPN
cblr-10941	596	5	170	170	NUM
cblr-10941	596	6	see	see	VERB
cblr-10941	596	7	i	i	PRON
cblr-10941	596	8	d.	d.	PROPN
cblr-10941	596	9	at	at	ADP
cblr-10941	596	10	910–11	910–11	PROPN
cblr-10941	596	11	(	(	PUNCT
cblr-10941	596	12	“	"	PUNCT
cblr-10941	596	13	out	out	ADP
cblr-10941	596	14	of	of	ADP
cblr-10941	596	15	5,000	5,000	NUM
cblr-10941	596	16	to	to	PART
cblr-10941	596	17	10,000	10,000	NUM
cblr-10941	596	18	compounds	compound	NOUN
cblr-10941	596	19	that	that	PRON
cblr-10941	596	20	are	be	AUX
cblr-10941	596	21	initially	initially	ADV
cblr-10941	596	22	screened	screen	VERB
cblr-10941	596	23	,	,	PUNCT
cblr-10941	596	24	it	it	PRON
cblr-10941	596	25	is	be	AUX
cblr-10941	596	26	estimated	estimate	VERB
cblr-10941	596	27	that	that	SCONJ
cblr-10941	596	28	only	only	ADV
cblr-10941	596	29	250	250	NUM
cblr-10941	596	30	survive	survive	VERB
cblr-10941	596	31	preclinical	preclinical	ADJ
cblr-10941	596	32	testing	testing	NOUN
cblr-10941	596	33	,	,	PUNCT
cblr-10941	596	34	and	and	CCONJ
cblr-10941	596	35	the	the	DET
cblr-10941	596	36	fda	fda	PROPN
cblr-10941	596	37	ultimately	ultimately	ADV
cblr-10941	596	38	approves	approve	VERB
cblr-10941	596	39	only	only	ADV
cblr-10941	596	40	about	about	ADV
cblr-10941	596	41	20	20	NUM
cblr-10941	596	42	%	%	NOUN
cblr-10941	596	43	of	of	ADP
cblr-10941	596	44	drugs	drug	NOUN
cblr-10941	596	45	that	that	PRON
cblr-10941	596	46	begin	begin	VERB
cblr-10941	596	47	human	human	ADJ
cblr-10941	596	48	testing	testing	NOUN
cblr-10941	596	49	.	.	PUNCT
cblr-10941	596	50	”	"	PUNCT
cblr-10941	596	51	)	)	PUNCT
cblr-10941	596	52	.	.	PUNCT
cblr-10941	597	1	896	896	NUM
cblr-10941	597	2	columbia	columbia	PROPN
cblr-10941	597	3	business	business	PROPN
cblr-10941	597	4	law	law	PROPN
cblr-10941	597	5	review	review	NOUN
cblr-10941	597	6	[	[	X
cblr-10941	597	7	vol	vol	NOUN
cblr-10941	597	8	.	.	PUNCT
cblr-10941	597	9	2022	2022	NUM
cblr-10941	597	10	years.171	years.171	NOUN
cblr-10941	598	1	but	but	CCONJ
cblr-10941	598	2	the	the	DET
cblr-10941	598	3	path	path	NOUN
cblr-10941	598	4	is	be	AUX
cblr-10941	598	5	clear.172	clear.172	NOUN
cblr-10941	598	6	managers	manager	NOUN
cblr-10941	598	7	at	at	ADP
cblr-10941	598	8	pharmaceutical	pharmaceutical	ADJ
cblr-10941	598	9	companies	company	NOUN
cblr-10941	598	10	understand	understand	VERB
cblr-10941	598	11	what	what	PRON
cblr-10941	598	12	data	datum	NOUN
cblr-10941	598	13	they	they	PRON
cblr-10941	598	14	need	need	VERB
cblr-10941	598	15	to	to	PART
cblr-10941	598	16	produce	produce	VERB
cblr-10941	598	17	in	in	ADP
cblr-10941	598	18	clinical	clinical	ADJ
cblr-10941	598	19	trials	trial	NOUN
cblr-10941	598	20	to	to	PART
cblr-10941	598	21	get	get	VERB
cblr-10941	598	22	a	a	DET
cblr-10941	598	23	new	new	ADJ
cblr-10941	598	24	drug	drug	NOUN
cblr-10941	598	25	approved	approve	VERB
cblr-10941	598	26	.	.	PUNCT
cblr-10941	599	1	they	they	PRON
cblr-10941	599	2	also	also	ADV
cblr-10941	599	3	know	know	VERB
cblr-10941	599	4	in	in	ADP
cblr-10941	599	5	advance	advance	NOUN
cblr-10941	599	6	what	what	PRON
cblr-10941	599	7	the	the	DET
cblr-10941	599	8	market	market	NOUN
cblr-10941	599	9	for	for	ADP
cblr-10941	599	10	a	a	DET
cblr-10941	599	11	new	new	ADJ
cblr-10941	599	12	drug	drug	NOUN
cblr-10941	599	13	will	will	AUX
cblr-10941	599	14	be	be	AUX
cblr-10941	599	15	:	:	PUNCT
cblr-10941	599	16	the	the	DET
cblr-10941	599	17	population	population	NOUN
cblr-10941	599	18	of	of	ADP
cblr-10941	599	19	patients	patient	NOUN
cblr-10941	599	20	with	with	ADP
cblr-10941	599	21	the	the	DET
cblr-10941	599	22	condition	condition	NOUN
cblr-10941	599	23	that	that	SCONJ
cblr-10941	599	24	the	the	DET
cblr-10941	599	25	drug	drug	NOUN
cblr-10941	599	26	is	be	AUX
cblr-10941	599	27	intended	intend	VERB
cblr-10941	599	28	to	to	PART
cblr-10941	599	29	treat.173	treat.173	VERB
cblr-10941	599	30	pharmaceutical	pharmaceutical	NOUN
cblr-10941	599	31	companies	company	NOUN
cblr-10941	599	32	employ	employ	VERB
cblr-10941	599	33	drug	drug	NOUN
cblr-10941	599	34	scientists	scientist	NOUN
cblr-10941	599	35	who	who	PRON
cblr-10941	599	36	can	can	AUX
cblr-10941	599	37	vet	vet	VERB
cblr-10941	599	38	biotech	biotech	ADJ
cblr-10941	599	39	startups	startup	NOUN
cblr-10941	599	40	and	and	CCONJ
cblr-10941	599	41	assess	assess	VERB
cblr-10941	599	42	the	the	DET
cblr-10941	599	43	progress	progress	NOUN
cblr-10941	599	44	of	of	ADP
cblr-10941	599	45	jvs	jvs	PROPN
cblr-10941	599	46	.	.	PUNCT
cblr-10941	600	1	the	the	DET
cblr-10941	600	2	combination	combination	NOUN
cblr-10941	600	3	of	of	ADP
cblr-10941	600	4	a	a	DET
cblr-10941	600	5	predictable	predictable	ADJ
cblr-10941	600	6	market	market	NOUN
cblr-10941	600	7	,	,	PUNCT
cblr-10941	600	8	established	establish	VERB
cblr-10941	600	9	metrics	metric	NOUN
cblr-10941	600	10	for	for	ADP
cblr-10941	600	11	assessing	assess	VERB
cblr-10941	600	12	progress	progress	NOUN
cblr-10941	600	13	,	,	PUNCT
cblr-10941	600	14	and	and	CCONJ
cblr-10941	600	15	in	in	ADP
cblr-10941	600	16	-	-	PUNCT
cblr-10941	600	17	house	house	NOUN
cblr-10941	600	18	technical	technical	ADJ
cblr-10941	600	19	expertise	expertise	NOUN
cblr-10941	600	20	solves	solve	VERB
cblr-10941	600	21	the	the	DET
cblr-10941	600	22	monitoring	monitoring	NOUN
cblr-10941	600	23	problem.174	problem.174	CCONJ
cblr-10941	600	24	more	more	ADV
cblr-10941	600	25	unfamiliar	unfamiliar	ADJ
cblr-10941	600	26	innovations	innovation	NOUN
cblr-10941	600	27	ca	can	AUX
cblr-10941	600	28	n’t	not	PART
cblr-10941	600	29	be	be	AUX
cblr-10941	600	30	managed	manage	VERB
cblr-10941	600	31	so	so	ADV
cblr-10941	600	32	easily	easily	ADV
cblr-10941	600	33	.	.	PUNCT
cblr-10941	601	1	a	a	DET
cblr-10941	601	2	spinoff	spinoff	NOUN
cblr-10941	601	3	is	be	AUX
cblr-10941	601	4	at	at	ADP
cblr-10941	601	5	the	the	DET
cblr-10941	601	6	opposite	opposite	ADJ
cblr-10941	601	7	end	end	NOUN
cblr-10941	601	8	of	of	ADP
cblr-10941	601	9	the	the	DET
cblr-10941	601	10	control	control	NOUN
cblr-10941	601	11	spectrum	spectrum	NOUN
cblr-10941	601	12	from	from	ADP
cblr-10941	601	13	a	a	DET
cblr-10941	601	14	wholly	wholly	ADV
cblr-10941	601	15	-	-	PUNCT
cblr-10941	601	16	owned	own	VERB
cblr-10941	601	17	subsidiary	subsidiary	NOUN
cblr-10941	601	18	.	.	PUNCT
cblr-10941	602	1	in	in	ADP
cblr-10941	602	2	a	a	DET
cblr-10941	602	3	spinoff	spinoff	NOUN
cblr-10941	602	4	,	,	PUNCT
cblr-10941	602	5	the	the	DET
cblr-10941	602	6	parent	parent	NOUN
cblr-10941	602	7	company	company	NOUN
cblr-10941	602	8	sells	sell	VERB
cblr-10941	602	9	all	all	PRON
cblr-10941	602	10	of	of	ADP
cblr-10941	602	11	the	the	DET
cblr-10941	602	12	shares	share	NOUN
cblr-10941	602	13	of	of	ADP
cblr-10941	602	14	the	the	DET
cblr-10941	602	15	innovation	innovation	NOUN
cblr-10941	602	16	subsidiary	subsidiary	NOUN
cblr-10941	602	17	to	to	ADP
cblr-10941	602	18	public	public	ADJ
cblr-10941	602	19	investors	investor	NOUN
cblr-10941	602	20	.	.	PUNCT
cblr-10941	603	1	the	the	DET
cblr-10941	603	2	spinoff	spinoff	NOUN
cblr-10941	603	3	can	can	AUX
cblr-10941	603	4	now	now	ADV
cblr-10941	603	5	easily	easily	ADV
cblr-10941	603	6	solve	solve	VERB
cblr-10941	603	7	the	the	DET
cblr-10941	603	8	motivation	motivation	NOUN
cblr-10941	603	9	problem	problem	NOUN
cblr-10941	603	10	.	.	PUNCT
cblr-10941	604	1	the	the	DET
cblr-10941	604	2	spinoff	spinoff	NOUN
cblr-10941	604	3	’s	’s	PART
cblr-10941	604	4	managers	manager	NOUN
cblr-10941	604	5	and	and	CCONJ
cblr-10941	604	6	employees	employee	NOUN
cblr-10941	604	7	now	now	ADV
cblr-10941	604	8	own	own	VERB
cblr-10941	604	9	the	the	DET
cblr-10941	604	10	spinoff	spinoff	NOUN
cblr-10941	604	11	’s	’s	PART
cblr-10941	604	12	public	public	ADJ
cblr-10941	604	13	stock	stock	NOUN
cblr-10941	604	14	and	and	CCONJ
cblr-10941	604	15	can	can	AUX
cblr-10941	604	16	direct	direct	VERB
cblr-10941	604	17	their	their	PRON
cblr-10941	604	18	efforts	effort	NOUN
cblr-10941	604	19	exclusively	exclusively	ADV
cblr-10941	604	20	to	to	ADP
cblr-10941	604	21	growing	grow	VERB
cblr-10941	604	22	the	the	DET
cblr-10941	604	23	newly	newly	ADV
cblr-10941	604	24	public	public	ADJ
cblr-10941	604	25	company	company	NOUN
cblr-10941	604	26	.	.	PUNCT
cblr-10941	605	1	but	but	CCONJ
cblr-10941	605	2	a	a	DET
cblr-10941	605	3	newly	newly	ADV
cblr-10941	605	4	spun	spin	VERB
cblr-10941	605	5	off	off	ADP
cblr-10941	605	6	company	company	NOUN
cblr-10941	605	7	must	must	AUX
cblr-10941	605	8	deal	deal	VERB
cblr-10941	605	9	with	with	ADP
cblr-10941	605	10	a	a	DET
cblr-10941	605	11	monitoring	monitoring	NOUN
cblr-10941	605	12	problem	problem	NOUN
cblr-10941	605	13	.	.	PUNCT
cblr-10941	606	1	it	it	PRON
cblr-10941	606	2	is	be	AUX
cblr-10941	606	3	now	now	ADV
cblr-10941	606	4	accountable	accountable	ADJ
cblr-10941	606	5	to	to	ADP
cblr-10941	606	6	public	public	ADJ
cblr-10941	606	7	investors	investor	NOUN
cblr-10941	606	8	and	and	CCONJ
cblr-10941	606	9	must	must	AUX
cblr-10941	606	10	disclose	disclose	VERB
cblr-10941	606	11	its	its	PRON
cblr-10941	606	12	quarterly	quarterly	ADJ
cblr-10941	606	13	earnings	earning	NOUN
cblr-10941	606	14	.	.	PUNCT
cblr-10941	607	1	therefore	therefore	ADV
cblr-10941	607	2	,	,	PUNCT
cblr-10941	607	3	a	a	DET
cblr-10941	607	4	company	company	NOUN
cblr-10941	607	5	is	be	AUX
cblr-10941	607	6	more	more	ADV
cblr-10941	607	7	likely	likely	ADJ
cblr-10941	607	8	to	to	PART
cblr-10941	607	9	spin	spin	VERB
cblr-10941	607	10	off	off	ADP
cblr-10941	607	11	an	an	DET
cblr-10941	607	12	innovation	innovation	NOUN
cblr-10941	607	13	subsidiary	subsidiary	NOUN
cblr-10941	607	14	at	at	ADP
cblr-10941	607	15	the	the	DET
cblr-10941	607	16	end	end	NOUN
cblr-10941	607	17	of	of	ADP
cblr-10941	607	18	the	the	DET
cblr-10941	607	19	commercialization	commercialization	NOUN
cblr-10941	607	20	process	process	NOUN
cblr-10941	607	21	,	,	PUNCT
cblr-10941	607	22	when	when	SCONJ
cblr-10941	607	23	it	it	PRON
cblr-10941	607	24	can	can	AUX
cblr-10941	607	25	provide	provide	VERB
cblr-10941	607	26	investors	investor	NOUN
cblr-10941	607	27	with	with	ADP
cblr-10941	607	28	information	information	NOUN
cblr-10941	607	29	that	that	SCONJ
cblr-10941	607	30	171	171	NUM
cblr-10941	607	31	see	see	VERB
cblr-10941	607	32	i	i	PRON
cblr-10941	607	33	d.	d.	PROPN
cblr-10941	607	34	at	at	ADP
cblr-10941	607	35	910	910	NUM
cblr-10941	607	36	.	.	PUNCT
cblr-10941	608	1	172	172	NUM
cblr-10941	608	2	see	see	VERB
cblr-10941	608	3	lerner	lerner	PROPN
cblr-10941	608	4	&	&	CCONJ
cblr-10941	608	5	nanda	nanda	PROPN
cblr-10941	608	6	,	,	PUNCT
cblr-10941	608	7	supra	supra	PROPN
cblr-10941	608	8	note	note	NOUN
cblr-10941	608	9	28	28	NUM
cblr-10941	608	10	,	,	PUNCT
cblr-10941	608	11	at	at	ADP
cblr-10941	608	12	246	246	NUM
cblr-10941	608	13	(	(	PUNCT
cblr-10941	608	14	explaining	explain	VERB
cblr-10941	608	15	that	that	SCONJ
cblr-10941	608	16	vc	vc	PROPN
cblr-10941	608	17	interest	interest	NOUN
cblr-10941	608	18	in	in	ADP
cblr-10941	608	19	biotech	biotech	ADJ
cblr-10941	608	20	startups	startup	NOUN
cblr-10941	608	21	“	"	PUNCT
cblr-10941	608	22	is	be	AUX
cblr-10941	608	23	tied	tie	VERB
cblr-10941	608	24	to	to	ADP
cblr-10941	608	25	the	the	DET
cblr-10941	608	26	drug	drug	NOUN
cblr-10941	608	27	approval	approval	NOUN
cblr-10941	608	28	and	and	CCONJ
cblr-10941	608	29	reimbursement	reimbursement	NOUN
cblr-10941	608	30	system	system	NOUN
cblr-10941	608	31	that	that	PRON
cblr-10941	608	32	enables	enable	VERB
cblr-10941	608	33	investors	investor	NOUN
cblr-10941	608	34	to	to	PART
cblr-10941	608	35	accurately	accurately	ADV
cblr-10941	608	36	project	project	VERB
cblr-10941	608	37	the	the	DET
cblr-10941	608	38	market	market	NOUN
cblr-10941	608	39	value	value	NOUN
cblr-10941	608	40	of	of	ADP
cblr-10941	608	41	a	a	DET
cblr-10941	608	42	new	new	ADJ
cblr-10941	608	43	drug	drug	NOUN
cblr-10941	608	44	if	if	SCONJ
cblr-10941	608	45	it	it	PRON
cblr-10941	608	46	is	be	AUX
cblr-10941	608	47	successful	successful	ADJ
cblr-10941	608	48	in	in	ADP
cblr-10941	608	49	passing	pass	VERB
cblr-10941	608	50	through	through	ADP
cblr-10941	608	51	clinical	clinical	ADJ
cblr-10941	608	52	trials	trial	NOUN
cblr-10941	608	53	.	.	PUNCT
cblr-10941	608	54	”	"	PUNCT
cblr-10941	608	55	)	)	PUNCT
cblr-10941	608	56	(	(	PUNCT
cblr-10941	608	57	internal	internal	ADJ
cblr-10941	608	58	citation	citation	NOUN
cblr-10941	608	59	omitted	omit	VERB
cblr-10941	608	60	)	)	PUNCT
cblr-10941	608	61	.	.	PUNCT
cblr-10941	609	1	173	173	NUM
cblr-10941	609	2	see	see	VERB
cblr-10941	609	3	william	william	PROPN
cblr-10941	609	4	h.	h.	PROPN
cblr-10941	609	5	janeway	janeway	PROPN
cblr-10941	609	6	,	,	PUNCT
cblr-10941	609	7	doing	do	VERB
cblr-10941	609	8	capitalism	capitalism	NOUN
cblr-10941	609	9	in	in	ADP
cblr-10941	609	10	the	the	DET
cblr-10941	609	11	innovation	innovation	NOUN
cblr-10941	609	12	economy	economy	NOUN
cblr-10941	609	13	57	57	NUM
cblr-10941	609	14	(	(	PUNCT
cblr-10941	609	15	2d	2d	NUM
cblr-10941	609	16	ed	ed	NOUN
cblr-10941	609	17	.	.	PROPN
cblr-10941	609	18	2018	2018	NUM
cblr-10941	609	19	)	)	PUNCT
cblr-10941	609	20	(	(	PUNCT
cblr-10941	609	21	“	"	PUNCT
cblr-10941	609	22	with	with	ADP
cblr-10941	609	23	well	well	ADV
cblr-10941	609	24	-	-	PUNCT
cblr-10941	609	25	defined	define	VERB
cblr-10941	609	26	target	target	NOUN
cblr-10941	609	27	patient	patient	NOUN
cblr-10941	609	28	populations	population	NOUN
cblr-10941	609	29	and	and	CCONJ
cblr-10941	609	30	third	third	ADJ
cblr-10941	609	31	-	-	PUNCT
cblr-10941	609	32	party	party	NOUN
cblr-10941	609	33	funding	funding	NOUN
cblr-10941	609	34	of	of	ADP
cblr-10941	609	35	demand	demand	NOUN
cblr-10941	609	36	—	—	PUNCT
cblr-10941	609	37	conditioned	condition	VERB
cblr-10941	609	38	‘	'	PUNCT
cblr-10941	609	39	only	only	ADV
cblr-10941	609	40	’	'	PUNCT
cblr-10941	609	41	on	on	ADP
cblr-10941	609	42	successfully	successfully	ADV
cblr-10941	609	43	gaining	gain	VERB
cblr-10941	609	44	fda	fda	PROPN
cblr-10941	609	45	approval	approval	NOUN
cblr-10941	609	46	—	—	PUNCT
cblr-10941	609	47	the	the	DET
cblr-10941	609	48	prospective	prospective	ADJ
cblr-10941	609	49	revenues	revenue	NOUN
cblr-10941	609	50	of	of	ADP
cblr-10941	609	51	a	a	DET
cblr-10941	609	52	biotech	biotech	ADJ
cblr-10941	609	53	start	start	NOUN
cblr-10941	609	54	-	-	PUNCT
cblr-10941	609	55	up	up	NOUN
cblr-10941	609	56	can	can	AUX
cblr-10941	609	57	actually	actually	ADV
cblr-10941	609	58	be	be	AUX
cblr-10941	609	59	modeled	model	VERB
cblr-10941	609	60	at	at	ADP
cblr-10941	609	61	launch	launch	NOUN
cblr-10941	609	62	,	,	PUNCT
cblr-10941	609	63	unlike	unlike	ADP
cblr-10941	609	64	any	any	DET
cblr-10941	609	65	venture	venture	NOUN
cblr-10941	609	66	in	in	ADP
cblr-10941	609	67	any	any	DET
cblr-10941	609	68	other	other	ADJ
cblr-10941	609	69	field	field	NOUN
cblr-10941	609	70	.	.	PUNCT
cblr-10941	609	71	”	"	PUNCT
cblr-10941	609	72	)	)	PUNCT
cblr-10941	609	73	.	.	PUNCT
cblr-10941	610	1	174	174	NUM
cblr-10941	610	2	see	see	VERB
cblr-10941	610	3	william	william	PROPN
cblr-10941	610	4	r.	r.	PROPN
cblr-10941	610	5	kerr	kerr	PROPN
cblr-10941	610	6	,	,	PUNCT
cblr-10941	610	7	ramana	ramana	PROPN
cblr-10941	610	8	nanda	nanda	PROPN
cblr-10941	610	9	&	&	CCONJ
cblr-10941	610	10	matthew	matthew	PROPN
cblr-10941	610	11	rhodes	rhodes	PROPN
cblr-10941	610	12	-	-	PUNCT
cblr-10941	610	13	kropf	kropf	NOUN
cblr-10941	610	14	,	,	PUNCT
cblr-10941	610	15	entrepreneurship	entrepreneurship	NOUN
cblr-10941	610	16	as	as	ADP
cblr-10941	610	17	experimentation	experimentation	NOUN
cblr-10941	610	18	,	,	PUNCT
cblr-10941	610	19	28	28	NUM
cblr-10941	610	20	j.	j.	PROPN
cblr-10941	610	21	econ	econ	PROPN
cblr-10941	610	22	.	.	PUNCT
cblr-10941	611	1	persp	persp	PROPN
cblr-10941	611	2	.	.	PUNCT
cblr-10941	612	1	25	25	NUM
cblr-10941	612	2	,	,	PUNCT
cblr-10941	612	3	39	39	NUM
cblr-10941	612	4	(	(	PUNCT
cblr-10941	612	5	2014	2014	NUM
cblr-10941	612	6	)	)	PUNCT
cblr-10941	612	7	(	(	PUNCT
cblr-10941	612	8	“	"	PUNCT
cblr-10941	612	9	[	[	X
cblr-10941	612	10	a	a	X
cblr-10941	612	11	]	]	X
cblr-10941	612	12	biotech	biotech	ADJ
cblr-10941	612	13	company	company	NOUN
cblr-10941	612	14	can	can	AUX
cblr-10941	612	15	undertake	undertake	VERB
cblr-10941	612	16	a	a	DET
cblr-10941	612	17	first	first	ADJ
cblr-10941	612	18	experiment	experiment	NOUN
cblr-10941	612	19	to	to	PART
cblr-10941	612	20	show	show	VERB
cblr-10941	612	21	that	that	SCONJ
cblr-10941	612	22	a	a	DET
cblr-10941	612	23	project	project	NOUN
cblr-10941	612	24	that	that	PRON
cblr-10941	612	25	originally	originally	ADV
cblr-10941	612	26	seemed	seem	VERB
cblr-10941	612	27	to	to	PART
cblr-10941	612	28	have	have	AUX
cblr-10941	612	29	had	have	VERB
cblr-10941	612	30	a	a	DET
cblr-10941	612	31	0.1	0.1	NUM
cblr-10941	612	32	percent	percent	NOUN
cblr-10941	612	33	chance	chance	NOUN
cblr-10941	612	34	of	of	ADP
cblr-10941	612	35	becoming	become	VERB
cblr-10941	612	36	a	a	DET
cblr-10941	612	37	blockbuster	blockbuster	ADJ
cblr-10941	612	38	drug	drug	NOUN
cblr-10941	612	39	has	have	AUX
cblr-10941	612	40	in	in	ADP
cblr-10941	612	41	fact	fact	NOUN
cblr-10941	612	42	a	a	DET
cblr-10941	612	43	5	5	NUM
cblr-10941	612	44	percent	percent	NOUN
cblr-10941	612	45	chance	chance	NOUN
cblr-10941	612	46	.	.	PUNCT
cblr-10941	612	47	.	.	PUNCT
cblr-10941	612	48	.	.	PUNCT
cblr-10941	612	49	.	.	PUNCT
cblr-10941	613	1	[	[	X
cblr-10941	613	2	p]harmaceutical	p]harmaceutical	ADJ
cblr-10941	613	3	companies	company	NOUN
cblr-10941	613	4	are	be	AUX
cblr-10941	613	5	willing	willing	ADJ
cblr-10941	613	6	to	to	PART
cblr-10941	613	7	buy	buy	VERB
cblr-10941	613	8	the	the	DET
cblr-10941	613	9	remaining	remain	VERB
cblr-10941	613	10	1	1	NUM
cblr-10941	613	11	-	-	PUNCT
cblr-10941	613	12	in-20	in-20	NOUN
cblr-10941	613	13	opportunity	opportunity	NOUN
cblr-10941	613	14	for	for	ADP
cblr-10941	613	15	their	their	PRON
cblr-10941	613	16	drug	drug	NOUN
cblr-10941	613	17	development	development	NOUN
cblr-10941	613	18	portfolios	portfolio	NOUN
cblr-10941	613	19	.	.	PUNCT
cblr-10941	613	20	”	"	PUNCT
cblr-10941	613	21	)	)	PUNCT
cblr-10941	613	22	.	.	PUNCT
cblr-10941	614	1	no	no	INTJ
cblr-10941	614	2	.	.	PUNCT
cblr-10941	615	1	2:859	2:859	NUM
cblr-10941	615	2	]	]	PUNCT
cblr-10941	615	3	moonshots	moonshot	NOUN
cblr-10941	615	4	897	897	NUM
cblr-10941	615	5	indicates	indicate	VERB
cblr-10941	615	6	a	a	DET
cblr-10941	615	7	path	path	NOUN
cblr-10941	615	8	to	to	ADP
cblr-10941	615	9	profitability	profitability	NOUN
cblr-10941	615	10	and	and	CCONJ
cblr-10941	615	11	receive	receive	VERB
cblr-10941	615	12	a	a	DET
cblr-10941	615	13	good	good	ADJ
cblr-10941	615	14	price	price	NOUN
cblr-10941	615	15	for	for	ADP
cblr-10941	615	16	the	the	DET
cblr-10941	615	17	spinoff	spinoff	NOUN
cblr-10941	615	18	’s	’s	PART
cblr-10941	615	19	stock	stock	NOUN
cblr-10941	615	20	.	.	PUNCT
cblr-10941	616	1	after	after	ADP
cblr-10941	616	2	a	a	DET
cblr-10941	616	3	spinoff	spinoff	NOUN
cblr-10941	616	4	,	,	PUNCT
cblr-10941	616	5	the	the	DET
cblr-10941	616	6	former	former	ADJ
cblr-10941	616	7	parent	parent	NOUN
cblr-10941	616	8	must	must	AUX
cblr-10941	616	9	deal	deal	VERB
cblr-10941	616	10	with	with	ADP
cblr-10941	616	11	the	the	DET
cblr-10941	616	12	company	company	NOUN
cblr-10941	616	13	it	it	PRON
cblr-10941	616	14	spun	spin	VERB
cblr-10941	616	15	off	off	ADP
cblr-10941	616	16	through	through	ADP
cblr-10941	616	17	contract.175	contract.175	PROPN
cblr-10941	616	18	if	if	SCONJ
cblr-10941	616	19	the	the	DET
cblr-10941	616	20	parent	parent	NOUN
cblr-10941	616	21	jointly	jointly	ADV
cblr-10941	616	22	develops	develop	VERB
cblr-10941	616	23	technology	technology	NOUN
cblr-10941	616	24	with	with	ADP
cblr-10941	616	25	the	the	DET
cblr-10941	616	26	spinoff	spinoff	NOUN
cblr-10941	616	27	,	,	PUNCT
cblr-10941	616	28	it	it	PRON
cblr-10941	616	29	risks	risk	VERB
cblr-10941	616	30	opportunism	opportunism	NOUN
cblr-10941	616	31	.	.	PUNCT
cblr-10941	617	1	an	an	DET
cblr-10941	617	2	equity	equity	NOUN
cblr-10941	617	3	carveout	carveout	NOUN
cblr-10941	617	4	is	be	AUX
cblr-10941	617	5	a	a	DET
cblr-10941	617	6	partial	partial	ADJ
cblr-10941	617	7	spinoff	spinoff	NOUN
cblr-10941	617	8	of	of	ADP
cblr-10941	617	9	a	a	DET
cblr-10941	617	10	subsidiary	subsidiary	NOUN
cblr-10941	617	11	.	.	PUNCT
cblr-10941	618	1	the	the	DET
cblr-10941	618	2	parent	parent	NOUN
cblr-10941	618	3	carves	carve	VERB
cblr-10941	618	4	out	out	ADP
cblr-10941	618	5	part	part	NOUN
cblr-10941	618	6	of	of	ADP
cblr-10941	618	7	the	the	DET
cblr-10941	618	8	subsidiary	subsidiary	NOUN
cblr-10941	618	9	’s	’s	PART
cblr-10941	618	10	equity	equity	NOUN
cblr-10941	618	11	for	for	ADP
cblr-10941	618	12	public	public	ADJ
cblr-10941	618	13	investors	investor	NOUN
cblr-10941	618	14	,	,	PUNCT
cblr-10941	618	15	carves	carve	VERB
cblr-10941	618	16	out	out	ADP
cblr-10941	618	17	another	another	DET
cblr-10941	618	18	part	part	NOUN
cblr-10941	618	19	for	for	ADP
cblr-10941	618	20	employees	employee	NOUN
cblr-10941	618	21	,	,	PUNCT
cblr-10941	618	22	and	and	CCONJ
cblr-10941	618	23	keeps	keep	VERB
cblr-10941	618	24	the	the	DET
cblr-10941	618	25	remaining	remain	VERB
cblr-10941	618	26	part	part	NOUN
cblr-10941	618	27	for	for	ADP
cblr-10941	618	28	itself	itself	PRON
cblr-10941	618	29	.	.	PUNCT
cblr-10941	619	1	the	the	DET
cblr-10941	619	2	public	public	ADJ
cblr-10941	619	3	investors	investor	NOUN
cblr-10941	619	4	contribute	contribute	VERB
cblr-10941	619	5	capital	capital	NOUN
cblr-10941	619	6	.	.	PUNCT
cblr-10941	620	1	the	the	DET
cblr-10941	620	2	employees	employee	NOUN
cblr-10941	620	3	contribute	contribute	VERB
cblr-10941	620	4	labor	labor	NOUN
cblr-10941	620	5	.	.	PUNCT
cblr-10941	621	1	the	the	DET
cblr-10941	621	2	parent	parent	NOUN
cblr-10941	621	3	company	company	NOUN
cblr-10941	621	4	contributes	contribute	VERB
cblr-10941	621	5	intellectual	intellectual	ADJ
cblr-10941	621	6	property	property	NOUN
cblr-10941	621	7	,	,	PUNCT
cblr-10941	621	8	equipment	equipment	NOUN
cblr-10941	621	9	,	,	PUNCT
cblr-10941	621	10	and	and	CCONJ
cblr-10941	621	11	facilities	facility	NOUN
cblr-10941	621	12	.	.	PUNCT
cblr-10941	622	1	the	the	DET
cblr-10941	622	2	equity	equity	NOUN
cblr-10941	622	3	carveout	carveout	NOUN
cblr-10941	622	4	solves	solve	VERB
cblr-10941	622	5	the	the	DET
cblr-10941	622	6	motivation	motivation	NOUN
cblr-10941	622	7	problem	problem	NOUN
cblr-10941	622	8	by	by	ADP
cblr-10941	622	9	giving	give	VERB
cblr-10941	622	10	its	its	PRON
cblr-10941	622	11	employees	employee	NOUN
cblr-10941	622	12	strong	strong	ADJ
cblr-10941	622	13	incentives	incentive	NOUN
cblr-10941	622	14	.	.	PUNCT
cblr-10941	623	1	the	the	DET
cblr-10941	623	2	employees	employee	NOUN
cblr-10941	623	3	get	get	VERB
cblr-10941	623	4	shares	share	NOUN
cblr-10941	623	5	in	in	ADP
cblr-10941	623	6	the	the	DET
cblr-10941	623	7	carveout	carveout	NOUN
cblr-10941	623	8	,	,	PUNCT
cblr-10941	623	9	not	not	PART
cblr-10941	623	10	the	the	DET
cblr-10941	623	11	parent	parent	NOUN
cblr-10941	623	12	.	.	PUNCT
cblr-10941	624	1	the	the	DET
cblr-10941	624	2	employees	employee	NOUN
cblr-10941	624	3	do	do	AUX
cblr-10941	624	4	n’t	not	PART
cblr-10941	624	5	have	have	VERB
cblr-10941	624	6	to	to	PART
cblr-10941	624	7	worry	worry	VERB
cblr-10941	624	8	about	about	ADP
cblr-10941	624	9	the	the	DET
cblr-10941	624	10	company	company	NOUN
cblr-10941	624	11	undervaluing	undervalue	VERB
cblr-10941	624	12	their	their	PRON
cblr-10941	624	13	shares	share	NOUN
cblr-10941	624	14	,	,	PUNCT
cblr-10941	624	15	because	because	SCONJ
cblr-10941	624	16	the	the	DET
cblr-10941	624	17	market	market	NOUN
cblr-10941	624	18	sets	set	VERB
cblr-10941	624	19	their	their	PRON
cblr-10941	624	20	value.176	value.176	NOUN
cblr-10941	624	21	the	the	DET
cblr-10941	624	22	carveout	carveout	NOUN
cblr-10941	624	23	also	also	ADV
cblr-10941	624	24	reduces	reduce	VERB
cblr-10941	624	25	monitoring	monitoring	NOUN
cblr-10941	624	26	costs	cost	NOUN
cblr-10941	624	27	between	between	ADP
cblr-10941	624	28	the	the	DET
cblr-10941	624	29	parent	parent	NOUN
cblr-10941	624	30	’s	’s	PART
cblr-10941	624	31	shareholders	shareholder	NOUN
cblr-10941	624	32	and	and	CCONJ
cblr-10941	624	33	the	the	DET
cblr-10941	624	34	parent	parent	NOUN
cblr-10941	624	35	’s	’s	PART
cblr-10941	624	36	managers	manager	NOUN
cblr-10941	624	37	.	.	PUNCT
cblr-10941	625	1	the	the	DET
cblr-10941	625	2	parent	parent	NOUN
cblr-10941	625	3	’s	’s	PART
cblr-10941	625	4	shareholders	shareholder	NOUN
cblr-10941	625	5	can	can	AUX
cblr-10941	625	6	gain	gain	VERB
cblr-10941	625	7	confidence	confidence	NOUN
cblr-10941	625	8	that	that	SCONJ
cblr-10941	625	9	the	the	DET
cblr-10941	625	10	parent	parent	NOUN
cblr-10941	625	11	’s	’s	PART
cblr-10941	625	12	managers	manager	NOUN
cblr-10941	625	13	are	be	AUX
cblr-10941	625	14	n’t	not	PART
cblr-10941	625	15	funding	fund	VERB
cblr-10941	625	16	a	a	DET
cblr-10941	625	17	vanity	vanity	NOUN
cblr-10941	625	18	project	project	NOUN
cblr-10941	625	19	because	because	SCONJ
cblr-10941	625	20	the	the	DET
cblr-10941	625	21	carveout	carveout	NOUN
cblr-10941	625	22	was	be	AUX
cblr-10941	625	23	able	able	ADJ
cblr-10941	625	24	to	to	PART
cblr-10941	625	25	raise	raise	VERB
cblr-10941	625	26	capital	capital	NOUN
cblr-10941	625	27	from	from	ADP
cblr-10941	625	28	public	public	ADJ
cblr-10941	625	29	shareholders	shareholder	NOUN
cblr-10941	625	30	.	.	PUNCT
cblr-10941	626	1	the	the	DET
cblr-10941	626	2	weak	weak	ADJ
cblr-10941	626	3	point	point	NOUN
cblr-10941	626	4	in	in	ADP
cblr-10941	626	5	the	the	DET
cblr-10941	626	6	equity	equity	NOUN
cblr-10941	626	7	carveout	carveout	NOUN
cblr-10941	626	8	structure	structure	NOUN
cblr-10941	626	9	is	be	AUX
cblr-10941	626	10	that	that	SCONJ
cblr-10941	626	11	the	the	DET
cblr-10941	626	12	carveout	carveout	NOUN
cblr-10941	626	13	’s	’s	PART
cblr-10941	626	14	public	public	ADJ
cblr-10941	626	15	shareholders	shareholder	NOUN
cblr-10941	626	16	may	may	AUX
cblr-10941	626	17	struggle	struggle	VERB
cblr-10941	626	18	to	to	PART
cblr-10941	626	19	monitor	monitor	VERB
cblr-10941	626	20	the	the	DET
cblr-10941	626	21	carveout	carveout	NOUN
cblr-10941	626	22	.	.	PUNCT
cblr-10941	627	1	these	these	DET
cblr-10941	627	2	public	public	ADJ
cblr-10941	627	3	shareholders	shareholder	NOUN
cblr-10941	627	4	will	will	AUX
cblr-10941	627	5	primarily	primarily	ADV
cblr-10941	627	6	be	be	AUX
cblr-10941	627	7	passive	passive	ADJ
cblr-10941	627	8	investors	investor	NOUN
cblr-10941	627	9	,	,	PUNCT
cblr-10941	627	10	who	who	PRON
cblr-10941	627	11	ca	can	AUX
cblr-10941	627	12	n’t	not	PART
cblr-10941	627	13	easily	easily	ADV
cblr-10941	627	14	observe	observe	VERB
cblr-10941	627	15	the	the	DET
cblr-10941	627	16	carveout	carveout	NOUN
cblr-10941	627	17	’s	’s	PART
cblr-10941	627	18	progress	progress	NOUN
cblr-10941	627	19	towards	towards	ADP
cblr-10941	627	20	commercialization	commercialization	NOUN
cblr-10941	627	21	.	.	PUNCT
cblr-10941	628	1	the	the	DET
cblr-10941	628	2	energy	energy	NOUN
cblr-10941	628	3	company	company	NOUN
cblr-10941	628	4	thermo	thermo	NOUN
cblr-10941	628	5	electron	electron	NOUN
cblr-10941	628	6	experimented	experiment	VERB
cblr-10941	628	7	with	with	ADP
cblr-10941	628	8	equity	equity	NOUN
cblr-10941	628	9	carveouts	carveout	NOUN
cblr-10941	628	10	between	between	ADP
cblr-10941	628	11	1983	1983	NUM
cblr-10941	628	12	and	and	CCONJ
cblr-10941	628	13	1998.177	1998.177	NUM
cblr-10941	628	14	thermo	thermo	NOUN
cblr-10941	628	15	generally	generally	ADV
cblr-10941	628	16	used	use	VERB
cblr-10941	628	17	carveouts	carveout	NOUN
cblr-10941	628	18	for	for	ADP
cblr-10941	628	19	late	late	ADJ
cblr-10941	628	20	-	-	PUNCT
cblr-10941	628	21	stage	stage	NOUN
cblr-10941	628	22	innovation	innovation	NOUN
cblr-10941	628	23	projects	project	NOUN
cblr-10941	628	24	.	.	PUNCT
cblr-10941	629	1	its	its	PRON
cblr-10941	629	2	first	first	ADJ
cblr-10941	629	3	175	175	NUM
cblr-10941	629	4	see	see	NOUN
cblr-10941	629	5	iacobucci	iacobucci	NOUN
cblr-10941	629	6	&	&	CCONJ
cblr-10941	629	7	triantis	triantis	PROPN
cblr-10941	629	8	,	,	PUNCT
cblr-10941	629	9	supra	supra	PROPN
cblr-10941	629	10	note	note	PROPN
cblr-10941	629	11	97	97	NUM
cblr-10941	629	12	,	,	PUNCT
cblr-10941	629	13	at	at	ADP
cblr-10941	629	14	521–23	521–23	PROPN
cblr-10941	629	15	(	(	PUNCT
cblr-10941	629	16	explaining	explain	VERB
cblr-10941	629	17	spinoffs	spinoff	NOUN
cblr-10941	629	18	as	as	ADP
cblr-10941	629	19	a	a	DET
cblr-10941	629	20	tradeoff	tradeoff	NOUN
cblr-10941	629	21	between	between	ADP
cblr-10941	629	22	the	the	DET
cblr-10941	629	23	benefits	benefit	NOUN
cblr-10941	629	24	of	of	ADP
cblr-10941	629	25	asset	asset	NOUN
cblr-10941	629	26	-	-	PUNCT
cblr-10941	629	27	specific	specific	ADJ
cblr-10941	629	28	financing	financing	NOUN
cblr-10941	629	29	and	and	CCONJ
cblr-10941	629	30	the	the	DET
cblr-10941	629	31	costs	cost	NOUN
cblr-10941	629	32	of	of	ADP
cblr-10941	629	33	contracting	contracting	NOUN
cblr-10941	629	34	with	with	ADP
cblr-10941	629	35	the	the	DET
cblr-10941	629	36	parent	parent	NOUN
cblr-10941	629	37	)	)	PUNCT
cblr-10941	629	38	.	.	PUNCT
cblr-10941	630	1	176	176	NUM
cblr-10941	630	2	see	see	VERB
cblr-10941	630	3	i	i	PRON
cblr-10941	630	4	d.	d.	PROPN
cblr-10941	630	5	at	at	ADP
cblr-10941	630	6	536	536	NUM
cblr-10941	630	7	(	(	PUNCT
cblr-10941	630	8	concluding	conclude	VERB
cblr-10941	630	9	that	that	SCONJ
cblr-10941	630	10	the	the	DET
cblr-10941	630	11	goal	goal	NOUN
cblr-10941	630	12	of	of	ADP
cblr-10941	630	13	tracking	track	VERB
cblr-10941	630	14	stock	stock	NOUN
cblr-10941	630	15	“	"	PUNCT
cblr-10941	630	16	is	be	AUX
cblr-10941	630	17	far	far	ADV
cblr-10941	630	18	better	well	ADV
cblr-10941	630	19	achieved	achieve	VERB
cblr-10941	630	20	by	by	ADP
cblr-10941	630	21	establishing	establish	VERB
cblr-10941	630	22	a	a	DET
cblr-10941	630	23	distinct	distinct	ADJ
cblr-10941	630	24	legal	legal	ADJ
cblr-10941	630	25	entity	entity	NOUN
cblr-10941	630	26	to	to	PART
cblr-10941	630	27	hold	hold	VERB
cblr-10941	630	28	the	the	DET
cblr-10941	630	29	assets	asset	NOUN
cblr-10941	630	30	and	and	CCONJ
cblr-10941	630	31	using	use	VERB
cblr-10941	630	32	alternative	alternative	ADJ
cblr-10941	630	33	restructuring	restructuring	NOUN
cblr-10941	630	34	forms	form	NOUN
cblr-10941	630	35	such	such	ADJ
cblr-10941	630	36	as	as	ADP
cblr-10941	630	37	spin	spin	NOUN
cblr-10941	630	38	-	-	PUNCT
cblr-10941	630	39	offs	off	NOUN
cblr-10941	630	40	and	and	CCONJ
cblr-10941	630	41	equity	equity	NOUN
cblr-10941	630	42	carveouts	carveout	NOUN
cblr-10941	630	43	.	.	PUNCT
cblr-10941	630	44	”	"	PUNCT
cblr-10941	630	45	)	)	PUNCT
cblr-10941	630	46	.	.	PUNCT
cblr-10941	631	1	177	177	NUM
cblr-10941	631	2	see	see	VERB
cblr-10941	631	3	benjamin	benjamin	PROPN
cblr-10941	631	4	c.	c.	PROPN
cblr-10941	631	5	powell	powell	PROPN
cblr-10941	631	6	,	,	PUNCT
cblr-10941	631	7	equity	equity	NOUN
cblr-10941	631	8	carve	carve	NOUN
cblr-10941	631	9	-	-	PUNCT
cblr-10941	631	10	outs	out	NOUN
cblr-10941	631	11	as	as	ADP
cblr-10941	631	12	a	a	DET
cblr-10941	631	13	technology	technology	NOUN
cblr-10941	631	14	commercialization	commercialization	NOUN
cblr-10941	631	15	strategy	strategy	NOUN
cblr-10941	631	16	:	:	PUNCT
cblr-10941	631	17	an	an	DET
cblr-10941	631	18	exploratory	exploratory	ADJ
cblr-10941	631	19	case	case	NOUN
cblr-10941	631	20	study	study	NOUN
cblr-10941	631	21	of	of	ADP
cblr-10941	631	22	thermo	thermo	NOUN
cblr-10941	631	23	electron	electron	NOUN
cblr-10941	631	24	’s	’s	PART
cblr-10941	631	25	strategy	strategy	NOUN
cblr-10941	631	26	,	,	PUNCT
cblr-10941	631	27	30	30	NUM
cblr-10941	631	28	technovation	technovation	NOUN
cblr-10941	631	29	37	37	NUM
cblr-10941	631	30	,	,	PUNCT
cblr-10941	631	31	41–44	41–44	NUM
cblr-10941	631	32	(	(	PUNCT
cblr-10941	631	33	2010	2010	NUM
cblr-10941	631	34	)	)	PUNCT
cblr-10941	631	35	.	.	PUNCT
cblr-10941	632	1	898	898	NUM
cblr-10941	632	2	columbia	columbia	PROPN
cblr-10941	632	3	business	business	NOUN
cblr-10941	632	4	law	law	PROPN
cblr-10941	632	5	review	review	NOUN
cblr-10941	632	6	[	[	X
cblr-10941	632	7	vol	vol	NOUN
cblr-10941	632	8	.	.	PUNCT
cblr-10941	632	9	2022	2022	NUM
cblr-10941	632	10	carveout	carveout	NOUN
cblr-10941	632	11	,	,	PUNCT
cblr-10941	632	12	thermedics	thermedic	NOUN
cblr-10941	632	13	,	,	PUNCT
cblr-10941	632	14	was	be	AUX
cblr-10941	632	15	working	work	VERB
cblr-10941	632	16	to	to	PART
cblr-10941	632	17	develop	develop	VERB
cblr-10941	632	18	an	an	DET
cblr-10941	632	19	artificial	artificial	ADJ
cblr-10941	632	20	heart.178	heart.178	PROPN
cblr-10941	632	21	thermedics	thermedic	NOUN
cblr-10941	632	22	received	receive	VERB
cblr-10941	632	23	its	its	PRON
cblr-10941	632	24	first	first	ADJ
cblr-10941	632	25	outside	outside	ADJ
cblr-10941	632	26	investment	investment	NOUN
cblr-10941	632	27	from	from	ADP
cblr-10941	632	28	venrock	venrock	PROPN
cblr-10941	632	29	associates	associates	PROPN
cblr-10941	632	30	,	,	PUNCT
cblr-10941	632	31	a	a	DET
cblr-10941	632	32	vc	vc	NOUN
cblr-10941	632	33	firm.179	firm.179	NOUN
cblr-10941	632	34	but	but	CCONJ
cblr-10941	632	35	two	two	NUM
cblr-10941	632	36	months	month	NOUN
cblr-10941	632	37	later	later	ADV
cblr-10941	632	38	,	,	PUNCT
cblr-10941	632	39	thermedics	thermedic	NOUN
cblr-10941	632	40	took	take	VERB
cblr-10941	632	41	a	a	DET
cblr-10941	632	42	much	much	ADV
cblr-10941	632	43	larger	large	ADJ
cblr-10941	632	44	investment	investment	NOUN
cblr-10941	632	45	from	from	ADP
cblr-10941	632	46	public	public	ADJ
cblr-10941	632	47	investors.180	investors.180	NOUN
cblr-10941	632	48	over	over	ADP
cblr-10941	632	49	time	time	NOUN
cblr-10941	632	50	,	,	PUNCT
cblr-10941	632	51	thermo	thermo	NOUN
cblr-10941	632	52	conducted	conduct	VERB
cblr-10941	632	53	twenty	twenty	NUM
cblr-10941	632	54	-	-	PUNCT
cblr-10941	632	55	three	three	NUM
cblr-10941	632	56	carveouts.181	carveouts.181	PROPN
cblr-10941	632	57	it	it	PRON
cblr-10941	632	58	developed	develop	VERB
cblr-10941	632	59	a	a	DET
cblr-10941	632	60	policy	policy	NOUN
cblr-10941	632	61	for	for	ADP
cblr-10941	632	62	determining	determine	VERB
cblr-10941	632	63	when	when	SCONJ
cblr-10941	632	64	to	to	PART
cblr-10941	632	65	carved	carved	VERB
cblr-10941	632	66	out	out	ADP
cblr-10941	632	67	a	a	DET
cblr-10941	632	68	subsidiary	subsidiary	NOUN
cblr-10941	632	69	.	.	PUNCT
cblr-10941	633	1	the	the	DET
cblr-10941	633	2	project	project	NOUN
cblr-10941	633	3	had	have	VERB
cblr-10941	633	4	to	to	PART
cblr-10941	633	5	be	be	AUX
cblr-10941	633	6	in	in	ADP
cblr-10941	633	7	need	need	NOUN
cblr-10941	633	8	of	of	ADP
cblr-10941	633	9	outside	outside	ADJ
cblr-10941	633	10	capital	capital	NOUN
cblr-10941	633	11	,	,	PUNCT
cblr-10941	633	12	expected	expect	VERB
cblr-10941	633	13	to	to	PART
cblr-10941	633	14	grow	grow	VERB
cblr-10941	633	15	revenues	revenue	NOUN
cblr-10941	633	16	at	at	ADP
cblr-10941	633	17	30	30	NUM
cblr-10941	633	18	%	%	NOUN
cblr-10941	633	19	per	per	ADP
cblr-10941	633	20	year	year	NOUN
cblr-10941	633	21	once	once	SCONJ
cblr-10941	633	22	it	it	PRON
cblr-10941	633	23	received	receive	VERB
cblr-10941	633	24	the	the	DET
cblr-10941	633	25	capital	capital	NOUN
cblr-10941	633	26	,	,	PUNCT
cblr-10941	633	27	and	and	CCONJ
cblr-10941	633	28	able	able	ADJ
cblr-10941	633	29	to	to	PART
cblr-10941	633	30	garner	garner	VERB
cblr-10941	633	31	an	an	DET
cblr-10941	633	32	attractive	attractive	ADJ
cblr-10941	633	33	stock	stock	NOUN
cblr-10941	633	34	price	price	NOUN
cblr-10941	633	35	in	in	ADP
cblr-10941	633	36	the	the	DET
cblr-10941	633	37	public	public	NOUN
cblr-10941	633	38	markets.182	markets.182	PROPN
cblr-10941	633	39	the	the	DET
cblr-10941	633	40	policy	policy	NOUN
cblr-10941	633	41	suggests	suggest	VERB
cblr-10941	633	42	that	that	SCONJ
cblr-10941	633	43	thermo	thermo	NOUN
cblr-10941	633	44	’s	’s	PART
cblr-10941	633	45	managers	manager	NOUN
cblr-10941	633	46	knew	know	VERB
cblr-10941	633	47	that	that	SCONJ
cblr-10941	633	48	public	public	ADJ
cblr-10941	633	49	investors	investor	NOUN
cblr-10941	633	50	would	would	AUX
cblr-10941	633	51	only	only	ADV
cblr-10941	633	52	bet	bet	VERB
cblr-10941	633	53	on	on	ADP
cblr-10941	633	54	a	a	DET
cblr-10941	633	55	carveout	carveout	NOUN
cblr-10941	633	56	if	if	SCONJ
cblr-10941	633	57	its	its	PRON
cblr-10941	633	58	technology	technology	NOUN
cblr-10941	633	59	was	be	AUX
cblr-10941	633	60	sufficiently	sufficiently	ADV
cblr-10941	633	61	advanced	advanced	ADJ
cblr-10941	633	62	to	to	PART
cblr-10941	633	63	generate	generate	VERB
cblr-10941	633	64	meaningful	meaningful	ADJ
cblr-10941	633	65	revenue	revenue	NOUN
cblr-10941	633	66	.	.	PUNCT
cblr-10941	634	1	thermo	thermo	NOUN
cblr-10941	634	2	’s	’s	PART
cblr-10941	634	3	experiment	experiment	NOUN
cblr-10941	634	4	with	with	ADP
cblr-10941	634	5	equity	equity	NOUN
cblr-10941	634	6	carveouts	carveout	NOUN
cblr-10941	634	7	was	be	AUX
cblr-10941	634	8	a	a	DET
cblr-10941	634	9	qualified	qualified	ADJ
cblr-10941	634	10	success	success	NOUN
cblr-10941	634	11	.	.	PUNCT
cblr-10941	635	1	one	one	NUM
cblr-10941	635	2	hundred	hundred	NUM
cblr-10941	635	3	dollars	dollar	NOUN
cblr-10941	635	4	invested	invest	VERB
cblr-10941	635	5	in	in	ADP
cblr-10941	635	6	thermo	thermo	NOUN
cblr-10941	635	7	at	at	ADP
cblr-10941	635	8	1983	1983	NUM
cblr-10941	635	9	(	(	PUNCT
cblr-10941	635	10	when	when	SCONJ
cblr-10941	635	11	the	the	DET
cblr-10941	635	12	carveouts	carveout	NOUN
cblr-10941	635	13	started	start	VERB
cblr-10941	635	14	)	)	PUNCT
cblr-10941	635	15	would	would	AUX
cblr-10941	635	16	have	have	AUX
cblr-10941	635	17	grown	grow	VERB
cblr-10941	635	18	to	to	ADP
cblr-10941	635	19	$	$	SYM
cblr-10941	635	20	1,667	1,667	NUM
cblr-10941	635	21	by	by	ADP
cblr-10941	635	22	the	the	DET
cblr-10941	635	23	end	end	NOUN
cblr-10941	635	24	of	of	ADP
cblr-10941	635	25	1995	1995	NUM
cblr-10941	635	26	(	(	PUNCT
cblr-10941	635	27	when	when	SCONJ
cblr-10941	635	28	they	they	PRON
cblr-10941	635	29	ended).183	ended).183	VERB
cblr-10941	635	30	the	the	DET
cblr-10941	635	31	same	same	ADJ
cblr-10941	635	32	$	$	SYM
cblr-10941	635	33	100	100	NUM
cblr-10941	635	34	would	would	AUX
cblr-10941	635	35	have	have	AUX
cblr-10941	635	36	yielded	yield	VERB
cblr-10941	635	37	only	only	ADV
cblr-10941	635	38	$	$	SYM
cblr-10941	635	39	524	524	NUM
cblr-10941	635	40	in	in	ADP
cblr-10941	635	41	a	a	DET
cblr-10941	635	42	portfolio	portfolio	NOUN
cblr-10941	635	43	of	of	ADP
cblr-10941	635	44	firms	firm	NOUN
cblr-10941	635	45	in	in	ADP
cblr-10941	635	46	thermo	thermo	NOUN
cblr-10941	635	47	’s	’s	PART
cblr-10941	635	48	industry	industry	NOUN
cblr-10941	635	49	and	and	CCONJ
cblr-10941	635	50	only	only	ADV
cblr-10941	635	51	$	$	SYM
cblr-10941	635	52	381	381	NUM
cblr-10941	635	53	in	in	ADP
cblr-10941	635	54	the	the	DET
cblr-10941	635	55	s&p	s&p	PROPN
cblr-10941	635	56	500	500	NUM
cblr-10941	635	57	over	over	ADP
cblr-10941	635	58	the	the	DET
cblr-10941	635	59	same	same	ADJ
cblr-10941	635	60	period.184	period.184	NOUN
cblr-10941	635	61	thermo	thermo	NOUN
cblr-10941	635	62	phased	phase	VERB
cblr-10941	635	63	out	out	ADP
cblr-10941	635	64	the	the	DET
cblr-10941	635	65	carveouts	carveout	NOUN
cblr-10941	635	66	in	in	ADP
cblr-10941	635	67	the	the	DET
cblr-10941	635	68	late	late	ADJ
cblr-10941	635	69	1990s	1990	NOUN
cblr-10941	635	70	as	as	SCONJ
cblr-10941	635	71	the	the	DET
cblr-10941	635	72	parent	parent	NOUN
cblr-10941	635	73	company	company	NOUN
cblr-10941	635	74	faced	face	VERB
cblr-10941	635	75	market	market	NOUN
cblr-10941	635	76	headwinds	headwind	NOUN
cblr-10941	635	77	and	and	CCONJ
cblr-10941	635	78	its	its	PRON
cblr-10941	635	79	empire	empire	NOUN
cblr-10941	635	80	of	of	ADP
cblr-10941	635	81	carveouts	carveout	NOUN
cblr-10941	635	82	grew	grow	VERB
cblr-10941	635	83	unwieldy	unwieldy	ADJ
cblr-10941	635	84	to	to	ADP
cblr-10941	635	85	manage.185	manage.185	NOUN
cblr-10941	635	86	but	but	CCONJ
cblr-10941	635	87	thermo	thermo	NOUN
cblr-10941	635	88	’s	’s	PART
cblr-10941	635	89	experiment	experiment	NOUN
cblr-10941	635	90	shows	show	VERB
cblr-10941	635	91	how	how	SCONJ
cblr-10941	635	92	creatively	creatively	ADV
cblr-10941	635	93	-	-	PUNCT
cblr-10941	635	94	designed	design	VERB
cblr-10941	635	95	corporate	corporate	ADJ
cblr-10941	635	96	structures	structure	NOUN
cblr-10941	635	97	can	can	AUX
cblr-10941	635	98	overcome	overcome	VERB
cblr-10941	635	99	the	the	DET
cblr-10941	635	100	agency	agency	NOUN
cblr-10941	635	101	problems	problem	NOUN
cblr-10941	635	102	that	that	PRON
cblr-10941	635	103	otherwise	otherwise	ADV
cblr-10941	635	104	impede	impede	VERB
cblr-10941	635	105	innovation	innovation	NOUN
cblr-10941	635	106	.	.	PUNCT
cblr-10941	636	1	iv	iv	X
cblr-10941	636	2	.	.	PUNCT
cblr-10941	636	3	venture	venture	NOUN
cblr-10941	636	4	carveouts	carveout	VERB
cblr-10941	636	5	a	a	DET
cblr-10941	636	6	venture	venture	NOUN
cblr-10941	636	7	carveout	carveout	NOUN
cblr-10941	636	8	is	be	AUX
cblr-10941	636	9	a	a	DET
cblr-10941	636	10	private	private	ADJ
cblr-10941	636	11	company	company	NOUN
cblr-10941	636	12	with	with	ADP
cblr-10941	636	13	one	one	NUM
cblr-10941	636	14	or	or	CCONJ
cblr-10941	636	15	two	two	NUM
cblr-10941	636	16	public	public	ADJ
cblr-10941	636	17	company	company	NOUN
cblr-10941	636	18	parents	parent	NOUN
cblr-10941	636	19	,	,	PUNCT
cblr-10941	636	20	outside	outside	ADP
cblr-10941	636	21	private	private	ADJ
cblr-10941	636	22	investors	investor	NOUN
cblr-10941	636	23	,	,	PUNCT
cblr-10941	636	24	and	and	CCONJ
cblr-10941	636	25	employee	employee	NOUN
cblr-10941	636	26	ownership	ownership	NOUN
cblr-10941	636	27	.	.	PUNCT
cblr-10941	637	1	it	it	PRON
cblr-10941	637	2	resembles	resemble	VERB
cblr-10941	637	3	an	an	DET
cblr-10941	637	4	equity	equity	NOUN
cblr-10941	637	5	carveout	carveout	NOUN
cblr-10941	637	6	,	,	PUNCT
cblr-10941	637	7	except	except	SCONJ
cblr-10941	637	8	178	178	NUM
cblr-10941	637	9	i	i	PROPN
cblr-10941	637	10	d.	d.	PROPN
cblr-10941	637	11	at	at	ADP
cblr-10941	637	12	42	42	NUM
cblr-10941	637	13	.	.	PUNCT
cblr-10941	638	1	179	179	NUM
cblr-10941	639	1	i	i	PRON
cblr-10941	639	2	d.	d.	PROPN
cblr-10941	639	3	180	180	NUM
cblr-10941	640	1	i	i	PROPN
cblr-10941	640	2	d.	d.	PROPN
cblr-10941	640	3	181	181	NUM
cblr-10941	641	1	i	i	PRON
cblr-10941	641	2	d.	d.	PROPN
cblr-10941	641	3	at	at	ADP
cblr-10941	641	4	37	37	NUM
cblr-10941	641	5	.	.	NOUN
cblr-10941	641	6	182	182	NUM
cblr-10941	642	1	i	i	PRON
cblr-10941	642	2	d.	d.	PROPN
cblr-10941	642	3	at	at	ADP
cblr-10941	642	4	42	42	NUM
cblr-10941	642	5	.	.	PUNCT
cblr-10941	643	1	183	183	NUM
cblr-10941	644	1	i	i	PRON
cblr-10941	644	2	d.	d.	PROPN
cblr-10941	644	3	at	at	ADP
cblr-10941	644	4	43	43	NUM
cblr-10941	644	5	.	.	PUNCT
cblr-10941	645	1	184	184	NUM
cblr-10941	645	2	i	i	NOUN
cblr-10941	645	3	d.	d.	PROPN
cblr-10941	645	4	185	185	NUM
cblr-10941	645	5	see	see	VERB
cblr-10941	645	6	i	i	PRON
cblr-10941	645	7	d.	d.	PROPN
cblr-10941	645	8	at	at	ADP
cblr-10941	645	9	43–44	43–44	NUM
cblr-10941	645	10	.	.	PUNCT
cblr-10941	646	1	no	no	INTJ
cblr-10941	646	2	.	.	PUNCT
cblr-10941	647	1	2:859	2:859	NUM
cblr-10941	647	2	]	]	X
cblr-10941	647	3	moonshots	moonshot	NOUN
cblr-10941	647	4	899	899	NUM
cblr-10941	647	5	for	for	ADP
cblr-10941	647	6	the	the	DET
cblr-10941	647	7	critical	critical	ADJ
cblr-10941	647	8	difference	difference	NOUN
cblr-10941	647	9	that	that	PRON
cblr-10941	647	10	it	it	PRON
cblr-10941	647	11	remains	remain	VERB
cblr-10941	647	12	a	a	DET
cblr-10941	647	13	private	private	ADJ
cblr-10941	647	14	company	company	NOUN
cblr-10941	647	15	.	.	PUNCT
cblr-10941	648	1	venture	venture	NOUN
cblr-10941	648	2	carveouts	carveout	NOUN
cblr-10941	648	3	evolved	evolve	VERB
cblr-10941	648	4	as	as	ADP
cblr-10941	648	5	an	an	DET
cblr-10941	648	6	adaptation	adaptation	NOUN
cblr-10941	648	7	to	to	ADP
cblr-10941	648	8	the	the	DET
cblr-10941	648	9	challenges	challenge	NOUN
cblr-10941	648	10	of	of	ADP
cblr-10941	648	11	developing	develop	VERB
cblr-10941	648	12	autonomous	autonomous	ADJ
cblr-10941	648	13	vehicle	vehicle	NOUN
cblr-10941	648	14	technology	technology	NOUN
cblr-10941	648	15	.	.	PUNCT
cblr-10941	649	1	several	several	ADJ
cblr-10941	649	2	of	of	ADP
cblr-10941	649	3	the	the	DET
cblr-10941	649	4	major	major	ADJ
cblr-10941	649	5	players	player	NOUN
cblr-10941	649	6	in	in	ADP
cblr-10941	649	7	the	the	DET
cblr-10941	649	8	av	av	PROPN
cblr-10941	649	9	industry	industry	NOUN
cblr-10941	649	10	have	have	AUX
cblr-10941	649	11	converged	converge	VERB
cblr-10941	649	12	on	on	ADP
cblr-10941	649	13	this	this	DET
cblr-10941	649	14	novel	novel	ADJ
cblr-10941	649	15	structure	structure	NOUN
cblr-10941	649	16	,	,	PUNCT
cblr-10941	649	17	which	which	PRON
cblr-10941	649	18	suggests	suggest	VERB
cblr-10941	649	19	that	that	SCONJ
cblr-10941	649	20	it	it	PRON
cblr-10941	649	21	has	have	VERB
cblr-10941	649	22	real	real	ADJ
cblr-10941	649	23	economic	economic	ADJ
cblr-10941	649	24	advantages	advantage	NOUN
cblr-10941	649	25	.	.	PUNCT
cblr-10941	650	1	whether	whether	SCONJ
cblr-10941	650	2	the	the	DET
cblr-10941	650	3	venture	venture	NOUN
cblr-10941	650	4	carveouts	carveout	NOUN
cblr-10941	650	5	will	will	AUX
cblr-10941	650	6	actually	actually	ADV
cblr-10941	650	7	bring	bring	VERB
cblr-10941	650	8	av	av	PROPN
cblr-10941	650	9	technology	technology	NOUN
cblr-10941	650	10	to	to	ADP
cblr-10941	650	11	market	market	NOUN
cblr-10941	650	12	will	will	AUX
cblr-10941	650	13	depend	depend	VERB
cblr-10941	650	14	on	on	ADP
cblr-10941	650	15	how	how	SCONJ
cblr-10941	650	16	they	they	PRON
cblr-10941	650	17	weather	weather	VERB
cblr-10941	650	18	increasing	increase	VERB
cblr-10941	650	19	demands	demand	NOUN
cblr-10941	650	20	for	for	ADP
cblr-10941	650	21	liquidity	liquidity	NOUN
cblr-10941	650	22	and	and	CCONJ
cblr-10941	650	23	potential	potential	ADJ
cblr-10941	650	24	conflicts	conflict	NOUN
cblr-10941	650	25	about	about	ADP
cblr-10941	650	26	strategy	strategy	NOUN
cblr-10941	650	27	and	and	CCONJ
cblr-10941	650	28	exit	exit	NOUN
cblr-10941	650	29	.	.	PUNCT
cblr-10941	651	1	a.	a.	NOUN
cblr-10941	651	2	history	history	NOUN
cblr-10941	651	3	investments	investment	NOUN
cblr-10941	651	4	in	in	ADP
cblr-10941	651	5	av	av	PROPN
cblr-10941	651	6	technology	technology	NOUN
cblr-10941	651	7	today	today	NOUN
cblr-10941	651	8	are	be	AUX
cblr-10941	651	9	measured	measure	VERB
cblr-10941	651	10	in	in	ADP
cblr-10941	651	11	billions	billion	NOUN
cblr-10941	651	12	.	.	PUNCT
cblr-10941	652	1	but	but	CCONJ
cblr-10941	652	2	the	the	DET
cblr-10941	652	3	most	most	ADV
cblr-10941	652	4	important	important	ADJ
cblr-10941	652	5	investment	investment	NOUN
cblr-10941	652	6	in	in	ADP
cblr-10941	652	7	the	the	DET
cblr-10941	652	8	development	development	NOUN
cblr-10941	652	9	of	of	ADP
cblr-10941	652	10	avs	avs	PROPN
cblr-10941	652	11	was	be	AUX
cblr-10941	652	12	a	a	DET
cblr-10941	652	13	modest	modest	ADJ
cblr-10941	652	14	$	$	SYM
cblr-10941	652	15	1	1	NUM
cblr-10941	652	16	million	million	NUM
cblr-10941	652	17	.	.	PUNCT
cblr-10941	653	1	the	the	DET
cblr-10941	653	2	investor	investor	NOUN
cblr-10941	653	3	was	be	AUX
cblr-10941	653	4	the	the	DET
cblr-10941	653	5	defense	defense	NOUN
cblr-10941	653	6	advanced	advanced	ADJ
cblr-10941	653	7	research	research	NOUN
cblr-10941	653	8	project	project	NOUN
cblr-10941	653	9	agency	agency	NOUN
cblr-10941	653	10	(	(	PUNCT
cblr-10941	653	11	darpa	darpa	PROPN
cblr-10941	653	12	)	)	PUNCT
cblr-10941	653	13	,	,	PUNCT
cblr-10941	653	14	the	the	DET
cblr-10941	653	15	u.s	u.s	PROPN
cblr-10941	653	16	.	.	PROPN
cblr-10941	653	17	military	military	ADJ
cblr-10941	653	18	unit	unit	NOUN
cblr-10941	653	19	famous	famous	ADJ
cblr-10941	653	20	for	for	ADP
cblr-10941	653	21	its	its	PRON
cblr-10941	653	22	role	role	NOUN
cblr-10941	653	23	in	in	ADP
cblr-10941	653	24	creating	create	VERB
cblr-10941	653	25	the	the	DET
cblr-10941	653	26	internet.186	internet.186	NOUN
cblr-10941	653	27	in	in	ADP
cblr-10941	653	28	2004	2004	NUM
cblr-10941	653	29	,	,	PUNCT
cblr-10941	653	30	darpa	darpa	PROPN
cblr-10941	653	31	organized	organize	VERB
cblr-10941	653	32	the	the	DET
cblr-10941	653	33	grand	grand	ADJ
cblr-10941	653	34	challenge	challenge	NOUN
cblr-10941	653	35	,	,	PUNCT
cblr-10941	653	36	a	a	DET
cblr-10941	653	37	race	race	NOUN
cblr-10941	653	38	for	for	ADP
cblr-10941	653	39	robotic	robotic	ADJ
cblr-10941	653	40	vehicles	vehicle	NOUN
cblr-10941	653	41	across	across	ADP
cblr-10941	653	42	a	a	DET
cblr-10941	653	43	142	142	NUM
cblr-10941	653	44	-	-	PUNCT
cblr-10941	653	45	mile	mile	NOUN
cblr-10941	653	46	course	course	NOUN
cblr-10941	653	47	in	in	ADP
cblr-10941	653	48	the	the	DET
cblr-10941	653	49	mojave	mojave	NOUN
cblr-10941	653	50	desert.187	desert.187	ADP
cblr-10941	654	1	the	the	DET
cblr-10941	654	2	agency	agency	NOUN
cblr-10941	654	3	promised	promise	VERB
cblr-10941	654	4	to	to	PART
cblr-10941	654	5	award	award	VERB
cblr-10941	654	6	$	$	SYM
cblr-10941	654	7	1	1	NUM
cblr-10941	654	8	million	million	NUM
cblr-10941	654	9	to	to	ADP
cblr-10941	654	10	the	the	DET
cblr-10941	654	11	winner.188	winner.188	NUM
cblr-10941	654	12	fifteen	fifteen	NUM
cblr-10941	654	13	teams	team	NOUN
cblr-10941	654	14	,	,	PUNCT
cblr-10941	654	15	mostly	mostly	ADV
cblr-10941	654	16	academic	academic	ADJ
cblr-10941	654	17	labs	lab	NOUN
cblr-10941	654	18	,	,	PUNCT
cblr-10941	654	19	entered	enter	VERB
cblr-10941	654	20	the	the	DET
cblr-10941	654	21	race.189	race.189	NOUN
cblr-10941	654	22	none	none	NOUN
cblr-10941	654	23	of	of	ADP
cblr-10941	654	24	the	the	DET
cblr-10941	654	25	vehicles	vehicle	NOUN
cblr-10941	654	26	finished	finish	VERB
cblr-10941	654	27	.	.	PUNCT
cblr-10941	655	1	in	in	ADP
cblr-10941	655	2	fact	fact	NOUN
cblr-10941	655	3	,	,	PUNCT
cblr-10941	655	4	no	no	DET
cblr-10941	655	5	vehicle	vehicle	NOUN
cblr-10941	655	6	got	get	VERB
cblr-10941	655	7	farther	farth	ADJ
cblr-10941	655	8	than	than	ADP
cblr-10941	655	9	eight	eight	NUM
cblr-10941	655	10	miles.190	miles.190	ADJ
cblr-10941	655	11	but	but	CCONJ
cblr-10941	655	12	darpa	darpa	PROPN
cblr-10941	655	13	was	be	AUX
cblr-10941	655	14	undaunted	undaunted	ADJ
cblr-10941	655	15	.	.	PUNCT
cblr-10941	656	1	186	186	NUM
cblr-10941	656	2	for	for	ADP
cblr-10941	656	3	a	a	DET
cblr-10941	656	4	critical	critical	ADJ
cblr-10941	656	5	history	history	NOUN
cblr-10941	656	6	of	of	ADP
cblr-10941	656	7	darpa	darpa	PROPN
cblr-10941	656	8	,	,	PUNCT
cblr-10941	656	9	see	see	VERB
cblr-10941	656	10	generally	generally	ADV
cblr-10941	656	11	sharon	sharon	PROPN
cblr-10941	656	12	weinberger	weinberger	PROPN
cblr-10941	656	13	,	,	PUNCT
cblr-10941	656	14	the	the	DET
cblr-10941	656	15	imagineers	imagineer	NOUN
cblr-10941	656	16	of	of	ADP
cblr-10941	656	17	war	war	NOUN
cblr-10941	656	18	(	(	PUNCT
cblr-10941	656	19	2017	2017	NUM
cblr-10941	656	20	)	)	PUNCT
cblr-10941	656	21	.	.	PUNCT
cblr-10941	657	1	187	187	NUM
cblr-10941	657	2	alex	alex	PROPN
cblr-10941	657	3	davies	davy	NOUN
cblr-10941	657	4	,	,	PUNCT
cblr-10941	657	5	an	an	DET
cblr-10941	657	6	oral	oral	ADJ
cblr-10941	657	7	history	history	NOUN
cblr-10941	657	8	of	of	ADP
cblr-10941	657	9	the	the	DET
cblr-10941	657	10	darpa	darpa	PROPN
cblr-10941	657	11	grand	grand	ADJ
cblr-10941	657	12	challenge	challenge	NOUN
cblr-10941	657	13	,	,	PUNCT
cblr-10941	657	14	the	the	DET
cblr-10941	657	15	grueling	gruele	VERB
cblr-10941	657	16	robot	robot	NOUN
cblr-10941	657	17	race	race	NOUN
cblr-10941	657	18	that	that	PRON
cblr-10941	657	19	launched	launch	VERB
cblr-10941	657	20	the	the	DET
cblr-10941	657	21	self	self	NOUN
cblr-10941	657	22	-	-	PUNCT
cblr-10941	657	23	driving	drive	VERB
cblr-10941	657	24	car	car	NOUN
cblr-10941	657	25	,	,	PUNCT
cblr-10941	657	26	wired	wire	VERB
cblr-10941	657	27	(	(	PUNCT
cblr-10941	657	28	aug	aug	PROPN
cblr-10941	657	29	.	.	PROPN
cblr-10941	657	30	3	3	NUM
cblr-10941	657	31	,	,	PUNCT
cblr-10941	657	32	2017	2017	NUM
cblr-10941	657	33	,	,	PUNCT
cblr-10941	657	34	9:00	9:00	NUM
cblr-10941	657	35	am	am	NOUN
cblr-10941	657	36	)	)	PUNCT
cblr-10941	657	37	,	,	PUNCT
cblr-10941	657	38	https://www.wired.com/story/darpa-grand-challenge-2004oral-history/	https://www.wired.com/story/darpa-grand-challenge-2004oral-history/	X
cblr-10941	657	39	[	[	X
cblr-10941	657	40	https://perma.cc/6x2g-yvs6	https://perma.cc/6x2g-yvs6	X
cblr-10941	657	41	]	]	X
cblr-10941	657	42	.	.	PUNCT
cblr-10941	658	1	188	188	NUM
cblr-10941	658	2	marsha	marsha	PROPN
cblr-10941	658	3	walton	walton	PROPN
cblr-10941	658	4	,	,	PUNCT
cblr-10941	658	5	robots	robot	NOUN
cblr-10941	658	6	fail	fail	VERB
cblr-10941	658	7	to	to	PART
cblr-10941	658	8	complete	complete	VERB
cblr-10941	658	9	grand	grand	ADJ
cblr-10941	658	10	challenge	challenge	NOUN
cblr-10941	658	11	,	,	PUNCT
cblr-10941	658	12	cnn	cnn	PROPN
cblr-10941	658	13	(	(	PUNCT
cblr-10941	658	14	may	may	PROPN
cblr-10941	658	15	6	6	NUM
cblr-10941	658	16	,	,	PUNCT
cblr-10941	658	17	2004	2004	NUM
cblr-10941	658	18	,	,	PUNCT
cblr-10941	658	19	10:44	10:44	NUM
cblr-10941	658	20	am	am	NOUN
cblr-10941	658	21	)	)	PUNCT
cblr-10941	658	22	,	,	PUNCT
cblr-10941	658	23	https://www.cnn.com/2004/tech/ptech/03/14/darpa.race/	https://www.cnn.com/2004/tech/ptech/03/14/darpa.race/	PROPN
cblr-10941	659	1	[	[	X
cblr-10941	659	2	https://perma.cc/jf45-rqay	https://perma.cc/jf45-rqay	X
cblr-10941	659	3	]	]	X
cblr-10941	659	4	.	.	PUNCT
cblr-10941	660	1	189	189	NUM
cblr-10941	660	2	see	see	VERB
cblr-10941	660	3	joseph	joseph	PROPN
cblr-10941	660	4	hooper	hooper	PROPN
cblr-10941	660	5	,	,	PUNCT
cblr-10941	660	6	from	from	ADP
cblr-10941	660	7	darpa	darpa	PROPN
cblr-10941	660	8	grand	grand	ADJ
cblr-10941	660	9	challenge	challenge	NOUN
cblr-10941	660	10	2004darpa	2004darpa	PROPN
cblr-10941	660	11	’s	’s	PART
cblr-10941	660	12	debacle	debacle	NOUN
cblr-10941	660	13	in	in	ADP
cblr-10941	660	14	the	the	DET
cblr-10941	660	15	desert	desert	NOUN
cblr-10941	660	16	,	,	PUNCT
cblr-10941	660	17	popular	popular	ADJ
cblr-10941	660	18	sci	sci	PROPN
cblr-10941	660	19	.	.	PUNCT
cblr-10941	661	1	(	(	PUNCT
cblr-10941	661	2	june	june	PROPN
cblr-10941	661	3	4	4	NUM
cblr-10941	661	4	,	,	PUNCT
cblr-10941	661	5	2004	2004	NUM
cblr-10941	661	6	,	,	PUNCT
cblr-10941	661	7	10:00	10:00	NUM
cblr-10941	661	8	am	am	NOUN
cblr-10941	661	9	)	)	PUNCT
cblr-10941	661	10	,	,	PUNCT
cblr-10941	661	11	https://www.popsci.com/scitech/article/2004-06/darpa-grand-challenge2004darpas-debacle-desert/	https://www.popsci.com/scitech/article/2004-06/darpa-grand-challenge2004darpas-debacle-desert/	NOUN
cblr-10941	662	1	[	[	X
cblr-10941	662	2	https://perma.cc/aly2-ksfy	https://perma.cc/aly2-ksfy	PROPN
cblr-10941	662	3	]	]	PUNCT
cblr-10941	662	4	.	.	PUNCT
cblr-10941	663	1	190	190	NUM
cblr-10941	663	2	see	see	VERB
cblr-10941	663	3	grand	grand	ADJ
cblr-10941	663	4	challenge	challenge	NOUN
cblr-10941	663	5	2004	2004	NUM
cblr-10941	663	6	final	final	ADJ
cblr-10941	663	7	report	report	NOUN
cblr-10941	663	8	,	,	PUNCT
cblr-10941	663	9	def	def	PROPN
cblr-10941	663	10	.	.	PUNCT
cblr-10941	664	1	advanced	advanced	ADJ
cblr-10941	664	2	rsch	rsch	NOUN
cblr-10941	664	3	.	.	PUNCT
cblr-10941	665	1	projects	project	NOUN
cblr-10941	665	2	agency	agency	NOUN
cblr-10941	665	3	8–9	8–9	PROPN
cblr-10941	665	4	(	(	PUNCT
cblr-10941	665	5	2004	2004	NUM
cblr-10941	665	6	)	)	PUNCT
cblr-10941	665	7	,	,	PUNCT
cblr-10941	665	8	https://www.esd.whs.mil/portals/54/documents/foid/reading%20room/d	https://www.esd.whs.mil/portals/54/documents/foid/reading%20room/d	VERB
cblr-10941	665	9	900	900	NUM
cblr-10941	665	10	columbia	columbia	PROPN
cblr-10941	665	11	business	business	NOUN
cblr-10941	665	12	law	law	NOUN
cblr-10941	665	13	review	review	NOUN
cblr-10941	665	14	[	[	X
cblr-10941	665	15	vol	vol	NOUN
cblr-10941	665	16	.	.	PUNCT
cblr-10941	665	17	2022	2022	NUM
cblr-10941	665	18	in	in	ADP
cblr-10941	665	19	2005	2005	NUM
cblr-10941	665	20	,	,	PUNCT
cblr-10941	665	21	it	it	PRON
cblr-10941	665	22	hosted	host	VERB
cblr-10941	665	23	a	a	DET
cblr-10941	665	24	second	second	ADJ
cblr-10941	665	25	grand	grand	ADJ
cblr-10941	665	26	challenge	challenge	NOUN
cblr-10941	665	27	on	on	ADP
cblr-10941	665	28	a	a	DET
cblr-10941	665	29	similar	similar	ADJ
cblr-10941	665	30	course	course	NOUN
cblr-10941	665	31	.	.	PUNCT
cblr-10941	666	1	this	this	DET
cblr-10941	666	2	time	time	NOUN
cblr-10941	666	3	,	,	PUNCT
cblr-10941	666	4	it	it	PRON
cblr-10941	666	5	offered	offer	VERB
cblr-10941	666	6	$	$	SYM
cblr-10941	666	7	2	2	NUM
cblr-10941	666	8	million	million	NUM
cblr-10941	666	9	to	to	ADP
cblr-10941	666	10	the	the	DET
cblr-10941	666	11	winner.191	winner.191	NOUN
cblr-10941	666	12	the	the	DET
cblr-10941	666	13	teams	team	NOUN
cblr-10941	666	14	learned	learn	VERB
cblr-10941	666	15	quickly	quickly	ADV
cblr-10941	666	16	.	.	PUNCT
cblr-10941	667	1	five	five	NUM
cblr-10941	667	2	vehicles	vehicle	NOUN
cblr-10941	667	3	finished	finish	VERB
cblr-10941	667	4	the	the	DET
cblr-10941	667	5	race.192	race.192	NOUN
cblr-10941	667	6	a	a	DET
cblr-10941	667	7	stanford	stanford	PROPN
cblr-10941	667	8	team	team	NOUN
cblr-10941	667	9	won	win	VERB
cblr-10941	667	10	the	the	DET
cblr-10941	667	11	prize.193	prize.193	NOUN
cblr-10941	667	12	the	the	DET
cblr-10941	667	13	second	second	ADJ
cblr-10941	667	14	darpa	darpa	ADJ
cblr-10941	667	15	grand	grand	ADJ
cblr-10941	667	16	challenge	challenge	NOUN
cblr-10941	667	17	had	have	AUX
cblr-10941	667	18	shown	show	VERB
cblr-10941	667	19	that	that	SCONJ
cblr-10941	667	20	robotic	robotic	ADJ
cblr-10941	667	21	vehicles	vehicle	NOUN
cblr-10941	667	22	could	could	AUX
cblr-10941	667	23	navigate	navigate	VERB
cblr-10941	667	24	rough	rough	ADJ
cblr-10941	667	25	terrain	terrain	NOUN
cblr-10941	667	26	without	without	ADP
cblr-10941	667	27	human	human	ADJ
cblr-10941	667	28	intervention	intervention	NOUN
cblr-10941	667	29	.	.	PUNCT
cblr-10941	668	1	but	but	CCONJ
cblr-10941	668	2	darpa	darpa	PROPN
cblr-10941	668	3	wanted	want	VERB
cblr-10941	668	4	to	to	PART
cblr-10941	668	5	develop	develop	VERB
cblr-10941	668	6	vehicles	vehicle	NOUN
cblr-10941	668	7	that	that	PRON
cblr-10941	668	8	could	could	AUX
cblr-10941	668	9	operate	operate	VERB
cblr-10941	668	10	autonomously	autonomously	ADV
cblr-10941	668	11	under	under	ADP
cblr-10941	668	12	realistic	realistic	ADJ
cblr-10941	668	13	conditions	condition	NOUN
cblr-10941	668	14	.	.	PUNCT
cblr-10941	669	1	in	in	ADP
cblr-10941	669	2	2007	2007	NUM
cblr-10941	669	3	,	,	PUNCT
cblr-10941	669	4	the	the	DET
cblr-10941	669	5	agency	agency	NOUN
cblr-10941	669	6	organized	organize	VERB
cblr-10941	669	7	a	a	DET
cblr-10941	669	8	third	third	ADJ
cblr-10941	669	9	race	race	NOUN
cblr-10941	669	10	that	that	PRON
cblr-10941	669	11	became	became	AUX
cblr-10941	669	12	known	know	VERB
cblr-10941	669	13	as	as	ADP
cblr-10941	669	14	the	the	DET
cblr-10941	669	15	urban	urban	ADJ
cblr-10941	669	16	challenge.194	challenge.194	PROPN
cblr-10941	669	17	vehicles	vehicle	NOUN
cblr-10941	669	18	competing	compete	VERB
cblr-10941	669	19	in	in	ADP
cblr-10941	669	20	the	the	DET
cblr-10941	669	21	urban	urban	ADJ
cblr-10941	669	22	challenge	challenge	NOUN
cblr-10941	669	23	had	have	VERB
cblr-10941	669	24	to	to	PART
cblr-10941	669	25	navigate	navigate	VERB
cblr-10941	669	26	intersections	intersection	NOUN
cblr-10941	669	27	,	,	PUNCT
cblr-10941	669	28	merges	merge	NOUN
cblr-10941	669	29	,	,	PUNCT
cblr-10941	669	30	u	u	NOUN
cblr-10941	669	31	-	-	NOUN
cblr-10941	669	32	turns	turn	NOUN
cblr-10941	669	33	,	,	PUNCT
cblr-10941	669	34	and	and	CCONJ
cblr-10941	669	35	parking	parking	NOUN
cblr-10941	669	36	—	—	PUNCT
cblr-10941	669	37	all	all	PRON
cblr-10941	669	38	while	while	SCONJ
cblr-10941	669	39	complying	comply	VERB
cblr-10941	669	40	with	with	ADP
cblr-10941	669	41	california	california	PROPN
cblr-10941	669	42	traffic	traffic	NOUN
cblr-10941	669	43	law.195	law.195	PROPN
cblr-10941	669	44	the	the	DET
cblr-10941	669	45	prize	prize	NOUN
cblr-10941	669	46	was	be	AUX
cblr-10941	669	47	again	again	ADV
cblr-10941	669	48	$	$	SYM
cblr-10941	669	49	2	2	NUM
cblr-10941	669	50	million.196	million.196	NOUN
cblr-10941	669	51	but	but	CCONJ
cblr-10941	669	52	this	this	DET
cblr-10941	669	53	time	time	NOUN
cblr-10941	669	54	darpa	darpa	PROPN
cblr-10941	669	55	provided	provide	VERB
cblr-10941	669	56	some	some	DET
cblr-10941	669	57	upfront	upfront	ADJ
cblr-10941	669	58	development	development	NOUN
cblr-10941	669	59	funding	funding	NOUN
cblr-10941	669	60	to	to	ADP
cblr-10941	669	61	the	the	DET
cblr-10941	669	62	arpa/15	arpa/15	ADJ
cblr-10941	669	63	-	-	PUNCT
cblr-10941	669	64	f-0059_gc_2004_final_rpt_7	f-0059_gc_2004_final_rpt_7	ADJ
cblr-10941	669	65	-	-	PUNCT
cblr-10941	669	66	30	30	NUM
cblr-10941	669	67	-	-	NUM
cblr-10941	669	68	2004.pdf	2004.pdf	NUM
cblr-10941	669	69	[	[	X
cblr-10941	669	70	https://perma.cc/6uqt-v7zp	https://perma.cc/6uqt-v7zp	NOUN
cblr-10941	669	71	]	]	X
cblr-10941	669	72	.	.	PUNCT
cblr-10941	670	1	191	191	NUM
cblr-10941	670	2	the	the	DET
cblr-10941	670	3	grand	grand	ADJ
cblr-10941	670	4	challenge	challenge	NOUN
cblr-10941	670	5	,	,	PUNCT
cblr-10941	670	6	def	def	PROPN
cblr-10941	670	7	.	.	PUNCT
cblr-10941	670	8	advanced	advanced	ADJ
cblr-10941	670	9	rsch	rsch	NOUN
cblr-10941	670	10	.	.	PUNCT
cblr-10941	671	1	projects	project	NOUN
cblr-10941	671	2	agency	agency	NOUN
cblr-10941	671	3	,	,	PUNCT
cblr-10941	671	4	https://www.darpa.mil/about-us/timeline/-grand-challenge-forautonomous-vehicles	https://www.darpa.mil/about-us/timeline/-grand-challenge-forautonomous-vehicles	PROPN
cblr-10941	671	5	(	(	PUNCT
cblr-10941	671	6	last	last	ADJ
cblr-10941	671	7	visited	visit	VERB
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cblr-10941	672	1	[	[	X
cblr-10941	672	2	https://perma.cc/r4wkmffm	https://perma.cc/r4wkmffm	NOUN
cblr-10941	672	3	]	]	PUNCT
cblr-10941	672	4	.	.	PUNCT
cblr-10941	673	1	192	192	NUM
cblr-10941	673	2	see	see	VERB
cblr-10941	673	3	stanford	stanford	PROPN
cblr-10941	673	4	team	team	PROPN
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cblr-10941	673	6	robot	robot	NOUN
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cblr-10941	673	8	,	,	PUNCT
cblr-10941	673	9	nbc	nbc	PROPN
cblr-10941	673	10	news	news	PROPN
cblr-10941	673	11	(	(	PUNCT
cblr-10941	673	12	oct	oct	PROPN
cblr-10941	673	13	.	.	PROPN
cblr-10941	673	14	7	7	NUM
cblr-10941	673	15	,	,	PUNCT
cblr-10941	673	16	2005	2005	NUM
cblr-10941	673	17	,	,	PUNCT
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cblr-10941	673	19	pm	pm	NOUN
cblr-10941	673	20	)	)	PUNCT
cblr-10941	673	21	,	,	PUNCT
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cblr-10941	673	23	,	,	PUNCT
cblr-10941	673	24	[	[	X
cblr-10941	673	25	https://perma.cc/v3agf9fd	https://perma.cc/v3agf9fd	X
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cblr-10941	673	27	.	.	PUNCT
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cblr-10941	675	10	darpa	darpa	ADJ
cblr-10941	675	11	urban	urban	ADJ
cblr-10941	675	12	challenge	challenge	NOUN
cblr-10941	675	13	,	,	PUNCT
cblr-10941	675	14	ieee	ieee	NOUN
cblr-10941	675	15	spectrum	spectrum	NOUN
cblr-10941	675	16	(	(	PUNCT
cblr-10941	675	17	nov	nov	PROPN
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cblr-10941	675	19	1	1	NUM
cblr-10941	675	20	,	,	PUNCT
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cblr-10941	675	22	)	)	PUNCT
cblr-10941	675	23	,	,	PUNCT
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cblr-10941	676	1	[	[	X
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cblr-10941	676	4	.	.	PUNCT
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cblr-10941	677	10	to	to	ADP
cblr-10941	677	11	a	a	DET
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cblr-10941	677	14	,	,	PUNCT
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cblr-10941	678	2	.	.	PUNCT
cblr-10941	679	1	(	(	PUNCT
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cblr-10941	679	8	,	,	PUNCT
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cblr-10941	681	1	[	[	X
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cblr-10941	681	4	]	]	PUNCT
cblr-10941	681	5	.	.	PUNCT
cblr-10941	682	1	no	no	INTJ
cblr-10941	682	2	.	.	PUNCT
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cblr-10941	683	9	the	the	DET
cblr-10941	683	10	course.198	course.198	NOUN
cblr-10941	683	11	carnegie	carnegie	NOUN
cblr-10941	683	12	mellon	mellon	PROPN
cblr-10941	683	13	won	win	VERB
cblr-10941	683	14	the	the	DET
cblr-10941	683	15	prize.199	prize.199	NOUN
cblr-10941	683	16	the	the	DET
cblr-10941	683	17	darpa	darpa	ADJ
cblr-10941	683	18	challenges	challenge	NOUN
cblr-10941	683	19	attracted	attract	VERB
cblr-10941	683	20	the	the	DET
cblr-10941	683	21	attention	attention	NOUN
cblr-10941	683	22	of	of	ADP
cblr-10941	683	23	sergey	sergey	PROPN
cblr-10941	683	24	brin	brin	PROPN
cblr-10941	683	25	and	and	CCONJ
cblr-10941	683	26	larry	larry	PROPN
cblr-10941	683	27	page	page	NOUN
cblr-10941	683	28	,	,	PUNCT
cblr-10941	683	29	the	the	DET
cblr-10941	683	30	founders	founder	NOUN
cblr-10941	683	31	of	of	ADP
cblr-10941	683	32	google	google	PROPN
cblr-10941	683	33	.	.	PUNCT
cblr-10941	684	1	they	they	PRON
cblr-10941	684	2	had	have	AUX
cblr-10941	684	3	attended	attend	VERB
cblr-10941	684	4	the	the	DET
cblr-10941	684	5	second	second	ADJ
cblr-10941	684	6	grand	grand	ADJ
cblr-10941	684	7	challenge	challenge	NOUN
cblr-10941	684	8	in	in	ADP
cblr-10941	684	9	disguises.200	disguises.200	PROPN
cblr-10941	684	10	the	the	DET
cblr-10941	684	11	success	success	NOUN
cblr-10941	684	12	of	of	ADP
cblr-10941	684	13	the	the	DET
cblr-10941	684	14	urban	urban	ADJ
cblr-10941	684	15	challenge	challenge	NOUN
cblr-10941	684	16	raised	raise	VERB
cblr-10941	684	17	the	the	DET
cblr-10941	684	18	possibility	possibility	NOUN
cblr-10941	684	19	of	of	ADP
cblr-10941	684	20	developing	develop	VERB
cblr-10941	684	21	robotic	robotic	ADJ
cblr-10941	684	22	vehicles	vehicle	NOUN
cblr-10941	684	23	for	for	ADP
cblr-10941	684	24	civilian	civilian	ADJ
cblr-10941	684	25	driving	driving	NOUN
cblr-10941	684	26	.	.	PUNCT
cblr-10941	685	1	in	in	ADP
cblr-10941	685	2	2009	2009	NUM
cblr-10941	685	3	,	,	PUNCT
cblr-10941	685	4	google	google	PROPN
cblr-10941	685	5	quietly	quietly	ADV
cblr-10941	685	6	assembled	assemble	VERB
cblr-10941	685	7	a	a	DET
cblr-10941	685	8	team	team	NOUN
cblr-10941	685	9	of	of	ADP
cblr-10941	685	10	engineers	engineer	NOUN
cblr-10941	685	11	,	,	PUNCT
cblr-10941	685	12	led	lead	VERB
cblr-10941	685	13	by	by	ADP
cblr-10941	685	14	alums	alum	NOUN
cblr-10941	685	15	of	of	ADP
cblr-10941	685	16	the	the	DET
cblr-10941	685	17	darpa	darpa	ADJ
cblr-10941	685	18	challenges	challenge	NOUN
cblr-10941	685	19	,	,	PUNCT
cblr-10941	685	20	to	to	PART
cblr-10941	685	21	explore	explore	VERB
cblr-10941	685	22	whether	whether	SCONJ
cblr-10941	685	23	av	av	PRON
cblr-10941	685	24	technology	technology	NOUN
cblr-10941	685	25	could	could	AUX
cblr-10941	685	26	be	be	AUX
cblr-10941	685	27	commercialized.201	commercialized.201	VERB
cblr-10941	685	28	in	in	ADP
cblr-10941	685	29	2010	2010	NUM
cblr-10941	685	30	,	,	PUNCT
cblr-10941	685	31	a	a	DET
cblr-10941	685	32	new	new	PROPN
cblr-10941	685	33	york	york	PROPN
cblr-10941	685	34	times	times	PROPN
cblr-10941	685	35	reporter	reporter	NOUN
cblr-10941	685	36	discovered	discover	VERB
cblr-10941	685	37	the	the	DET
cblr-10941	685	38	program	program	NOUN
cblr-10941	685	39	,	,	PUNCT
cblr-10941	685	40	known	know	VERB
cblr-10941	685	41	as	as	ADP
cblr-10941	685	42	project	project	NOUN
cblr-10941	685	43	chauffeur.202	chauffeur.202	PROPN
cblr-10941	685	44	the	the	DET
cblr-10941	685	45	race	race	NOUN
cblr-10941	685	46	to	to	PART
cblr-10941	685	47	build	build	VERB
cblr-10941	685	48	avs	avs	PROPN
cblr-10941	685	49	had	have	AUX
cblr-10941	685	50	begun	begin	VERB
cblr-10941	685	51	.	.	PUNCT
cblr-10941	686	1	in	in	ADP
cblr-10941	686	2	the	the	DET
cblr-10941	686	3	early	early	ADJ
cblr-10941	686	4	2010s	2010s	NUM
cblr-10941	686	5	,	,	PUNCT
cblr-10941	686	6	google	google	PROPN
cblr-10941	686	7	and	and	CCONJ
cblr-10941	686	8	the	the	DET
cblr-10941	686	9	automakers	automaker	NOUN
cblr-10941	686	10	took	take	VERB
cblr-10941	686	11	different	different	ADJ
cblr-10941	686	12	approaches	approach	NOUN
cblr-10941	686	13	to	to	ADP
cblr-10941	686	14	developing	develop	VERB
cblr-10941	686	15	av	av	PROPN
cblr-10941	686	16	technology	technology	NOUN
cblr-10941	686	17	.	.	PUNCT
cblr-10941	687	1	google	google	PROPN
cblr-10941	687	2	worked	work	VERB
cblr-10941	687	3	to	to	PART
cblr-10941	687	4	develop	develop	VERB
cblr-10941	687	5	fully	fully	ADV
cblr-10941	687	6	autonomous	autonomous	ADJ
cblr-10941	687	7	vehicles	vehicle	NOUN
cblr-10941	687	8	.	.	PUNCT
cblr-10941	688	1	the	the	DET
cblr-10941	688	2	company	company	NOUN
cblr-10941	688	3	decided	decide	VERB
cblr-10941	688	4	on	on	ADP
cblr-10941	688	5	that	that	DET
cblr-10941	688	6	approach	approach	NOUN
cblr-10941	688	7	after	after	ADP
cblr-10941	688	8	a	a	DET
cblr-10941	688	9	brief	brief	ADJ
cblr-10941	688	10	experiment	experiment	NOUN
cblr-10941	688	11	in	in	ADP
cblr-10941	688	12	which	which	PRON
cblr-10941	688	13	it	it	PRON
cblr-10941	688	14	let	let	VERB
cblr-10941	688	15	employees	employee	NOUN
cblr-10941	688	16	test	test	VERB
cblr-10941	688	17	partially	partially	ADV
cblr-10941	688	18	autonomous	autonomous	ADJ
cblr-10941	688	19	prototype	prototype	NOUN
cblr-10941	688	20	vehicles	vehicle	NOUN
cblr-10941	688	21	on	on	ADP
cblr-10941	688	22	197	197	NUM
cblr-10941	688	23	david	david	PROPN
cblr-10941	688	24	orenstein	orenstein	PROPN
cblr-10941	688	25	,	,	PUNCT
cblr-10941	688	26	enter	enter	VERB
cblr-10941	688	27	“	"	PUNCT
cblr-10941	688	28	junior	junior	ADJ
cblr-10941	688	29	”	"	PUNCT
cblr-10941	688	30	:	:	PUNCT
cblr-10941	688	31	stanford	stanford	PROPN
cblr-10941	688	32	team	team	PROPN
cblr-10941	688	33	’s	’s	PART
cblr-10941	688	34	next	next	ADJ
cblr-10941	688	35	-	-	PUNCT
cblr-10941	688	36	generation	generation	NOUN
cblr-10941	688	37	robot	robot	NOUN
cblr-10941	688	38	joins	join	VERB
cblr-10941	688	39	darpa	darpa	ADJ
cblr-10941	688	40	urban	urban	ADJ
cblr-10941	688	41	challenge	challenge	NOUN
cblr-10941	688	42	,	,	PUNCT
cblr-10941	688	43	stanford	stanford	PROPN
cblr-10941	688	44	univ	univ	PROPN
cblr-10941	688	45	.	.	PUNCT
cblr-10941	689	1	(	(	PUNCT
cblr-10941	689	2	feb	feb	PROPN
cblr-10941	689	3	.	.	PROPN
cblr-10941	689	4	12	12	NUM
cblr-10941	689	5	,	,	PUNCT
cblr-10941	689	6	2007	2007	NUM
cblr-10941	689	7	)	)	PUNCT
cblr-10941	689	8	,	,	PUNCT
cblr-10941	689	9	https://news.stanford.edu/pr/2007/pr-junior-021407.html	https://news.stanford.edu/pr/2007/pr-junior-021407.html	PROPN
cblr-10941	690	1	[	[	X
cblr-10941	690	2	https://perma.cc/p22g-p6f2	https://perma.cc/p22g-p6f2	X
cblr-10941	690	3	]	]	PUNCT
cblr-10941	690	4	.	.	PUNCT
cblr-10941	691	1	198	198	NUM
cblr-10941	691	2	mike	mike	PROPN
cblr-10941	691	3	hanlon	hanlon	NOUN
cblr-10941	691	4	,	,	PUNCT
cblr-10941	691	5	six	six	NUM
cblr-10941	691	6	teams	team	NOUN
cblr-10941	691	7	finish	finish	VERB
cblr-10941	691	8	the	the	DET
cblr-10941	691	9	darpa	darpa	PROPN
cblr-10941	691	10	urban	urban	ADJ
cblr-10941	691	11	challenge	challenge	NOUN
cblr-10941	691	12	,	,	PUNCT
cblr-10941	691	13	new	new	ADJ
cblr-10941	691	14	atlas	atlas	PROPN
cblr-10941	691	15	(	(	PUNCT
cblr-10941	691	16	nov	nov	PROPN
cblr-10941	691	17	.	.	PROPN
cblr-10941	691	18	3	3	NUM
cblr-10941	691	19	,	,	PUNCT
cblr-10941	691	20	2007	2007	NUM
cblr-10941	691	21	)	)	PUNCT
cblr-10941	691	22	,	,	PUNCT
cblr-10941	691	23	https://newatlas.com/six-teams-finish-the-darpaurban-challenge/8288/	https://newatlas.com/six-teams-finish-the-darpaurban-challenge/8288/	NOUN
cblr-10941	692	1	[	[	X
cblr-10941	692	2	https://perma.cc/7k7n-3yj9	https://perma.cc/7k7n-3yj9	PROPN
cblr-10941	692	3	]	]	X
cblr-10941	692	4	.	.	PUNCT
cblr-10941	693	1	199	199	NUM
cblr-10941	693	2	byron	byron	PROPN
cblr-10941	693	3	spice	spice	PROPN
cblr-10941	693	4	&	&	CCONJ
cblr-10941	693	5	anne	anne	PROPN
cblr-10941	693	6	watzman	watzman	PROPN
cblr-10941	693	7	,	,	PUNCT
cblr-10941	693	8	carnegie	carnegie	PROPN
cblr-10941	693	9	mellon	mellon	PROPN
cblr-10941	693	10	tartan	tartan	PROPN
cblr-10941	693	11	racing	racing	NOUN
cblr-10941	693	12	wins	win	VERB
cblr-10941	693	13	$	$	SYM
cblr-10941	693	14	2	2	NUM
cblr-10941	693	15	million	million	NUM
cblr-10941	693	16	darpa	darpa	ADJ
cblr-10941	693	17	urban	urban	ADJ
cblr-10941	693	18	challenge	challenge	NOUN
cblr-10941	693	19	,	,	PUNCT
cblr-10941	693	20	carnegie	carnegie	PROPN
cblr-10941	693	21	mellon	mellon	PROPN
cblr-10941	693	22	univ	univ	PROPN
cblr-10941	693	23	.	.	PUNCT
cblr-10941	694	1	(	(	PUNCT
cblr-10941	694	2	nov	nov	PROPN
cblr-10941	694	3	.	.	PROPN
cblr-10941	694	4	4	4	NUM
cblr-10941	694	5	,	,	PUNCT
cblr-10941	694	6	2007	2007	NUM
cblr-10941	694	7	)	)	PUNCT
cblr-10941	694	8	,	,	PUNCT
cblr-10941	694	9	https://www.cmu.edu/news/archive/2007/november/nov4_tartanracingwins	https://www.cmu.edu/news/archive/2007/november/nov4_tartanracingwin	NOUN
cblr-10941	694	10	.shtml	.shtml	PUNCT
cblr-10941	695	1	[	[	X
cblr-10941	695	2	https://perma.cc/ek9l-vkrk	https://perma.cc/ek9l-vkrk	X
cblr-10941	695	3	]	]	PUNCT
cblr-10941	695	4	.	.	PUNCT
cblr-10941	696	1	200	200	NUM
cblr-10941	696	2	arjun	arjun	PROPN
cblr-10941	696	3	kharpal	kharpal	NOUN
cblr-10941	696	4	,	,	PUNCT
cblr-10941	696	5	google	google	PROPN
cblr-10941	696	6	’s	’s	PART
cblr-10941	696	7	larry	larry	PROPN
cblr-10941	696	8	page	page	NOUN
cblr-10941	696	9	disguised	disguise	VERB
cblr-10941	696	10	himself	himself	PRON
cblr-10941	696	11	during	during	ADP
cblr-10941	696	12	a	a	DET
cblr-10941	696	13	driverless	driverless	ADJ
cblr-10941	696	14	car	car	NOUN
cblr-10941	696	15	race	race	NOUN
cblr-10941	696	16	to	to	PART
cblr-10941	696	17	hire	hire	VERB
cblr-10941	696	18	the	the	DET
cblr-10941	696	19	founder	founder	NOUN
cblr-10941	696	20	of	of	ADP
cblr-10941	696	21	his	his	PRON
cblr-10941	696	22	moonshot	moonshot	NOUN
cblr-10941	696	23	lab	lab	NOUN
cblr-10941	696	24	,	,	PUNCT
cblr-10941	696	25	cnbc	cnbc	PROPN
cblr-10941	696	26	(	(	PUNCT
cblr-10941	696	27	july	july	PROPN
cblr-10941	696	28	31	31	NUM
cblr-10941	696	29	,	,	PUNCT
cblr-10941	696	30	2017	2017	NUM
cblr-10941	696	31	,	,	PUNCT
cblr-10941	696	32	7:49	7:49	NUM
cblr-10941	696	33	am	am	NOUN
cblr-10941	696	34	)	)	PUNCT
cblr-10941	696	35	,	,	PUNCT
cblr-10941	696	36	https://www.cnbc.com/2017/05/11/google-larry-pagemoonshot-lab.html	https://www.cnbc.com/2017/05/11/google-larry-pagemoonshot-lab.html	VERB
cblr-10941	697	1	[	[	X
cblr-10941	697	2	https://perma.cc/6mj2-zrlv	https://perma.cc/6mj2-zrlv	PROPN
cblr-10941	697	3	]	]	PUNCT
cblr-10941	697	4	.	.	PUNCT
cblr-10941	698	1	201	201	NUM
cblr-10941	698	2	dana	dana	PROPN
cblr-10941	698	3	hull	hull	PROPN
cblr-10941	698	4	,	,	PUNCT
cblr-10941	698	5	the	the	DET
cblr-10941	698	6	paypal	paypal	PROPN
cblr-10941	698	7	mafia	mafia	NOUN
cblr-10941	698	8	of	of	ADP
cblr-10941	698	9	self	self	NOUN
cblr-10941	698	10	-	-	PUNCT
cblr-10941	698	11	driving	drive	VERB
cblr-10941	698	12	cars	car	NOUN
cblr-10941	698	13	has	have	AUX
cblr-10941	698	14	been	be	AUX
cblr-10941	698	15	at	at	ADP
cblr-10941	698	16	it	it	PRON
cblr-10941	698	17	a	a	DET
cblr-10941	698	18	decade	decade	NOUN
cblr-10941	698	19	,	,	PUNCT
cblr-10941	698	20	bloomberg	bloomberg	PROPN
cblr-10941	698	21	(	(	PUNCT
cblr-10941	698	22	oct	oct	PROPN
cblr-10941	698	23	.	.	PROPN
cblr-10941	698	24	30	30	NUM
cblr-10941	698	25	,	,	PUNCT
cblr-10941	698	26	2017	2017	NUM
cblr-10941	698	27	,	,	PUNCT
cblr-10941	698	28	5:00	5:00	NUM
cblr-10941	698	29	am	am	NOUN
cblr-10941	698	30	)	)	PUNCT
cblr-10941	698	31	,	,	PUNCT
cblr-10941	698	32	https://www.bloomberg.com/news/features/2017-10-30/it-s-been-10-yearssince-robots-proved-they-could-drive	https://www.bloomberg.com/news/features/2017-10-30/it-s-been-10-yearssince-robots-proved-they-could-drive	ADJ
cblr-10941	698	33	[	[	X
cblr-10941	698	34	https://perma.cc/ly2m-5pak	https://perma.cc/ly2m-5pak	X
cblr-10941	698	35	]	]	X
cblr-10941	698	36	(	(	PUNCT
cblr-10941	698	37	discussing	discuss	VERB
cblr-10941	698	38	how	how	SCONJ
cblr-10941	698	39	seven	seven	NUM
cblr-10941	698	40	engineers	engineer	NOUN
cblr-10941	698	41	who	who	PRON
cblr-10941	698	42	were	be	AUX
cblr-10941	698	43	part	part	NOUN
cblr-10941	698	44	of	of	ADP
cblr-10941	698	45	the	the	DET
cblr-10941	698	46	stanford	stanford	PROPN
cblr-10941	698	47	and	and	CCONJ
cblr-10941	698	48	carnegie	carnegie	PROPN
cblr-10941	698	49	mellon	mellon	PROPN
cblr-10941	698	50	darpa	darpa	PROPN
cblr-10941	698	51	challenge	challenge	PROPN
cblr-10941	698	52	teams	team	NOUN
cblr-10941	698	53	worked	work	VERB
cblr-10941	698	54	on	on	ADP
cblr-10941	698	55	google	google	PROPN
cblr-10941	698	56	’s	’s	PART
cblr-10941	698	57	av	av	PROPN
cblr-10941	698	58	project	project	NOUN
cblr-10941	698	59	)	)	PUNCT
cblr-10941	698	60	.	.	PUNCT
cblr-10941	699	1	202	202	NUM
cblr-10941	699	2	markoff	markoff	NOUN
cblr-10941	699	3	,	,	PUNCT
cblr-10941	699	4	supra	supra	PROPN
cblr-10941	699	5	note	note	NOUN
cblr-10941	699	6	40	40	NUM
cblr-10941	699	7	.	.	PUNCT
cblr-10941	700	1	see	see	VERB
cblr-10941	700	2	also	also	ADV
cblr-10941	700	3	infra	infra	NOUN
cblr-10941	700	4	note	note	VERB
cblr-10941	700	5	220	220	NUM
cblr-10941	700	6	.	.	PUNCT
cblr-10941	701	1	902	902	NUM
cblr-10941	701	2	columbia	columbia	PROPN
cblr-10941	701	3	business	business	PROPN
cblr-10941	701	4	law	law	PROPN
cblr-10941	701	5	review	review	NOUN
cblr-10941	701	6	[	[	X
cblr-10941	701	7	vol	vol	NOUN
cblr-10941	701	8	.	.	PUNCT
cblr-10941	701	9	2022	2022	NUM
cblr-10941	701	10	public	public	ADJ
cblr-10941	701	11	roads.203	roads.203	ADJ
cblr-10941	701	12	employees	employee	NOUN
cblr-10941	701	13	were	be	AUX
cblr-10941	701	14	caught	catch	VERB
cblr-10941	701	15	on	on	ADP
cblr-10941	701	16	video	video	NOUN
cblr-10941	701	17	“	"	PUNCT
cblr-10941	701	18	napping	nap	VERB
cblr-10941	701	19	,	,	PUNCT
cblr-10941	701	20	putting	put	VERB
cblr-10941	701	21	on	on	ADP
cblr-10941	701	22	makeup	makeup	NOUN
cblr-10941	701	23	and	and	CCONJ
cblr-10941	701	24	fiddling	fiddle	VERB
cblr-10941	701	25	with	with	ADP
cblr-10941	701	26	their	their	PRON
cblr-10941	701	27	phones	phone	NOUN
cblr-10941	701	28	as	as	SCONJ
cblr-10941	701	29	the	the	DET
cblr-10941	701	30	vehicles	vehicle	NOUN
cblr-10941	701	31	traveled	travel	VERB
cblr-10941	701	32	up	up	ADP
cblr-10941	701	33	to	to	ADP
cblr-10941	701	34	56	56	NUM
cblr-10941	701	35	[	[	NOUN
cblr-10941	701	36	miles	mile	NOUN
cblr-10941	701	37	per	per	ADV
cblr-10941	701	38	hour].”204	hour].”204	AUX
cblr-10941	701	39	google	google	PROPN
cblr-10941	701	40	abruptly	abruptly	ADV
cblr-10941	701	41	cancelled	cancel	VERB
cblr-10941	701	42	the	the	DET
cblr-10941	701	43	experiment	experiment	NOUN
cblr-10941	701	44	and	and	CCONJ
cblr-10941	701	45	committed	commit	VERB
cblr-10941	701	46	to	to	ADP
cblr-10941	701	47	full	full	ADJ
cblr-10941	701	48	autonomy	autonomy	NOUN
cblr-10941	701	49	.	.	PUNCT
cblr-10941	702	1	it	it	PRON
cblr-10941	702	2	even	even	ADV
cblr-10941	702	3	designed	design	VERB
cblr-10941	702	4	a	a	DET
cblr-10941	702	5	car	car	NOUN
cblr-10941	702	6	that	that	PRON
cblr-10941	702	7	did	do	AUX
cblr-10941	702	8	n’t	not	PART
cblr-10941	702	9	need	need	VERB
cblr-10941	702	10	a	a	DET
cblr-10941	702	11	steering	steering	NOUN
cblr-10941	702	12	wheel	wheel	NOUN
cblr-10941	702	13	or	or	CCONJ
cblr-10941	702	14	brake	brake	NOUN
cblr-10941	702	15	pedals.205	pedals.205	VERB
cblr-10941	702	16	the	the	DET
cblr-10941	702	17	automakers	automaker	NOUN
cblr-10941	702	18	kept	keep	VERB
cblr-10941	702	19	developing	develop	VERB
cblr-10941	702	20	partially	partially	ADV
cblr-10941	702	21	autonomous	autonomous	ADJ
cblr-10941	702	22	vehicles	vehicle	NOUN
cblr-10941	702	23	.	.	PUNCT
cblr-10941	703	1	they	they	PRON
cblr-10941	703	2	envisioned	envision	VERB
cblr-10941	703	3	that	that	SCONJ
cblr-10941	703	4	advanced	advanced	ADJ
cblr-10941	703	5	driver	driver	NOUN
cblr-10941	703	6	-	-	PUNCT
cblr-10941	703	7	assistance	assistance	NOUN
cblr-10941	703	8	systems	system	NOUN
cblr-10941	703	9	(	(	PUNCT
cblr-10941	703	10	adas)—features	adas)—feature	VERB
cblr-10941	703	11	like	like	ADP
cblr-10941	703	12	adaptive	adaptive	ADJ
cblr-10941	703	13	cruise	cruise	NOUN
cblr-10941	703	14	control	control	NOUN
cblr-10941	703	15	,	,	PUNCT
cblr-10941	703	16	collision	collision	NOUN
cblr-10941	703	17	avoidance	avoidance	NOUN
cblr-10941	703	18	,	,	PUNCT
cblr-10941	703	19	and	and	CCONJ
cblr-10941	703	20	lane	lane	NOUN
cblr-10941	703	21	centering	centering	NOUN
cblr-10941	703	22	—	—	PUNCT
cblr-10941	703	23	would	would	AUX
cblr-10941	703	24	gradually	gradually	ADV
cblr-10941	703	25	take	take	VERB
cblr-10941	703	26	over	over	ADP
cblr-10941	703	27	more	more	ADJ
cblr-10941	703	28	driving	driving	NOUN
cblr-10941	703	29	tasks	task	NOUN
cblr-10941	703	30	from	from	ADP
cblr-10941	703	31	the	the	DET
cblr-10941	703	32	human	human	PROPN
cblr-10941	703	33	driver.206	driver.206	PROPN
cblr-10941	703	34	google	google	PROPN
cblr-10941	703	35	and	and	CCONJ
cblr-10941	703	36	the	the	DET
cblr-10941	703	37	automakers	automaker	NOUN
cblr-10941	703	38	also	also	ADV
cblr-10941	703	39	disagreed	disagree	VERB
cblr-10941	703	40	about	about	ADP
cblr-10941	703	41	how	how	SCONJ
cblr-10941	703	42	to	to	PART
cblr-10941	703	43	deploy	deploy	VERB
cblr-10941	703	44	avs	avs	PROPN
cblr-10941	703	45	.	.	PUNCT
cblr-10941	704	1	at	at	ADP
cblr-10941	704	2	the	the	DET
cblr-10941	704	3	time	time	NOUN
cblr-10941	704	4	,	,	PUNCT
cblr-10941	704	5	ridehailing	ridehaile	VERB
cblr-10941	704	6	services	service	NOUN
cblr-10941	704	7	like	like	ADP
cblr-10941	704	8	uber	uber	NOUN
cblr-10941	704	9	and	and	CCONJ
cblr-10941	704	10	lyft	lyft	NOUN
cblr-10941	704	11	were	be	AUX
cblr-10941	704	12	growing	grow	VERB
cblr-10941	704	13	rapidly.207	rapidly.207	NOUN
cblr-10941	704	14	google	google	PROPN
cblr-10941	704	15	planned	plan	VERB
cblr-10941	704	16	to	to	PART
cblr-10941	704	17	deploy	deploy	VERB
cblr-10941	704	18	its	its	PRON
cblr-10941	704	19	avs	avs	NOUN
cblr-10941	704	20	in	in	ADP
cblr-10941	704	21	an	an	DET
cblr-10941	704	22	autonomous	autonomous	ADJ
cblr-10941	704	23	ridehailing	ridehailing	NOUN
cblr-10941	704	24	or	or	CCONJ
cblr-10941	704	25	“	"	PUNCT
cblr-10941	704	26	robotaxi	robotaxi	NOUN
cblr-10941	704	27	”	"	PUNCT
cblr-10941	704	28	service.208	service.208	NOUN
cblr-10941	704	29	the	the	DET
cblr-10941	704	30	automakers	automaker	NOUN
cblr-10941	704	31	planned	plan	VERB
cblr-10941	704	32	to	to	PART
cblr-10941	704	33	keep	keep	VERB
cblr-10941	704	34	selling	sell	VERB
cblr-10941	704	35	vehicles	vehicle	NOUN
cblr-10941	704	36	,	,	PUNCT
cblr-10941	704	37	rather	rather	ADV
cblr-10941	704	38	than	than	ADP
cblr-10941	704	39	203	203	NUM
cblr-10941	704	40	see	see	NOUN
cblr-10941	704	41	paresh	paresh	PROPN
cblr-10941	704	42	dave	dave	PROPN
cblr-10941	704	43	,	,	PUNCT
cblr-10941	704	44	google	google	PROPN
cblr-10941	704	45	ditched	ditched	ADJ
cblr-10941	704	46	autopilot	autopilot	NOUN
cblr-10941	704	47	driving	drive	VERB
cblr-10941	704	48	feature	feature	NOUN
cblr-10941	704	49	after	after	SCONJ
cblr-10941	704	50	test	test	NOUN
cblr-10941	704	51	user	user	NOUN
cblr-10941	704	52	napped	nap	VERB
cblr-10941	704	53	behind	behind	ADP
cblr-10941	704	54	wheel	wheel	NOUN
cblr-10941	704	55	,	,	PUNCT
cblr-10941	704	56	reuters	reuters	PROPN
cblr-10941	704	57	(	(	PUNCT
cblr-10941	704	58	oct	oct	PROPN
cblr-10941	704	59	.	.	PROPN
cblr-10941	704	60	31	31	NUM
cblr-10941	704	61	,	,	PUNCT
cblr-10941	704	62	2017	2017	NUM
cblr-10941	704	63	)	)	PUNCT
cblr-10941	704	64	,	,	PUNCT
cblr-10941	704	65	https://www.reuters.com/article/us-alphabet-autos-self-driving/googleditched-autopilot-driving-feature-after-test-user-napped-behind-wheeliduskbn1d00md	https://www.reuters.com/article/us-alphabet-autos-self-driving/googleditched-autopilot-driving-feature-after-test-user-napped-behind-wheeliduskbn1d00md	PROPN
cblr-10941	704	66	.	.	PROPN
cblr-10941	704	67	.	.	PUNCT
cblr-10941	704	68	.il=0	.il=0	PUNCT
cblr-10941	705	1	[	[	X
cblr-10941	705	2	https://perma.cc/vpf6-6gqz	https://perma.cc/vpf6-6gqz	X
cblr-10941	705	3	]	]	X
cblr-10941	705	4	.	.	PUNCT
cblr-10941	706	1	204	204	NUM
cblr-10941	706	2	i	i	PRON
cblr-10941	706	3	d.	d.	PROPN
cblr-10941	706	4	205	205	NUM
cblr-10941	706	5	john	john	PROPN
cblr-10941	706	6	markoff	markoff	PROPN
cblr-10941	706	7	,	,	PUNCT
cblr-10941	706	8	google	google	PROPN
cblr-10941	706	9	’s	’s	PART
cblr-10941	706	10	next	next	ADJ
cblr-10941	706	11	phase	phase	NOUN
cblr-10941	706	12	in	in	ADP
cblr-10941	706	13	driverless	driverless	NOUN
cblr-10941	706	14	cars	car	NOUN
cblr-10941	706	15	:	:	PUNCT
cblr-10941	706	16	no	no	DET
cblr-10941	706	17	steering	steering	NOUN
cblr-10941	706	18	wheel	wheel	NOUN
cblr-10941	706	19	or	or	CCONJ
cblr-10941	706	20	brake	brake	NOUN
cblr-10941	706	21	pedals	pedal	NOUN
cblr-10941	706	22	,	,	PUNCT
cblr-10941	706	23	n.y	n.y	PROPN
cblr-10941	706	24	.	.	PROPN
cblr-10941	706	25	times	times	PROPN
cblr-10941	706	26	(	(	PUNCT
cblr-10941	706	27	may	may	PROPN
cblr-10941	706	28	27	27	NUM
cblr-10941	706	29	,	,	PUNCT
cblr-10941	706	30	2014	2014	NUM
cblr-10941	706	31	)	)	PUNCT
cblr-10941	706	32	,	,	PUNCT
cblr-10941	706	33	https://www.nytimes.com/2014/05/28/technology/googles-next-phase-indriverless-cars-no-brakes-or-steering-wheel.html	https://www.nytimes.com/2014/05/28/technology/googles-next-phase-indriverless-cars-no-brakes-or-steering-wheel.html	VERB
cblr-10941	707	1	[	[	X
cblr-10941	707	2	https://perma.cc/92adzw4n	https://perma.cc/92adzw4n	NOUN
cblr-10941	707	3	]	]	PUNCT
cblr-10941	707	4	.	.	PUNCT
cblr-10941	708	1	206	206	NUM
cblr-10941	708	2	see	see	VERB
cblr-10941	708	3	,	,	PUNCT
cblr-10941	708	4	e.g.	e.g.	ADV
cblr-10941	708	5	,	,	PUNCT
cblr-10941	708	6	toyota	toyota	PROPN
cblr-10941	708	7	to	to	PART
cblr-10941	708	8	launch	launch	VERB
cblr-10941	708	9	advanced	advanced	ADJ
cblr-10941	708	10	driving	driving	NOUN
cblr-10941	708	11	support	support	NOUN
cblr-10941	708	12	system	system	NOUN
cblr-10941	708	13	using	use	VERB
cblr-10941	708	14	automated	automate	VERB
cblr-10941	708	15	driving	driving	NOUN
cblr-10941	708	16	technologies	technology	NOUN
cblr-10941	708	17	in	in	ADP
cblr-10941	708	18	mid-2010s	mid-2010s	PROPN
cblr-10941	708	19	,	,	PUNCT
cblr-10941	708	20	toyota	toyota	PROPN
cblr-10941	708	21	(	(	PUNCT
cblr-10941	708	22	oct	oct	PROPN
cblr-10941	708	23	.	.	PROPN
cblr-10941	708	24	10	10	NUM
cblr-10941	708	25	,	,	PUNCT
cblr-10941	708	26	2013	2013	NUM
cblr-10941	708	27	)	)	PUNCT
cblr-10941	708	28	,	,	PUNCT
cblr-10941	708	29	https://pressroom.toyota.com/toyota-advanced-driving-support-systemtechnology/	https://pressroom.toyota.com/toyota-advanced-driving-support-systemtechnology/	PROPN
cblr-10941	709	1	[	[	X
cblr-10941	709	2	https://perma.cc/u6d6-2rtv	https://perma.cc/u6d6-2rtv	X
cblr-10941	709	3	]	]	X
cblr-10941	709	4	.	.	PUNCT
cblr-10941	710	1	207	207	NUM
cblr-10941	710	2	see	see	VERB
cblr-10941	710	3	lawrence	lawrence	PROPN
cblr-10941	710	4	d.	d.	PROPN
cblr-10941	710	5	burns	burns	PROPN
cblr-10941	710	6	&	&	CCONJ
cblr-10941	710	7	christopher	christopher	PROPN
cblr-10941	710	8	shulgan	shulgan	PROPN
cblr-10941	710	9	,	,	PUNCT
cblr-10941	710	10	autonomy	autonomy	NOUN
cblr-10941	710	11	246	246	NUM
cblr-10941	710	12	–	–	PUNCT
cblr-10941	710	13	47	47	NUM
cblr-10941	710	14	(	(	PUNCT
cblr-10941	710	15	2018	2018	NUM
cblr-10941	710	16	)	)	PUNCT
cblr-10941	710	17	(	(	PUNCT
cblr-10941	710	18	explaining	explain	VERB
cblr-10941	710	19	how	how	SCONJ
cblr-10941	710	20	the	the	DET
cblr-10941	710	21	rise	rise	NOUN
cblr-10941	710	22	of	of	ADP
cblr-10941	710	23	uber	uber	NOUN
cblr-10941	710	24	and	and	CCONJ
cblr-10941	710	25	lyft	lyft	NOUN
cblr-10941	710	26	influenced	influence	VERB
cblr-10941	710	27	google	google	PROPN
cblr-10941	710	28	’s	’s	PART
cblr-10941	710	29	thinking	thinking	NOUN
cblr-10941	710	30	about	about	ADP
cblr-10941	710	31	how	how	SCONJ
cblr-10941	710	32	to	to	PART
cblr-10941	710	33	deploy	deploy	VERB
cblr-10941	710	34	avs	avs	PROPN
cblr-10941	710	35	)	)	PUNCT
cblr-10941	710	36	(	(	PUNCT
cblr-10941	710	37	on	on	ADP
cblr-10941	710	38	file	file	NOUN
cblr-10941	710	39	with	with	ADP
cblr-10941	710	40	the	the	DET
cblr-10941	710	41	columbia	columbia	PROPN
cblr-10941	710	42	business	business	PROPN
cblr-10941	710	43	law	law	PROPN
cblr-10941	710	44	review	review	PROPN
cblr-10941	710	45	)	)	PUNCT
cblr-10941	710	46	.	.	PUNCT
cblr-10941	711	1	208	208	NUM
cblr-10941	711	2	see	see	VERB
cblr-10941	711	3	i	i	PRON
cblr-10941	711	4	d.	d.	PROPN
cblr-10941	711	5	at	at	ADP
cblr-10941	711	6	246	246	NUM
cblr-10941	711	7	(	(	PUNCT
cblr-10941	711	8	recounting	recount	VERB
cblr-10941	711	9	that	that	SCONJ
cblr-10941	711	10	engineers	engineer	NOUN
cblr-10941	711	11	working	work	VERB
cblr-10941	711	12	on	on	ADP
cblr-10941	711	13	project	project	NOUN
cblr-10941	711	14	chauffeur	chauffeur	NOUN
cblr-10941	711	15	saw	see	VERB
cblr-10941	711	16	“	"	PUNCT
cblr-10941	711	17	on	on	ADP
cblr-10941	711	18	-	-	PUNCT
cblr-10941	711	19	demand	demand	NOUN
cblr-10941	711	20	mobility	mobility	NOUN
cblr-10941	711	21	”	"	PUNCT
cblr-10941	711	22	as	as	ADP
cblr-10941	711	23	the	the	DET
cblr-10941	711	24	goal	goal	NOUN
cblr-10941	711	25	)	)	PUNCT
cblr-10941	711	26	(	(	PUNCT
cblr-10941	711	27	on	on	ADP
cblr-10941	711	28	file	file	NOUN
cblr-10941	711	29	with	with	ADP
cblr-10941	711	30	the	the	DET
cblr-10941	711	31	columbia	columbia	PROPN
cblr-10941	711	32	business	business	PROPN
cblr-10941	711	33	law	law	PROPN
cblr-10941	711	34	review	review	PROPN
cblr-10941	711	35	)	)	PUNCT
cblr-10941	711	36	.	.	PUNCT
cblr-10941	712	1	no	no	INTJ
cblr-10941	712	2	.	.	PUNCT
cblr-10941	713	1	2:859	2:859	NUM
cblr-10941	713	2	]	]	PUNCT
cblr-10941	713	3	moonshots	moonshot	NOUN
cblr-10941	713	4	903	903	NUM
cblr-10941	713	5	rides.209	rides.209	VERB
cblr-10941	713	6	they	they	PRON
cblr-10941	713	7	had	have	AUX
cblr-10941	713	8	invested	invest	VERB
cblr-10941	713	9	decades	decade	NOUN
cblr-10941	713	10	of	of	ADP
cblr-10941	713	11	marketing	marketing	NOUN
cblr-10941	713	12	dollars	dollar	NOUN
cblr-10941	713	13	in	in	ADP
cblr-10941	713	14	the	the	DET
cblr-10941	713	15	idea	idea	NOUN
cblr-10941	713	16	of	of	ADP
cblr-10941	713	17	individual	individual	ADJ
cblr-10941	713	18	vehicle	vehicle	NOUN
cblr-10941	713	19	ownership	ownership	NOUN
cblr-10941	713	20	.	.	PUNCT
cblr-10941	714	1	and	and	CCONJ
cblr-10941	714	2	they	they	PRON
cblr-10941	714	3	had	have	AUX
cblr-10941	714	4	built	build	VERB
cblr-10941	714	5	up	up	ADP
cblr-10941	714	6	networks	network	NOUN
cblr-10941	714	7	of	of	ADP
cblr-10941	714	8	dealerships	dealership	NOUN
cblr-10941	714	9	that	that	SCONJ
cblr-10941	714	10	they	they	PRON
cblr-10941	714	11	were	be	AUX
cblr-10941	714	12	reluctant	reluctant	ADJ
cblr-10941	714	13	to	to	PART
cblr-10941	714	14	abandon	abandon	VERB
cblr-10941	714	15	.	.	PUNCT
cblr-10941	715	1	the	the	DET
cblr-10941	715	2	tech	tech	NOUN
cblr-10941	715	3	industry	industry	NOUN
cblr-10941	715	4	favored	favor	VERB
cblr-10941	715	5	google	google	PROPN
cblr-10941	715	6	’s	’s	PART
cblr-10941	715	7	direct	direct	ADJ
cblr-10941	715	8	-	-	PUNCT
cblr-10941	715	9	to	to	ADP
cblr-10941	715	10	-	-	PUNCT
cblr-10941	715	11	full	full	ADJ
cblr-10941	715	12	-	-	PUNCT
cblr-10941	715	13	autonomy	autonomy	NOUN
cblr-10941	715	14	approach	approach	NOUN
cblr-10941	715	15	.	.	PUNCT
cblr-10941	716	1	vcs	vcs	PROPN
cblr-10941	716	2	started	start	VERB
cblr-10941	716	3	to	to	PART
cblr-10941	716	4	invest	invest	VERB
cblr-10941	716	5	in	in	ADP
cblr-10941	716	6	startups	startup	NOUN
cblr-10941	716	7	developing	develop	VERB
cblr-10941	716	8	fully	fully	ADV
cblr-10941	716	9	autonomous	autonomous	ADJ
cblr-10941	716	10	vehicles.210	vehicles.210	NOUN
cblr-10941	716	11	in	in	ADP
cblr-10941	716	12	2015	2015	NUM
cblr-10941	716	13	,	,	PUNCT
cblr-10941	716	14	uber	uber	NOUN
cblr-10941	716	15	shook	shake	VERB
cblr-10941	716	16	up	up	ADP
cblr-10941	716	17	the	the	DET
cblr-10941	716	18	industry	industry	NOUN
cblr-10941	716	19	by	by	ADP
cblr-10941	716	20	poaching	poach	VERB
cblr-10941	716	21	about	about	ADV
cblr-10941	716	22	forty	forty	NUM
cblr-10941	716	23	engineers	engineer	NOUN
cblr-10941	716	24	from	from	ADP
cblr-10941	716	25	robotics	robotic	NOUN
cblr-10941	716	26	labs	lab	NOUN
cblr-10941	716	27	at	at	ADP
cblr-10941	716	28	carnegie	carnegie	PROPN
cblr-10941	716	29	mellon	mellon	PROPN
cblr-10941	716	30	,	,	PUNCT
cblr-10941	716	31	the	the	DET
cblr-10941	716	32	same	same	ADJ
cblr-10941	716	33	institution	institution	NOUN
cblr-10941	716	34	that	that	PRON
cblr-10941	716	35	had	have	AUX
cblr-10941	716	36	won	win	VERB
cblr-10941	716	37	the	the	DET
cblr-10941	716	38	darpa	darpa	PROPN
cblr-10941	716	39	urban	urban	ADJ
cblr-10941	716	40	challenge.211	challenge.211	PROPN
cblr-10941	716	41	uber	uber	PROPN
cblr-10941	716	42	’s	’s	PART
cblr-10941	716	43	headquarters	headquarters	NOUN
cblr-10941	716	44	was	be	AUX
cblr-10941	716	45	in	in	ADP
cblr-10941	716	46	san	san	PROPN
cblr-10941	716	47	francisco	francisco	PROPN
cblr-10941	716	48	,	,	PUNCT
cblr-10941	716	49	but	but	CCONJ
cblr-10941	716	50	it	it	PRON
cblr-10941	716	51	built	build	VERB
cblr-10941	716	52	a	a	DET
cblr-10941	716	53	new	new	ADJ
cblr-10941	716	54	office	office	NOUN
cblr-10941	716	55	for	for	ADP
cblr-10941	716	56	its	its	PRON
cblr-10941	716	57	av	av	PROPN
cblr-10941	716	58	project	project	NOUN
cblr-10941	716	59	,	,	PUNCT
cblr-10941	716	60	later	later	ADV
cblr-10941	716	61	named	name	VERB
cblr-10941	716	62	uber	uber	ADJ
cblr-10941	716	63	advanced	advanced	ADJ
cblr-10941	716	64	technologies	technology	NOUN
cblr-10941	716	65	group	group	NOUN
cblr-10941	716	66	(	(	PUNCT
cblr-10941	716	67	atg	atg	PROPN
cblr-10941	716	68	)	)	PUNCT
cblr-10941	716	69	,	,	PUNCT
cblr-10941	716	70	in	in	ADP
cblr-10941	716	71	pittsburgh.212	pittsburgh.212	NOUN
cblr-10941	716	72	at	at	ADP
cblr-10941	716	73	the	the	DET
cblr-10941	716	74	time	time	NOUN
cblr-10941	716	75	,	,	PUNCT
cblr-10941	716	76	uber	uber	ADJ
cblr-10941	716	77	was	be	AUX
cblr-10941	716	78	then	then	ADV
cblr-10941	716	79	one	one	NUM
cblr-10941	716	80	of	of	ADP
cblr-10941	716	81	the	the	DET
cblr-10941	716	82	world	world	NOUN
cblr-10941	716	83	’s	’s	PART
cblr-10941	716	84	most	most	ADV
cblr-10941	716	85	highly	highly	ADV
cblr-10941	716	86	valued	value	VERB
cblr-10941	716	87	startups	startup	NOUN
cblr-10941	716	88	,	,	PUNCT
cblr-10941	716	89	but	but	CCONJ
cblr-10941	716	90	its	its	PRON
cblr-10941	716	91	ride	ride	NOUN
cblr-10941	716	92	-	-	PUNCT
cblr-10941	716	93	hailing	hail	VERB
cblr-10941	716	94	business	business	NOUN
cblr-10941	716	95	was	be	AUX
cblr-10941	716	96	wildly	wildly	ADV
cblr-10941	716	97	unprofitable.213	unprofitable.213	ADJ
cblr-10941	716	98	its	its	PRON
cblr-10941	716	99	leadership	leadership	NOUN
cblr-10941	716	100	believed	believe	VERB
cblr-10941	716	101	that	that	SCONJ
cblr-10941	716	102	replacing	replace	VERB
cblr-10941	716	103	uber	uber	ADJ
cblr-10941	716	104	drivers	driver	NOUN
cblr-10941	716	105	with	with	ADP
cblr-10941	716	106	software	software	NOUN
cblr-10941	716	107	would	would	AUX
cblr-10941	716	108	make	make	VERB
cblr-10941	716	109	ride	ride	VERB
cblr-10941	716	110	-	-	PUNCT
cblr-10941	716	111	hailing	hail	VERB
cblr-10941	716	112	profitable	profitable	ADJ
cblr-10941	716	113	.	.	PUNCT
cblr-10941	717	1	uber	uber	PROPN
cblr-10941	717	2	’s	’s	PART
cblr-10941	717	3	founder	founder	NOUN
cblr-10941	717	4	travis	travis	PROPN
cblr-10941	717	5	kalanick	kalanick	PROPN
cblr-10941	717	6	said	say	VERB
cblr-10941	717	7	that	that	SCONJ
cblr-10941	717	8	developing	develop	VERB
cblr-10941	717	9	avs	avs	PROPN
cblr-10941	717	10	was	be	AUX
cblr-10941	717	11	“	"	PUNCT
cblr-10941	717	12	existential	existential	ADJ
cblr-10941	717	13	”	"	PUNCT
cblr-10941	717	14	for	for	ADP
cblr-10941	717	15	the	the	DET
cblr-10941	717	16	company.214	company.214	PROPN
cblr-10941	717	17	209	209	NUM
cblr-10941	717	18	see	see	VERB
cblr-10941	717	19	i	i	PRON
cblr-10941	717	20	d.	d.	PROPN
cblr-10941	717	21	at	at	ADP
cblr-10941	717	22	199–201	199–201	NUM
cblr-10941	717	23	(	(	PUNCT
cblr-10941	717	24	describing	describe	VERB
cblr-10941	717	25	the	the	DET
cblr-10941	717	26	auto	auto	NOUN
cblr-10941	717	27	industry	industry	NOUN
cblr-10941	717	28	’s	’s	PART
cblr-10941	717	29	skepticism	skepticism	NOUN
cblr-10941	717	30	towards	towards	ADP
cblr-10941	717	31	fully	fully	ADV
cblr-10941	717	32	autonomous	autonomous	ADJ
cblr-10941	717	33	vehicles	vehicle	NOUN
cblr-10941	717	34	in	in	ADP
cblr-10941	717	35	the	the	DET
cblr-10941	717	36	early	early	ADJ
cblr-10941	717	37	2010s	2010s	NUM
cblr-10941	717	38	)	)	PUNCT
cblr-10941	717	39	(	(	PUNCT
cblr-10941	717	40	on	on	ADP
cblr-10941	717	41	file	file	NOUN
cblr-10941	717	42	with	with	ADP
cblr-10941	717	43	the	the	DET
cblr-10941	717	44	columbia	columbia	PROPN
cblr-10941	717	45	business	business	PROPN
cblr-10941	717	46	law	law	PROPN
cblr-10941	717	47	review	review	PROPN
cblr-10941	717	48	)	)	PUNCT
cblr-10941	717	49	.	.	PUNCT
cblr-10941	718	1	210	210	NUM
cblr-10941	718	2	mark	mark	PROPN
cblr-10941	718	3	harris	harris	PROPN
cblr-10941	718	4	,	,	PUNCT
cblr-10941	718	5	meet	meet	VERB
cblr-10941	718	6	zoox	zoox	NOUN
cblr-10941	718	7	,	,	PUNCT
cblr-10941	718	8	the	the	DET
cblr-10941	718	9	robo	robo	NOUN
cblr-10941	718	10	-	-	PUNCT
cblr-10941	718	11	taxi	taxi	NOUN
cblr-10941	718	12	start	start	NOUN
cblr-10941	718	13	-	-	PUNCT
cblr-10941	718	14	up	up	ADP
cblr-10941	718	15	taking	take	VERB
cblr-10941	718	16	on	on	ADP
cblr-10941	718	17	google	google	PROPN
cblr-10941	718	18	and	and	CCONJ
cblr-10941	718	19	uber	uber	NOUN
cblr-10941	718	20	,	,	PUNCT
cblr-10941	718	21	ieee	ieee	NOUN
cblr-10941	718	22	spectrum	spectrum	NOUN
cblr-10941	718	23	(	(	PUNCT
cblr-10941	718	24	may	may	PROPN
cblr-10941	718	25	20	20	NUM
cblr-10941	718	26	,	,	PUNCT
cblr-10941	718	27	2015	2015	NUM
cblr-10941	718	28	)	)	PUNCT
cblr-10941	718	29	,	,	PUNCT
cblr-10941	718	30	https://spectrum.ieee.org/meetzoox-the-robotaxi-startup-taking-on-google-and-uber	https://spectrum.ieee.org/meetzoox-the-robotaxi-startup-taking-on-google-and-uber	VERB
cblr-10941	719	1	[	[	X
cblr-10941	719	2	https://perma.cc/5nfc-bj72	https://perma.cc/5nfc-bj72	X
cblr-10941	719	3	]	]	X
cblr-10941	719	4	.	.	PUNCT
cblr-10941	720	1	211	211	NUM
cblr-10941	720	2	mike	mike	PROPN
cblr-10941	720	3	ramsey	ramsey	PROPN
cblr-10941	720	4	&	&	CCONJ
cblr-10941	720	5	douglas	douglas	PROPN
cblr-10941	720	6	macmillan	macmillan	PROPN
cblr-10941	720	7	,	,	PUNCT
cblr-10941	720	8	carnegie	carnegie	PROPN
cblr-10941	720	9	mellon	mellon	PROPN
cblr-10941	720	10	reels	reel	NOUN
cblr-10941	720	11	after	after	ADP
cblr-10941	720	12	uber	uber	NOUN
cblr-10941	720	13	lures	lure	VERB
cblr-10941	720	14	away	away	ADP
cblr-10941	720	15	researchers	researcher	NOUN
cblr-10941	720	16	,	,	PUNCT
cblr-10941	721	1	wall	wall	PROPN
cblr-10941	721	2	st	st	PROPN
cblr-10941	721	3	.	.	PROPN
cblr-10941	721	4	j.	j.	PROPN
cblr-10941	722	1	(	(	PUNCT
cblr-10941	722	2	may	may	PROPN
cblr-10941	722	3	31	31	NUM
cblr-10941	722	4	,	,	PUNCT
cblr-10941	722	5	2015	2015	NUM
cblr-10941	722	6	)	)	PUNCT
cblr-10941	722	7	,	,	PUNCT
cblr-10941	722	8	https://www.wsj.com/articles/is-uber-a-friend-or-foe-of-carnegie-mellon-inrobotics-1433084582	https://www.wsj.com/articles/is-uber-a-friend-or-foe-of-carnegie-mellon-inrobotics-1433084582	PROPN
cblr-10941	723	1	[	[	X
cblr-10941	723	2	https://perma.cc/7tlm-rtug	https://perma.cc/7tlm-rtug	X
cblr-10941	723	3	]	]	PUNCT
cblr-10941	723	4	.	.	PUNCT
cblr-10941	724	1	212	212	NUM
cblr-10941	724	2	see	see	VERB
cblr-10941	724	3	i	i	PROPN
cblr-10941	724	4	d.	d.	PROPN
cblr-10941	724	5	213	213	NUM
cblr-10941	724	6	eric	eric	PROPN
cblr-10941	724	7	newcomer	newcomer	PROPN
cblr-10941	724	8	&	&	CCONJ
cblr-10941	724	9	jing	jing	PROPN
cblr-10941	724	10	cao	cao	PROPN
cblr-10941	724	11	,	,	PUNCT
cblr-10941	724	12	uber	uber	ADJ
cblr-10941	724	13	bonds	bond	NOUN
cblr-10941	724	14	term	term	NOUN
cblr-10941	724	15	sheet	sheet	NOUN
cblr-10941	724	16	reveals	reveal	VERB
cblr-10941	724	17	$	$	SYM
cblr-10941	724	18	470	470	NUM
cblr-10941	724	19	million	million	NUM
cblr-10941	724	20	in	in	ADP
cblr-10941	724	21	operating	operating	NOUN
cblr-10941	724	22	losses	loss	NOUN
cblr-10941	724	23	,	,	PUNCT
cblr-10941	724	24	bloomberg	bloomberg	PROPN
cblr-10941	724	25	(	(	PUNCT
cblr-10941	724	26	june	june	PROPN
cblr-10941	724	27	29	29	NUM
cblr-10941	724	28	,	,	PUNCT
cblr-10941	724	29	2015	2015	NUM
cblr-10941	724	30	)	)	PUNCT
cblr-10941	724	31	,	,	PUNCT
cblr-10941	724	32	https://www.bloomberg.com/news/articles/2015-06-30/uber-bonds-termsheet-reveals-470-million-in-operating-losses	https://www.bloomberg.com/news/articles/2015-06-30/uber-bonds-termsheet-reveals-470-million-in-operating-losse	VERB
cblr-10941	725	1	[	[	X
cblr-10941	725	2	https://perma.cc/5w7pev8x	https://perma.cc/5w7pev8x	PROPN
cblr-10941	725	3	]	]	PUNCT
cblr-10941	725	4	.	.	PUNCT
cblr-10941	726	1	214	214	NUM
cblr-10941	726	2	max	max	PROPN
cblr-10941	726	3	chafkin	chafkin	PROPN
cblr-10941	726	4	,	,	PUNCT
cblr-10941	726	5	uber	uber	PROPN
cblr-10941	726	6	’s	’s	PART
cblr-10941	726	7	first	first	ADJ
cblr-10941	726	8	self	self	NOUN
cblr-10941	726	9	-	-	PUNCT
cblr-10941	726	10	driving	drive	VERB
cblr-10941	726	11	fleet	fleet	NOUN
cblr-10941	726	12	arrives	arrive	VERB
cblr-10941	726	13	in	in	ADP
cblr-10941	726	14	pittsburgh	pittsburgh	PROPN
cblr-10941	726	15	this	this	DET
cblr-10941	726	16	month	month	NOUN
cblr-10941	726	17	,	,	PUNCT
cblr-10941	726	18	bloomberg	bloomberg	PROPN
cblr-10941	726	19	(	(	PUNCT
cblr-10941	726	20	aug	aug	PROPN
cblr-10941	726	21	.	.	PROPN
cblr-10941	726	22	18	18	NUM
cblr-10941	726	23	,	,	PUNCT
cblr-10941	726	24	2016	2016	NUM
cblr-10941	726	25	,	,	PUNCT
cblr-10941	726	26	6:30	6:30	NUM
cblr-10941	726	27	am	am	NOUN
cblr-10941	726	28	)	)	PUNCT
cblr-10941	726	29	,	,	PUNCT
cblr-10941	726	30	https://www.bloomberg.com/news/features/2016-08-18/uber-s-first-selfdriving-fleet-arrives-in-pittsburgh-this-month-is06r7on	https://www.bloomberg.com/news/features/2016-08-18/uber-s-first-selfdriving-fleet-arrives-in-pittsburgh-this-month-is06r7on	X
cblr-10941	727	1	[	[	X
cblr-10941	727	2	https://perma.cc/vl7l-dpxz	https://perma.cc/vl7l-dpxz	X
cblr-10941	727	3	]	]	X
cblr-10941	727	4	.	.	PUNCT
cblr-10941	728	1	904	904	NUM
cblr-10941	728	2	columbia	columbia	PROPN
cblr-10941	728	3	business	business	NOUN
cblr-10941	728	4	law	law	PROPN
cblr-10941	728	5	review	review	NOUN
cblr-10941	728	6	[	[	X
cblr-10941	728	7	vol	vol	NOUN
cblr-10941	728	8	.	.	PUNCT
cblr-10941	728	9	2022	2022	NUM
cblr-10941	728	10	auto	auto	NOUN
cblr-10941	728	11	industry	industry	NOUN
cblr-10941	728	12	executives	executive	NOUN
cblr-10941	728	13	gradually	gradually	ADV
cblr-10941	728	14	began	begin	VERB
cblr-10941	728	15	to	to	PART
cblr-10941	728	16	change	change	VERB
cblr-10941	728	17	their	their	PRON
cblr-10941	728	18	minds	mind	NOUN
cblr-10941	728	19	and	and	CCONJ
cblr-10941	728	20	embrace	embrace	VERB
cblr-10941	728	21	full	full	ADJ
cblr-10941	728	22	automation.215	automation.215	SCONJ
cblr-10941	728	23	they	they	PRON
cblr-10941	728	24	realized	realize	VERB
cblr-10941	728	25	that	that	SCONJ
cblr-10941	728	26	developing	develop	VERB
cblr-10941	728	27	fully	fully	ADV
cblr-10941	728	28	autonomous	autonomous	ADJ
cblr-10941	728	29	vehicles	vehicle	NOUN
cblr-10941	728	30	would	would	AUX
cblr-10941	728	31	require	require	VERB
cblr-10941	728	32	organizational	organizational	ADJ
cblr-10941	728	33	changes	change	NOUN
cblr-10941	728	34	.	.	PUNCT
cblr-10941	729	1	they	they	PRON
cblr-10941	729	2	did	do	AUX
cblr-10941	729	3	n’t	not	PART
cblr-10941	729	4	need	need	VERB
cblr-10941	729	5	a	a	DET
cblr-10941	729	6	team	team	NOUN
cblr-10941	729	7	of	of	ADP
cblr-10941	729	8	automotive	automotive	ADJ
cblr-10941	729	9	engineers	engineer	NOUN
cblr-10941	729	10	in	in	ADP
cblr-10941	729	11	detroit	detroit	PROPN
cblr-10941	729	12	.	.	PUNCT
cblr-10941	730	1	instead	instead	ADV
cblr-10941	730	2	,	,	PUNCT
cblr-10941	730	3	they	they	PRON
cblr-10941	730	4	needed	need	VERB
cblr-10941	730	5	phds	phds	NOUN
cblr-10941	730	6	from	from	ADP
cblr-10941	730	7	stanford	stanford	PROPN
cblr-10941	730	8	and	and	CCONJ
cblr-10941	730	9	carnegie	carnegie	PROPN
cblr-10941	730	10	mellon	mellon	PROPN
cblr-10941	730	11	and	and	CCONJ
cblr-10941	730	12	software	software	NOUN
cblr-10941	730	13	developers	developer	NOUN
cblr-10941	730	14	from	from	ADP
cblr-10941	730	15	silicon	silicon	PROPN
cblr-10941	730	16	valley	valley	PROPN
cblr-10941	730	17	—	—	PUNCT
cblr-10941	730	18	engineers	engineer	NOUN
cblr-10941	730	19	who	who	PRON
cblr-10941	730	20	demanded	demand	VERB
cblr-10941	730	21	the	the	DET
cblr-10941	730	22	compensation	compensation	NOUN
cblr-10941	730	23	and	and	CCONJ
cblr-10941	730	24	independence	independence	NOUN
cblr-10941	730	25	they	they	PRON
cblr-10941	730	26	would	would	AUX
cblr-10941	730	27	expect	expect	VERB
cblr-10941	730	28	from	from	ADP
cblr-10941	730	29	a	a	DET
cblr-10941	730	30	startup	startup	NOUN
cblr-10941	730	31	.	.	PUNCT
cblr-10941	731	1	the	the	DET
cblr-10941	731	2	automakers	automaker	NOUN
cblr-10941	731	3	also	also	ADV
cblr-10941	731	4	needed	need	VERB
cblr-10941	731	5	to	to	PART
cblr-10941	731	6	think	think	VERB
cblr-10941	731	7	differently	differently	ADV
cblr-10941	731	8	about	about	ADP
cblr-10941	731	9	their	their	PRON
cblr-10941	731	10	business	business	NOUN
cblr-10941	731	11	model	model	NOUN
cblr-10941	731	12	and	and	CCONJ
cblr-10941	731	13	learn	learn	VERB
cblr-10941	731	14	how	how	SCONJ
cblr-10941	731	15	to	to	PART
cblr-10941	731	16	sell	sell	VERB
cblr-10941	731	17	rides	ride	NOUN
cblr-10941	731	18	and	and	CCONJ
cblr-10941	731	19	not	not	PART
cblr-10941	731	20	vehicles	vehicle	NOUN
cblr-10941	731	21	.	.	PUNCT
cblr-10941	732	1	if	if	SCONJ
cblr-10941	732	2	the	the	DET
cblr-10941	732	3	automakers	automaker	NOUN
cblr-10941	732	4	did	do	AUX
cblr-10941	732	5	n’t	not	PART
cblr-10941	732	6	adapt	adapt	VERB
cblr-10941	732	7	,	,	PUNCT
cblr-10941	732	8	google	google	PROPN
cblr-10941	732	9	might	might	AUX
cblr-10941	732	10	crush	crush	VERB
cblr-10941	732	11	them	they	PRON
cblr-10941	732	12	.	.	PUNCT
cblr-10941	733	1	these	these	DET
cblr-10941	733	2	practical	practical	ADJ
cblr-10941	733	3	exigencies	exigency	NOUN
cblr-10941	733	4	set	set	VERB
cblr-10941	733	5	in	in	ADP
cblr-10941	733	6	motion	motion	NOUN
cblr-10941	733	7	the	the	DET
cblr-10941	733	8	events	event	NOUN
cblr-10941	733	9	that	that	PRON
cblr-10941	733	10	led	lead	VERB
cblr-10941	733	11	to	to	PART
cblr-10941	733	12	venture	venture	VERB
cblr-10941	733	13	carveouts.216	carveouts.216	VERB
cblr-10941	733	14	general	general	ADJ
cblr-10941	733	15	motors	motor	NOUN
cblr-10941	733	16	made	make	VERB
cblr-10941	733	17	the	the	DET
cblr-10941	733	18	first	first	ADJ
cblr-10941	733	19	move	move	NOUN
cblr-10941	733	20	.	.	PUNCT
cblr-10941	734	1	in	in	ADP
cblr-10941	734	2	2016	2016	NUM
cblr-10941	734	3	,	,	PUNCT
cblr-10941	734	4	gm	gm	PROPN
cblr-10941	734	5	acquired	acquire	VERB
cblr-10941	734	6	a	a	DET
cblr-10941	734	7	small	small	ADJ
cblr-10941	734	8	,	,	PUNCT
cblr-10941	734	9	san	san	PROPN
cblr-10941	734	10	francisco	francisco	PROPN
cblr-10941	734	11	-	-	PUNCT
cblr-10941	734	12	based	base	VERB
cblr-10941	734	13	,	,	PUNCT
cblr-10941	734	14	venture	venture	NOUN
cblr-10941	734	15	-	-	PUNCT
cblr-10941	734	16	backed	back	VERB
cblr-10941	734	17	startup	startup	NOUN
cblr-10941	734	18	named	name	VERB
cblr-10941	734	19	cruise	cruise	NOUN
cblr-10941	734	20	for	for	ADP
cblr-10941	734	21	$	$	SYM
cblr-10941	734	22	581	581	NUM
cblr-10941	734	23	million.217	million.217	NOUN
cblr-10941	734	24	cruise	cruise	NOUN
cblr-10941	734	25	’s	’s	PART
cblr-10941	734	26	founder	founder	NOUN
cblr-10941	734	27	and	and	CCONJ
cblr-10941	734	28	ceo	ceo	PROPN
cblr-10941	734	29	kyle	kyle	PROPN
cblr-10941	734	30	vogt	vogt	PROPN
cblr-10941	734	31	was	be	AUX
cblr-10941	734	32	a	a	DET
cblr-10941	734	33	twentysomething	twentysomething	ADJ
cblr-10941	734	34	mit	mit	NOUN
cblr-10941	734	35	-	-	PUNCT
cblr-10941	734	36	dropout	dropout	NOUN
cblr-10941	734	37	software	software	NOUN
cblr-10941	734	38	entrepreneur.218	entrepreneur.218	PROPN
cblr-10941	734	39	gm	gm	PROPN
cblr-10941	734	40	decided	decide	VERB
cblr-10941	734	41	not	not	PART
cblr-10941	734	42	to	to	PART
cblr-10941	734	43	integrate	integrate	VERB
cblr-10941	734	44	cruise	cruise	NOUN
cblr-10941	734	45	with	with	ADP
cblr-10941	734	46	its	its	PRON
cblr-10941	734	47	michigan	michigan	NOUN
cblr-10941	734	48	-	-	PUNCT
cblr-10941	734	49	based	base	VERB
cblr-10941	734	50	adas	adas	PROPN
cblr-10941	734	51	team.219	team.219	PROPN
cblr-10941	734	52	instead	instead	ADV
cblr-10941	734	53	,	,	PUNCT
cblr-10941	734	54	cruise	cruise	NOUN
cblr-10941	734	55	would	would	AUX
cblr-10941	734	56	stay	stay	VERB
cblr-10941	734	57	in	in	ADP
cblr-10941	734	58	san	san	PROPN
cblr-10941	734	59	francisco	francisco	PROPN
cblr-10941	734	60	and	and	CCONJ
cblr-10941	734	61	focus	focus	VERB
cblr-10941	734	62	on	on	ADP
cblr-10941	734	63	developing	develop	VERB
cblr-10941	734	64	fully	fully	ADV
cblr-10941	734	65	autonomous	autonomous	ADJ
cblr-10941	734	66	vehicles	vehicle	NOUN
cblr-10941	734	67	to	to	PART
cblr-10941	734	68	be	be	AUX
cblr-10941	734	69	deployed	deploy	VERB
cblr-10941	734	70	in	in	ADP
cblr-10941	734	71	a	a	DET
cblr-10941	734	72	robotaxi	robotaxi	NOUN
cblr-10941	734	73	service.220	service.220	NOUN
cblr-10941	734	74	215	215	NUM
cblr-10941	734	75	see	see	NOUN
cblr-10941	734	76	burns	burn	NOUN
cblr-10941	734	77	&	&	CCONJ
cblr-10941	734	78	shulgan	shulgan	PROPN
cblr-10941	734	79	,	,	PUNCT
cblr-10941	734	80	supra	supra	PROPN
cblr-10941	734	81	note	note	PROPN
cblr-10941	734	82	207	207	NUM
cblr-10941	734	83	,	,	PUNCT
cblr-10941	734	84	at	at	ADP
cblr-10941	734	85	280–85	280–85	NUM
cblr-10941	734	86	(	(	PUNCT
cblr-10941	734	87	describing	describe	VERB
cblr-10941	734	88	the	the	DET
cblr-10941	734	89	evolution	evolution	NOUN
cblr-10941	734	90	of	of	ADP
cblr-10941	734	91	the	the	DET
cblr-10941	734	92	automaker	automaker	NOUN
cblr-10941	734	93	’s	’s	PART
cblr-10941	734	94	attitudes	attitude	NOUN
cblr-10941	734	95	towards	towards	ADP
cblr-10941	734	96	fully	fully	ADV
cblr-10941	734	97	autonomous	autonomous	ADJ
cblr-10941	734	98	vehicles	vehicle	NOUN
cblr-10941	734	99	)	)	PUNCT
cblr-10941	734	100	.	.	PUNCT
cblr-10941	735	1	216	216	NUM
cblr-10941	735	2	see	see	VERB
cblr-10941	735	3	infra	infra	NOUN
cblr-10941	735	4	section	section	NOUN
cblr-10941	735	5	v.a	v.a	PROPN
cblr-10941	735	6	.	.	PROPN
cblr-10941	735	7	217	217	NUM
cblr-10941	735	8	see	see	VERB
cblr-10941	735	9	vlasic	vlasic	PROPN
cblr-10941	735	10	&	&	CCONJ
cblr-10941	735	11	isaac	isaac	PROPN
cblr-10941	735	12	,	,	PUNCT
cblr-10941	735	13	supra	supra	PROPN
cblr-10941	735	14	note	note	PROPN
cblr-10941	735	15	45	45	NUM
cblr-10941	735	16	;	;	PUNCT
cblr-10941	735	17	gen	gen	PROPN
cblr-10941	735	18	.	.	PROPN
cblr-10941	735	19	motors	motors	PROPN
cblr-10941	735	20	co.	co.	PROPN
cblr-10941	735	21	,	,	PUNCT
cblr-10941	735	22	annual	annual	ADJ
cblr-10941	735	23	report	report	NOUN
cblr-10941	735	24	(	(	PUNCT
cblr-10941	735	25	form	form	NOUN
cblr-10941	735	26	10	10	NUM
cblr-10941	735	27	-	-	PUNCT
cblr-10941	735	28	k	k	NOUN
cblr-10941	735	29	)	)	PUNCT
cblr-10941	735	30	65	65	NUM
cblr-10941	735	31	(	(	PUNCT
cblr-10941	735	32	feb	feb	X
cblr-10941	735	33	.	.	PROPN
cblr-10941	735	34	7	7	NUM
cblr-10941	735	35	,	,	PUNCT
cblr-10941	735	36	2017	2017	NUM
cblr-10941	735	37	)	)	PUNCT
cblr-10941	735	38	.	.	PUNCT
cblr-10941	736	1	218	218	NUM
cblr-10941	736	2	cruise	cruise	NOUN
cblr-10941	736	3	’s	’s	PART
cblr-10941	736	4	kyle	kyle	PROPN
cblr-10941	736	5	vogt	vogt	PROPN
cblr-10941	736	6	,	,	PUNCT
cblr-10941	736	7	forbes	forbes	PROPN
cblr-10941	736	8	,	,	PUNCT
cblr-10941	736	9	https://www.forbes.com/profile/kylevogt/.	https://www.forbes.com/profile/kylevogt/.	NOUN
cblr-10941	736	10	.	.	PUNCT
cblr-10941	736	11	.sh=5a031d4846aa	.sh=5a031d4846aa	PUNCT
cblr-10941	737	1	[	[	X
cblr-10941	737	2	https://perma.cc/xh2s-jmqn	https://perma.cc/xh2s-jmqn	X
cblr-10941	737	3	]	]	X
cblr-10941	737	4	(	(	PUNCT
cblr-10941	737	5	last	last	ADV
cblr-10941	737	6	visited	visit	VERB
cblr-10941	737	7	jan	jan	PROPN
cblr-10941	737	8	.	.	PROPN
cblr-10941	737	9	8	8	NUM
cblr-10941	737	10	,	,	PUNCT
cblr-10941	737	11	2022	2022	NUM
cblr-10941	737	12	)	)	PUNCT
cblr-10941	737	13	;	;	PUNCT
cblr-10941	737	14	justine	justine	PROPN
cblr-10941	737	15	hofherr	hofherr	PROPN
cblr-10941	737	16	,	,	PUNCT
cblr-10941	737	17	mit	mit	NOUN
cblr-10941	737	18	dropout	dropout	NOUN
cblr-10941	737	19	wants	want	VERB
cblr-10941	737	20	to	to	PART
cblr-10941	737	21	turn	turn	VERB
cblr-10941	737	22	your	your	PRON
cblr-10941	737	23	normal	normal	ADJ
cblr-10941	737	24	car	car	NOUN
cblr-10941	737	25	driverless	driverless	NOUN
cblr-10941	737	26	,	,	PUNCT
cblr-10941	737	27	boston.com	boston.com	X
cblr-10941	737	28	,	,	PUNCT
cblr-10941	737	29	https://www.boston.com/cars/news-andreviews/2015/07/10/mit-dropout-wants-to-turn-your-normal-car-driverless/	https://www.boston.com/cars/news-andreviews/2015/07/10/mit-dropout-wants-to-turn-your-normal-car-driverless/	PROPN
cblr-10941	737	30	(	(	PUNCT
cblr-10941	737	31	july	july	PROPN
cblr-10941	737	32	10	10	NUM
cblr-10941	737	33	,	,	PUNCT
cblr-10941	737	34	2015	2015	NUM
cblr-10941	737	35	)	)	PUNCT
cblr-10941	737	36	,	,	PUNCT
cblr-10941	738	1	[	[	X
cblr-10941	738	2	https://perma.cc/urb8-zlj6	https://perma.cc/urb8-zlj6	PROPN
cblr-10941	738	3	]	]	X
cblr-10941	738	4	.	.	PUNCT
cblr-10941	739	1	219	219	NUM
cblr-10941	739	2	michael	michael	PROPN
cblr-10941	739	3	wayland	wayland	PROPN
cblr-10941	739	4	,	,	PUNCT
cblr-10941	739	5	gm	gm	PROPN
cblr-10941	739	6	lets	let	VERB
cblr-10941	739	7	its	its	PRON
cblr-10941	739	8	autonomous	autonomous	ADJ
cblr-10941	739	9	unit	unit	NOUN
cblr-10941	739	10	be	be	AUX
cblr-10941	739	11	autonomous	autonomous	ADJ
cblr-10941	739	12	,	,	PUNCT
cblr-10941	739	13	auto	auto	NOUN
cblr-10941	739	14	.	.	PUNCT
cblr-10941	740	1	news	news	PROPN
cblr-10941	740	2	(	(	PUNCT
cblr-10941	740	3	june	june	PROPN
cblr-10941	740	4	19	19	NUM
cblr-10941	740	5	,	,	PUNCT
cblr-10941	740	6	2017	2017	NUM
cblr-10941	740	7	)	)	PUNCT
cblr-10941	740	8	,	,	PUNCT
cblr-10941	740	9	https://www.autonews.com/article/20170619/mobility/170619761/gmlets-its-autonomous-unit-be-autonomous	https://www.autonews.com/article/20170619/mobility/170619761/gmlets-its-autonomous-unit-be-autonomous	ADJ
cblr-10941	740	10	[	[	X
cblr-10941	740	11	https://perma.cc/5dph-az7x	https://perma.cc/5dph-az7x	X
cblr-10941	740	12	]	]	X
cblr-10941	740	13	.	.	PUNCT
cblr-10941	741	1	220	220	NUM
cblr-10941	741	2	kevin	kevin	PROPN
cblr-10941	741	3	kelly	kelly	PROPN
cblr-10941	741	4	,	,	PUNCT
cblr-10941	741	5	gm	gm	PROPN
cblr-10941	741	6	to	to	PART
cblr-10941	741	7	acquire	acquire	VERB
cblr-10941	741	8	cruise	cruise	NOUN
cblr-10941	741	9	automation	automation	NOUN
cblr-10941	741	10	to	to	PART
cblr-10941	741	11	accelerate	accelerate	VERB
cblr-10941	741	12	autonomous	autonomous	ADJ
cblr-10941	741	13	vehicle	vehicle	NOUN
cblr-10941	741	14	development	development	NOUN
cblr-10941	741	15	,	,	PUNCT
cblr-10941	741	16	gen	gen	PROPN
cblr-10941	741	17	.	.	PROPN
cblr-10941	741	18	motors	motors	PROPN
cblr-10941	741	19	(	(	PUNCT
cblr-10941	741	20	mar	mar	PROPN
cblr-10941	741	21	.	.	PROPN
cblr-10941	741	22	11	11	NUM
cblr-10941	741	23	,	,	PUNCT
cblr-10941	741	24	2016	2016	NUM
cblr-10941	741	25	)	)	PUNCT
cblr-10941	741	26	,	,	PUNCT
cblr-10941	741	27	https://news.gm.com/newsroom.detail.html/pages/news/us/en/2016/mar/03	https://news.gm.com/newsroom.detail.html/pages/news/us/en/2016/mar/03	NOUN
cblr-10941	741	28	11-cruise.html	11-cruise.html	NUM
cblr-10941	741	29	[	[	X
cblr-10941	741	30	https://perma.cc/9b9g-29rt	https://perma.cc/9b9g-29rt	NOUN
cblr-10941	741	31	]	]	PUNCT
cblr-10941	741	32	.	.	PUNCT
cblr-10941	742	1	no	no	INTJ
cblr-10941	742	2	.	.	PUNCT
cblr-10941	743	1	2:859	2:859	NUM
cblr-10941	743	2	]	]	X
cblr-10941	743	3	moonshots	moonshot	NOUN
cblr-10941	743	4	905	905	NUM
cblr-10941	743	5	less	less	ADJ
cblr-10941	743	6	than	than	ADP
cblr-10941	743	7	a	a	DET
cblr-10941	743	8	year	year	NOUN
cblr-10941	743	9	later	later	ADV
cblr-10941	743	10	,	,	PUNCT
cblr-10941	743	11	ford	ford	PROPN
cblr-10941	743	12	followed	follow	VERB
cblr-10941	743	13	gm	gm	PROPN
cblr-10941	743	14	’s	’s	PART
cblr-10941	743	15	lead	lead	NOUN
cblr-10941	743	16	.	.	PUNCT
cblr-10941	744	1	ford	ford	PROPN
cblr-10941	744	2	announced	announce	VERB
cblr-10941	744	3	that	that	SCONJ
cblr-10941	744	4	it	it	PRON
cblr-10941	744	5	was	be	AUX
cblr-10941	744	6	investing	invest	VERB
cblr-10941	744	7	$	$	SYM
cblr-10941	744	8	1	1	NUM
cblr-10941	744	9	billion	billion	NUM
cblr-10941	744	10	in	in	ADP
cblr-10941	744	11	a	a	DET
cblr-10941	744	12	company	company	NOUN
cblr-10941	744	13	named	name	VERB
cblr-10941	744	14	argo	argo	PROPN
cblr-10941	744	15	ai.221	ai.221	PROPN
cblr-10941	744	16	argo	argo	PROPN
cblr-10941	744	17	had	have	AUX
cblr-10941	744	18	only	only	ADV
cblr-10941	744	19	existed	exist	VERB
cblr-10941	744	20	for	for	ADP
cblr-10941	744	21	a	a	DET
cblr-10941	744	22	few	few	ADJ
cblr-10941	744	23	months	month	NOUN
cblr-10941	744	24	as	as	ADP
cblr-10941	744	25	a	a	DET
cblr-10941	744	26	startup	startup	NOUN
cblr-10941	744	27	and	and	CCONJ
cblr-10941	744	28	had	have	AUX
cblr-10941	744	29	n’t	not	PART
cblr-10941	744	30	raised	raise	VERB
cblr-10941	744	31	much	much	ADJ
cblr-10941	744	32	capital.222	capital.222	NOUN
cblr-10941	744	33	but	but	CCONJ
cblr-10941	744	34	its	its	PRON
cblr-10941	744	35	founders	founder	NOUN
cblr-10941	744	36	were	be	AUX
cblr-10941	744	37	well	well	ADV
cblr-10941	744	38	known	know	VERB
cblr-10941	744	39	in	in	ADP
cblr-10941	744	40	the	the	DET
cblr-10941	744	41	industry	industry	NOUN
cblr-10941	744	42	—	—	PUNCT
cblr-10941	744	43	one	one	NUM
cblr-10941	744	44	had	have	AUX
cblr-10941	744	45	been	be	AUX
cblr-10941	744	46	the	the	DET
cblr-10941	744	47	software	software	NOUN
cblr-10941	744	48	lead	lead	NOUN
cblr-10941	744	49	for	for	ADP
cblr-10941	744	50	carnegie	carnegie	PROPN
cblr-10941	744	51	mellon	mellon	PROPN
cblr-10941	744	52	’s	’s	PART
cblr-10941	744	53	darpa	darpa	PROPN
cblr-10941	744	54	team.223	team.223	CCONJ
cblr-10941	744	55	argo	argo	PROPN
cblr-10941	744	56	set	set	VERB
cblr-10941	744	57	up	up	ADP
cblr-10941	744	58	shop	shop	NOUN
cblr-10941	744	59	in	in	ADP
cblr-10941	744	60	mountain	mountain	NOUN
cblr-10941	744	61	view	view	NOUN
cblr-10941	744	62	,	,	PUNCT
cblr-10941	744	63	california	california	PROPN
cblr-10941	744	64	and	and	CCONJ
cblr-10941	744	65	in	in	ADP
cblr-10941	744	66	pittsburgh.224	pittsburgh.224	NOUN
cblr-10941	744	67	its	its	PRON
cblr-10941	744	68	founders	founder	NOUN
cblr-10941	744	69	said	say	VERB
cblr-10941	744	70	they	they	PRON
cblr-10941	744	71	were	be	AUX
cblr-10941	744	72	focused	focus	VERB
cblr-10941	744	73	on	on	ADP
cblr-10941	744	74	building	build	VERB
cblr-10941	744	75	fully	fully	ADV
cblr-10941	744	76	autonomous	autonomous	ADJ
cblr-10941	744	77	vehicles	vehicle	NOUN
cblr-10941	744	78	and	and	CCONJ
cblr-10941	744	79	considering	consider	VERB
cblr-10941	744	80	a	a	DET
cblr-10941	744	81	range	range	NOUN
cblr-10941	744	82	of	of	ADP
cblr-10941	744	83	possibilities	possibility	NOUN
cblr-10941	744	84	for	for	ADP
cblr-10941	744	85	deploying	deploy	VERB
cblr-10941	744	86	them.225	them.225	NOUN
cblr-10941	744	87	around	around	ADP
cblr-10941	744	88	the	the	DET
cblr-10941	744	89	same	same	ADJ
cblr-10941	744	90	time	time	NOUN
cblr-10941	744	91	,	,	PUNCT
cblr-10941	744	92	google	google	PROPN
cblr-10941	744	93	’s	’s	PART
cblr-10941	744	94	project	project	NOUN
cblr-10941	744	95	chauffeur	chauffeur	NOUN
cblr-10941	744	96	gained	gain	VERB
cblr-10941	744	97	its	its	PRON
cblr-10941	744	98	independence	independence	NOUN
cblr-10941	744	99	.	.	PUNCT
cblr-10941	745	1	in	in	ADP
cblr-10941	745	2	2015	2015	NUM
cblr-10941	745	3	,	,	PUNCT
cblr-10941	745	4	google	google	PROPN
cblr-10941	745	5	had	have	AUX
cblr-10941	745	6	undergone	undergo	VERB
cblr-10941	745	7	a	a	DET
cblr-10941	745	8	corporate	corporate	ADJ
cblr-10941	745	9	restructuring	restructuring	NOUN
cblr-10941	745	10	in	in	ADP
cblr-10941	745	11	which	which	PRON
cblr-10941	745	12	its	its	PRON
cblr-10941	745	13	businesses	business	NOUN
cblr-10941	745	14	became	become	VERB
cblr-10941	745	15	separate	separate	ADJ
cblr-10941	745	16	entities	entity	NOUN
cblr-10941	745	17	under	under	ADP
cblr-10941	745	18	a	a	DET
cblr-10941	745	19	new	new	ADJ
cblr-10941	745	20	parent	parent	NOUN
cblr-10941	745	21	company	company	NOUN
cblr-10941	745	22	called	call	VERB
cblr-10941	745	23	alphabet.226	alphabet.226	PROPN
cblr-10941	745	24	project	project	NOUN
cblr-10941	745	25	chauffeur	chauffeur	NOUN
cblr-10941	745	26	was	be	AUX
cblr-10941	745	27	housed	house	VERB
cblr-10941	745	28	in	in	ADP
cblr-10941	745	29	x	x	NOUN
cblr-10941	745	30	,	,	PUNCT
cblr-10941	745	31	an	an	DET
cblr-10941	745	32	alphabet	alphabet	NOUN
cblr-10941	745	33	subsidiary	subsidiary	NOUN
cblr-10941	745	34	designed	design	VERB
cblr-10941	745	35	to	to	PART
cblr-10941	745	36	support	support	VERB
cblr-10941	745	37	moonshots.227	moonshots.227	PROPN
cblr-10941	745	38	in	in	ADP
cblr-10941	745	39	2016	2016	NUM
cblr-10941	745	40	,	,	PUNCT
cblr-10941	745	41	alphabet	alphabet	NOUN
cblr-10941	745	42	created	create	VERB
cblr-10941	745	43	221	221	NUM
cblr-10941	745	44	ford	ford	NOUN
cblr-10941	745	45	invests	invest	NOUN
cblr-10941	745	46	in	in	ADP
cblr-10941	745	47	argo	argo	PROPN
cblr-10941	745	48	ai	ai	PROPN
cblr-10941	745	49	,	,	PUNCT
cblr-10941	745	50	a	a	DET
cblr-10941	745	51	new	new	ADJ
cblr-10941	745	52	artificial	artificial	ADJ
cblr-10941	745	53	intelligence	intelligence	NOUN
cblr-10941	745	54	company	company	NOUN
cblr-10941	745	55	,	,	PUNCT
cblr-10941	745	56	in	in	ADP
cblr-10941	745	57	drive	drive	NOUN
cblr-10941	745	58	for	for	ADP
cblr-10941	745	59	autonomous	autonomous	ADJ
cblr-10941	745	60	vehicle	vehicle	NOUN
cblr-10941	745	61	leadership	leadership	NOUN
cblr-10941	745	62	,	,	PUNCT
cblr-10941	745	63	ford	ford	PROPN
cblr-10941	745	64	media	media	PROPN
cblr-10941	745	65	ctr	ctr	PROPN
cblr-10941	745	66	.	.	PUNCT
cblr-10941	746	1	(	(	PUNCT
cblr-10941	746	2	feb	feb	PROPN
cblr-10941	746	3	.	.	PROPN
cblr-10941	746	4	10	10	NUM
cblr-10941	746	5	,	,	PUNCT
cblr-10941	746	6	2017	2017	NUM
cblr-10941	746	7	)	)	PUNCT
cblr-10941	746	8	,	,	PUNCT
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cblr-10941	747	1	[	[	X
cblr-10941	747	2	https://perma.cc/7tcv65we	https://perma.cc/7tcv65we	X
cblr-10941	747	3	]	]	X
cblr-10941	747	4	.	.	PUNCT
cblr-10941	748	1	222	222	NUM
cblr-10941	748	2	see	see	VERB
cblr-10941	748	3	kirsten	kirsten	PROPN
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cblr-10941	748	8	look	look	NOUN
cblr-10941	748	9	at	at	ADP
cblr-10941	748	10	ford	ford	NOUN
cblr-10941	748	11	’s	’s	PART
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cblr-10941	764	18	gm	gm	PROPN
cblr-10941	764	19	’s	’s	PART
cblr-10941	764	20	cruise	cruise	NOUN
cblr-10941	764	21	,	,	PUNCT
cblr-10941	764	22	techcrunch	techcrunch	PROPN
cblr-10941	764	23	(	(	PUNCT
cblr-10941	764	24	oct	oct	PROPN
cblr-10941	764	25	.	.	PROPN
cblr-10941	764	26	3	3	NUM
cblr-10941	764	27	,	,	PUNCT
cblr-10941	764	28	2018	2018	NUM
cblr-10941	764	29	,	,	PUNCT
cblr-10941	764	30	8:33	8:33	NUM
cblr-10941	764	31	am	am	NOUN
cblr-10941	764	32	)	)	PUNCT
cblr-10941	764	33	,	,	PUNCT
cblr-10941	764	34	https://techcrunch.com/2018/10/03/honda-commits-2-75-billion-inpartnership-with-gms-cruise	https://techcrunch.com/2018/10/03/honda-commits-2-75-billion-inpartnership-with-gms-cruise	PROPN
cblr-10941	765	1	[	[	X
cblr-10941	765	2	https://perma.cc/75x2-pblt	https://perma.cc/75x2-pblt	X
cblr-10941	765	3	]	]	X
cblr-10941	765	4	.	.	PUNCT
cblr-10941	766	1	230	230	NUM
cblr-10941	766	2	keith	keith	PROPN
cblr-10941	766	3	naughton	naughton	PROPN
cblr-10941	766	4	&	&	CCONJ
cblr-10941	766	5	christoph	christoph	PROPN
cblr-10941	766	6	rauwald	rauwald	PROPN
cblr-10941	766	7	,	,	PUNCT
cblr-10941	766	8	self	self	NOUN
cblr-10941	766	9	-	-	PUNCT
cblr-10941	766	10	driving	drive	VERB
cblr-10941	766	11	startup	startup	NOUN
cblr-10941	766	12	argo	argo	PROPN
cblr-10941	766	13	closes	close	VERB
cblr-10941	766	14	$	$	SYM
cblr-10941	766	15	2.6	2.6	NUM
cblr-10941	766	16	billion	billion	NUM
cblr-10941	766	17	tie	tie	NOUN
cblr-10941	766	18	-	-	PUNCT
cblr-10941	766	19	up	up	NOUN
cblr-10941	766	20	with	with	ADP
cblr-10941	766	21	vw	vw	PROPN
cblr-10941	766	22	,	,	PUNCT
cblr-10941	766	23	bloomberg	bloomberg	PROPN
cblr-10941	766	24	(	(	PUNCT
cblr-10941	766	25	june	june	PROPN
cblr-10941	766	26	2	2	NUM
cblr-10941	766	27	,	,	PUNCT
cblr-10941	766	28	2020	2020	NUM
cblr-10941	766	29	,	,	PUNCT
cblr-10941	766	30	12:01	12:01	NUM
cblr-10941	766	31	am	am	NOUN
cblr-10941	766	32	)	)	PUNCT
cblr-10941	766	33	,	,	PUNCT
cblr-10941	766	34	https://www.bloomberg.com/news/articles/2020-06-02/self-driving-startupargo-completes-2-6-billion-tie-up-with-vw	https://www.bloomberg.com/news/articles/2020-06-02/self-driving-startupargo-completes-2-6-billion-tie-up-with-vw	PROPN
cblr-10941	767	1	[	[	X
cblr-10941	767	2	https://perma.cc/m6a3-2hw3	https://perma.cc/m6a3-2hw3	VERB
cblr-10941	767	3	]	]	PUNCT
cblr-10941	767	4	.	.	PUNCT
cblr-10941	768	1	231	231	NUM
cblr-10941	768	2	waymo	waymo	ADJ
cblr-10941	768	3	employees	employee	NOUN
cblr-10941	768	4	receive	receive	VERB
cblr-10941	768	5	equity	equity	NOUN
cblr-10941	768	6	“	"	PUNCT
cblr-10941	768	7	settled	settle	VERB
cblr-10941	768	8	in	in	ADP
cblr-10941	768	9	”	"	PUNCT
cblr-10941	768	10	waymo	waymo	ADJ
cblr-10941	768	11	stock	stock	NOUN
cblr-10941	768	12	.	.	PUNCT
cblr-10941	769	1	see	see	VERB
cblr-10941	769	2	infra	infra	NOUN
cblr-10941	769	3	notes	note	VERB
cblr-10941	769	4	234–36	234–36	NOUN
cblr-10941	769	5	and	and	CCONJ
cblr-10941	769	6	accompanying	accompany	VERB
cblr-10941	769	7	text	text	NOUN
cblr-10941	769	8	.	.	PUNCT
cblr-10941	770	1	232	232	NUM
cblr-10941	770	2	see	see	VERB
cblr-10941	770	3	infra	infra	NOUN
cblr-10941	770	4	notes	note	VERB
cblr-10941	770	5	237–42	237–42	NOUN
cblr-10941	770	6	.	.	NOUN
cblr-10941	770	7	233	233	NUM
cblr-10941	771	1	argo	argo	PROPN
cblr-10941	771	2	ai	ai	PROPN
cblr-10941	771	3	holdings	holding	NOUN
cblr-10941	771	4	,	,	PUNCT
cblr-10941	771	5	llc	llc	PROPN
cblr-10941	771	6	,	,	PUNCT
cblr-10941	771	7	notice	notice	NOUN
cblr-10941	771	8	of	of	ADP
cblr-10941	771	9	exempt	exempt	ADJ
cblr-10941	771	10	offering	offering	NOUN
cblr-10941	771	11	of	of	ADP
cblr-10941	771	12	securities	security	NOUN
cblr-10941	771	13	(	(	PUNCT
cblr-10941	771	14	form	form	NOUN
cblr-10941	771	15	d	d	NOUN
cblr-10941	771	16	)	)	PUNCT
cblr-10941	771	17	(	(	PUNCT
cblr-10941	771	18	nov	nov	PROPN
cblr-10941	771	19	.	.	PROPN
cblr-10941	771	20	2	2	NUM
cblr-10941	771	21	,	,	PUNCT
cblr-10941	771	22	2017	2017	NUM
cblr-10941	771	23	)	)	PUNCT
cblr-10941	771	24	.	.	PUNCT
cblr-10941	772	1	234	234	NUM
cblr-10941	772	2	gm	gm	PROPN
cblr-10941	772	3	cruise	cruise	PROPN
cblr-10941	772	4	holdings	holdings	PROPN
cblr-10941	772	5	llc	llc	PROPN
cblr-10941	772	6	,	,	PUNCT
cblr-10941	772	7	notice	notice	NOUN
cblr-10941	772	8	of	of	ADP
cblr-10941	772	9	exempt	exempt	ADJ
cblr-10941	772	10	offering	offering	NOUN
cblr-10941	772	11	of	of	ADP
cblr-10941	772	12	securities	security	NOUN
cblr-10941	772	13	(	(	PUNCT
cblr-10941	772	14	form	form	NOUN
cblr-10941	772	15	d	d	NOUN
cblr-10941	772	16	)	)	PUNCT
cblr-10941	772	17	(	(	PUNCT
cblr-10941	772	18	aug	aug	PROPN
cblr-10941	772	19	.	.	PROPN
cblr-10941	772	20	23	23	NUM
cblr-10941	772	21	,	,	PUNCT
cblr-10941	772	22	2018	2018	NUM
cblr-10941	772	23	)	)	PUNCT
cblr-10941	772	24	.	.	PUNCT
cblr-10941	773	1	no	no	INTJ
cblr-10941	773	2	.	.	PUNCT
cblr-10941	774	1	2:859	2:859	NUM
cblr-10941	774	2	]	]	X
cblr-10941	774	3	moonshots	moonshot	NOUN
cblr-10941	774	4	907	907	NUM
cblr-10941	774	5	its	its	PRON
cblr-10941	774	6	employee	employee	NOUN
cblr-10941	774	7	compensation	compensation	NOUN
cblr-10941	774	8	includes	include	VERB
cblr-10941	774	9	“	"	PUNCT
cblr-10941	774	10	stock	stock	NOUN
cblr-10941	774	11	-	-	PUNCT
cblr-10941	774	12	based	base	VERB
cblr-10941	774	13	compensation	compensation	NOUN
cblr-10941	774	14	awards	award	NOUN
cblr-10941	774	15	settled	settle	VERB
cblr-10941	774	16	in	in	ADP
cblr-10941	774	17	the	the	DET
cblr-10941	774	18	stock	stock	NOUN
cblr-10941	774	19	of	of	ADP
cblr-10941	774	20	certain	certain	ADJ
cblr-10941	774	21	other	other	ADJ
cblr-10941	774	22	bets”—a	bets”—a	NOUN
cblr-10941	774	23	group	group	NOUN
cblr-10941	774	24	of	of	ADP
cblr-10941	774	25	subsidiaries	subsidiary	NOUN
cblr-10941	774	26	that	that	PRON
cblr-10941	774	27	includes	include	VERB
cblr-10941	774	28	waymo.235	waymo.235	PROPN
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cblr-10941	774	30	cfo	cfo	PROPN
cblr-10941	774	31	ruth	ruth	PROPN
cblr-10941	774	32	porat	porat	PROPN
cblr-10941	774	33	has	have	AUX
cblr-10941	774	34	stated	state	VERB
cblr-10941	774	35	that	that	SCONJ
cblr-10941	774	36	the	the	DET
cblr-10941	774	37	company	company	NOUN
cblr-10941	774	38	uses	use	VERB
cblr-10941	774	39	“	"	PUNCT
cblr-10941	774	40	equity	equity	NOUN
cblr-10941	774	41	-	-	PUNCT
cblr-10941	774	42	based	base	VERB
cblr-10941	774	43	programs	program	NOUN
cblr-10941	774	44	”	"	PUNCT
cblr-10941	774	45	in	in	ADP
cblr-10941	774	46	its	its	PRON
cblr-10941	774	47	subsidiaries	subsidiary	NOUN
cblr-10941	774	48	and	and	CCONJ
cblr-10941	774	49	that	that	SCONJ
cblr-10941	774	50	it	it	PRON
cblr-10941	774	51	has	have	AUX
cblr-10941	774	52	“	"	PUNCT
cblr-10941	774	53	accrued	accrue	VERB
cblr-10941	774	54	compensation	compensation	NOUN
cblr-10941	774	55	expenses	expense	NOUN
cblr-10941	774	56	to	to	PART
cblr-10941	774	57	reflect	reflect	VERB
cblr-10941	774	58	increases	increase	NOUN
cblr-10941	774	59	in	in	ADP
cblr-10941	774	60	the	the	DET
cblr-10941	774	61	valuation	valuation	NOUN
cblr-10941	774	62	of	of	ADP
cblr-10941	774	63	equity	equity	NOUN
cblr-10941	774	64	in	in	ADP
cblr-10941	774	65	certain	certain	ADJ
cblr-10941	774	66	other	other	ADJ
cblr-10941	774	67	bets	bet	NOUN
cblr-10941	774	68	.	.	PUNCT
cblr-10941	775	1	”236	”236	PROPN
cblr-10941	775	2	porat	porat	PROPN
cblr-10941	775	3	’s	’s	PART
cblr-10941	775	4	comments	comment	NOUN
cblr-10941	775	5	strongly	strongly	ADV
cblr-10941	775	6	imply	imply	VERB
cblr-10941	775	7	that	that	SCONJ
cblr-10941	775	8	employee	employee	NOUN
cblr-10941	775	9	equity	equity	NOUN
cblr-10941	775	10	compensation	compensation	PROPN
cblr-10941	775	11	in	in	ADP
cblr-10941	775	12	waymo	waymo	PROPN
cblr-10941	775	13	is	be	AUX
cblr-10941	775	14	tied	tie	VERB
cblr-10941	775	15	to	to	ADP
cblr-10941	775	16	the	the	DET
cblr-10941	775	17	value	value	NOUN
cblr-10941	775	18	of	of	ADP
cblr-10941	775	19	waymo	waymo	NOUN
cblr-10941	775	20	,	,	PUNCT
cblr-10941	775	21	not	not	PART
cblr-10941	775	22	alphabet	alphabet	NOUN
cblr-10941	775	23	,	,	PUNCT
cblr-10941	775	24	though	though	SCONJ
cblr-10941	775	25	the	the	DET
cblr-10941	775	26	precise	precise	ADJ
cblr-10941	775	27	mechanism	mechanism	NOUN
cblr-10941	775	28	is	be	AUX
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cblr-10941	775	30	clear	clear	ADJ
cblr-10941	775	31	.	.	PUNCT
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cblr-10941	776	2	of	of	ADP
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cblr-10941	776	14	-	-	PUNCT
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cblr-10941	776	17	.	.	PUNCT
cblr-10941	777	1	waymo	waymo	PROPN
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cblr-10941	777	6	$	$	SYM
cblr-10941	777	7	3.2	3.2	NUM
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cblr-10941	777	9	in	in	ADP
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cblr-10941	777	11	and	and	CCONJ
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cblr-10941	777	13	$	$	SYM
cblr-10941	777	14	2.5	2.5	NUM
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cblr-10941	777	16	in	in	ADP
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cblr-10941	777	18	its	its	PRON
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cblr-10941	777	20	include	include	VERB
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cblr-10941	777	26	,	,	PUNCT
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cblr-10941	777	29	equity	equity	NOUN
cblr-10941	777	30	(	(	PUNCT
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cblr-10941	777	32	)	)	PUNCT
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cblr-10941	777	42	,	,	PUNCT
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cblr-10941	777	44	investors	investor	NOUN
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cblr-10941	777	58	in	in	ADP
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cblr-10941	777	60	technology	technology	NOUN
cblr-10941	777	61	,	,	PUNCT
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cblr-10941	777	63	the	the	DET
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cblr-10941	777	99	from	from	ADP
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cblr-10941	778	9	‘	'	PUNCT
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cblr-10941	778	20	like	like	ADP
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cblr-10941	778	22	start	start	NOUN
cblr-10941	778	23	-	-	PUNCT
cblr-10941	778	24	ups	up	NOUN
cblr-10941	778	25	,	,	PUNCT
cblr-10941	778	26	cnbc	cnbc	PROPN
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cblr-10941	778	29	.	.	PROPN
cblr-10941	778	30	5	5	NUM
cblr-10941	778	31	,	,	PUNCT
cblr-10941	778	32	2019	2019	NUM
cblr-10941	778	33	,	,	PUNCT
cblr-10941	778	34	4:42	4:42	NUM
cblr-10941	778	35	pm	pm	NOUN
cblr-10941	778	36	)	)	PUNCT
cblr-10941	778	37	,	,	PUNCT
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cblr-10941	779	1	[	[	X
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cblr-10941	779	4	.	.	PUNCT
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cblr-10941	780	8	,	,	PUNCT
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cblr-10941	780	10	creek	creek	PROPN
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cblr-10941	780	12	,	,	PUNCT
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cblr-10941	780	14	,	,	PUNCT
cblr-10941	780	15	and	and	CCONJ
cblr-10941	780	16	others	other	NOUN
cblr-10941	780	17	join	join	VERB
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cblr-10941	780	22	in	in	ADP
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cblr-10941	780	24	,	,	PUNCT
cblr-10941	780	25	waymo	waymo	NOUN
cblr-10941	780	26	:	:	PUNCT
cblr-10941	780	27	waypoint	waypoint	NOUN
cblr-10941	780	28	(	(	PUNCT
cblr-10941	780	29	may	may	PROPN
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cblr-10941	780	31	,	,	PUNCT
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cblr-10941	780	34	,	,	PUNCT
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cblr-10941	781	1	[	[	X
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cblr-10941	781	4	.	.	PUNCT
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cblr-10941	782	12	the	the	DET
cblr-10941	782	13	confidence	confidence	NOUN
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cblr-10941	782	19	,	,	PUNCT
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cblr-10941	782	21	:	:	PUNCT
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cblr-10941	782	24	june	june	PROPN
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cblr-10941	784	30	/	/	SYM
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cblr-10941	784	37	gm.html	gm.html	X
cblr-10941	784	38	[	[	X
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cblr-10941	784	41	.	.	PUNCT
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cblr-10941	785	4	,	,	PUNCT
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cblr-10941	785	6	motors	motors	PROPN
cblr-10941	785	7	,	,	PUNCT
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cblr-10941	785	11	1.15	1.15	NUM
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cblr-10941	785	13	of	of	ADP
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cblr-10941	785	15	investment	investment	NOUN
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cblr-10941	785	29	[	[	X
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cblr-10941	785	31	.	.	PUNCT
cblr-10941	785	32	2022	2022	NUM
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cblr-10941	785	34	,	,	PUNCT
cblr-10941	785	35	and	and	CCONJ
cblr-10941	785	36	others	other	NOUN
cblr-10941	785	37	in	in	ADP
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cblr-10941	785	39	argo	argo	PROPN
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cblr-10941	785	41	$	$	SYM
cblr-10941	785	42	2.6	2.6	NUM
cblr-10941	785	43	billion	billion	NUM
cblr-10941	785	44	from	from	ADP
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cblr-10941	785	61	,	,	PUNCT
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cblr-10941	785	63	,	,	PUNCT
cblr-10941	785	64	joined	join	VERB
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cblr-10941	785	67	in	in	ADP
cblr-10941	785	68	2020	2020	NUM
cblr-10941	785	69	.	.	PUNCT
cblr-10941	786	1	motional	motional	NOUN
cblr-10941	786	2	started	start	VERB
cblr-10941	786	3	out	out	ADP
cblr-10941	786	4	as	as	ADP
cblr-10941	786	5	a	a	DET
cblr-10941	786	6	jv	jv	NOUN
cblr-10941	786	7	between	between	ADP
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cblr-10941	786	9	and	and	CCONJ
cblr-10941	786	10	the	the	DET
cblr-10941	786	11	auto	auto	NOUN
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cblr-10941	786	15	aptiv	aptiv	PROPN
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cblr-10941	786	17	a	a	DET
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cblr-10941	786	19	of	of	ADP
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cblr-10941	786	23	spun	spin	VERB
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cblr-10941	786	40	equity	equity	NOUN
cblr-10941	786	41	in	in	ADP
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cblr-10941	786	51	to	to	PART
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cblr-10941	786	53	raised	raise	VERB
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cblr-10941	786	56	,	,	PUNCT
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cblr-10941	787	5	a	a	DET
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cblr-10941	788	46	-	-	PUNCT
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cblr-10941	788	50	-	-	PUNCT
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cblr-10941	788	52	[	[	X
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cblr-10941	789	33	.	.	PUNCT
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cblr-10941	790	1	=	=	X
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cblr-10941	792	6	,	,	PUNCT
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cblr-10941	792	12	motor	motor	NOUN
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cblr-10941	792	30	,	,	PUNCT
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cblr-10941	793	1	[	[	X
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cblr-10941	793	4	.	.	PUNCT
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cblr-10941	794	10	driverless	driverless	NOUN
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cblr-10941	794	12	,	,	PUNCT
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cblr-10941	795	38	[	[	X
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cblr-10941	796	3	-	-	PUNCT
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cblr-10941	796	12	of	of	ADP
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cblr-10941	796	19	apr	apr	PROPN
cblr-10941	796	20	.	.	PROPN
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cblr-10941	796	22	,	,	PUNCT
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cblr-10941	797	1	[	[	X
cblr-10941	797	2	https://perma.cc/569h-c8as	https://perma.cc/569h-c8as	NUM
cblr-10941	797	3	]	]	X
cblr-10941	797	4	.	.	PUNCT
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cblr-10941	798	2	see	see	NOUN
cblr-10941	798	3	hull	hull	NOUN
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cblr-10941	800	49	and	and	CCONJ
cblr-10941	800	50	sentenced	sentence	VERB
cblr-10941	800	51	to	to	ADP
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cblr-10941	800	69	.	.	PUNCT
cblr-10941	801	1	then	then	ADV
cblr-10941	801	2	,	,	PUNCT
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cblr-10941	801	5	18	18	NUM
cblr-10941	801	6	,	,	PUNCT
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cblr-10941	801	8	,	,	PUNCT
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cblr-10941	807	40	https://perma.cc/3u8zycpr	https://perma.cc/3u8zycpr	X
cblr-10941	807	41	]	]	X
cblr-10941	807	42	.	.	PUNCT
cblr-10941	808	1	252	252	NUM
cblr-10941	808	2	arjun	arjun	PROPN
cblr-10941	808	3	kharpal	kharpal	NOUN
cblr-10941	808	4	,	,	PUNCT
cblr-10941	808	5	trump	trump	VERB
cblr-10941	808	6	pardons	pardon	NOUN
cblr-10941	808	7	anthony	anthony	PROPN
cblr-10941	808	8	levandowski	levandowski	PROPN
cblr-10941	808	9	,	,	PUNCT
cblr-10941	808	10	the	the	DET
cblr-10941	808	11	engineer	engineer	NOUN
cblr-10941	808	12	who	who	PRON
cblr-10941	808	13	stole	steal	VERB
cblr-10941	808	14	self	self	NOUN
cblr-10941	808	15	-	-	PUNCT
cblr-10941	808	16	driving	drive	VERB
cblr-10941	808	17	car	car	NOUN
cblr-10941	808	18	secrets	secret	NOUN
cblr-10941	808	19	from	from	ADP
cblr-10941	808	20	google	google	PROPN
cblr-10941	808	21	,	,	PUNCT
cblr-10941	808	22	cnbc	cnbc	PROPN
cblr-10941	808	23	(	(	PUNCT
cblr-10941	808	24	jan	jan	PROPN
cblr-10941	808	25	.	.	PROPN
cblr-10941	808	26	22	22	NUM
cblr-10941	808	27	,	,	PUNCT
cblr-10941	808	28	2021	2021	NUM
cblr-10941	808	29	,	,	PUNCT
cblr-10941	808	30	9:59	9:59	NUM
cblr-10941	808	31	am	am	NOUN
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cblr-10941	808	33	,	,	PUNCT
cblr-10941	808	34	https://www.cnbc.com/2021/01/20/anthony-levandowskipardoned-after-stealing-trade-secrets-from-google.html	https://www.cnbc.com/2021/01/20/anthony-levandowskipardoned-after-stealing-trade-secrets-from-google.html	VERB
cblr-10941	808	35	[	[	X
cblr-10941	808	36	https://perma.cc/rqf2-q85	https://perma.cc/rqf2-q85	NUM
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cblr-10941	808	39	.	.	PUNCT
cblr-10941	809	1	253	253	NUM
cblr-10941	809	2	daisuke	daisuke	PROPN
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cblr-10941	809	4	,	,	PUNCT
cblr-10941	809	5	self	self	NOUN
cblr-10941	809	6	-	-	PUNCT
cblr-10941	809	7	driving	drive	VERB
cblr-10941	809	8	uber	uber	ADJ
cblr-10941	809	9	car	car	NOUN
cblr-10941	809	10	kills	kill	VERB
cblr-10941	809	11	pedestrian	pedestrian	NOUN
cblr-10941	809	12	in	in	ADP
cblr-10941	809	13	arizona	arizona	PROPN
cblr-10941	809	14	,	,	PUNCT
cblr-10941	809	15	where	where	SCONJ
cblr-10941	809	16	robots	robot	NOUN
cblr-10941	809	17	roam	roam	PROPN
cblr-10941	809	18	,	,	PUNCT
cblr-10941	809	19	n.y	n.y	PROPN
cblr-10941	809	20	.	.	PROPN
cblr-10941	809	21	times	times	PROPN
cblr-10941	809	22	(	(	PUNCT
cblr-10941	809	23	mar	mar	PROPN
cblr-10941	809	24	.	.	PROPN
cblr-10941	809	25	19	19	NUM
cblr-10941	809	26	,	,	PUNCT
cblr-10941	809	27	2018	2018	NUM
cblr-10941	809	28	)	)	PUNCT
cblr-10941	809	29	,	,	PUNCT
cblr-10941	809	30	https://www.nytimes.com/2018/03/19/technology/uber-driverlessfatality.html	https://www.nytimes.com/2018/03/19/technology/uber-driverlessfatality.html	PROPN
cblr-10941	810	1	[	[	X
cblr-10941	810	2	https://perma.cc/4lu4-74wb	https://perma.cc/4lu4-74wb	X
cblr-10941	810	3	]	]	X
cblr-10941	810	4	.	.	PUNCT
cblr-10941	811	1	254	254	NUM
cblr-10941	811	2	i	i	PROPN
cblr-10941	811	3	d.	d.	PROPN
cblr-10941	811	4	255	255	NUM
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cblr-10941	811	10	.	.	PUNCT
cblr-10941	812	1	safety	safety	PROPN
cblr-10941	812	2	bd	bd	PROPN
cblr-10941	812	3	.	.	PROPN
cblr-10941	812	4	,	,	PUNCT
cblr-10941	812	5	‘	'	PUNCT
cblr-10941	812	6	inadequate	inadequate	ADJ
cblr-10941	812	7	safety	safety	NOUN
cblr-10941	812	8	culture	culture	NOUN
cblr-10941	812	9	’	'	PUNCT
cblr-10941	812	10	contributed	contribute	VERB
cblr-10941	812	11	to	to	PART
cblr-10941	812	12	uber	uber	VERB
cblr-10941	812	13	automated	automate	VERB
cblr-10941	812	14	test	test	NOUN
cblr-10941	812	15	vehicle	vehicle	NOUN
cblr-10941	812	16	crash	crash	NOUN
cblr-10941	812	17	ntsb	ntsb	NOUN
cblr-10941	812	18	calls	call	NOUN
cblr-10941	812	19	for	for	ADP
cblr-10941	812	20	910	910	PROPN
cblr-10941	812	21	columbia	columbia	PROPN
cblr-10941	812	22	business	business	NOUN
cblr-10941	812	23	law	law	PROPN
cblr-10941	812	24	review	review	NOUN
cblr-10941	812	25	[	[	X
cblr-10941	812	26	vol	vol	NOUN
cblr-10941	812	27	.	.	PUNCT
cblr-10941	813	1	2022	2022	NUM
cblr-10941	813	2	was	be	AUX
cblr-10941	813	3	able	able	ADJ
cblr-10941	813	4	to	to	PART
cblr-10941	813	5	raise	raise	VERB
cblr-10941	813	6	$	$	SYM
cblr-10941	813	7	1	1	NUM
cblr-10941	813	8	billion	billion	NUM
cblr-10941	813	9	in	in	ADP
cblr-10941	813	10	2019	2019	NUM
cblr-10941	813	11	from	from	ADP
cblr-10941	813	12	toyota	toyota	PROPN
cblr-10941	813	13	,	,	PUNCT
cblr-10941	813	14	the	the	DET
cblr-10941	813	15	auto	auto	NOUN
cblr-10941	813	16	parts	part	NOUN
cblr-10941	813	17	supplier	supplier	NOUN
cblr-10941	813	18	denso	denso	NOUN
cblr-10941	813	19	,	,	PUNCT
cblr-10941	813	20	and	and	CCONJ
cblr-10941	813	21	softbank.256	softbank.256	NOUN
cblr-10941	813	22	but	but	CCONJ
cblr-10941	813	23	its	its	PRON
cblr-10941	813	24	reputation	reputation	NOUN
cblr-10941	813	25	never	never	ADV
cblr-10941	813	26	fully	fully	ADV
cblr-10941	813	27	recovered	recover	VERB
cblr-10941	813	28	.	.	PUNCT
cblr-10941	814	1	in	in	ADP
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cblr-10941	814	3	,	,	PUNCT
cblr-10941	814	4	uber	uber	PROPN
cblr-10941	814	5	agreed	agree	VERB
cblr-10941	814	6	to	to	ADP
cblr-10941	814	7	a	a	DET
cblr-10941	814	8	deal	deal	NOUN
cblr-10941	814	9	in	in	ADP
cblr-10941	814	10	which	which	PRON
cblr-10941	814	11	it	it	PRON
cblr-10941	814	12	traded	trade	VERB
cblr-10941	814	13	the	the	DET
cblr-10941	814	14	assets	asset	NOUN
cblr-10941	814	15	of	of	ADP
cblr-10941	814	16	uber	uber	ADJ
cblr-10941	814	17	atg	atg	NOUN
cblr-10941	814	18	and	and	CCONJ
cblr-10941	814	19	$	$	SYM
cblr-10941	814	20	400	400	NUM
cblr-10941	814	21	million	million	NUM
cblr-10941	814	22	in	in	ADP
cblr-10941	814	23	cash	cash	NOUN
cblr-10941	814	24	to	to	ADP
cblr-10941	814	25	an	an	DET
cblr-10941	814	26	av	av	PROPN
cblr-10941	814	27	startup	startup	NOUN
cblr-10941	814	28	named	name	VERB
cblr-10941	814	29	aurora	aurora	PROPN
cblr-10941	814	30	in	in	ADP
cblr-10941	814	31	exchange	exchange	NOUN
cblr-10941	814	32	for	for	ADP
cblr-10941	814	33	40	40	NUM
cblr-10941	814	34	%	%	NOUN
cblr-10941	814	35	of	of	ADP
cblr-10941	814	36	aurora	aurora	PROPN
cblr-10941	814	37	’s	’s	PART
cblr-10941	814	38	equity.257	equity.257	NOUN
cblr-10941	814	39	uber	uber	PROPN
cblr-10941	814	40	gained	gain	VERB
cblr-10941	814	41	26	26	NUM
cblr-10941	814	42	%	%	NOUN
cblr-10941	814	43	of	of	ADP
cblr-10941	814	44	aurora	aurora	PROPN
cblr-10941	814	45	and	and	CCONJ
cblr-10941	814	46	uber	uber	ADJ
cblr-10941	814	47	atg	atg	PROPN
cblr-10941	814	48	’s	’s	PART
cblr-10941	814	49	outside	outside	ADJ
cblr-10941	814	50	investors	investor	NOUN
cblr-10941	814	51	gained	gain	VERB
cblr-10941	814	52	the	the	DET
cblr-10941	814	53	remaining	remain	VERB
cblr-10941	814	54	14%.258	14%.258	NUM
cblr-10941	814	55	after	after	ADP
cblr-10941	814	56	the	the	DET
cblr-10941	814	57	deal	deal	NOUN
cblr-10941	814	58	,	,	PUNCT
cblr-10941	814	59	aurora	aurora	PROPN
cblr-10941	814	60	,	,	PUNCT
cblr-10941	814	61	too	too	ADV
cblr-10941	814	62	,	,	PUNCT
cblr-10941	814	63	briefly	briefly	ADV
cblr-10941	814	64	resembled	resemble	VERB
cblr-10941	814	65	a	a	DET
cblr-10941	814	66	venture	venture	NOUN
cblr-10941	814	67	carveout	carveout	NOUN
cblr-10941	814	68	.	.	PUNCT
cblr-10941	815	1	it	it	PRON
cblr-10941	815	2	was	be	AUX
cblr-10941	815	3	a	a	DET
cblr-10941	815	4	private	private	ADJ
cblr-10941	815	5	company	company	NOUN
cblr-10941	815	6	with	with	ADP
cblr-10941	815	7	employee	employee	NOUN
cblr-10941	815	8	ownership	ownership	NOUN
cblr-10941	815	9	and	and	CCONJ
cblr-10941	815	10	outside	outside	ADP
cblr-10941	815	11	private	private	ADJ
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cblr-10941	815	14	uber	uber	ADJ
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cblr-10941	815	17	ready	ready	ADJ
cblr-10941	815	18	to	to	PART
cblr-10941	815	19	be	be	AUX
cblr-10941	815	20	a	a	DET
cblr-10941	815	21	parent	parent	NOUN
cblr-10941	815	22	—	—	PUNCT
cblr-10941	815	23	it	it	PRON
cblr-10941	815	24	had	have	VERB
cblr-10941	815	25	no	no	DET
cblr-10941	815	26	enthusiasm	enthusiasm	NOUN
cblr-10941	815	27	for	for	ADP
cblr-10941	815	28	continuing	continue	VERB
cblr-10941	815	29	to	to	PART
cblr-10941	815	30	fund	fund	VERB
cblr-10941	815	31	aurora	aurora	PROPN
cblr-10941	815	32	.	.	PUNCT
cblr-10941	816	1	uber	uber	PROPN
cblr-10941	816	2	sold	sell	VERB
cblr-10941	816	3	atg	atg	PROPN
cblr-10941	816	4	to	to	ADP
cblr-10941	816	5	aurora	aurora	PROPN
cblr-10941	816	6	under	under	ADP
cblr-10941	816	7	pressure	pressure	NOUN
cblr-10941	816	8	from	from	ADP
cblr-10941	816	9	public	public	ADJ
cblr-10941	816	10	investors	investor	NOUN
cblr-10941	816	11	to	to	PART
cblr-10941	816	12	get	get	VERB
cblr-10941	816	13	the	the	DET
cblr-10941	816	14	cash	cash	NOUN
cblr-10941	816	15	-	-	PUNCT
cblr-10941	816	16	hemorrhaging	hemorrhage	VERB
cblr-10941	816	17	subsidiary	subsidiary	NOUN
cblr-10941	816	18	off	off	ADP
cblr-10941	816	19	of	of	ADP
cblr-10941	816	20	its	its	PRON
cblr-10941	816	21	balance	balance	NOUN
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cblr-10941	816	28	federal	federal	ADJ
cblr-10941	816	29	review	review	NOUN
cblr-10941	816	30	process	process	NOUN
cblr-10941	816	31	for	for	ADP
cblr-10941	816	32	automated	automate	VERB
cblr-10941	816	33	vehicle	vehicle	NOUN
cblr-10941	816	34	testing	testing	NOUN
cblr-10941	816	35	on	on	ADP
cblr-10941	816	36	public	public	ADJ
cblr-10941	816	37	roads	road	NOUN
cblr-10941	816	38	(	(	PUNCT
cblr-10941	816	39	nov	nov	PROPN
cblr-10941	816	40	.	.	PROPN
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cblr-10941	816	42	,	,	PUNCT
cblr-10941	816	43	2019	2019	NUM
cblr-10941	816	44	)	)	PUNCT
cblr-10941	816	45	,	,	PUNCT
cblr-10941	817	1	https://www.ntsb.gov/news/pressreleases/pages/nr20191119c.aspx	https://www.ntsb.gov/news/pressreleases/pages/nr20191119c.aspx	NOUN
cblr-10941	818	1	[	[	X
cblr-10941	818	2	https://perma.cc/eq7p-g35v	https://perma.cc/eq7p-g35v	X
cblr-10941	818	3	]	]	X
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cblr-10941	819	6	,	,	PUNCT
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cblr-10941	819	9	softbank	softbank	PROPN
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cblr-10941	819	13	invest	invest	VERB
cblr-10941	819	14	$	$	SYM
cblr-10941	819	15	1	1	NUM
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cblr-10941	820	3	]	]	X
cblr-10941	820	4	.	.	PUNCT
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cblr-10941	821	6	hull	hull	PROPN
cblr-10941	821	7	,	,	PUNCT
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cblr-10941	822	1	[	[	X
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cblr-10941	824	1	[	[	X
cblr-10941	824	2	https://perma.cc/f227-77cx	https://perma.cc/f227-77cx	NOUN
cblr-10941	824	3	]	]	PUNCT
cblr-10941	824	4	.	.	PUNCT
cblr-10941	825	1	259	259	NUM
cblr-10941	825	2	see	see	VERB
cblr-10941	825	3	dana	dana	PROPN
cblr-10941	825	4	hull	hull	PROPN
cblr-10941	825	5	,	,	PUNCT
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cblr-10941	825	8	-	-	PUNCT
cblr-10941	825	9	driving	drive	VERB
cblr-10941	825	10	dream	dream	NOUN
cblr-10941	825	11	team	team	NOUN
cblr-10941	825	12	gets	get	VERB
cblr-10941	825	13	$	$	SYM
cblr-10941	825	14	530	530	NUM
cblr-10941	825	15	million	million	NUM
cblr-10941	825	16	from	from	ADP
cblr-10941	825	17	sequoia	sequoia	PROPN
cblr-10941	825	18	,	,	PUNCT
cblr-10941	825	19	amazon	amazon	PROPN
cblr-10941	825	20	,	,	PUNCT
cblr-10941	825	21	bloomberg	bloomberg	PROPN
cblr-10941	825	22	(	(	PUNCT
cblr-10941	825	23	feb	feb	PROPN
cblr-10941	825	24	.	.	PROPN
cblr-10941	825	25	7	7	NUM
cblr-10941	825	26	,	,	PUNCT
cblr-10941	825	27	2019	2019	NUM
cblr-10941	825	28	,	,	PUNCT
cblr-10941	825	29	11:00	11:00	NUM
cblr-10941	825	30	am	am	NOUN
cblr-10941	825	31	)	)	PUNCT
cblr-10941	825	32	,	,	PUNCT
cblr-10941	825	33	https://www.bloomberg.com/news/articles/2019-02-07/aurora-self-drivingstartup-gets-funding-from-sequoia-amazon	https://www.bloomberg.com/news/articles/2019-02-07/aurora-self-drivingstartup-gets-funding-from-sequoia-amazon	VERB
cblr-10941	825	34	[	[	X
cblr-10941	825	35	https://perma.cc/rhs8-qnhs	https://perma.cc/rhs8-qnhs	X
cblr-10941	825	36	]	]	X
cblr-10941	825	37	(	(	PUNCT
cblr-10941	825	38	reporting	report	VERB
cblr-10941	825	39	aurora	aurora	PROPN
cblr-10941	825	40	’s	’s	PART
cblr-10941	825	41	fundraising	fundraising	NOUN
cblr-10941	825	42	before	before	ADP
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cblr-10941	825	45	deal	deal	NOUN
cblr-10941	825	46	)	)	PUNCT
cblr-10941	825	47	.	.	PUNCT
cblr-10941	826	1	260	260	NUM
cblr-10941	826	2	see	see	VERB
cblr-10941	826	3	julia	julia	PROPN
cblr-10941	826	4	mericle	mericle	PROPN
cblr-10941	826	5	,	,	PUNCT
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cblr-10941	826	7	’s	’	VERB
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cblr-10941	826	16	it	it	PRON
cblr-10941	826	17	means	mean	VERB
cblr-10941	826	18	for	for	ADP
cblr-10941	826	19	the	the	DET
cblr-10941	826	20	industry	industry	NOUN
cblr-10941	826	21	,	,	PUNCT
cblr-10941	827	1	pitt	pitt	PROPN
cblr-10941	827	2	.	.	PROPN
cblr-10941	827	3	bus	bus	PROPN
cblr-10941	827	4	.	.	PUNCT
cblr-10941	828	1	times	times	PROPN
cblr-10941	828	2	(	(	PUNCT
cblr-10941	828	3	nov	nov	PROPN
cblr-10941	828	4	.	.	PROPN
cblr-10941	828	5	17	17	NUM
cblr-10941	828	6	,	,	PUNCT
cblr-10941	828	7	2020	2020	NUM
cblr-10941	828	8	,	,	PUNCT
cblr-10941	828	9	11:49	11:49	NUM
cblr-10941	828	10	am	am	NOUN
cblr-10941	828	11	)	)	PUNCT
cblr-10941	828	12	,	,	PUNCT
cblr-10941	828	13	https://www.bizjournals.com/pittsburgh/news/2020/11/17/heres-why-ubermay-sell-its-atg.html	https://www.bizjournals.com/pittsburgh/news/2020/11/17/heres-why-ubermay-sell-its-atg.html	X
cblr-10941	828	14	,	,	PUNCT
cblr-10941	829	1	[	[	X
cblr-10941	829	2	https://perma.cc/qr9g-qtky	https://perma.cc/qr9g-qtky	X
cblr-10941	829	3	]	]	X
cblr-10941	829	4	.	.	PUNCT
cblr-10941	830	1	no	no	INTJ
cblr-10941	830	2	.	.	PUNCT
cblr-10941	831	1	2:859	2:859	NUM
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cblr-10941	831	3	moonshots	moonshot	NOUN
cblr-10941	831	4	911	911	NUM
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cblr-10941	831	6	through	through	ADP
cblr-10941	831	7	a	a	DET
cblr-10941	831	8	special	special	ADJ
cblr-10941	831	9	purpose	purpose	NOUN
cblr-10941	831	10	acquisition	acquisition	NOUN
cblr-10941	831	11	company	company	NOUN
cblr-10941	831	12	(	(	PUNCT
cblr-10941	831	13	spac).261	spac).261	PROPN
cblr-10941	831	14	there	there	PRON
cblr-10941	831	15	is	be	VERB
cblr-10941	831	16	another	another	DET
cblr-10941	831	17	company	company	NOUN
cblr-10941	831	18	developing	develop	VERB
cblr-10941	831	19	avs	avs	NOUN
cblr-10941	831	20	that	that	PRON
cblr-10941	831	21	may	may	AUX
cblr-10941	831	22	evolve	evolve	VERB
cblr-10941	831	23	into	into	ADP
cblr-10941	831	24	a	a	DET
cblr-10941	831	25	venture	venture	NOUN
cblr-10941	831	26	carveout	carveout	NOUN
cblr-10941	831	27	.	.	PUNCT
cblr-10941	832	1	like	like	ADP
cblr-10941	832	2	uber	uber	NOUN
cblr-10941	832	3	,	,	PUNCT
cblr-10941	832	4	lyft	lyft	NOUN
cblr-10941	832	5	briefly	briefly	ADV
cblr-10941	832	6	experimented	experiment	VERB
cblr-10941	832	7	with	with	ADP
cblr-10941	832	8	developing	develop	VERB
cblr-10941	832	9	avs	avs	NOUN
cblr-10941	832	10	in	in	ADP
cblr-10941	832	11	-	-	PUNCT
cblr-10941	832	12	house.262	house.262	NOUN
cblr-10941	832	13	also	also	ADV
cblr-10941	832	14	like	like	ADP
cblr-10941	832	15	uber	uber	NOUN
cblr-10941	832	16	,	,	PUNCT
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cblr-10941	832	19	pressure	pressure	NOUN
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cblr-10941	832	21	public	public	ADJ
cblr-10941	832	22	shareholders	shareholder	NOUN
cblr-10941	832	23	to	to	PART
cblr-10941	832	24	stop	stop	VERB
cblr-10941	832	25	tying	tie	VERB
cblr-10941	832	26	its	its	PRON
cblr-10941	832	27	moneylosing	moneylosing	NOUN
cblr-10941	832	28	ride	ride	NOUN
cblr-10941	832	29	-	-	PUNCT
cblr-10941	832	30	hailing	hail	VERB
cblr-10941	832	31	business	business	NOUN
cblr-10941	832	32	to	to	ADP
cblr-10941	832	33	a	a	DET
cblr-10941	832	34	money	money	NOUN
cblr-10941	832	35	-	-	PUNCT
cblr-10941	832	36	losing	lose	VERB
cblr-10941	832	37	av	av	NOUN
cblr-10941	832	38	r&d	r&d	NOUN
cblr-10941	832	39	project.263	project.263	PROPN
cblr-10941	832	40	in	in	ADP
cblr-10941	832	41	2021	2021	NUM
cblr-10941	832	42	,	,	PUNCT
cblr-10941	832	43	lyft	lyft	NOUN
cblr-10941	832	44	sold	sell	VERB
cblr-10941	832	45	its	its	PRON
cblr-10941	832	46	av	av	PROPN
cblr-10941	832	47	project	project	NOUN
cblr-10941	832	48	to	to	ADP
cblr-10941	832	49	woven	weave	VERB
cblr-10941	832	50	planet	planet	NOUN
cblr-10941	832	51	holdings	holding	NOUN
cblr-10941	832	52	,	,	PUNCT
cblr-10941	832	53	a	a	DET
cblr-10941	832	54	subsidiary	subsidiary	NOUN
cblr-10941	832	55	of	of	ADP
cblr-10941	832	56	toyota.264	toyota.264	NOUN
cblr-10941	832	57	woven	weave	VERB
cblr-10941	832	58	planet	planet	NOUN
cblr-10941	832	59	is	be	AUX
cblr-10941	832	60	a	a	DET
cblr-10941	832	61	diversified	diversified	ADJ
cblr-10941	832	62	holding	hold	VERB
cblr-10941	832	63	company	company	NOUN
cblr-10941	832	64	that	that	PRON
cblr-10941	832	65	plans	plan	VERB
cblr-10941	832	66	to	to	PART
cblr-10941	832	67	build	build	VERB
cblr-10941	832	68	a	a	DET
cblr-10941	832	69	“	"	PUNCT
cblr-10941	832	70	smart	smart	ADJ
cblr-10941	832	71	city	city	NOUN
cblr-10941	832	72	”	"	PUNCT
cblr-10941	832	73	in	in	ADP
cblr-10941	832	74	japan.265	japan.265	NOUN
cblr-10941	832	75	it	it	PRON
cblr-10941	832	76	remains	remain	VERB
cblr-10941	832	77	to	to	PART
cblr-10941	832	78	be	be	AUX
cblr-10941	832	79	seen	see	VERB
cblr-10941	832	80	whether	whether	SCONJ
cblr-10941	832	81	toyota	toyota	PROPN
cblr-10941	832	82	will	will	AUX
cblr-10941	832	83	give	give	VERB
cblr-10941	832	84	employees	employee	NOUN
cblr-10941	832	85	equity	equity	NOUN
cblr-10941	832	86	ownership	ownership	NOUN
cblr-10941	832	87	in	in	ADP
cblr-10941	832	88	the	the	DET
cblr-10941	832	89	subsidiary	subsidiary	NOUN
cblr-10941	832	90	or	or	CCONJ
cblr-10941	832	91	seek	seek	VERB
cblr-10941	832	92	outside	outside	ADJ
cblr-10941	832	93	funding	funding	NOUN
cblr-10941	832	94	.	.	PUNCT
cblr-10941	833	1	two	two	NUM
cblr-10941	833	2	of	of	ADP
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cblr-10941	833	4	serious	serious	ADJ
cblr-10941	833	5	players	player	NOUN
cblr-10941	833	6	developing	develop	VERB
cblr-10941	833	7	fully	fully	ADV
cblr-10941	833	8	autonomous	autonomous	ADJ
cblr-10941	833	9	vehicles	vehicle	NOUN
cblr-10941	833	10	in	in	ADP
cblr-10941	833	11	the	the	DET
cblr-10941	833	12	united	united	PROPN
cblr-10941	833	13	states	states	PROPN
cblr-10941	833	14	are	be	AUX
cblr-10941	833	15	n’t	not	PART
cblr-10941	833	16	using	use	VERB
cblr-10941	833	17	venture	venture	NOUN
cblr-10941	833	18	carveouts	carveout	NOUN
cblr-10941	833	19	.	.	PUNCT
cblr-10941	834	1	apple	apple	NOUN
cblr-10941	834	2	has	have	AUX
cblr-10941	834	3	been	be	AUX
cblr-10941	834	4	working	work	VERB
cblr-10941	834	5	to	to	PART
cblr-10941	834	6	develop	develop	VERB
cblr-10941	834	7	avs	avs	NOUN
cblr-10941	834	8	for	for	ADP
cblr-10941	834	9	several	several	ADJ
cblr-10941	834	10	years	year	NOUN
cblr-10941	834	11	,	,	PUNCT
cblr-10941	834	12	but	but	CCONJ
cblr-10941	834	13	has	have	AUX
cblr-10941	834	14	been	be	AUX
cblr-10941	834	15	characteristically	characteristically	ADV
cblr-10941	834	16	cagey	cagey	ADJ
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cblr-10941	834	18	its	its	PRON
cblr-10941	834	19	plans.266	plans.266	NOUN
cblr-10941	834	20	amazon	amazon	PROPN
cblr-10941	834	21	261	261	NUM
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cblr-10941	834	25	,	,	PUNCT
cblr-10941	834	26	autonomous	autonomous	ADJ
cblr-10941	834	27	vehicle	vehicle	NOUN
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cblr-10941	834	30	is	be	AUX
cblr-10941	834	31	now	now	ADV
cblr-10941	834	32	a	a	DET
cblr-10941	834	33	publicly	publicly	ADV
cblr-10941	834	34	traded	trade	VERB
cblr-10941	834	35	company	company	NOUN
cblr-10941	834	36	,	,	PUNCT
cblr-10941	834	37	verge	verge	NOUN
cblr-10941	834	38	(	(	PUNCT
cblr-10941	834	39	nov	nov	PROPN
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cblr-10941	834	42	,	,	PUNCT
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cblr-10941	834	44	,	,	PUNCT
cblr-10941	834	45	10:54	10:54	NUM
cblr-10941	834	46	am	am	NOUN
cblr-10941	834	47	)	)	PUNCT
cblr-10941	834	48	,	,	PUNCT
cblr-10941	834	49	https://www.theverge.com/2021/11/4/22763180/aurora-av-spac-mergernasdaq-publicly-traded-urmson	https://www.theverge.com/2021/11/4/22763180/aurora-av-spac-mergernasdaq-publicly-traded-urmson	NOUN
cblr-10941	835	1	[	[	X
cblr-10941	835	2	https://perma.cc/u6v2-88n8	https://perma.cc/u6v2-88n8	X
cblr-10941	835	3	]	]	X
cblr-10941	835	4	.	.	PUNCT
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cblr-10941	836	2	sarah	sarah	PROPN
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cblr-10941	836	4	,	,	PUNCT
cblr-10941	836	5	lyft	lyft	NOUN
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cblr-10941	836	7	a	a	DET
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cblr-10941	836	10	-	-	PUNCT
cblr-10941	836	11	driving	drive	VERB
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cblr-10941	836	13	and	and	CCONJ
cblr-10941	836	14	will	will	AUX
cblr-10941	836	15	develop	develop	VERB
cblr-10941	836	16	its	its	PRON
cblr-10941	836	17	own	own	ADJ
cblr-10941	836	18	autonomous	autonomous	ADJ
cblr-10941	836	19	ride	ride	NOUN
cblr-10941	836	20	-	-	PUNCT
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cblr-10941	836	23	,	,	PUNCT
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cblr-10941	836	28	,	,	PUNCT
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cblr-10941	836	30	,	,	PUNCT
cblr-10941	836	31	11:00	11:00	NUM
cblr-10941	836	32	am	am	NOUN
cblr-10941	836	33	)	)	PUNCT
cblr-10941	836	34	,	,	PUNCT
cblr-10941	836	35	https://techcrunch.com/2017/07/21/lyft-launches-anew-self-driving-division-called-level-5-will-develop-its-own-self-drivingsystem/	https://techcrunch.com/2017/07/21/lyft-launches-anew-self-driving-division-called-level-5-will-develop-its-own-self-drivingsystem/	NOUN
cblr-10941	837	1	[	[	X
cblr-10941	837	2	https://perma.cc/c3gu-92cp	https://perma.cc/c3gu-92cp	X
cblr-10941	837	3	]	]	X
cblr-10941	837	4	.	.	PUNCT
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cblr-10941	838	8	on	on	ADP
cblr-10941	838	9	driverless	driverless	NOUN
cblr-10941	838	10	cars	car	NOUN
cblr-10941	838	11	to	to	PART
cblr-10941	838	12	fix	fix	VERB
cblr-10941	838	13	lyft	lyft	NOUN
cblr-10941	838	14	’s	’s	PART
cblr-10941	838	15	profitability	profitability	NOUN
cblr-10941	838	16	struggles	struggle	NOUN
cblr-10941	838	17	,	,	PUNCT
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cblr-10941	838	19	(	(	PUNCT
cblr-10941	838	20	apr	apr	PROPN
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cblr-10941	838	26	,	,	PUNCT
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cblr-10941	838	28	[	[	X
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cblr-10941	838	30	]	]	PUNCT
cblr-10941	838	31	.	.	PUNCT
cblr-10941	839	1	264	264	NUM
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cblr-10941	839	4	,	,	PUNCT
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cblr-10941	839	6	,	,	PUNCT
cblr-10941	839	7	woven	woven	ADJ
cblr-10941	839	8	planet	planet	NOUN
cblr-10941	839	9	,	,	PUNCT
cblr-10941	839	10	a	a	DET
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cblr-10941	839	13	toyota	toyota	PROPN
cblr-10941	839	14	,	,	PUNCT
cblr-10941	839	15	to	to	PART
cblr-10941	839	16	acquire	acquire	VERB
cblr-10941	839	17	lyft	lyft	PROPN
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cblr-10941	839	21	driving	drive	VERB
cblr-10941	839	22	car	car	NOUN
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cblr-10941	839	25	apr	apr	PROPN
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cblr-10941	840	1	[	[	X
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cblr-10941	845	3	.	.	PUNCT
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cblr-10941	857	31	vw	vw	PROPN
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cblr-10941	857	34	(	(	PUNCT
cblr-10941	857	35	2020)272	2020)272	PROPN
cblr-10941	857	36	cruise	cruise	NOUN
cblr-10941	857	37	venture	venture	NOUN
cblr-10941	857	38	carveout	carveout	NOUN
cblr-10941	857	39	gm	gm	PROPN
cblr-10941	857	40	/	/	SYM
cblr-10941	857	41	honda	honda	PROPN
cblr-10941	857	42	$	$	SYM
cblr-10941	857	43	30b	30b	NOUN
cblr-10941	857	44	(	(	PUNCT
cblr-10941	857	45	2021)273	2021)273	PROPN
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cblr-10941	857	54	(	(	PUNCT
cblr-10941	857	55	2020)274	2020)274	NUM
cblr-10941	857	56	waymo	waymo	ADJ
cblr-10941	857	57	venture	venture	NOUN
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cblr-10941	857	59	alphabet	alphabet	VERB
cblr-10941	857	60	$	$	SYM
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cblr-10941	857	62	(	(	PUNCT
cblr-10941	857	63	2020)275	2020)275	NUM
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cblr-10941	858	3	(	(	PUNCT
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cblr-10941	858	5	zoox	zoox	NOUN
cblr-10941	858	6	integrated	integrate	VERB
cblr-10941	858	7	amazon	amazon	NOUN
cblr-10941	858	8	$	$	SYM
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cblr-10941	858	10	(	(	PUNCT
cblr-10941	858	11	2020)277	2020)277	PROPN
cblr-10941	858	12	272	272	NUM
cblr-10941	858	13	kirsten	kirsten	NOUN
cblr-10941	858	14	korosec	korosec	PROPN
cblr-10941	858	15	,	,	PUNCT
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cblr-10941	858	17	-	-	PUNCT
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cblr-10941	858	19	startup	startup	NOUN
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cblr-10941	860	4	7.5	7.5	NUM
cblr-10941	860	5	billion	billion	NUM
cblr-10941	860	6	valuation	valuation	NOUN
cblr-10941	860	7	,	,	PUNCT
cblr-10941	860	8	techcrunch	techcrunch	PROPN
cblr-10941	860	9	(	(	PUNCT
cblr-10941	860	10	july	july	PROPN
cblr-10941	860	11	30	30	NUM
cblr-10941	860	12	,	,	PUNCT
cblr-10941	860	13	2020	2020	NUM
cblr-10941	860	14	,	,	PUNCT
cblr-10941	860	15	8:41	8:41	NUM
cblr-10941	860	16	pm	pm	NOUN
cblr-10941	860	17	)	)	PUNCT
cblr-10941	860	18	,	,	PUNCT
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cblr-10941	860	21	.	.	PUNCT
cblr-10941	861	1	273	273	NUM
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cblr-10941	861	3	,	,	PUNCT
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cblr-10941	861	5	note	note	NOUN
cblr-10941	861	6	49	49	NUM
cblr-10941	861	7	.	.	PUNCT
cblr-10941	862	1	274	274	NUM
cblr-10941	862	2	jin	jin	NOUN
cblr-10941	862	3	&	&	CCONJ
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cblr-10941	862	5	,	,	PUNCT
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cblr-10941	862	8	245	245	NUM
cblr-10941	862	9	.	.	PUNCT
cblr-10941	863	1	275	275	NUM
cblr-10941	863	2	richard	richard	NOUN
cblr-10941	863	3	waters	water	NOUN
cblr-10941	863	4	,	,	PUNCT
cblr-10941	863	5	valued	value	VERB
cblr-10941	863	6	at	at	ADP
cblr-10941	863	7	$	$	SYM
cblr-10941	863	8	30bn	30bn	NOUN
cblr-10941	863	9	,	,	PUNCT
cblr-10941	863	10	waymo	waymo	PROPN
cblr-10941	863	11	considers	consider	VERB
cblr-10941	863	12	its	its	PRON
cblr-10941	863	13	next	next	ADJ
cblr-10941	863	14	move	move	NOUN
cblr-10941	863	15	,	,	PUNCT
cblr-10941	863	16	fin	fin	NOUN
cblr-10941	863	17	.	.	PUNCT
cblr-10941	864	1	times	times	PROPN
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cblr-10941	864	3	mar	mar	PROPN
cblr-10941	864	4	.	.	PROPN
cblr-10941	864	5	5	5	NUM
cblr-10941	864	6	,	,	PUNCT
cblr-10941	864	7	2020	2020	NUM
cblr-10941	864	8	)	)	PUNCT
cblr-10941	864	9	,	,	PUNCT
cblr-10941	864	10	https://www.ft.com/content/ed8dc4ca-5eaf-11ea-b0ab339c2307bcd4	https://www.ft.com/content/ed8dc4ca-5eaf-11ea-b0ab339c2307bcd4	PROPN
cblr-10941	865	1	[	[	X
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cblr-10941	865	4	.	.	PUNCT
cblr-10941	866	1	276	276	NUM
cblr-10941	866	2	tina	tina	PROPN
cblr-10941	866	3	bellon	bellon	PROPN
cblr-10941	866	4	&	&	CCONJ
cblr-10941	866	5	eimi	eimi	PROPN
cblr-10941	866	6	yamamitsu	yamamitsu	PROPN
cblr-10941	866	7	,	,	PUNCT
cblr-10941	866	8	toyota	toyota	PROPN
cblr-10941	866	9	to	to	PART
cblr-10941	866	10	buy	buy	VERB
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cblr-10941	866	12	unit	unit	NOUN
cblr-10941	866	13	in	in	ADP
cblr-10941	866	14	boost	boost	NOUN
cblr-10941	866	15	to	to	ADP
cblr-10941	866	16	selfdriving	selfdriving	NOUN
cblr-10941	866	17	plans	plan	NOUN
cblr-10941	866	18	,	,	PUNCT
cblr-10941	866	19	reuters	reuter	NOUN
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cblr-10941	866	21	apr	apr	PROPN
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cblr-10941	866	24	,	,	PUNCT
cblr-10941	866	25	2021	2021	NUM
cblr-10941	866	26	,	,	PUNCT
cblr-10941	866	27	4:13	4:13	NUM
cblr-10941	866	28	pm	pm	NOUN
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cblr-10941	866	30	,	,	PUNCT
cblr-10941	866	31	https://www.reuters.com/business/autos-transportation/lyft-sells-self-drivingtech-unit-toyota-550-mln-moves-up-profit-timeline-2021-04-26/	https://www.reuters.com/business/autos-transportation/lyft-sells-self-drivingtech-unit-toyota-550-mln-moves-up-profit-timeline-2021-04-26/	ADP
cblr-10941	866	32	[	[	X
cblr-10941	866	33	https://perma.cc/5p56-a6c3	https://perma.cc/5p56-a6c3	NOUN
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cblr-10941	866	35	.	.	PUNCT
cblr-10941	867	1	277	277	NUM
cblr-10941	867	2	nellis	nellis	PROPN
cblr-10941	867	3	&	&	CCONJ
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cblr-10941	867	5	,	,	PUNCT
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cblr-10941	868	2	914	914	NUM
cblr-10941	868	3	columbia	columbia	PROPN
cblr-10941	868	4	business	business	NOUN
cblr-10941	868	5	law	law	PROPN
cblr-10941	868	6	review	review	NOUN
cblr-10941	868	7	[	[	X
cblr-10941	868	8	vol	vol	NOUN
cblr-10941	868	9	.	.	PUNCT
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cblr-10941	868	20	structural	structural	ADJ
cblr-10941	868	21	features	feature	NOUN
cblr-10941	868	22	that	that	SCONJ
cblr-10941	868	23	venture	venture	NOUN
cblr-10941	868	24	-	-	PUNCT
cblr-10941	868	25	backed	back	VERB
cblr-10941	868	26	startups	startup	NOUN
cblr-10941	868	27	use	use	VERB
cblr-10941	868	28	to	to	PART
cblr-10941	868	29	solve	solve	VERB
cblr-10941	868	30	the	the	DET
cblr-10941	868	31	motivation	motivation	NOUN
cblr-10941	868	32	problem	problem	NOUN
cblr-10941	868	33	.	.	PUNCT
cblr-10941	869	1	they	they	PRON
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cblr-10941	869	10	stock	stock	NOUN
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cblr-10941	869	13	carveout.278	carveout.278	NOUN
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cblr-10941	869	17	attracts	attract	VERB
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cblr-10941	869	27	business	business	NOUN
cblr-10941	869	28	plan	plan	NOUN
cblr-10941	869	29	and	and	CCONJ
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cblr-10941	869	31	tolerate	tolerate	VERB
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cblr-10941	870	6	to	to	PART
cblr-10941	870	7	develop	develop	VERB
cblr-10941	870	8	the	the	DET
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cblr-10941	870	10	into	into	ADP
cblr-10941	870	11	a	a	DET
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cblr-10941	871	4	locked	lock	VERB
cblr-10941	871	5	in	in	ADP
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cblr-10941	871	7	the	the	DET
cblr-10941	871	8	carveout	carveout	NOUN
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cblr-10941	871	10	acquired	acquire	VERB
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cblr-10941	871	20	allow	allow	VERB
cblr-10941	871	21	them	they	PRON
cblr-10941	871	22	to	to	PART
cblr-10941	871	23	sell	sell	VERB
cblr-10941	871	24	their	their	PRON
cblr-10941	871	25	stock	stock	NOUN
cblr-10941	871	26	in	in	ADP
cblr-10941	871	27	a	a	DET
cblr-10941	871	28	secondary	secondary	ADJ
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cblr-10941	871	30	transaction	transaction	NOUN
cblr-10941	871	31	.	.	PUNCT
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cblr-10941	872	5	a	a	DET
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cblr-10941	872	7	function	function	NOUN
cblr-10941	872	8	:	:	PUNCT
cblr-10941	872	9	employees	employee	NOUN
cblr-10941	872	10	have	have	VERB
cblr-10941	872	11	a	a	DET
cblr-10941	872	12	strong	strong	ADJ
cblr-10941	872	13	incentive	incentive	NOUN
cblr-10941	872	14	to	to	PART
cblr-10941	872	15	keep	keep	VERB
cblr-10941	872	16	working	work	VERB
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cblr-10941	872	19	carveout	carveout	NOUN
cblr-10941	872	20	as	as	ADV
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cblr-10941	872	22	as	as	SCONJ
cblr-10941	872	23	they	they	PRON
cblr-10941	872	24	continue	continue	VERB
cblr-10941	872	25	to	to	PART
cblr-10941	872	26	believe	believe	VERB
cblr-10941	872	27	in	in	ADP
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cblr-10941	872	29	growth	growth	NOUN
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cblr-10941	873	4	illustrates	illustrate	VERB
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cblr-10941	874	10	cruise	cruise	PROPN
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cblr-10941	874	12	ceo	ceo	PROPN
cblr-10941	874	13	vogt	vogt	PROPN
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cblr-10941	874	15	techcrunch	techcrunch	PROPN
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cblr-10941	874	20	restructured	restructure	VERB
cblr-10941	874	21	“	"	PUNCT
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cblr-10941	874	35	direct	direct	ADJ
cblr-10941	874	36	participation	participation	NOUN
cblr-10941	874	37	in	in	ADP
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cblr-10941	874	39	upside	upside	NOUN
cblr-10941	874	40	in	in	ADP
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cblr-10941	874	42	through	through	ADP
cblr-10941	874	43	owning	own	VERB
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cblr-10941	875	2	in	in	ADP
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cblr-10941	875	6	article	article	NOUN
cblr-10941	875	7	,	,	PUNCT
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cblr-10941	875	34	it	it	PRON
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cblr-10941	875	41	the	the	DET
cblr-10941	875	42	google	google	NOUN
cblr-10941	875	43	’s	’s	NOUN
cblr-10941	875	44	of	of	ADP
cblr-10941	875	45	the	the	DET
cblr-10941	875	46	world	world	NOUN
cblr-10941	875	47	.	.	PUNCT
cblr-10941	875	48	.	.	PUNCT
cblr-10941	875	49	.	.	PUNCT
cblr-10941	876	1	the	the	DET
cblr-10941	876	2	potential	potential	NOUN
cblr-10941	876	3	for	for	ADP
cblr-10941	876	4	a	a	DET
cblr-10941	876	5	giant	giant	ADJ
cblr-10941	876	6	,	,	PUNCT
cblr-10941	876	7	strike	strike	NOUN
cblr-10941	876	8	-	-	PUNCT
cblr-10941	876	9	it	it	PRON
cblr-10941	876	10	-	-	PUNCT
cblr-10941	876	11	rich	rich	ADJ
cblr-10941	876	12	pay	pay	VERB
cblr-10941	876	13	out	out	ADP
cblr-10941	876	14	from	from	ADP
cblr-10941	876	15	an	an	DET
cblr-10941	876	16	ipo	ipo	NOUN
cblr-10941	876	17	is	be	AUX
cblr-10941	876	18	a	a	DET
cblr-10941	876	19	carrot	carrot	NOUN
cblr-10941	876	20	that	that	PRON
cblr-10941	876	21	will	will	AUX
cblr-10941	876	22	attract	attract	VERB
cblr-10941	876	23	and	and	CCONJ
cblr-10941	876	24	keep	keep	VERB
cblr-10941	876	25	talent	talent	NOUN
cblr-10941	876	26	that	that	PRON
cblr-10941	876	27	is	be	AUX
cblr-10941	876	28	in	in	ADP
cblr-10941	876	29	high	high	ADJ
cblr-10941	876	30	demand	demand	NOUN
cblr-10941	876	31	.	.	PUNCT
cblr-10941	877	1	”280	”280	VERB
cblr-10941	878	1	the	the	DET
cblr-10941	878	2	venture	venture	NOUN
cblr-10941	878	3	carveout	carveout	NOUN
cblr-10941	878	4	governance	governance	NOUN
cblr-10941	878	5	structure	structure	NOUN
cblr-10941	878	6	also	also	ADV
cblr-10941	878	7	reduces	reduce	VERB
cblr-10941	878	8	monitoring	monitoring	NOUN
cblr-10941	878	9	costs	cost	NOUN
cblr-10941	878	10	.	.	PUNCT
cblr-10941	879	1	the	the	DET
cblr-10941	879	2	directors	director	NOUN
cblr-10941	879	3	and	and	CCONJ
cblr-10941	879	4	managers	manager	NOUN
cblr-10941	879	5	of	of	ADP
cblr-10941	879	6	the	the	DET
cblr-10941	879	7	carveout	carveout	NOUN
cblr-10941	879	8	are	be	AUX
cblr-10941	879	9	more	more	ADV
cblr-10941	879	10	likely	likely	ADJ
cblr-10941	879	11	to	to	PART
cblr-10941	879	12	have	have	VERB
cblr-10941	879	13	a	a	DET
cblr-10941	879	14	relevant	relevant	ADJ
cblr-10941	879	15	technical	technical	ADJ
cblr-10941	879	16	background	background	NOUN
cblr-10941	879	17	than	than	ADP
cblr-10941	879	18	the	the	DET
cblr-10941	879	19	directors	director	NOUN
cblr-10941	879	20	and	and	CCONJ
cblr-10941	879	21	managers	manager	NOUN
cblr-10941	879	22	of	of	ADP
cblr-10941	879	23	their	their	PRON
cblr-10941	879	24	parent	parent	NOUN
cblr-10941	879	25	companies	company	NOUN
cblr-10941	879	26	.	.	PUNCT
cblr-10941	880	1	the	the	DET
cblr-10941	880	2	top	top	ADJ
cblr-10941	880	3	278	278	NUM
cblr-10941	880	4	see	see	NOUN
cblr-10941	880	5	supra	supra	PROPN
cblr-10941	880	6	notes	note	VERB
cblr-10941	880	7	232–233	232–233	NUM
cblr-10941	880	8	and	and	CCONJ
cblr-10941	880	9	accompanying	accompany	VERB
cblr-10941	880	10	text	text	NOUN
cblr-10941	880	11	.	.	PUNCT
cblr-10941	881	1	279	279	NUM
cblr-10941	881	2	korosec	korosec	ADJ
cblr-10941	881	3	,	,	PUNCT
cblr-10941	881	4	supra	supra	PROPN
cblr-10941	881	5	note	note	NOUN
cblr-10941	881	6	47	47	NUM
cblr-10941	881	7	.	.	NOUN
cblr-10941	882	1	280	280	NUM
cblr-10941	882	2	i	i	NOUN
cblr-10941	882	3	d.	d.	PROPN
cblr-10941	882	4	no	no	INTJ
cblr-10941	882	5	.	.	PUNCT
cblr-10941	883	1	2:859	2:859	NUM
cblr-10941	883	2	]	]	X
cblr-10941	883	3	moonshots	moonshot	NOUN
cblr-10941	883	4	915	915	NUM
cblr-10941	883	5	executives	executive	NOUN
cblr-10941	883	6	of	of	ADP
cblr-10941	883	7	waymo,281	waymo,281	PROPN
cblr-10941	883	8	cruise,282	cruise,282	PROPN
cblr-10941	883	9	argo,283	argo,283	PROPN
cblr-10941	883	10	and	and	CCONJ
cblr-10941	883	11	motional284	motional284	PROPN
cblr-10941	883	12	each	each	PRON
cblr-10941	883	13	participated	participate	VERB
cblr-10941	883	14	in	in	ADP
cblr-10941	883	15	the	the	DET
cblr-10941	883	16	darpa	darpa	ADJ
cblr-10941	883	17	challenges	challenge	NOUN
cblr-10941	883	18	.	.	PUNCT
cblr-10941	884	1	they	they	PRON
cblr-10941	884	2	do	do	AUX
cblr-10941	884	3	n’t	not	PART
cblr-10941	884	4	need	need	VERB
cblr-10941	884	5	to	to	PART
cblr-10941	884	6	convey	convey	VERB
cblr-10941	884	7	technical	technical	ADJ
cblr-10941	884	8	information	information	NOUN
cblr-10941	884	9	to	to	ADP
cblr-10941	884	10	a	a	DET
cblr-10941	884	11	non	non	ADJ
cblr-10941	884	12	-	-	ADJ
cblr-10941	884	13	technical	technical	ADJ
cblr-10941	884	14	management	management	NOUN
cblr-10941	884	15	layer	layer	NOUN
cblr-10941	884	16	on	on	ADP
cblr-10941	884	17	top	top	ADJ
cblr-10941	884	18	—	—	PUNCT
cblr-10941	884	19	they	they	PRON
cblr-10941	884	20	are	be	AUX
cblr-10941	884	21	the	the	DET
cblr-10941	884	22	decisionmakers	decisionmaker	NOUN
cblr-10941	884	23	.	.	PUNCT
cblr-10941	885	1	their	their	PRON
cblr-10941	885	2	expertise	expertise	NOUN
cblr-10941	885	3	makes	make	VERB
cblr-10941	885	4	it	it	PRON
cblr-10941	885	5	easier	easy	ADJ
cblr-10941	885	6	for	for	SCONJ
cblr-10941	885	7	them	they	PRON
cblr-10941	885	8	to	to	PART
cblr-10941	885	9	supervise	supervise	VERB
cblr-10941	885	10	engineers	engineer	NOUN
cblr-10941	885	11	,	,	PUNCT
cblr-10941	885	12	evaluate	evaluate	VERB
cblr-10941	885	13	their	their	PRON
cblr-10941	885	14	individual	individual	ADJ
cblr-10941	885	15	contributions	contribution	NOUN
cblr-10941	885	16	on	on	ADP
cblr-10941	885	17	technical	technical	ADJ
cblr-10941	885	18	tasks	task	NOUN
cblr-10941	885	19	,	,	PUNCT
cblr-10941	885	20	and	and	CCONJ
cblr-10941	885	21	assess	assess	VERB
cblr-10941	885	22	the	the	DET
cblr-10941	885	23	technology	technology	NOUN
cblr-10941	885	24	’s	’s	PART
cblr-10941	885	25	progress	progress	NOUN
cblr-10941	885	26	.	.	PUNCT
cblr-10941	886	1	the	the	DET
cblr-10941	886	2	carveout	carveout	NOUN
cblr-10941	886	3	structure	structure	NOUN
cblr-10941	886	4	also	also	ADV
cblr-10941	886	5	allows	allow	VERB
cblr-10941	886	6	the	the	DET
cblr-10941	886	7	managers	manager	NOUN
cblr-10941	886	8	to	to	PART
cblr-10941	886	9	focus	focus	VERB
cblr-10941	886	10	solely	solely	ADV
cblr-10941	886	11	on	on	ADP
cblr-10941	886	12	the	the	DET
cblr-10941	886	13	task	task	NOUN
cblr-10941	886	14	of	of	ADP
cblr-10941	886	15	bringing	bring	VERB
cblr-10941	886	16	av	av	PROPN
cblr-10941	886	17	technology	technology	NOUN
cblr-10941	886	18	to	to	ADP
cblr-10941	886	19	market	market	NOUN
cblr-10941	886	20	.	.	PUNCT
cblr-10941	887	1	they	they	PRON
cblr-10941	887	2	do	do	AUX
cblr-10941	887	3	n’t	not	PART
cblr-10941	887	4	need	need	VERB
cblr-10941	887	5	to	to	PART
cblr-10941	887	6	balance	balance	VERB
cblr-10941	887	7	the	the	DET
cblr-10941	887	8	other	other	ADJ
cblr-10941	887	9	concerns	concern	NOUN
cblr-10941	887	10	of	of	ADP
cblr-10941	887	11	a	a	DET
cblr-10941	887	12	traditional	traditional	ADJ
cblr-10941	887	13	automaker	automaker	NOUN
cblr-10941	887	14	or	or	CCONJ
cblr-10941	887	15	a	a	DET
cblr-10941	887	16	diversified	diversify	VERB
cblr-10941	887	17	technology	technology	NOUN
cblr-10941	887	18	company	company	NOUN
cblr-10941	887	19	.	.	PUNCT
cblr-10941	888	1	venture	venture	NOUN
cblr-10941	888	2	carveouts	carveout	NOUN
cblr-10941	888	3	also	also	ADV
cblr-10941	888	4	borrow	borrow	VERB
cblr-10941	888	5	some	some	PRON
cblr-10941	888	6	of	of	ADP
cblr-10941	888	7	the	the	DET
cblr-10941	888	8	structural	structural	ADJ
cblr-10941	888	9	features	feature	NOUN
cblr-10941	888	10	that	that	PRON
cblr-10941	888	11	vcs	vcs	PROPN
cblr-10941	888	12	use	use	VERB
cblr-10941	888	13	to	to	PART
cblr-10941	888	14	solve	solve	VERB
cblr-10941	888	15	the	the	DET
cblr-10941	888	16	monitoring	monitoring	NOUN
cblr-10941	888	17	problem	problem	NOUN
cblr-10941	888	18	.	.	PUNCT
cblr-10941	889	1	venture	venture	NOUN
cblr-10941	889	2	carveouts	carveout	NOUN
cblr-10941	889	3	have	have	VERB
cblr-10941	889	4	convertible	convertible	ADJ
cblr-10941	889	5	preferred	preferred	ADJ
cblr-10941	889	6	stock	stock	NOUN
cblr-10941	889	7	,	,	PUNCT
cblr-10941	889	8	staged	stage	VERB
cblr-10941	889	9	financing	financing	NOUN
cblr-10941	889	10	,	,	PUNCT
cblr-10941	889	11	syndication	syndication	NOUN
cblr-10941	889	12	,	,	PUNCT
cblr-10941	889	13	and	and	CCONJ
cblr-10941	889	14	board	board	NOUN
cblr-10941	889	15	meetings	meeting	NOUN
cblr-10941	889	16	where	where	SCONJ
cblr-10941	889	17	investors	investor	NOUN
cblr-10941	889	18	can	can	AUX
cblr-10941	889	19	absorb	absorb	VERB
cblr-10941	889	20	information	information	NOUN
cblr-10941	889	21	in	in	ADP
cblr-10941	889	22	private	private	ADJ
cblr-10941	889	23	.	.	PUNCT
cblr-10941	890	1	for	for	ADP
cblr-10941	890	2	example	example	NOUN
cblr-10941	890	3	,	,	PUNCT
cblr-10941	890	4	cruise	cruise	PROPN
cblr-10941	890	5	’s	’s	PART
cblr-10941	890	6	llc	llc	PROPN
cblr-10941	890	7	agreement	agreement	NOUN
cblr-10941	890	8	,	,	PUNCT
cblr-10941	890	9	which	which	PRON
cblr-10941	890	10	gm	gm	PROPN
cblr-10941	890	11	disclosed	disclose	VERB
cblr-10941	890	12	in	in	ADP
cblr-10941	890	13	a	a	DET
cblr-10941	890	14	securities	security	NOUN
cblr-10941	890	15	filing	filing	NOUN
cblr-10941	890	16	,	,	PUNCT
cblr-10941	890	17	indicates	indicate	VERB
cblr-10941	890	18	that	that	SCONJ
cblr-10941	890	19	some	some	PRON
cblr-10941	890	20	of	of	ADP
cblr-10941	890	21	cruise	cruise	PROPN
cblr-10941	890	22	’s	’s	PART
cblr-10941	890	23	investors	investor	NOUN
cblr-10941	890	24	are	be	AUX
cblr-10941	890	25	using	use	VERB
cblr-10941	890	26	convertible	convertible	ADJ
cblr-10941	890	27	preferred	prefer	VERB
cblr-10941	890	28	stock.285	stock.285	PROPN
cblr-10941	890	29	these	these	DET
cblr-10941	890	30	preferred	prefer	VERB
cblr-10941	890	31	shareholders	shareholder	NOUN
cblr-10941	890	32	have	have	VERB
cblr-10941	890	33	the	the	DET
cblr-10941	890	34	right	right	NOUN
cblr-10941	890	35	to	to	PART
cblr-10941	890	36	convert	convert	VERB
cblr-10941	890	37	their	their	PRON
cblr-10941	890	38	shares	share	NOUN
cblr-10941	890	39	to	to	ADP
cblr-10941	890	40	common	common	ADJ
cblr-10941	890	41	shares	share	NOUN
cblr-10941	890	42	to	to	PART
cblr-10941	890	43	participate	participate	VERB
cblr-10941	890	44	281	281	NUM
cblr-10941	890	45	see	see	NOUN
cblr-10941	890	46	hull	hull	NOUN
cblr-10941	890	47	,	,	PUNCT
cblr-10941	890	48	supra	supra	PROPN
cblr-10941	890	49	note	note	NOUN
cblr-10941	890	50	201	201	NUM
cblr-10941	890	51	(	(	PUNCT
cblr-10941	890	52	noting	note	VERB
cblr-10941	890	53	that	that	SCONJ
cblr-10941	890	54	waymo	waymo	ADJ
cblr-10941	890	55	co	co	NOUN
cblr-10941	890	56	-	-	PROPN
cblr-10941	890	57	ceo	ceo	PROPN
cblr-10941	890	58	dmitri	dmitri	PROPN
cblr-10941	890	59	dolgov	dolgov	PROPN
cblr-10941	890	60	worked	work	VERB
cblr-10941	890	61	on	on	ADP
cblr-10941	890	62	planning	planning	NOUN
cblr-10941	890	63	&	&	CCONJ
cblr-10941	890	64	optimization	optimization	NOUN
cblr-10941	890	65	for	for	ADP
cblr-10941	890	66	the	the	DET
cblr-10941	890	67	stanford	stanford	PROPN
cblr-10941	890	68	darpa	darpa	PROPN
cblr-10941	890	69	grand	grand	ADJ
cblr-10941	890	70	challenge	challenge	NOUN
cblr-10941	890	71	team	team	NOUN
cblr-10941	890	72	)	)	PUNCT
cblr-10941	890	73	.	.	PUNCT
cblr-10941	891	1	282	282	NUM
cblr-10941	891	2	see	see	VERB
cblr-10941	891	3	john	john	PROPN
cblr-10941	891	4	brandon	brandon	PROPN
cblr-10941	891	5	,	,	PUNCT
cblr-10941	891	6	meet	meet	VERB
cblr-10941	891	7	the	the	DET
cblr-10941	891	8	founder	founder	NOUN
cblr-10941	891	9	trying	try	VERB
cblr-10941	891	10	to	to	PART
cblr-10941	891	11	start	start	VERB
cblr-10941	891	12	the	the	DET
cblr-10941	891	13	selfdriving	selfdrive	VERB
cblr-10941	891	14	car	car	NOUN
cblr-10941	891	15	revolution	revolution	NOUN
cblr-10941	891	16	,	,	PUNCT
cblr-10941	891	17	inc	inc	PROPN
cblr-10941	891	18	.	.	PROPN
cblr-10941	891	19	(	(	PUNCT
cblr-10941	891	20	feb	feb	PROPN
cblr-10941	891	21	.	.	PROPN
cblr-10941	891	22	2015	2015	NUM
cblr-10941	891	23	)	)	PUNCT
cblr-10941	891	24	,	,	PUNCT
cblr-10941	891	25	https://www.inc.com/magazine/201502/john-brandon/the-new-cruisecontrol-kyle-vogt-cruise-automation.html	https://www.inc.com/magazine/201502/john-brandon/the-new-cruisecontrol-kyle-vogt-cruise-automation.html	PROPN
cblr-10941	891	26	[	[	X
cblr-10941	891	27	https://perma.cc/pw2s-vlcj	https://perma.cc/pw2s-vlcj	X
cblr-10941	891	28	]	]	X
cblr-10941	891	29	(	(	PUNCT
cblr-10941	891	30	noting	note	VERB
cblr-10941	891	31	that	that	SCONJ
cblr-10941	891	32	cruise	cruise	PROPN
cblr-10941	891	33	co	co	NOUN
cblr-10941	891	34	-	-	NOUN
cblr-10941	891	35	founder	founder	NOUN
cblr-10941	891	36	kyle	kyle	PROPN
cblr-10941	891	37	vogt	vogt	PROPN
cblr-10941	891	38	worked	work	VERB
cblr-10941	891	39	on	on	ADP
cblr-10941	891	40	the	the	DET
cblr-10941	891	41	2005	2005	NUM
cblr-10941	891	42	darpa	darpa	PROPN
cblr-10941	891	43	grand	grand	ADJ
cblr-10941	891	44	challenge	challenge	NOUN
cblr-10941	891	45	as	as	ADP
cblr-10941	891	46	an	an	DET
cblr-10941	891	47	mit	mit	NOUN
cblr-10941	891	48	undergrad	undergrad	NOUN
cblr-10941	891	49	)	)	PUNCT
cblr-10941	891	50	.	.	PUNCT
cblr-10941	892	1	283	283	NUM
cblr-10941	892	2	see	see	VERB
cblr-10941	892	3	hull	hull	NOUN
cblr-10941	892	4	,	,	PUNCT
cblr-10941	892	5	supra	supra	PROPN
cblr-10941	892	6	note	note	NOUN
cblr-10941	892	7	201	201	NUM
cblr-10941	892	8	(	(	PUNCT
cblr-10941	892	9	noting	note	VERB
cblr-10941	892	10	that	that	SCONJ
cblr-10941	892	11	argo	argo	PROPN
cblr-10941	892	12	’s	’s	PART
cblr-10941	892	13	then	then	ADV
cblr-10941	892	14	co	co	ADJ
cblr-10941	892	15	-	-	PROPN
cblr-10941	892	16	ceo	ceo	PROPN
cblr-10941	892	17	brian	brian	PROPN
cblr-10941	892	18	salesky	salesky	PROPN
cblr-10941	892	19	was	be	AUX
cblr-10941	892	20	the	the	DET
cblr-10941	892	21	software	software	NOUN
cblr-10941	892	22	lead	lead	NOUN
cblr-10941	892	23	of	of	ADP
cblr-10941	892	24	the	the	DET
cblr-10941	892	25	carnegie	carnegie	NOUN
cblr-10941	892	26	mellon	mellon	PROPN
cblr-10941	892	27	darpa	darpa	PROPN
cblr-10941	892	28	grand	grand	ADJ
cblr-10941	892	29	challenge	challenge	NOUN
cblr-10941	892	30	team	team	NOUN
cblr-10941	892	31	)	)	PUNCT
cblr-10941	892	32	.	.	PUNCT
cblr-10941	893	1	284	284	NUM
cblr-10941	893	2	see	see	VERB
cblr-10941	893	3	alan	alan	PROPN
cblr-10941	893	4	ohnsman	ohnsman	PROPN
cblr-10941	893	5	,	,	PUNCT
cblr-10941	893	6	driverless	driverless	ADJ
cblr-10941	893	7	tech	tech	NOUN
cblr-10941	893	8	pioneer	pioneer	NOUN
cblr-10941	893	9	predicts	predict	VERB
cblr-10941	893	10	multiple	multiple	ADJ
cblr-10941	893	11	winners	winner	NOUN
cblr-10941	893	12	in	in	ADP
cblr-10941	893	13	autonomous	autonomous	ADJ
cblr-10941	893	14	car	car	NOUN
cblr-10941	893	15	race	race	NOUN
cblr-10941	893	16	,	,	PUNCT
cblr-10941	893	17	forbes	forbes	PROPN
cblr-10941	893	18	(	(	PUNCT
cblr-10941	893	19	july	july	PROPN
cblr-10941	893	20	11	11	NUM
cblr-10941	893	21	,	,	PUNCT
cblr-10941	893	22	2017	2017	NUM
cblr-10941	893	23	,	,	PUNCT
cblr-10941	893	24	7:00	7:00	NUM
cblr-10941	893	25	am	am	NOUN
cblr-10941	893	26	)	)	PUNCT
cblr-10941	893	27	,	,	PUNCT
cblr-10941	893	28	https://www.forbes.com/sites/alanohnsman/2017/07/11/driverless-techpioneer-predicts-multiple-winners-in-autonomous-carrace/.	https://www.forbes.com/sites/alanohnsman/2017/07/11/driverless-techpioneer-predicts-multiple-winners-in-autonomous-carrace/.	PROPN
cblr-10941	893	29	.	.	PUNCT
cblr-10941	894	1	.sh=548a174c71a4	.sh=548a174c71a4	PUNCT
cblr-10941	895	1	[	[	X
cblr-10941	895	2	https://perma.cc/aw5v-vw7v	https://perma.cc/aw5v-vw7v	X
cblr-10941	895	3	]	]	X
cblr-10941	895	4	(	(	PUNCT
cblr-10941	895	5	noting	note	VERB
cblr-10941	895	6	that	that	SCONJ
cblr-10941	895	7	motional	motional	ADJ
cblr-10941	895	8	ceo	ceo	NOUN
cblr-10941	895	9	karl	karl	PROPN
cblr-10941	895	10	iagnemma	iagnemma	PROPN
cblr-10941	895	11	worked	work	VERB
cblr-10941	895	12	on	on	ADP
cblr-10941	895	13	mit	mit	PROPN
cblr-10941	895	14	’s	’s	PART
cblr-10941	895	15	darpa	darpa	PROPN
cblr-10941	895	16	grand	grand	ADJ
cblr-10941	895	17	challenge	challenge	NOUN
cblr-10941	895	18	team	team	NOUN
cblr-10941	895	19	)	)	PUNCT
cblr-10941	895	20	.	.	PUNCT
cblr-10941	896	1	285	285	NUM
cblr-10941	896	2	see	see	VERB
cblr-10941	896	3	gm	gm	PROPN
cblr-10941	896	4	cruise	cruise	PROPN
cblr-10941	896	5	holdings	holdings	PROPN
cblr-10941	896	6	llc	llc	PROPN
cblr-10941	896	7	,	,	PUNCT
cblr-10941	896	8	supra	supra	PROPN
cblr-10941	896	9	note	note	PROPN
cblr-10941	896	10	44	44	NUM
cblr-10941	896	11	,	,	PUNCT
cblr-10941	896	12	§	§	PROPN
cblr-10941	896	13	2.01(a	2.01(a	NUM
cblr-10941	896	14	)	)	PUNCT
cblr-10941	896	15	(	(	PUNCT
cblr-10941	896	16	stating	state	VERB
cblr-10941	896	17	that	that	SCONJ
cblr-10941	896	18	cruise	cruise	NOUN
cblr-10941	896	19	is	be	AUX
cblr-10941	896	20	authorized	authorize	VERB
cblr-10941	896	21	to	to	PART
cblr-10941	896	22	issue	issue	VERB
cblr-10941	896	23	multiple	multiple	ADJ
cblr-10941	896	24	classes	class	NOUN
cblr-10941	896	25	of	of	ADP
cblr-10941	896	26	preferred	preferred	ADJ
cblr-10941	896	27	shares	share	NOUN
cblr-10941	896	28	)	)	PUNCT
cblr-10941	896	29	.	.	PUNCT
cblr-10941	897	1	916	916	NUM
cblr-10941	897	2	columbia	columbia	PROPN
cblr-10941	897	3	business	business	NOUN
cblr-10941	897	4	law	law	PROPN
cblr-10941	897	5	review	review	NOUN
cblr-10941	897	6	[	[	X
cblr-10941	897	7	vol	vol	NOUN
cblr-10941	897	8	.	.	PUNCT
cblr-10941	897	9	2022	2022	NUM
cblr-10941	897	10	in	in	ADP
cblr-10941	897	11	the	the	DET
cblr-10941	897	12	upside.286	upside.286	ADJ
cblr-10941	897	13	they	they	PRON
cblr-10941	897	14	also	also	ADV
cblr-10941	897	15	have	have	VERB
cblr-10941	897	16	a	a	DET
cblr-10941	897	17	liquidation	liquidation	NOUN
cblr-10941	897	18	preference	preference	NOUN
cblr-10941	897	19	that	that	PRON
cblr-10941	897	20	allows	allow	VERB
cblr-10941	897	21	them	they	PRON
cblr-10941	897	22	to	to	PART
cblr-10941	897	23	recoup	recoup	VERB
cblr-10941	897	24	some	some	PRON
cblr-10941	897	25	or	or	CCONJ
cblr-10941	897	26	all	all	PRON
cblr-10941	897	27	of	of	ADP
cblr-10941	897	28	their	their	PRON
cblr-10941	897	29	investment	investment	NOUN
cblr-10941	897	30	in	in	ADP
cblr-10941	897	31	an	an	DET
cblr-10941	897	32	underwhelming	underwhelming	ADJ
cblr-10941	897	33	exit.287	exit.287	NOUN
cblr-10941	897	34	the	the	DET
cblr-10941	897	35	preferred	preferred	ADJ
cblr-10941	897	36	shareholders	shareholder	NOUN
cblr-10941	897	37	’	'	PUNCT
cblr-10941	897	38	liquidation	liquidation	NOUN
cblr-10941	897	39	preferences	preference	NOUN
cblr-10941	897	40	give	give	VERB
cblr-10941	897	41	the	the	DET
cblr-10941	897	42	managers	manager	NOUN
cblr-10941	897	43	who	who	PRON
cblr-10941	897	44	hold	hold	VERB
cblr-10941	897	45	common	common	ADJ
cblr-10941	897	46	shares	share	NOUN
cblr-10941	897	47	a	a	DET
cblr-10941	897	48	strong	strong	ADJ
cblr-10941	897	49	incentive	incentive	NOUN
cblr-10941	897	50	to	to	PART
cblr-10941	897	51	commercialize	commercialize	VERB
cblr-10941	897	52	the	the	DET
cblr-10941	897	53	technology	technology	NOUN
cblr-10941	897	54	and	and	CCONJ
cblr-10941	897	55	not	not	PART
cblr-10941	897	56	simply	simply	ADV
cblr-10941	897	57	sell	sell	VERB
cblr-10941	897	58	the	the	DET
cblr-10941	897	59	assets	asset	NOUN
cblr-10941	897	60	quickly	quickly	ADV
cblr-10941	897	61	to	to	PART
cblr-10941	897	62	make	make	VERB
cblr-10941	897	63	a	a	DET
cblr-10941	897	64	modest	modest	ADJ
cblr-10941	897	65	fortune	fortune	NOUN
cblr-10941	897	66	.	.	PUNCT
cblr-10941	898	1	waymo	waymo	NOUN
cblr-10941	898	2	and	and	CCONJ
cblr-10941	898	3	cruise	cruise	NOUN
cblr-10941	898	4	have	have	AUX
cblr-10941	898	5	been	be	AUX
cblr-10941	898	6	financed	finance	VERB
cblr-10941	898	7	in	in	ADP
cblr-10941	898	8	stages.288	stages.288	NOUN
cblr-10941	898	9	staged	stage	VERB
cblr-10941	898	10	financing	financing	NOUN
cblr-10941	898	11	enables	enable	VERB
cblr-10941	898	12	the	the	DET
cblr-10941	898	13	parent	parent	NOUN
cblr-10941	898	14	companies	company	NOUN
cblr-10941	898	15	and	and	CCONJ
cblr-10941	898	16	outside	outside	ADP
cblr-10941	898	17	private	private	ADJ
cblr-10941	898	18	investors	investor	NOUN
cblr-10941	898	19	to	to	PART
cblr-10941	898	20	periodically	periodically	ADV
cblr-10941	898	21	reevaluate	reevaluate	VERB
cblr-10941	898	22	their	their	PRON
cblr-10941	898	23	investment	investment	NOUN
cblr-10941	898	24	based	base	VERB
cblr-10941	898	25	on	on	ADP
cblr-10941	898	26	the	the	DET
cblr-10941	898	27	venture	venture	NOUN
cblr-10941	898	28	carveout	carveout	NOUN
cblr-10941	898	29	’s	’s	PART
cblr-10941	898	30	progress	progress	NOUN
cblr-10941	898	31	towards	towards	ADP
cblr-10941	898	32	commercialization	commercialization	NOUN
cblr-10941	898	33	.	.	PUNCT
cblr-10941	899	1	the	the	DET
cblr-10941	899	2	investors	investor	NOUN
cblr-10941	899	3	’	’	PART
cblr-10941	899	4	credible	credible	ADJ
cblr-10941	899	5	threat	threat	NOUN
cblr-10941	899	6	to	to	PART
cblr-10941	899	7	not	not	PART
cblr-10941	899	8	reinvest	reinvest	VERB
cblr-10941	899	9	increases	increase	VERB
cblr-10941	899	10	the	the	DET
cblr-10941	899	11	managers	manager	NOUN
cblr-10941	899	12	’	’	PART
cblr-10941	899	13	incentive	incentive	NOUN
cblr-10941	899	14	to	to	PART
cblr-10941	899	15	deliver	deliver	VERB
cblr-10941	899	16	progress	progress	NOUN
cblr-10941	899	17	,	,	PUNCT
cblr-10941	899	18	though	though	SCONJ
cblr-10941	899	19	this	this	DET
cblr-10941	899	20	incentive	incentive	NOUN
cblr-10941	899	21	is	be	AUX
cblr-10941	899	22	tempered	temper	VERB
cblr-10941	899	23	by	by	ADP
cblr-10941	899	24	the	the	DET
cblr-10941	899	25	parent	parent	NOUN
cblr-10941	899	26	company	company	NOUN
cblr-10941	899	27	’s	’s	PART
cblr-10941	899	28	longer	long	ADJ
cblr-10941	899	29	-	-	PUNCT
cblr-10941	899	30	term	term	NOUN
cblr-10941	899	31	commitment	commitment	NOUN
cblr-10941	899	32	to	to	ADP
cblr-10941	899	33	the	the	DET
cblr-10941	899	34	carveout	carveout	NOUN
cblr-10941	899	35	.	.	PUNCT
cblr-10941	900	1	waymo	waymo	NOUN
cblr-10941	900	2	and	and	CCONJ
cblr-10941	900	3	cruise	cruise	NOUN
cblr-10941	900	4	have	have	AUX
cblr-10941	900	5	raised	raise	VERB
cblr-10941	900	6	financing	financing	NOUN
cblr-10941	900	7	rounds	round	NOUN
cblr-10941	900	8	from	from	ADP
cblr-10941	900	9	broad	broad	ADJ
cblr-10941	900	10	investment	investment	NOUN
cblr-10941	900	11	syndicates.289	syndicates.289	NOUN
cblr-10941	900	12	argo	argo	NOUN
cblr-10941	900	13	and	and	CCONJ
cblr-10941	900	14	motional	motional	ADJ
cblr-10941	900	15	syndicated	syndicate	VERB
cblr-10941	900	16	their	their	PRON
cblr-10941	900	17	funding	funding	NOUN
cblr-10941	900	18	more	more	ADV
cblr-10941	900	19	modestly	modestly	ADV
cblr-10941	900	20	by	by	ADP
cblr-10941	900	21	taking	take	VERB
cblr-10941	900	22	contributions	contribution	NOUN
cblr-10941	900	23	from	from	ADP
cblr-10941	900	24	two	two	NUM
cblr-10941	900	25	parent	parent	NOUN
cblr-10941	900	26	companies	company	NOUN
cblr-10941	900	27	.	.	PUNCT
cblr-10941	901	1	syndication	syndication	NOUN
cblr-10941	901	2	allows	allow	VERB
cblr-10941	901	3	the	the	DET
cblr-10941	901	4	venture	venture	NOUN
cblr-10941	901	5	carveout	carveout	NOUN
cblr-10941	901	6	to	to	PART
cblr-10941	901	7	raise	raise	VERB
cblr-10941	901	8	more	more	ADJ
cblr-10941	901	9	capital	capital	NOUN
cblr-10941	901	10	than	than	SCONJ
cblr-10941	901	11	they	they	PRON
cblr-10941	901	12	could	could	AUX
cblr-10941	901	13	raise	raise	VERB
cblr-10941	901	14	from	from	ADP
cblr-10941	901	15	one	one	NUM
cblr-10941	901	16	of	of	ADP
cblr-10941	901	17	their	their	PRON
cblr-10941	901	18	parents	parent	NOUN
cblr-10941	901	19	alone	alone	ADV
cblr-10941	901	20	.	.	PUNCT
cblr-10941	902	1	it	it	PRON
cblr-10941	902	2	also	also	ADV
cblr-10941	902	3	allows	allow	VERB
cblr-10941	902	4	the	the	DET
cblr-10941	902	5	parents	parent	NOUN
cblr-10941	902	6	to	to	PART
cblr-10941	902	7	risk	risk	VERB
cblr-10941	902	8	less	less	ADV
cblr-10941	902	9	on	on	ADP
cblr-10941	902	10	the	the	DET
cblr-10941	902	11	carveout	carveout	NOUN
cblr-10941	902	12	.	.	PUNCT
cblr-10941	903	1	both	both	CCONJ
cblr-10941	903	2	the	the	DET
cblr-10941	903	3	parents	parent	NOUN
cblr-10941	903	4	and	and	CCONJ
cblr-10941	903	5	the	the	DET
cblr-10941	903	6	outside	outside	ADJ
cblr-10941	903	7	private	private	ADJ
cblr-10941	903	8	investors	investor	NOUN
cblr-10941	903	9	can	can	AUX
cblr-10941	903	10	learn	learn	VERB
cblr-10941	903	11	about	about	ADP
cblr-10941	903	12	changes	change	NOUN
cblr-10941	903	13	in	in	ADP
cblr-10941	903	14	the	the	DET
cblr-10941	903	15	value	value	NOUN
cblr-10941	903	16	of	of	ADP
cblr-10941	903	17	the	the	DET
cblr-10941	903	18	carveout	carveout	NOUN
cblr-10941	903	19	from	from	ADP
cblr-10941	903	20	interactions	interaction	NOUN
cblr-10941	903	21	with	with	ADP
cblr-10941	903	22	the	the	DET
cblr-10941	903	23	other	other	ADJ
cblr-10941	903	24	investors	investor	NOUN
cblr-10941	903	25	.	.	PUNCT
cblr-10941	904	1	the	the	DET
cblr-10941	904	2	venture	venture	NOUN
cblr-10941	904	3	carveout	carveout	NOUN
cblr-10941	904	4	’s	’s	PART
cblr-10941	904	5	investors	investor	NOUN
cblr-10941	904	6	can	can	AUX
cblr-10941	904	7	also	also	ADV
cblr-10941	904	8	gather	gather	VERB
cblr-10941	904	9	information	information	NOUN
cblr-10941	904	10	about	about	ADP
cblr-10941	904	11	the	the	DET
cblr-10941	904	12	carveout	carveout	NOUN
cblr-10941	904	13	’s	’s	PART
cblr-10941	904	14	progress	progress	NOUN
cblr-10941	904	15	by	by	ADP
cblr-10941	904	16	appointing	appoint	VERB
cblr-10941	904	17	a	a	DET
cblr-10941	904	18	director	director	NOUN
cblr-10941	904	19	or	or	CCONJ
cblr-10941	904	20	observer	observer	NOUN
cblr-10941	904	21	to	to	ADP
cblr-10941	904	22	its	its	PRON
cblr-10941	904	23	board	board	NOUN
cblr-10941	904	24	.	.	PUNCT
cblr-10941	905	1	the	the	DET
cblr-10941	905	2	cruise	cruise	NOUN
cblr-10941	905	3	agreement	agreement	NOUN
cblr-10941	905	4	,	,	PUNCT
cblr-10941	905	5	for	for	ADP
cblr-10941	905	6	example	example	NOUN
cblr-10941	905	7	,	,	PUNCT
cblr-10941	905	8	entitled	entitle	VERB
cblr-10941	905	9	gm	gm	PROPN
cblr-10941	905	10	to	to	PART
cblr-10941	905	11	appoint	appoint	VERB
cblr-10941	905	12	the	the	DET
cblr-10941	905	13	chair,290	chair,290	PROPN
cblr-10941	905	14	softbank	softbank	NOUN
cblr-10941	905	15	to	to	ADP
cblr-10941	905	16	286	286	NUM
cblr-10941	905	17	see	see	VERB
cblr-10941	905	18	i	i	PROPN
cblr-10941	905	19	d.	d.	PROPN
cblr-10941	905	20	§	§	PROPN
cblr-10941	905	21	2.10(a	2.10(a	PROPN
cblr-10941	905	22	)	)	PUNCT
cblr-10941	905	23	.	.	PUNCT
cblr-10941	906	1	287	287	NUM
cblr-10941	906	2	see	see	VERB
cblr-10941	906	3	i	i	PRON
cblr-10941	906	4	d.	d.	PROPN
cblr-10941	906	5	§	§	PROPN
cblr-10941	906	6	3.02(a)(i)–(ii	3.02(a)(i)–(ii	PROPN
cblr-10941	906	7	)	)	PUNCT
cblr-10941	906	8	.	.	PUNCT
cblr-10941	907	1	288	288	NUM
cblr-10941	907	2	see	see	VERB
cblr-10941	907	3	supra	supra	PROPN
cblr-10941	907	4	notes	note	VERB
cblr-10941	907	5	237	237	NUM
cblr-10941	907	6	–	–	PUNCT
cblr-10941	907	7	error	error	NOUN
cblr-10941	907	8	!	!	PUNCT
cblr-10941	908	1	bookmark	bookmark	NOUN
cblr-10941	908	2	not	not	PART
cblr-10941	908	3	defined	define	VERB
cblr-10941	908	4	.	.	PUNCT
cblr-10941	909	1	and	and	CCONJ
cblr-10941	909	2	accompanying	accompany	VERB
cblr-10941	909	3	text	text	NOUN
cblr-10941	909	4	.	.	PUNCT
cblr-10941	910	1	289	289	NUM
cblr-10941	910	2	see	see	VERB
cblr-10941	910	3	kirsten	kirsten	PROPN
cblr-10941	910	4	korosec	korosec	PROPN
cblr-10941	910	5	,	,	PUNCT
cblr-10941	910	6	walmart	walmart	PROPN
cblr-10941	910	7	helps	help	VERB
cblr-10941	910	8	push	push	VERB
cblr-10941	910	9	cruise	cruise	PROPN
cblr-10941	910	10	’s	’s	PART
cblr-10941	910	11	latest	late	ADJ
cblr-10941	910	12	investment	investment	NOUN
cblr-10941	910	13	round	round	NOUN
cblr-10941	910	14	to	to	ADP
cblr-10941	910	15	$	$	SYM
cblr-10941	910	16	2.75b	2.75b	NUM
cblr-10941	910	17	,	,	PUNCT
cblr-10941	910	18	techcrunch	techcrunch	NOUN
cblr-10941	910	19	(	(	PUNCT
cblr-10941	910	20	apr	apr	PROPN
cblr-10941	910	21	.	.	PROPN
cblr-10941	910	22	15	15	NUM
cblr-10941	910	23	,	,	PUNCT
cblr-10941	910	24	2021	2021	NUM
cblr-10941	910	25	,	,	PUNCT
cblr-10941	910	26	9:00	9:00	NUM
cblr-10941	910	27	am	am	NOUN
cblr-10941	910	28	)	)	PUNCT
cblr-10941	910	29	,	,	PUNCT
cblr-10941	910	30	https://techcrunch.com/2021/04/15/walmart-helps-push-cruises-latestinvestment-round-to-2-75b/	https://techcrunch.com/2021/04/15/walmart-helps-push-cruises-latestinvestment-round-to-2-75b/	PROPN
cblr-10941	911	1	[	[	X
cblr-10941	911	2	https://perma.cc/cd6w-sen6	https://perma.cc/cd6w-sen6	PROPN
cblr-10941	911	3	]	]	X
cblr-10941	911	4	;	;	PUNCT
cblr-10941	911	5	patrick	patrick	PROPN
cblr-10941	911	6	mcgee	mcgee	PROPN
cblr-10941	911	7	,	,	PUNCT
cblr-10941	911	8	waymo	waymo	PROPN
cblr-10941	911	9	raises	raise	VERB
cblr-10941	911	10	further	far	ADV
cblr-10941	911	11	$	$	SYM
cblr-10941	911	12	2.5bn	2.5bn	NUM
cblr-10941	911	13	for	for	ADP
cblr-10941	911	14	self	self	NOUN
cblr-10941	911	15	-	-	PUNCT
cblr-10941	911	16	driving	drive	VERB
cblr-10941	911	17	car	car	NOUN
cblr-10941	911	18	project	project	NOUN
cblr-10941	911	19	,	,	PUNCT
cblr-10941	911	20	fin	fin	NOUN
cblr-10941	911	21	.	.	PUNCT
cblr-10941	911	22	times	times	PROPN
cblr-10941	911	23	(	(	PUNCT
cblr-10941	911	24	june	june	PROPN
cblr-10941	911	25	16	16	NUM
cblr-10941	911	26	,	,	PUNCT
cblr-10941	911	27	2021	2021	NUM
cblr-10941	911	28	)	)	PUNCT
cblr-10941	911	29	,	,	PUNCT
cblr-10941	911	30	https://www.ft.com/content/e0dd4302-c69f-42b68a37-549ce113a885	https://www.ft.com/content/e0dd4302-c69f-42b68a37-549ce113a885	NOUN
cblr-10941	911	31	[	[	X
cblr-10941	911	32	https://perma.cc/q4m2-tzvq	https://perma.cc/q4m2-tzvq	NOUN
cblr-10941	911	33	]	]	PUNCT
cblr-10941	911	34	.	.	PUNCT
cblr-10941	912	1	290	290	NUM
cblr-10941	912	2	cruise	cruise	NOUN
cblr-10941	912	3	agreement	agreement	NOUN
cblr-10941	912	4	,	,	PUNCT
cblr-10941	912	5	supra	supra	PROPN
cblr-10941	912	6	note	note	NOUN
cblr-10941	912	7	44	44	NUM
cblr-10941	912	8	,	,	PUNCT
cblr-10941	912	9	§	§	PROPN
cblr-10941	912	10	6.03(b	6.03(b	PROPN
cblr-10941	912	11	)	)	PUNCT
cblr-10941	912	12	.	.	PUNCT
cblr-10941	913	1	no	no	INTJ
cblr-10941	913	2	.	.	PUNCT
cblr-10941	914	1	2:859	2:859	NUM
cblr-10941	914	2	]	]	X
cblr-10941	914	3	moonshots	moonshot	NOUN
cblr-10941	914	4	917	917	NUM
cblr-10941	914	5	appoint	appoint	VERB
cblr-10941	914	6	another	another	DET
cblr-10941	914	7	director,291	director,291	NOUN
cblr-10941	914	8	and	and	CCONJ
cblr-10941	914	9	honda	honda	NOUN
cblr-10941	914	10	to	to	PART
cblr-10941	914	11	appoint	appoint	VERB
cblr-10941	914	12	a	a	DET
cblr-10941	914	13	board	board	NOUN
cblr-10941	914	14	observer.292	observer.292	NOUN
cblr-10941	914	15	at	at	ADP
cblr-10941	914	16	board	board	NOUN
cblr-10941	914	17	meetings	meeting	NOUN
cblr-10941	914	18	,	,	PUNCT
cblr-10941	914	19	the	the	DET
cblr-10941	914	20	directors	director	NOUN
cblr-10941	914	21	can	can	AUX
cblr-10941	914	22	share	share	VERB
cblr-10941	914	23	tacit	tacit	NOUN
cblr-10941	914	24	,	,	PUNCT
cblr-10941	914	25	qualitative	qualitative	NOUN
cblr-10941	914	26	,	,	PUNCT
cblr-10941	914	27	or	or	CCONJ
cblr-10941	914	28	confidential	confidential	ADJ
cblr-10941	914	29	information	information	NOUN
cblr-10941	914	30	about	about	ADP
cblr-10941	914	31	the	the	DET
cblr-10941	914	32	carveout	carveout	NOUN
cblr-10941	914	33	’s	’s	PART
cblr-10941	914	34	technology.293	technology.293	NOUN
cblr-10941	914	35	for	for	ADP
cblr-10941	914	36	example	example	NOUN
cblr-10941	914	37	,	,	PUNCT
cblr-10941	914	38	one	one	NUM
cblr-10941	914	39	metric	metric	NOUN
cblr-10941	914	40	for	for	ADP
cblr-10941	914	41	measuring	measure	VERB
cblr-10941	914	42	the	the	DET
cblr-10941	914	43	progress	progress	NOUN
cblr-10941	914	44	of	of	ADP
cblr-10941	914	45	av	av	PROPN
cblr-10941	914	46	technology	technology	NOUN
cblr-10941	914	47	is	be	AUX
cblr-10941	914	48	the	the	DET
cblr-10941	914	49	rate	rate	NOUN
cblr-10941	914	50	at	at	ADP
cblr-10941	914	51	which	which	PRON
cblr-10941	914	52	the	the	DET
cblr-10941	914	53	av	av	PROPN
cblr-10941	914	54	’s	’s	PART
cblr-10941	914	55	human	human	PROPN
cblr-10941	914	56	operators	operator	NOUN
cblr-10941	914	57	“	"	PUNCT
cblr-10941	914	58	disengage	disengage	VERB
cblr-10941	914	59	”	"	PUNCT
cblr-10941	914	60	the	the	DET
cblr-10941	914	61	autonomous	autonomous	ADJ
cblr-10941	914	62	system.294	system.294	NOUN
cblr-10941	914	63	all	all	DET
cblr-10941	914	64	things	thing	NOUN
cblr-10941	914	65	being	be	AUX
cblr-10941	914	66	equal	equal	ADJ
cblr-10941	914	67	,	,	PUNCT
cblr-10941	914	68	a	a	DET
cblr-10941	914	69	system	system	NOUN
cblr-10941	914	70	that	that	PRON
cblr-10941	914	71	requires	require	VERB
cblr-10941	914	72	less	less	ADV
cblr-10941	914	73	frequent	frequent	ADJ
cblr-10941	914	74	disengagements	disengagement	NOUN
cblr-10941	914	75	is	be	AUX
cblr-10941	914	76	more	more	ADV
cblr-10941	914	77	advanced	advanced	ADJ
cblr-10941	914	78	.	.	PUNCT
cblr-10941	915	1	but	but	CCONJ
cblr-10941	915	2	all	all	DET
cblr-10941	915	3	things	thing	NOUN
cblr-10941	915	4	are	be	AUX
cblr-10941	915	5	n’t	not	PART
cblr-10941	915	6	equal	equal	ADJ
cblr-10941	915	7	.	.	PUNCT
cblr-10941	916	1	an	an	DET
cblr-10941	916	2	av	av	NOUN
cblr-10941	916	3	’s	’s	NOUN
cblr-10941	916	4	disengagement	disengagement	ADJ
cblr-10941	916	5	rate	rate	NOUN
cblr-10941	916	6	depends	depend	VERB
cblr-10941	916	7	on	on	ADP
cblr-10941	916	8	the	the	DET
cblr-10941	916	9	geography	geography	NOUN
cblr-10941	916	10	of	of	ADP
cblr-10941	916	11	the	the	DET
cblr-10941	916	12	test	test	NOUN
cblr-10941	916	13	site.295	site.295	NOUN
cblr-10941	916	14	comparing	compare	VERB
cblr-10941	916	15	av	av	PROPN
cblr-10941	916	16	companies	company	NOUN
cblr-10941	916	17	’	’	PART
cblr-10941	916	18	disengagement	disengagement	NOUN
cblr-10941	916	19	rates	rate	NOUN
cblr-10941	916	20	without	without	ADP
cblr-10941	916	21	context	context	NOUN
cblr-10941	916	22	would	would	AUX
cblr-10941	916	23	create	create	VERB
cblr-10941	916	24	perverse	perverse	ADJ
cblr-10941	916	25	incentives	incentive	NOUN
cblr-10941	916	26	for	for	SCONJ
cblr-10941	916	27	those	those	DET
cblr-10941	916	28	companies	company	NOUN
cblr-10941	916	29	to	to	PART
cblr-10941	916	30	instruct	instruct	VERB
cblr-10941	916	31	operators	operator	NOUN
cblr-10941	916	32	to	to	PART
cblr-10941	916	33	rack	rack	VERB
cblr-10941	916	34	up	up	ADP
cblr-10941	916	35	useless	useless	ADJ
cblr-10941	916	36	miles	mile	NOUN
cblr-10941	916	37	or	or	CCONJ
cblr-10941	916	38	keep	keep	VERB
cblr-10941	916	39	the	the	DET
cblr-10941	916	40	autonomous	autonomous	ADJ
cblr-10941	916	41	system	system	NOUN
cblr-10941	916	42	engaged	engage	VERB
cblr-10941	916	43	when	when	SCONJ
cblr-10941	916	44	it	it	PRON
cblr-10941	916	45	was	be	AUX
cblr-10941	916	46	n’t	not	PART
cblr-10941	916	47	safe.296	safe.296	NOUN
cblr-10941	916	48	in	in	ADP
cblr-10941	916	49	a	a	DET
cblr-10941	916	50	private	private	ADJ
cblr-10941	916	51	briefing	briefing	NOUN
cblr-10941	916	52	,	,	PUNCT
cblr-10941	916	53	managers	manager	NOUN
cblr-10941	916	54	could	could	AUX
cblr-10941	916	55	present	present	VERB
cblr-10941	916	56	disengagement	disengagement	ADJ
cblr-10941	916	57	data	datum	NOUN
cblr-10941	916	58	with	with	ADP
cblr-10941	916	59	appropriate	appropriate	ADJ
cblr-10941	916	60	context	context	NOUN
cblr-10941	916	61	and	and	CCONJ
cblr-10941	916	62	without	without	ADP
cblr-10941	916	63	worrying	worry	VERB
cblr-10941	916	64	about	about	ADP
cblr-10941	916	65	perverse	perverse	ADJ
cblr-10941	916	66	incentives	incentive	NOUN
cblr-10941	916	67	.	.	PUNCT
cblr-10941	917	1	these	these	DET
cblr-10941	917	2	similarities	similarity	NOUN
cblr-10941	917	3	between	between	ADP
cblr-10941	917	4	venture	venture	NOUN
cblr-10941	917	5	carveouts	carveout	NOUN
cblr-10941	917	6	and	and	CCONJ
cblr-10941	917	7	venturebacked	venturebacke	VERB
cblr-10941	917	8	startups	startup	NOUN
cblr-10941	917	9	are	be	AUX
cblr-10941	917	10	striking	strike	VERB
cblr-10941	917	11	.	.	PUNCT
cblr-10941	918	1	but	but	CCONJ
cblr-10941	918	2	there	there	PRON
cblr-10941	918	3	’s	’	VERB
cblr-10941	918	4	a	a	DET
cblr-10941	918	5	key	key	ADJ
cblr-10941	918	6	difference	difference	NOUN
cblr-10941	918	7	.	.	PUNCT
cblr-10941	919	1	the	the	DET
cblr-10941	919	2	carveout	carveout	NOUN
cblr-10941	919	3	’s	’s	PART
cblr-10941	919	4	long	long	ADJ
cblr-10941	919	5	-	-	PUNCT
cblr-10941	919	6	term	term	NOUN
cblr-10941	919	7	relationship	relationship	NOUN
cblr-10941	919	8	with	with	ADP
cblr-10941	919	9	its	its	PRON
cblr-10941	919	10	parents	parent	NOUN
cblr-10941	919	11	reduces	reduce	VERB
cblr-10941	919	12	monitoring	monitoring	NOUN
cblr-10941	919	13	costs	cost	NOUN
cblr-10941	919	14	and	and	CCONJ
cblr-10941	919	15	enables	enable	VERB
cblr-10941	919	16	long	long	ADJ
cblr-10941	919	17	-	-	PUNCT
cblr-10941	919	18	term	term	NOUN
cblr-10941	919	19	investing	investing	NOUN
cblr-10941	919	20	.	.	PUNCT
cblr-10941	920	1	the	the	DET
cblr-10941	920	2	parent	parent	NOUN
cblr-10941	920	3	and	and	CCONJ
cblr-10941	920	4	the	the	DET
cblr-10941	920	5	carveout	carveout	NOUN
cblr-10941	920	6	jointly	jointly	ADV
cblr-10941	920	7	develop	develop	VERB
cblr-10941	920	8	the	the	DET
cblr-10941	920	9	carveout	carveout	NOUN
cblr-10941	920	10	’s	’s	PART
cblr-10941	920	11	core	core	NOUN
cblr-10941	920	12	technology	technology	NOUN
cblr-10941	920	13	.	.	PUNCT
cblr-10941	921	1	the	the	DET
cblr-10941	921	2	carveout	carveout	NOUN
cblr-10941	921	3	builds	build	VERB
cblr-10941	921	4	the	the	DET
cblr-10941	921	5	av	av	PROPN
cblr-10941	921	6	’s	’s	PART
cblr-10941	921	7	software	software	NOUN
cblr-10941	921	8	,	,	PUNCT
cblr-10941	921	9	the	the	DET
cblr-10941	921	10	parent	parent	NOUN
cblr-10941	921	11	291	291	NUM
cblr-10941	921	12	i	i	NOUN
cblr-10941	921	13	d.	d.	PROPN
cblr-10941	921	14	§	§	PROPN
cblr-10941	921	15	6.03(a	6.03(a	PROPN
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cblr-10941	921	17	.	.	PUNCT
cblr-10941	922	1	292	292	NUM
cblr-10941	923	1	i	i	PRON
cblr-10941	923	2	d.	d.	PROPN
cblr-10941	923	3	§	§	PROPN
cblr-10941	923	4	6.04	6.04	NUM
cblr-10941	923	5	.	.	PUNCT
cblr-10941	924	1	293	293	NUM
cblr-10941	924	2	see	see	VERB
cblr-10941	924	3	i	i	PROPN
cblr-10941	924	4	d.	d.	PROPN
cblr-10941	924	5	§	§	PROPN
cblr-10941	924	6	12.04	12.04	NUM
cblr-10941	924	7	(	(	PUNCT
cblr-10941	924	8	imposing	impose	VERB
cblr-10941	924	9	broadly	broadly	ADV
cblr-10941	924	10	worded	word	VERB
cblr-10941	924	11	confidentiality	confidentiality	NOUN
cblr-10941	924	12	obligations	obligation	NOUN
cblr-10941	924	13	on	on	ADP
cblr-10941	924	14	the	the	DET
cblr-10941	924	15	llc	llc	PROPN
cblr-10941	924	16	’s	’s	PART
cblr-10941	924	17	members	member	NOUN
cblr-10941	924	18	,	,	PUNCT
cblr-10941	924	19	directors	director	NOUN
cblr-10941	924	20	,	,	PUNCT
cblr-10941	924	21	and	and	CCONJ
cblr-10941	924	22	board	board	NOUN
cblr-10941	924	23	observers	observer	NOUN
cblr-10941	924	24	)	)	PUNCT
cblr-10941	924	25	.	.	PUNCT
cblr-10941	925	1	294	294	NUM
cblr-10941	925	2	brad	brad	PROPN
cblr-10941	925	3	templeton	templeton	PROPN
cblr-10941	925	4	,	,	PUNCT
cblr-10941	925	5	california	california	PROPN
cblr-10941	925	6	robocar	robocar	PROPN
cblr-10941	925	7	disengagement	disengagement	NOUN
cblr-10941	925	8	reports	report	NOUN
cblr-10941	925	9	reveal	reveal	VERB
cblr-10941	925	10	tidbits	tidbit	NOUN
cblr-10941	925	11	about	about	ADP
cblr-10941	925	12	tesla	tesla	PROPN
cblr-10941	925	13	,	,	PUNCT
cblr-10941	925	14	autox	autox	NOUN
cblr-10941	925	15	,	,	PUNCT
cblr-10941	925	16	apple	apple	NOUN
cblr-10941	925	17	,	,	PUNCT
cblr-10941	925	18	others	other	NOUN
cblr-10941	925	19	,	,	PUNCT
cblr-10941	925	20	forbes	forbes	PROPN
cblr-10941	925	21	(	(	PUNCT
cblr-10941	925	22	feb	feb	PROPN
cblr-10941	925	23	.	.	PROPN
cblr-10941	925	24	9	9	NUM
cblr-10941	925	25	,	,	PUNCT
cblr-10941	925	26	2021	2021	NUM
cblr-10941	925	27	,	,	PUNCT
cblr-10941	925	28	3:44	3:44	NUM
cblr-10941	925	29	pm	pm	NOUN
cblr-10941	925	30	)	)	PUNCT
cblr-10941	925	31	,	,	PUNCT
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cblr-10941	925	33	.	.	PUNCT
cblr-10941	926	1	.sh=6c7a4b0b7fab	.sh=6c7a4b0b7fab	PROPN
cblr-10941	927	1	[	[	X
cblr-10941	927	2	https://perma.cc/t89h-369n	https://perma.cc/t89h-369n	X
cblr-10941	927	3	]	]	PUNCT
cblr-10941	927	4	.	.	PUNCT
cblr-10941	928	1	295	295	NUM
cblr-10941	928	2	see	see	VERB
cblr-10941	928	3	grace	grace	PROPN
cblr-10941	928	4	strickland	strickland	PROPN
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cblr-10941	928	7	mcnelis	mcnelis	PROPN
cblr-10941	928	8	,	,	PUNCT
cblr-10941	928	9	autonomous	autonomous	ADJ
cblr-10941	928	10	vehicle	vehicle	NOUN
cblr-10941	928	11	reporting	report	VERB
cblr-10941	928	12	data	datum	NOUN
cblr-10941	928	13	is	be	AUX
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cblr-10941	928	17	right	right	ADV
cblr-10941	928	18	off	off	ADP
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cblr-10941	928	21	,	,	PUNCT
cblr-10941	928	22	techcrunch	techcrunch	PROPN
cblr-10941	928	23	(	(	PUNCT
cblr-10941	928	24	aug	aug	PROPN
cblr-10941	928	25	.	.	PROPN
cblr-10941	928	26	4	4	NUM
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cblr-10941	928	29	,	,	PUNCT
cblr-10941	928	30	11:45	11:45	NUM
cblr-10941	928	31	am	am	NOUN
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cblr-10941	928	33	,	,	PUNCT
cblr-10941	928	34	https://techcrunch.com/2020/08/04/autonomousvehicle-reporting-data-is-driving-av-innovation-right-off-the-road/	https://techcrunch.com/2020/08/04/autonomousvehicle-reporting-data-is-driving-av-innovation-right-off-the-road/	VERB
cblr-10941	929	1	[	[	X
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cblr-10941	929	4	.	.	PUNCT
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cblr-10941	930	5	everyone	everyone	PRON
cblr-10941	930	6	hates	hate	VERB
cblr-10941	930	7	california	california	PROPN
cblr-10941	930	8	’s	’s	PART
cblr-10941	930	9	self	self	NOUN
cblr-10941	930	10	-	-	PUNCT
cblr-10941	930	11	driving	drive	VERB
cblr-10941	930	12	car	car	NOUN
cblr-10941	930	13	reports	report	NOUN
cblr-10941	930	14	,	,	PUNCT
cblr-10941	930	15	verge	verge	NOUN
cblr-10941	930	16	(	(	PUNCT
cblr-10941	930	17	feb	feb	PROPN
cblr-10941	930	18	.	.	PROPN
cblr-10941	930	19	26	26	NUM
cblr-10941	930	20	,	,	PUNCT
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cblr-10941	930	22	,	,	PUNCT
cblr-10941	930	23	3:06	3:06	NUM
cblr-10941	930	24	pm	pm	NOUN
cblr-10941	930	25	)	)	PUNCT
cblr-10941	930	26	,	,	PUNCT
cblr-10941	930	27	https://www.theverge.com/2020/2/26/21142685/california-dmv-self-drivingcar-disengagement-report-data	https://www.theverge.com/2020/2/26/21142685/california-dmv-self-drivingcar-disengagement-report-data	NOUN
cblr-10941	931	1	[	[	X
cblr-10941	931	2	https://perma.cc/f6ww-4ve3	https://perma.cc/f6ww-4ve3	PROPN
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cblr-10941	931	4	.	.	PUNCT
cblr-10941	932	1	918	918	NUM
cblr-10941	932	2	columbia	columbia	PROPN
cblr-10941	932	3	business	business	PROPN
cblr-10941	932	4	law	law	PROPN
cblr-10941	932	5	review	review	NOUN
cblr-10941	933	1	[	[	X
cblr-10941	933	2	vol	vol	NOUN
cblr-10941	933	3	.	.	PUNCT
cblr-10941	933	4	2022	2022	NUM
cblr-10941	933	5	builds	build	VERB
cblr-10941	933	6	the	the	DET
cblr-10941	933	7	vehicle	vehicle	NOUN
cblr-10941	933	8	hardware	hardware	NOUN
cblr-10941	933	9	,	,	PUNCT
cblr-10941	933	10	and	and	CCONJ
cblr-10941	933	11	they	they	PRON
cblr-10941	933	12	work	work	VERB
cblr-10941	933	13	together	together	ADV
cblr-10941	933	14	to	to	PART
cblr-10941	933	15	integrate	integrate	VERB
cblr-10941	933	16	them	they	PRON
cblr-10941	933	17	.	.	PUNCT
cblr-10941	934	1	cruise	cruise	PROPN
cblr-10941	934	2	initially	initially	ADV
cblr-10941	934	3	tested	test	VERB
cblr-10941	934	4	its	its	PRON
cblr-10941	934	5	av	av	PROPN
cblr-10941	934	6	software	software	NOUN
cblr-10941	934	7	on	on	ADP
cblr-10941	934	8	gm	gm	PROPN
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cblr-10941	934	10	chevy	chevy	PROPN
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cblr-10941	935	2	https://perma.cc/7phh-ytqg	https://perma.cc/7phh-ytqg	X
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cblr-10941	948	17	researchers	researcher	NOUN
cblr-10941	948	18	.	.	PUNCT
cblr-10941	948	19	”303	”303	PUNCT
cblr-10941	949	1	the	the	DET
cblr-10941	949	2	closeness	closeness	NOUN
cblr-10941	949	3	of	of	ADP
cblr-10941	949	4	these	these	DET
cblr-10941	949	5	relationships	relationship	NOUN
cblr-10941	949	6	facilitates	facilitate	VERB
cblr-10941	949	7	commercialization	commercialization	NOUN
cblr-10941	949	8	.	.	PUNCT
cblr-10941	950	1	the	the	DET
cblr-10941	950	2	parents	parent	NOUN
cblr-10941	950	3	can	can	AUX
cblr-10941	950	4	easily	easily	ADV
cblr-10941	950	5	transfer	transfer	VERB
cblr-10941	950	6	intellectual	intellectual	ADJ
cblr-10941	950	7	property	property	NOUN
cblr-10941	950	8	,	,	PUNCT
cblr-10941	950	9	equipment	equipment	NOUN
cblr-10941	950	10	,	,	PUNCT
cblr-10941	950	11	and	and	CCONJ
cblr-10941	950	12	personnel	personnel	NOUN
cblr-10941	950	13	with	with	ADP
cblr-10941	950	14	each	each	DET
cblr-10941	950	15	other	other	ADJ
cblr-10941	950	16	and	and	CCONJ
cblr-10941	950	17	their	their	PRON
cblr-10941	950	18	venture	venture	NOUN
cblr-10941	950	19	carveouts	carveout	NOUN
cblr-10941	950	20	.	.	PUNCT
cblr-10941	951	1	they	they	PRON
cblr-10941	951	2	can	can	AUX
cblr-10941	951	3	also	also	ADV
cblr-10941	951	4	undertake	undertake	VERB
cblr-10941	951	5	strategic	strategic	ADJ
cblr-10941	951	6	planning	planning	NOUN
cblr-10941	951	7	together	together	ADV
cblr-10941	951	8	.	.	PUNCT
cblr-10941	952	1	for	for	ADP
cblr-10941	952	2	example	example	NOUN
cblr-10941	952	3	,	,	PUNCT
cblr-10941	952	4	gm	gm	PROPN
cblr-10941	952	5	,	,	PUNCT
cblr-10941	952	6	honda	honda	NOUN
cblr-10941	952	7	,	,	PUNCT
cblr-10941	952	8	and	and	CCONJ
cblr-10941	952	9	cruise	cruise	NOUN
cblr-10941	952	10	can	can	AUX
cblr-10941	952	11	jointly	jointly	ADV
cblr-10941	952	12	plan	plan	VERB
cblr-10941	952	13	what	what	PRON
cblr-10941	952	14	features	feature	VERB
cblr-10941	952	15	their	their	PRON
cblr-10941	952	16	new	new	ADJ
cblr-10941	952	17	vehicles	vehicle	NOUN
cblr-10941	952	18	should	should	AUX
cblr-10941	952	19	have	have	VERB
cblr-10941	952	20	,	,	PUNCT
cblr-10941	952	21	what	what	DET
cblr-10941	952	22	markets	market	NOUN
cblr-10941	952	23	they	they	PRON
cblr-10941	952	24	will	will	AUX
cblr-10941	952	25	be	be	AUX
cblr-10941	952	26	designed	design	VERB
cblr-10941	952	27	to	to	PART
cblr-10941	952	28	serve	serve	VERB
cblr-10941	952	29	,	,	PUNCT
cblr-10941	952	30	and	and	CCONJ
cblr-10941	952	31	how	how	SCONJ
cblr-10941	952	32	many	many	ADJ
cblr-10941	952	33	of	of	ADP
cblr-10941	952	34	them	they	PRON
cblr-10941	952	35	will	will	AUX
cblr-10941	952	36	be	be	AUX
cblr-10941	952	37	needed	need	VERB
cblr-10941	952	38	at	at	ADP
cblr-10941	952	39	different	different	ADJ
cblr-10941	952	40	stages	stage	NOUN
cblr-10941	952	41	of	of	ADP
cblr-10941	952	42	development	development	NOUN
cblr-10941	952	43	.	.	PUNCT
cblr-10941	953	1	the	the	DET
cblr-10941	953	2	parents	parent	NOUN
cblr-10941	953	3	’	’	PART
cblr-10941	953	4	equity	equity	NOUN
cblr-10941	953	5	stakes	stake	NOUN
cblr-10941	953	6	in	in	ADP
cblr-10941	953	7	the	the	DET
cblr-10941	953	8	carveout	carveout	NOUN
cblr-10941	953	9	reduce	reduce	VERB
cblr-10941	953	10	the	the	DET
cblr-10941	953	11	incentive	incentive	NOUN
cblr-10941	953	12	for	for	ADP
cblr-10941	953	13	opportunism	opportunism	NOUN
cblr-10941	953	14	that	that	PRON
cblr-10941	953	15	could	could	AUX
cblr-10941	953	16	otherwise	otherwise	ADV
cblr-10941	953	17	impede	impede	VERB
cblr-10941	953	18	arms	arm	NOUN
cblr-10941	953	19	-	-	PUNCT
cblr-10941	953	20	length	length	NOUN
cblr-10941	953	21	commercial	commercial	ADJ
cblr-10941	953	22	development	development	NOUN
cblr-10941	953	23	deals.304	deals.304	VERB
cblr-10941	953	24	the	the	DET
cblr-10941	953	25	close	close	VERB
cblr-10941	953	26	-	-	PUNCT
cblr-10941	953	27	yet	yet	ADV
cblr-10941	953	28	-	-	PUNCT
cblr-10941	953	29	independent	independent	ADJ
cblr-10941	953	30	relationships	relationship	NOUN
cblr-10941	953	31	between	between	ADP
cblr-10941	953	32	the	the	DET
cblr-10941	953	33	venture	venture	NOUN
cblr-10941	953	34	carveouts	carveout	NOUN
cblr-10941	953	35	and	and	CCONJ
cblr-10941	953	36	their	their	PRON
cblr-10941	953	37	parents	parent	NOUN
cblr-10941	953	38	also	also	ADV
cblr-10941	953	39	help	help	VERB
cblr-10941	953	40	to	to	PART
cblr-10941	953	41	reduce	reduce	VERB
cblr-10941	953	42	monitoring	monitoring	NOUN
cblr-10941	953	43	costs	cost	NOUN
cblr-10941	953	44	in	in	ADP
cblr-10941	953	45	two	two	NUM
cblr-10941	953	46	ways	way	NOUN
cblr-10941	953	47	.	.	PUNCT
cblr-10941	954	1	the	the	DET
cblr-10941	954	2	closeness	closeness	NOUN
cblr-10941	954	3	gives	give	VERB
cblr-10941	954	4	the	the	DET
cblr-10941	954	5	outside	outside	ADJ
cblr-10941	954	6	investors	investor	NOUN
cblr-10941	954	7	—	—	PUNCT
cblr-10941	954	8	the	the	DET
cblr-10941	954	9	institutional	institutional	ADJ
cblr-10941	954	10	investors	investor	NOUN
cblr-10941	954	11	,	,	PUNCT
cblr-10941	954	12	the	the	DET
cblr-10941	954	13	corporate	corporate	ADJ
cblr-10941	954	14	vcs	vcs	PROPN
cblr-10941	954	15	,	,	PUNCT
cblr-10941	954	16	the	the	DET
cblr-10941	954	17	independent	independent	ADJ
cblr-10941	954	18	vc	vc	NOUN
cblr-10941	954	19	firms	firm	NOUN
cblr-10941	954	20	,	,	PUNCT
cblr-10941	954	21	the	the	DET
cblr-10941	954	22	pe	pe	PROPN
cblr-10941	954	23	firms	firm	NOUN
cblr-10941	954	24	,	,	PUNCT
cblr-10941	954	25	and	and	CCONJ
cblr-10941	954	26	the	the	DET
cblr-10941	954	27	hedge	hedge	NOUN
cblr-10941	954	28	funds	fund	NOUN
cblr-10941	954	29	—	—	PUNCT
cblr-10941	954	30	confidence	confidence	NOUN
cblr-10941	954	31	in	in	ADP
cblr-10941	954	32	the	the	DET
cblr-10941	954	33	carveout	carveout	NOUN
cblr-10941	954	34	’s	’s	PART
cblr-10941	954	35	long	long	ADJ
cblr-10941	954	36	-	-	PUNCT
cblr-10941	954	37	term	term	NOUN
cblr-10941	954	38	viability	viability	NOUN
cblr-10941	954	39	.	.	PUNCT
cblr-10941	955	1	the	the	DET
cblr-10941	955	2	outside	outside	ADJ
cblr-10941	955	3	investors	investor	NOUN
cblr-10941	955	4	know	know	VERB
cblr-10941	955	5	that	that	SCONJ
cblr-10941	955	6	the	the	DET
cblr-10941	955	7	parents	parent	NOUN
cblr-10941	955	8	view	view	VERB
cblr-10941	955	9	the	the	DET
cblr-10941	955	10	carveouts	carveout	NOUN
cblr-10941	955	11	as	as	ADP
cblr-10941	955	12	part	part	NOUN
cblr-10941	955	13	of	of	ADP
cblr-10941	955	14	their	their	PRON
cblr-10941	955	15	long	long	ADJ
cblr-10941	955	16	-	-	PUNCT
cblr-10941	955	17	term	term	NOUN
cblr-10941	955	18	strategy	strategy	NOUN
cblr-10941	955	19	.	.	PUNCT
cblr-10941	956	1	the	the	DET
cblr-10941	956	2	automakers	automaker	NOUN
cblr-10941	956	3	need	need	VERB
cblr-10941	956	4	the	the	DET
cblr-10941	956	5	carveouts	carveout	NOUN
cblr-10941	956	6	to	to	PART
cblr-10941	956	7	hedge	hedge	VERB
cblr-10941	956	8	against	against	ADP
cblr-10941	956	9	the	the	DET
cblr-10941	956	10	risk	risk	NOUN
cblr-10941	956	11	that	that	PRON
cblr-10941	956	12	avs	avs	PROPN
cblr-10941	956	13	will	will	AUX
cblr-10941	956	14	undermine	undermine	VERB
cblr-10941	956	15	their	their	PRON
cblr-10941	956	16	core	core	NOUN
cblr-10941	956	17	business	business	NOUN
cblr-10941	956	18	.	.	PUNCT
cblr-10941	957	1	therefore	therefore	ADV
cblr-10941	957	2	,	,	PUNCT
cblr-10941	957	3	the	the	DET
cblr-10941	957	4	outside	outside	ADJ
cblr-10941	957	5	investors	investor	NOUN
cblr-10941	957	6	can	can	AUX
cblr-10941	957	7	expect	expect	VERB
cblr-10941	957	8	that	that	SCONJ
cblr-10941	957	9	the	the	DET
cblr-10941	957	10	parents	parent	NOUN
cblr-10941	957	11	will	will	AUX
cblr-10941	957	12	continue	continue	VERB
cblr-10941	957	13	to	to	PART
cblr-10941	957	14	make	make	VERB
cblr-10941	957	15	costly	costly	ADJ
cblr-10941	957	16	investments	investment	NOUN
cblr-10941	957	17	in	in	ADP
cblr-10941	957	18	the	the	DET
cblr-10941	957	19	carveouts	carveout	NOUN
cblr-10941	957	20	.	.	PUNCT
cblr-10941	958	1	to	to	PART
cblr-10941	958	2	be	be	AUX
cblr-10941	958	3	sure	sure	ADJ
cblr-10941	958	4	,	,	PUNCT
cblr-10941	958	5	the	the	DET
cblr-10941	958	6	parents	parent	NOUN
cblr-10941	958	7	have	have	VERB
cblr-10941	958	8	the	the	DET
cblr-10941	958	9	legal	legal	ADJ
cblr-10941	958	10	right	right	NOUN
cblr-10941	958	11	to	to	PART
cblr-10941	958	12	abandon	abandon	VERB
cblr-10941	958	13	the	the	DET
cblr-10941	958	14	carveouts	carveout	NOUN
cblr-10941	958	15	.	.	PUNCT
cblr-10941	959	1	the	the	DET
cblr-10941	959	2	carveouts	carveout	NOUN
cblr-10941	959	3	are	be	AUX
cblr-10941	959	4	llcs	llcs	NOUN
cblr-10941	959	5	,	,	PUNCT
cblr-10941	959	6	so	so	CCONJ
cblr-10941	959	7	the	the	DET
cblr-10941	959	8	parents	parent	NOUN
cblr-10941	959	9	’	’	PART
cblr-10941	959	10	liability	liability	NOUN
cblr-10941	959	11	is	be	AUX
cblr-10941	959	12	limited	limit	VERB
cblr-10941	959	13	to	to	ADP
cblr-10941	959	14	what	what	PRON
cblr-10941	959	15	they	they	PRON
cblr-10941	959	16	have	have	AUX
cblr-10941	959	17	invested.305	invested.305	NOUN
cblr-10941	959	18	but	but	CCONJ
cblr-10941	959	19	the	the	DET
cblr-10941	959	20	outside	outside	ADJ
cblr-10941	959	21	investors	investor	NOUN
cblr-10941	959	22	know	know	VERB
cblr-10941	959	23	that	that	SCONJ
cblr-10941	959	24	the	the	DET
cblr-10941	959	25	parents	parent	NOUN
cblr-10941	959	26	are	be	AUX
cblr-10941	959	27	more	more	ADV
cblr-10941	959	28	likely	likely	ADJ
cblr-10941	959	29	to	to	PART
cblr-10941	959	30	keep	keep	VERB
cblr-10941	959	31	supporting	support	VERB
cblr-10941	959	32	the	the	DET
cblr-10941	959	33	carveouts	carveout	NOUN
cblr-10941	959	34	through	through	ADP
cblr-10941	959	35	setbacks	setback	NOUN
cblr-10941	959	36	in	in	ADP
cblr-10941	959	37	the	the	DET
cblr-10941	959	38	https://www.theverge.com/2020/6/25/21303324/volvo-waymo-l4-dealelectric-self-driving-robot-taxi	https://www.theverge.com/2020/6/25/21303324/volvo-waymo-l4-dealelectric-self-driving-robot-taxi	NOUN
cblr-10941	959	39	[	[	X
cblr-10941	959	40	https://perma.cc/j5s2-xj4p	https://perma.cc/j5s2-xj4p	X
cblr-10941	959	41	]	]	PUNCT
cblr-10941	959	42	.	.	PUNCT
cblr-10941	960	1	303	303	NUM
cblr-10941	960	2	see	see	VERB
cblr-10941	960	3	andrew	andrew	PROPN
cblr-10941	960	4	hawkins	hawkins	PROPN
cblr-10941	960	5	,	,	PUNCT
cblr-10941	960	6	inside	inside	ADP
cblr-10941	960	7	waymo	waymo	NOUN
cblr-10941	960	8	’s	’s	PART
cblr-10941	960	9	strategy	strategy	NOUN
cblr-10941	960	10	to	to	PART
cblr-10941	960	11	grow	grow	VERB
cblr-10941	960	12	the	the	DET
cblr-10941	960	13	best	good	ADJ
cblr-10941	960	14	brains	brain	NOUN
cblr-10941	960	15	for	for	ADP
cblr-10941	960	16	self	self	NOUN
cblr-10941	960	17	-	-	PUNCT
cblr-10941	960	18	driving	drive	VERB
cblr-10941	960	19	cars	car	NOUN
cblr-10941	960	20	,	,	PUNCT
cblr-10941	960	21	verge	verge	NOUN
cblr-10941	960	22	(	(	PUNCT
cblr-10941	960	23	may	may	PROPN
cblr-10941	960	24	9	9	NUM
cblr-10941	960	25	,	,	PUNCT
cblr-10941	960	26	2018	2018	NUM
cblr-10941	960	27	,	,	PUNCT
cblr-10941	960	28	8:00	8:00	NUM
cblr-10941	960	29	am	am	NOUN
cblr-10941	960	30	)	)	PUNCT
cblr-10941	960	31	,	,	PUNCT
cblr-10941	960	32	https://www.theverge.com/2018/5/9/17307156/google-waymo-driverlesscars-deep-learning-neural-net-interview	https://www.theverge.com/2018/5/9/17307156/google-waymo-driverlesscars-deep-learning-neural-net-interview	NOUN
cblr-10941	961	1	[	[	X
cblr-10941	961	2	https://perma.cc/lqy9-4dj6	https://perma.cc/lqy9-4dj6	X
cblr-10941	961	3	]	]	X
cblr-10941	961	4	.	.	PUNCT
cblr-10941	962	1	304	304	NUM
cblr-10941	962	2	cf	cf	NOUN
cblr-10941	962	3	.	.	PUNCT
cblr-10941	963	1	sanga	sanga	PROPN
cblr-10941	963	2	,	,	PUNCT
cblr-10941	963	3	supra	supra	PROPN
cblr-10941	963	4	note	note	PROPN
cblr-10941	963	5	164	164	NUM
cblr-10941	963	6	,	,	PUNCT
cblr-10941	963	7	at	at	ADP
cblr-10941	963	8	1460–63	1460–63	NUM
cblr-10941	963	9	(	(	PUNCT
cblr-10941	963	10	offering	offer	VERB
cblr-10941	963	11	an	an	DET
cblr-10941	963	12	analogous	analogous	ADJ
cblr-10941	963	13	argument	argument	NOUN
cblr-10941	963	14	in	in	ADP
cblr-10941	963	15	the	the	DET
cblr-10941	963	16	context	context	NOUN
cblr-10941	963	17	of	of	ADP
cblr-10941	963	18	jvs	jvs	PROPN
cblr-10941	963	19	)	)	PUNCT
cblr-10941	963	20	.	.	PUNCT
cblr-10941	964	1	305	305	NUM
cblr-10941	964	2	see	see	VERB
cblr-10941	964	3	e.g.	e.g.	ADV
cblr-10941	964	4	,	,	PUNCT
cblr-10941	964	5	argo	argo	PROPN
cblr-10941	964	6	ai	ai	PROPN
cblr-10941	964	7	holdings	holding	NOUN
cblr-10941	964	8	,	,	PUNCT
cblr-10941	964	9	llc	llc	PROPN
cblr-10941	964	10	,	,	PUNCT
cblr-10941	964	11	supra	supra	PROPN
cblr-10941	964	12	note	note	PROPN
cblr-10941	964	13	233	233	NUM
cblr-10941	964	14	(	(	PUNCT
cblr-10941	964	15	reporting	report	VERB
cblr-10941	964	16	equity	equity	NOUN
cblr-10941	964	17	issued	issue	VERB
cblr-10941	964	18	in	in	ADP
cblr-10941	964	19	the	the	DET
cblr-10941	964	20	name	name	NOUN
cblr-10941	964	21	of	of	ADP
cblr-10941	964	22	argo	argo	PROPN
cblr-10941	964	23	ai	ai	PROPN
cblr-10941	964	24	holdings	holding	NOUN
cblr-10941	964	25	,	,	PUNCT
cblr-10941	964	26	llc	llc	PROPN
cblr-10941	964	27	)	)	PUNCT
cblr-10941	964	28	;	;	PUNCT
cblr-10941	964	29	cruise	cruise	NOUN
cblr-10941	964	30	agreement	agreement	NOUN
cblr-10941	964	31	,	,	PUNCT
cblr-10941	964	32	supra	supra	PROPN
cblr-10941	964	33	note	note	NOUN
cblr-10941	964	34	44	44	NUM
cblr-10941	964	35	,	,	PUNCT
cblr-10941	964	36	§	§	PROPN
cblr-10941	964	37	1.02	1.02	NUM
cblr-10941	964	38	(	(	PUNCT
cblr-10941	964	39	providing	provide	VERB
cblr-10941	964	40	that	that	SCONJ
cblr-10941	964	41	cruise	cruise	NOUN
cblr-10941	964	42	is	be	AUX
cblr-10941	964	43	an	an	DET
cblr-10941	964	44	llc	llc	NOUN
cblr-10941	964	45	)	)	PUNCT
cblr-10941	964	46	.	.	PUNCT
cblr-10941	965	1	920	920	NUM
cblr-10941	965	2	columbia	columbia	PROPN
cblr-10941	965	3	business	business	NOUN
cblr-10941	965	4	law	law	PROPN
cblr-10941	965	5	review	review	NOUN
cblr-10941	965	6	[	[	X
cblr-10941	965	7	vol	vol	NOUN
cblr-10941	965	8	.	.	PUNCT
cblr-10941	965	9	2022	2022	NUM
cblr-10941	965	10	commercialization	commercialization	NOUN
cblr-10941	965	11	process	process	NOUN
cblr-10941	965	12	than	than	SCONJ
cblr-10941	965	13	a	a	DET
cblr-10941	965	14	purely	purely	ADV
cblr-10941	965	15	financial	financial	ADJ
cblr-10941	965	16	investor	investor	NOUN
cblr-10941	965	17	would	would	AUX
cblr-10941	965	18	be	be	AUX
cblr-10941	965	19	.	.	PUNCT
cblr-10941	966	1	this	this	DET
cblr-10941	966	2	point	point	NOUN
cblr-10941	966	3	is	be	AUX
cblr-10941	966	4	critical	critical	ADJ
cblr-10941	966	5	for	for	ADP
cblr-10941	966	6	investing	invest	VERB
cblr-10941	966	7	in	in	ADP
cblr-10941	966	8	av	av	PROPN
cblr-10941	966	9	technology	technology	NOUN
cblr-10941	966	10	because	because	SCONJ
cblr-10941	966	11	companies	company	NOUN
cblr-10941	966	12	have	have	AUX
cblr-10941	966	13	repeatedly	repeatedly	ADV
cblr-10941	966	14	pushed	push	VERB
cblr-10941	966	15	back	back	ADP
cblr-10941	966	16	timelines	timeline	NOUN
cblr-10941	966	17	for	for	ADP
cblr-10941	966	18	deployment	deployment	NOUN
cblr-10941	966	19	of	of	ADP
cblr-10941	966	20	avs	avs	PROPN
cblr-10941	966	21	.	.	PUNCT
cblr-10941	967	1	the	the	DET
cblr-10941	967	2	outside	outside	ADJ
cblr-10941	967	3	investors	investor	NOUN
cblr-10941	967	4	are	be	AUX
cblr-10941	967	5	willing	willing	ADJ
cblr-10941	967	6	to	to	PART
cblr-10941	967	7	accept	accept	VERB
cblr-10941	967	8	an	an	DET
cblr-10941	967	9	unusually	unusually	ADV
cblr-10941	967	10	long	long	ADJ
cblr-10941	967	11	time	time	NOUN
cblr-10941	967	12	horizon	horizon	NOUN
cblr-10941	967	13	.	.	PUNCT
cblr-10941	968	1	they	they	PRON
cblr-10941	968	2	are	be	AUX
cblr-10941	968	3	providing	provide	VERB
cblr-10941	968	4	asset	asset	NOUN
cblr-10941	968	5	-	-	PUNCT
cblr-10941	968	6	specific	specific	ADJ
cblr-10941	968	7	financing	financing	NOUN
cblr-10941	968	8	to	to	ADP
cblr-10941	968	9	a	a	DET
cblr-10941	968	10	project	project	NOUN
cblr-10941	968	11	developing	develop	VERB
cblr-10941	968	12	av	av	PROPN
cblr-10941	968	13	technology	technology	NOUN
cblr-10941	968	14	.	.	PUNCT
cblr-10941	969	1	like	like	ADP
cblr-10941	969	2	vcs	vcs	PROPN
cblr-10941	969	3	,	,	PUNCT
cblr-10941	969	4	the	the	DET
cblr-10941	969	5	outside	outside	ADJ
cblr-10941	969	6	investors	investor	NOUN
cblr-10941	969	7	in	in	ADP
cblr-10941	969	8	a	a	DET
cblr-10941	969	9	venture	venture	NOUN
cblr-10941	969	10	carveout	carveout	NOUN
cblr-10941	969	11	do	do	AUX
cblr-10941	969	12	n’t	not	PART
cblr-10941	969	13	expect	expect	VERB
cblr-10941	969	14	short	short	ADJ
cblr-10941	969	15	-	-	PUNCT
cblr-10941	969	16	term	term	NOUN
cblr-10941	969	17	profitability	profitability	NOUN
cblr-10941	969	18	.	.	PUNCT
cblr-10941	970	1	but	but	CCONJ
cblr-10941	970	2	unlike	unlike	ADP
cblr-10941	970	3	vcs	vcs	PROPN
cblr-10941	970	4	,	,	PUNCT
cblr-10941	970	5	they	they	PRON
cblr-10941	970	6	do	do	AUX
cblr-10941	970	7	n’t	not	PART
cblr-10941	970	8	expect	expect	VERB
cblr-10941	970	9	a	a	DET
cblr-10941	970	10	quick	quick	ADJ
cblr-10941	970	11	exit	exit	NOUN
cblr-10941	970	12	either	either	ADV
cblr-10941	970	13	—	—	PUNCT
cblr-10941	970	14	they	they	PRON
cblr-10941	970	15	expect	expect	VERB
cblr-10941	970	16	the	the	DET
cblr-10941	970	17	company	company	NOUN
cblr-10941	970	18	to	to	PART
cblr-10941	970	19	deploy	deploy	VERB
cblr-10941	970	20	avs	avs	NOUN
cblr-10941	970	21	as	as	ADV
cblr-10941	970	22	soon	soon	ADV
cblr-10941	970	23	as	as	SCONJ
cblr-10941	970	24	the	the	DET
cblr-10941	970	25	technology	technology	NOUN
cblr-10941	970	26	has	have	AUX
cblr-10941	970	27	advanced	advance	VERB
cblr-10941	970	28	enough	enough	ADV
cblr-10941	970	29	to	to	PART
cblr-10941	970	30	be	be	AUX
cblr-10941	970	31	commercially	commercially	ADV
cblr-10941	970	32	viable	viable	ADJ
cblr-10941	970	33	.	.	PUNCT
cblr-10941	971	1	in	in	ADP
cblr-10941	971	2	fact	fact	NOUN
cblr-10941	971	3	,	,	PUNCT
cblr-10941	971	4	the	the	DET
cblr-10941	971	5	cruise	cruise	NOUN
cblr-10941	971	6	agreement	agreement	NOUN
cblr-10941	971	7	conditioned	condition	VERB
cblr-10941	971	8	a	a	DET
cblr-10941	971	9	series	series	NOUN
cblr-10941	971	10	of	of	ADP
cblr-10941	971	11	rights	right	NOUN
cblr-10941	971	12	,	,	PUNCT
cblr-10941	971	13	including	include	VERB
cblr-10941	971	14	a	a	DET
cblr-10941	971	15	new	new	ADJ
cblr-10941	971	16	injection	injection	NOUN
cblr-10941	971	17	of	of	ADP
cblr-10941	971	18	cash	cash	NOUN
cblr-10941	971	19	from	from	ADP
cblr-10941	971	20	softbank	softbank	NOUN
cblr-10941	971	21	,	,	PUNCT
cblr-10941	971	22	on	on	ADP
cblr-10941	971	23	cruise	cruise	PROPN
cblr-10941	971	24	’s	’s	PART
cblr-10941	971	25	managers	manager	NOUN
cblr-10941	971	26	’	’	PART
cblr-10941	971	27	determination	determination	NOUN
cblr-10941	971	28	“	"	PUNCT
cblr-10941	971	29	[	[	X
cblr-10941	971	30	a]t	a]t	ADJ
cblr-10941	971	31	any	any	DET
cblr-10941	971	32	time	time	NOUN
cblr-10941	971	33	”	"	PUNCT
cblr-10941	971	34	that	that	PRON
cblr-10941	971	35	cruise	cruise	PROPN
cblr-10941	971	36	“	"	PUNCT
cblr-10941	971	37	is	be	AUX
cblr-10941	971	38	reasonably	reasonably	ADV
cblr-10941	971	39	likely	likely	ADJ
cblr-10941	971	40	to	to	PART
cblr-10941	971	41	be	be	AUX
cblr-10941	971	42	ready	ready	ADJ
cblr-10941	971	43	to	to	PART
cblr-10941	971	44	commercially	commercially	ADV
cblr-10941	971	45	deploy	deploy	VERB
cblr-10941	971	46	vehicles	vehicle	NOUN
cblr-10941	971	47	in	in	ADP
cblr-10941	971	48	fully	fully	ADV
cblr-10941	971	49	driverless	driverless	ADJ
cblr-10941	971	50	operation	operation	NOUN
cblr-10941	971	51	.	.	PUNCT
cblr-10941	972	1	”306	”306	VERB
cblr-10941	973	1	each	each	DET
cblr-10941	973	2	class	class	NOUN
cblr-10941	973	3	of	of	ADP
cblr-10941	973	4	investors	investor	NOUN
cblr-10941	973	5	has	have	VERB
cblr-10941	973	6	its	its	PRON
cblr-10941	973	7	own	own	ADJ
cblr-10941	973	8	reasons	reason	NOUN
cblr-10941	973	9	to	to	PART
cblr-10941	973	10	be	be	AUX
cblr-10941	973	11	comfortable	comfortable	ADJ
cblr-10941	973	12	with	with	ADP
cblr-10941	973	13	a	a	DET
cblr-10941	973	14	longer	long	ADJ
cblr-10941	973	15	time	time	NOUN
cblr-10941	973	16	horizon	horizon	NOUN
cblr-10941	973	17	.	.	PUNCT
cblr-10941	974	1	the	the	DET
cblr-10941	974	2	institutional	institutional	ADJ
cblr-10941	974	3	investors	investor	NOUN
cblr-10941	974	4	do	do	AUX
cblr-10941	974	5	n’t	not	PART
cblr-10941	974	6	need	need	VERB
cblr-10941	974	7	to	to	PART
cblr-10941	974	8	worry	worry	VERB
cblr-10941	974	9	about	about	ADP
cblr-10941	974	10	vc	vc	PROPN
cblr-10941	974	11	agency	agency	NOUN
cblr-10941	974	12	costs	cost	NOUN
cblr-10941	974	13	because	because	SCONJ
cblr-10941	974	14	they	they	PRON
cblr-10941	974	15	have	have	AUX
cblr-10941	974	16	cut	cut	VERB
cblr-10941	974	17	out	out	ADP
cblr-10941	974	18	the	the	DET
cblr-10941	974	19	intermediaries	intermediary	NOUN
cblr-10941	974	20	altogether	altogether	ADV
cblr-10941	974	21	.	.	PUNCT
cblr-10941	975	1	they	they	PRON
cblr-10941	975	2	may	may	AUX
cblr-10941	975	3	be	be	AUX
cblr-10941	975	4	willing	willing	ADJ
cblr-10941	975	5	to	to	PART
cblr-10941	975	6	invest	invest	VERB
cblr-10941	975	7	directly	directly	ADV
cblr-10941	975	8	in	in	ADP
cblr-10941	975	9	the	the	DET
cblr-10941	975	10	venture	venture	NOUN
cblr-10941	975	11	carveout	carveout	NOUN
cblr-10941	975	12	because	because	SCONJ
cblr-10941	975	13	the	the	DET
cblr-10941	975	14	carveout	carveout	NOUN
cblr-10941	975	15	’s	’s	PART
cblr-10941	975	16	parents	parent	NOUN
cblr-10941	975	17	are	be	AUX
cblr-10941	975	18	willing	willing	ADJ
cblr-10941	975	19	to	to	PART
cblr-10941	975	20	bet	bet	VERB
cblr-10941	975	21	their	their	PRON
cblr-10941	975	22	capital	capital	NOUN
cblr-10941	975	23	and	and	CCONJ
cblr-10941	975	24	longterm	longterm	ADJ
cblr-10941	975	25	strategy	strategy	NOUN
cblr-10941	975	26	on	on	ADP
cblr-10941	975	27	the	the	DET
cblr-10941	975	28	carveout	carveout	NOUN
cblr-10941	975	29	.	.	PUNCT
cblr-10941	976	1	the	the	DET
cblr-10941	976	2	parents	parent	NOUN
cblr-10941	976	3	’	’	PART
cblr-10941	976	4	costly	costly	ADJ
cblr-10941	976	5	commitment	commitment	NOUN
cblr-10941	976	6	to	to	ADP
cblr-10941	976	7	the	the	DET
cblr-10941	976	8	carveout	carveout	NOUN
cblr-10941	976	9	may	may	AUX
cblr-10941	976	10	reassure	reassure	VERB
cblr-10941	976	11	the	the	DET
cblr-10941	976	12	institutional	institutional	ADJ
cblr-10941	976	13	investors	investor	NOUN
cblr-10941	976	14	that	that	SCONJ
cblr-10941	976	15	they	they	PRON
cblr-10941	976	16	do	do	AUX
cblr-10941	976	17	n’t	not	PART
cblr-10941	976	18	need	need	VERB
cblr-10941	976	19	vcs	vcs	PROPN
cblr-10941	976	20	to	to	PART
cblr-10941	976	21	vet	vet	VERB
cblr-10941	976	22	the	the	DET
cblr-10941	976	23	investment	investment	NOUN
cblr-10941	976	24	.	.	PUNCT
cblr-10941	977	1	strategic	strategic	ADJ
cblr-10941	977	2	considerations	consideration	NOUN
cblr-10941	977	3	,	,	PUNCT
cblr-10941	977	4	rather	rather	ADV
cblr-10941	977	5	than	than	ADP
cblr-10941	977	6	financial	financial	ADJ
cblr-10941	977	7	considerations	consideration	NOUN
cblr-10941	977	8	,	,	PUNCT
cblr-10941	977	9	motivate	motivate	VERB
cblr-10941	977	10	corporate	corporate	ADJ
cblr-10941	977	11	investors	investor	NOUN
cblr-10941	977	12	like	like	ADP
cblr-10941	977	13	autonation	autonation	NOUN
cblr-10941	977	14	,	,	PUNCT
cblr-10941	977	15	magna	magna	PROPN
cblr-10941	977	16	,	,	PUNCT
cblr-10941	977	17	microsoft	microsoft	PROPN
cblr-10941	977	18	,	,	PUNCT
cblr-10941	977	19	walmart	walmart	PROPN
cblr-10941	977	20	.	.	PUNCT
cblr-10941	978	1	investing	invest	VERB
cblr-10941	978	2	in	in	ADP
cblr-10941	978	3	a	a	DET
cblr-10941	978	4	carveout	carveout	NOUN
cblr-10941	978	5	lets	let	VERB
cblr-10941	978	6	them	they	PRON
cblr-10941	978	7	absorb	absorb	VERB
cblr-10941	978	8	private	private	ADJ
cblr-10941	978	9	information	information	NOUN
cblr-10941	978	10	about	about	ADP
cblr-10941	978	11	a	a	DET
cblr-10941	978	12	new	new	ADJ
cblr-10941	978	13	technology	technology	NOUN
cblr-10941	978	14	that	that	PRON
cblr-10941	978	15	may	may	AUX
cblr-10941	978	16	change	change	VERB
cblr-10941	978	17	their	their	PRON
cblr-10941	978	18	businesses	business	NOUN
cblr-10941	978	19	.	.	PUNCT
cblr-10941	979	1	the	the	DET
cblr-10941	979	2	pe	pe	PROPN
cblr-10941	979	3	and	and	CCONJ
cblr-10941	979	4	vc	vc	PROPN
cblr-10941	979	5	firms	firm	NOUN
cblr-10941	979	6	that	that	PRON
cblr-10941	979	7	have	have	AUX
cblr-10941	979	8	invested	invest	VERB
cblr-10941	979	9	in	in	ADP
cblr-10941	979	10	the	the	DET
cblr-10941	979	11	venture	venture	NOUN
cblr-10941	979	12	carveouts	carveout	NOUN
cblr-10941	979	13	—	—	PUNCT
cblr-10941	979	14	like	like	ADP
cblr-10941	979	15	silver	silver	NOUN
cblr-10941	979	16	lake	lake	PROPN
cblr-10941	979	17	and	and	CCONJ
cblr-10941	979	18	andreessen	andreessen	PROPN
cblr-10941	979	19	horowitz	horowitz	PROPN
cblr-10941	979	20	—	—	PUNCT
cblr-10941	979	21	are	be	AUX
cblr-10941	979	22	blue	blue	ADJ
cblr-10941	979	23	chip	chip	NOUN
cblr-10941	979	24	firms	firm	NOUN
cblr-10941	979	25	that	that	PRON
cblr-10941	979	26	have	have	AUX
cblr-10941	979	27	built	build	VERB
cblr-10941	979	28	a	a	DET
cblr-10941	979	29	track	track	NOUN
cblr-10941	979	30	record	record	NOUN
cblr-10941	979	31	that	that	PRON
cblr-10941	979	32	may	may	AUX
cblr-10941	979	33	give	give	VERB
cblr-10941	979	34	them	they	PRON
cblr-10941	979	35	a	a	DET
cblr-10941	979	36	longer	long	ADJ
cblr-10941	979	37	leash	leash	VERB
cblr-10941	979	38	from	from	ADP
cblr-10941	979	39	their	their	PRON
cblr-10941	979	40	lps	lp	NOUN
cblr-10941	979	41	.	.	PUNCT
cblr-10941	980	1	at	at	ADP
cblr-10941	980	2	the	the	DET
cblr-10941	980	3	same	same	ADJ
cblr-10941	980	4	time	time	NOUN
cblr-10941	980	5	,	,	PUNCT
cblr-10941	980	6	the	the	DET
cblr-10941	980	7	venture	venture	NOUN
cblr-10941	980	8	carveout	carveout	NOUN
cblr-10941	980	9	structure	structure	NOUN
cblr-10941	980	10	reduces	reduce	VERB
cblr-10941	980	11	the	the	DET
cblr-10941	980	12	monitoring	monitoring	NOUN
cblr-10941	980	13	costs	cost	NOUN
cblr-10941	980	14	for	for	ADP
cblr-10941	980	15	the	the	DET
cblr-10941	980	16	parents	parent	NOUN
cblr-10941	980	17	’	’	PART
cblr-10941	980	18	shareholders	shareholder	NOUN
cblr-10941	980	19	.	.	PUNCT
cblr-10941	981	1	consider	consider	VERB
cblr-10941	981	2	the	the	DET
cblr-10941	981	3	perspective	perspective	NOUN
cblr-10941	981	4	of	of	ADP
cblr-10941	981	5	gm	gm	PROPN
cblr-10941	981	6	’s	’s	PART
cblr-10941	981	7	public	public	ADJ
cblr-10941	981	8	shareholders	shareholder	NOUN
cblr-10941	981	9	.	.	PUNCT
cblr-10941	982	1	they	they	PRON
cblr-10941	982	2	would	would	AUX
cblr-10941	982	3	generally	generally	ADV
cblr-10941	982	4	be	be	AUX
cblr-10941	982	5	reluctant	reluctant	ADJ
cblr-10941	982	6	to	to	PART
cblr-10941	982	7	allow	allow	VERB
cblr-10941	982	8	gm	gm	PROPN
cblr-10941	982	9	’s	’s	PART
cblr-10941	982	10	managers	manager	NOUN
cblr-10941	982	11	to	to	PART
cblr-10941	982	12	invest	invest	VERB
cblr-10941	982	13	306	306	NUM
cblr-10941	982	14	see	see	NOUN
cblr-10941	982	15	cruise	cruise	NOUN
cblr-10941	982	16	agreement	agreement	NOUN
cblr-10941	982	17	,	,	PUNCT
cblr-10941	982	18	supra	supra	PROPN
cblr-10941	982	19	note	note	NOUN
cblr-10941	982	20	44	44	NUM
cblr-10941	982	21	,	,	PUNCT
cblr-10941	982	22	§	§	PROPN
cblr-10941	982	23	2.02(b)(i	2.02(b)(i	NUM
cblr-10941	982	24	)	)	PUNCT
cblr-10941	982	25	.	.	PUNCT
cblr-10941	983	1	no	no	INTJ
cblr-10941	983	2	.	.	PUNCT
cblr-10941	984	1	2:859	2:859	NUM
cblr-10941	984	2	]	]	X
cblr-10941	984	3	moonshots	moonshot	VERB
cblr-10941	984	4	921	921	NUM
cblr-10941	984	5	billions	billion	NOUN
cblr-10941	984	6	in	in	ADP
cblr-10941	984	7	a	a	DET
cblr-10941	984	8	project	project	NOUN
cblr-10941	984	9	that	that	PRON
cblr-10941	984	10	might	might	AUX
cblr-10941	984	11	not	not	PART
cblr-10941	984	12	generate	generate	VERB
cblr-10941	984	13	profits	profit	NOUN
cblr-10941	984	14	for	for	ADP
cblr-10941	984	15	a	a	DET
cblr-10941	984	16	decade	decade	NOUN
cblr-10941	984	17	.	.	PUNCT
cblr-10941	985	1	the	the	DET
cblr-10941	985	2	shareholders	shareholder	NOUN
cblr-10941	985	3	would	would	AUX
cblr-10941	985	4	n’t	not	PART
cblr-10941	985	5	receive	receive	VERB
cblr-10941	985	6	interim	interim	ADJ
cblr-10941	985	7	feedback	feedback	NOUN
cblr-10941	985	8	that	that	PRON
cblr-10941	985	9	would	would	AUX
cblr-10941	985	10	indicate	indicate	VERB
cblr-10941	985	11	that	that	SCONJ
cblr-10941	985	12	the	the	DET
cblr-10941	985	13	project	project	NOUN
cblr-10941	985	14	was	be	AUX
cblr-10941	985	15	progressing	progress	VERB
cblr-10941	985	16	.	.	PUNCT
cblr-10941	986	1	they	they	PRON
cblr-10941	986	2	would	would	AUX
cblr-10941	986	3	worry	worry	VERB
cblr-10941	986	4	that	that	SCONJ
cblr-10941	986	5	the	the	DET
cblr-10941	986	6	managers	manager	NOUN
cblr-10941	986	7	were	be	AUX
cblr-10941	986	8	squandering	squander	VERB
cblr-10941	986	9	their	their	PRON
cblr-10941	986	10	cash	cash	NOUN
cblr-10941	986	11	or	or	CCONJ
cblr-10941	986	12	using	use	VERB
cblr-10941	986	13	it	it	PRON
cblr-10941	986	14	to	to	PART
cblr-10941	986	15	extract	extract	VERB
cblr-10941	986	16	private	private	ADJ
cblr-10941	986	17	benefits	benefit	NOUN
cblr-10941	986	18	.	.	PUNCT
cblr-10941	987	1	but	but	CCONJ
cblr-10941	987	2	gm	gm	PROPN
cblr-10941	987	3	’s	’s	PART
cblr-10941	987	4	investments	investment	NOUN
cblr-10941	987	5	in	in	ADP
cblr-10941	987	6	cruise	cruise	NOUN
cblr-10941	987	7	reassure	reassure	VERB
cblr-10941	987	8	gm	gm	PROPN
cblr-10941	987	9	’s	’s	PART
cblr-10941	987	10	shareholders	shareholder	NOUN
cblr-10941	987	11	in	in	ADP
cblr-10941	987	12	three	three	NUM
cblr-10941	987	13	ways	way	NOUN
cblr-10941	987	14	.	.	PUNCT
cblr-10941	988	1	first	first	ADV
cblr-10941	988	2	,	,	PUNCT
cblr-10941	988	3	the	the	DET
cblr-10941	988	4	investments	investment	NOUN
cblr-10941	988	5	are	be	AUX
cblr-10941	988	6	more	more	ADV
cblr-10941	988	7	transparent	transparent	ADJ
cblr-10941	988	8	.	.	PUNCT
cblr-10941	989	1	cruise	cruise	NOUN
cblr-10941	989	2	is	be	AUX
cblr-10941	989	3	raising	raise	VERB
cblr-10941	989	4	funds	fund	NOUN
cblr-10941	989	5	at	at	ADP
cblr-10941	989	6	discrete	discrete	ADJ
cblr-10941	989	7	intervals	interval	NOUN
cblr-10941	989	8	and	and	CCONJ
cblr-10941	989	9	the	the	DET
cblr-10941	989	10	dollar	dollar	NOUN
cblr-10941	989	11	figures	figure	NOUN
cblr-10941	989	12	are	be	AUX
cblr-10941	989	13	publicly	publicly	ADV
cblr-10941	989	14	disclosed	disclose	VERB
cblr-10941	989	15	.	.	PUNCT
cblr-10941	990	1	it	it	PRON
cblr-10941	990	2	’s	’	VERB
cblr-10941	990	3	more	more	ADV
cblr-10941	990	4	difficult	difficult	ADJ
cblr-10941	990	5	for	for	SCONJ
cblr-10941	990	6	gm	gm	PROPN
cblr-10941	990	7	’s	’s	PART
cblr-10941	990	8	managers	manager	NOUN
cblr-10941	990	9	to	to	PART
cblr-10941	990	10	tunnel	tunnel	VERB
cblr-10941	990	11	those	those	DET
cblr-10941	990	12	funds	fund	NOUN
cblr-10941	990	13	to	to	ADP
cblr-10941	990	14	themselves	themselves	PRON
cblr-10941	990	15	.	.	PUNCT
cblr-10941	991	1	second	second	ADV
cblr-10941	991	2	,	,	PUNCT
cblr-10941	991	3	gm	gm	PROPN
cblr-10941	991	4	is	be	AUX
cblr-10941	991	5	syndicating	syndicate	VERB
cblr-10941	991	6	its	its	PRON
cblr-10941	991	7	investments	investment	NOUN
cblr-10941	991	8	.	.	PUNCT
cblr-10941	992	1	that	that	PRON
cblr-10941	992	2	means	mean	VERB
cblr-10941	992	3	gm	gm	PROPN
cblr-10941	992	4	needs	need	VERB
cblr-10941	992	5	to	to	PART
cblr-10941	992	6	spend	spend	VERB
cblr-10941	992	7	less	less	ADJ
cblr-10941	992	8	capital	capital	NOUN
cblr-10941	992	9	than	than	SCONJ
cblr-10941	992	10	it	it	PRON
cblr-10941	992	11	would	would	AUX
cblr-10941	992	12	otherwise	otherwise	ADV
cblr-10941	992	13	spend	spend	VERB
cblr-10941	992	14	to	to	PART
cblr-10941	992	15	develop	develop	VERB
cblr-10941	992	16	avs	avs	NOUN
cblr-10941	992	17	,	,	PUNCT
cblr-10941	992	18	and	and	CCONJ
cblr-10941	992	19	to	to	PART
cblr-10941	992	20	hedge	hedge	VERB
cblr-10941	992	21	against	against	ADP
cblr-10941	992	22	the	the	DET
cblr-10941	992	23	risk	risk	NOUN
cblr-10941	992	24	that	that	PRON
cblr-10941	992	25	avs	avs	PROPN
cblr-10941	992	26	will	will	AUX
cblr-10941	992	27	cannibalize	cannibalize	VERB
cblr-10941	992	28	its	its	PRON
cblr-10941	992	29	core	core	NOUN
cblr-10941	992	30	business	business	NOUN
cblr-10941	992	31	.	.	PUNCT
cblr-10941	993	1	cruise	cruise	PROPN
cblr-10941	993	2	’s	’s	PART
cblr-10941	993	3	managers	manager	NOUN
cblr-10941	993	4	must	must	AUX
cblr-10941	993	5	repeatedly	repeatedly	ADV
cblr-10941	993	6	persuade	persuade	VERB
cblr-10941	993	7	outside	outside	ADP
cblr-10941	993	8	investors	investor	NOUN
cblr-10941	993	9	that	that	SCONJ
cblr-10941	993	10	cruise	cruise	NOUN
cblr-10941	993	11	is	be	AUX
cblr-10941	993	12	making	make	VERB
cblr-10941	993	13	progress	progress	NOUN
cblr-10941	993	14	.	.	PUNCT
cblr-10941	994	1	managers	manager	NOUN
cblr-10941	994	2	are	be	AUX
cblr-10941	994	3	less	less	ADV
cblr-10941	994	4	likely	likely	ADJ
cblr-10941	994	5	to	to	PART
cblr-10941	994	6	make	make	VERB
cblr-10941	994	7	wasteful	wasteful	ADJ
cblr-10941	994	8	investments	investment	NOUN
cblr-10941	994	9	when	when	SCONJ
cblr-10941	994	10	they	they	PRON
cblr-10941	994	11	must	must	AUX
cblr-10941	994	12	rely	rely	VERB
cblr-10941	994	13	on	on	ADP
cblr-10941	994	14	external	external	ADJ
cblr-10941	994	15	capital	capital	NOUN
cblr-10941	994	16	rather	rather	ADV
cblr-10941	994	17	than	than	ADP
cblr-10941	994	18	internal	internal	ADJ
cblr-10941	994	19	cash	cash	NOUN
cblr-10941	994	20	flows.307	flows.307	NOUN
cblr-10941	994	21	the	the	DET
cblr-10941	994	22	outside	outside	ADJ
cblr-10941	994	23	investors	investor	NOUN
cblr-10941	994	24	’	'	PUNCT
cblr-10941	994	25	willingness	willingness	NOUN
cblr-10941	994	26	to	to	PART
cblr-10941	994	27	invest	invest	VERB
cblr-10941	994	28	also	also	ADV
cblr-10941	994	29	provides	provide	VERB
cblr-10941	994	30	a	a	DET
cblr-10941	994	31	market	market	NOUN
cblr-10941	994	32	signal	signal	NOUN
cblr-10941	994	33	that	that	SCONJ
cblr-10941	994	34	cruise	cruise	NOUN
cblr-10941	994	35	is	be	AUX
cblr-10941	994	36	making	make	VERB
cblr-10941	994	37	progress	progress	NOUN
cblr-10941	994	38	.	.	PUNCT
cblr-10941	995	1	in	in	ADP
cblr-10941	995	2	a	a	DET
cblr-10941	995	3	sense	sense	NOUN
cblr-10941	995	4	,	,	PUNCT
cblr-10941	995	5	these	these	DET
cblr-10941	995	6	outside	outside	ADJ
cblr-10941	995	7	investors	investor	NOUN
cblr-10941	995	8	are	be	AUX
cblr-10941	995	9	providing	provide	VERB
cblr-10941	995	10	vetting	vetting	NOUN
cblr-10941	995	11	services	service	NOUN
cblr-10941	995	12	to	to	ADP
cblr-10941	995	13	cruise	cruise	PROPN
cblr-10941	995	14	’s	’s	PART
cblr-10941	995	15	public	public	ADJ
cblr-10941	995	16	shareholders	shareholder	NOUN
cblr-10941	995	17	without	without	ADP
cblr-10941	995	18	charging	charge	VERB
cblr-10941	995	19	a	a	DET
cblr-10941	995	20	fee	fee	NOUN
cblr-10941	995	21	.	.	PUNCT
cblr-10941	996	1	third	third	ADJ
cblr-10941	996	2	,	,	PUNCT
cblr-10941	996	3	cruise	cruise	NOUN
cblr-10941	996	4	has	have	VERB
cblr-10941	996	5	independent	independent	ADJ
cblr-10941	996	6	,	,	PUNCT
cblr-10941	996	7	asset	asset	NOUN
cblr-10941	996	8	-	-	PUNCT
cblr-10941	996	9	specific	specific	ADJ
cblr-10941	996	10	governance	governance	NOUN
cblr-10941	996	11	.	.	PUNCT
cblr-10941	997	1	cruise	cruise	PROPN
cblr-10941	997	2	’s	’s	PART
cblr-10941	997	3	directors	director	NOUN
cblr-10941	997	4	owe	owe	VERB
cblr-10941	997	5	fiduciary	fiduciary	ADJ
cblr-10941	997	6	duties	duty	NOUN
cblr-10941	997	7	to	to	PART
cblr-10941	997	8	cruise	cruise	VERB
cblr-10941	997	9	,	,	PUNCT
cblr-10941	997	10	not	not	PART
cblr-10941	997	11	to	to	ADP
cblr-10941	997	12	gm	gm	PROPN
cblr-10941	997	13	,	,	PUNCT
cblr-10941	997	14	except	except	SCONJ
cblr-10941	997	15	in	in	ADP
cblr-10941	997	16	a	a	DET
cblr-10941	997	17	few	few	ADJ
cblr-10941	997	18	specified	specify	VERB
cblr-10941	997	19	circumstances.308	circumstances.308	VERB
cblr-10941	997	20	the	the	DET
cblr-10941	997	21	directors	director	NOUN
cblr-10941	997	22	appointed	appoint	VERB
cblr-10941	997	23	by	by	ADP
cblr-10941	997	24	honda	honda	NOUN
cblr-10941	997	25	,	,	PUNCT
cblr-10941	997	26	softbank	softbank	NOUN
cblr-10941	997	27	,	,	PUNCT
cblr-10941	997	28	and	and	CCONJ
cblr-10941	997	29	other	other	ADJ
cblr-10941	997	30	investors	investor	NOUN
cblr-10941	997	31	should	should	AUX
cblr-10941	997	32	be	be	AUX
cblr-10941	997	33	motivated	motivate	VERB
cblr-10941	997	34	to	to	PART
cblr-10941	997	35	ensure	ensure	VERB
cblr-10941	997	36	that	that	SCONJ
cblr-10941	997	37	cruise	cruise	NOUN
cblr-10941	997	38	’s	’s	PART
cblr-10941	997	39	assets	asset	NOUN
cblr-10941	997	40	are	be	AUX
cblr-10941	997	41	n’t	not	PART
cblr-10941	997	42	being	be	AUX
cblr-10941	997	43	used	use	VERB
cblr-10941	997	44	for	for	ADP
cblr-10941	997	45	the	the	DET
cblr-10941	997	46	private	private	ADJ
cblr-10941	997	47	benefit	benefit	NOUN
cblr-10941	997	48	of	of	ADP
cblr-10941	997	49	gm	gm	PROPN
cblr-10941	997	50	’s	’s	PART
cblr-10941	997	51	managers	manager	NOUN
cblr-10941	997	52	.	.	PUNCT
cblr-10941	998	1	it	it	PRON
cblr-10941	998	2	may	may	AUX
cblr-10941	998	3	seem	seem	VERB
cblr-10941	998	4	counterintuitive	counterintuitive	ADJ
cblr-10941	998	5	that	that	SCONJ
cblr-10941	998	6	gm	gm	PROPN
cblr-10941	998	7	’s	’s	PART
cblr-10941	998	8	shareholders	shareholder	NOUN
cblr-10941	998	9	would	would	AUX
cblr-10941	998	10	want	want	VERB
cblr-10941	998	11	to	to	PART
cblr-10941	998	12	put	put	VERB
cblr-10941	998	13	some	some	PRON
cblr-10941	998	14	of	of	ADP
cblr-10941	998	15	gm	gm	PROPN
cblr-10941	998	16	’s	’s	PART
cblr-10941	998	17	assets	asset	NOUN
cblr-10941	998	18	under	under	ADP
cblr-10941	998	19	the	the	DET
cblr-10941	998	20	control	control	NOUN
cblr-10941	998	21	of	of	ADP
cblr-10941	998	22	third	third	ADJ
cblr-10941	998	23	parties	party	NOUN
cblr-10941	998	24	who	who	PRON
cblr-10941	998	25	do	do	AUX
cblr-10941	998	26	n’t	not	PART
cblr-10941	998	27	have	have	VERB
cblr-10941	998	28	a	a	DET
cblr-10941	998	29	direct	direct	ADJ
cblr-10941	998	30	stake	stake	NOUN
cblr-10941	998	31	in	in	ADP
cblr-10941	998	32	growing	grow	VERB
cblr-10941	998	33	the	the	DET
cblr-10941	998	34	value	value	NOUN
cblr-10941	998	35	of	of	ADP
cblr-10941	998	36	gm	gm	PROPN
cblr-10941	998	37	.	.	PUNCT
cblr-10941	999	1	but	but	CCONJ
cblr-10941	999	2	the	the	DET
cblr-10941	999	3	third	third	ADJ
cblr-10941	999	4	parties	party	NOUN
cblr-10941	999	5	have	have	VERB
cblr-10941	999	6	a	a	DET
cblr-10941	999	7	stake	stake	NOUN
cblr-10941	999	8	in	in	ADP
cblr-10941	999	9	growing	grow	VERB
cblr-10941	999	10	the	the	DET
cblr-10941	999	11	value	value	NOUN
cblr-10941	999	12	of	of	ADP
cblr-10941	999	13	cruise	cruise	NOUN
cblr-10941	999	14	,	,	PUNCT
cblr-10941	999	15	which	which	PRON
cblr-10941	999	16	would	would	AUX
cblr-10941	999	17	grow	grow	VERB
cblr-10941	999	18	the	the	DET
cblr-10941	999	19	value	value	NOUN
cblr-10941	999	20	of	of	ADP
cblr-10941	999	21	gm	gm	PROPN
cblr-10941	999	22	’s	’s	PART
cblr-10941	999	23	share	share	NOUN
cblr-10941	999	24	of	of	ADP
cblr-10941	999	25	cruise	cruise	NOUN
cblr-10941	999	26	.	.	PUNCT
cblr-10941	1000	1	307	307	NUM
cblr-10941	1000	2	barzuza	barzuza	NOUN
cblr-10941	1000	3	&	&	CCONJ
cblr-10941	1000	4	talley	talley	PROPN
cblr-10941	1000	5	,	,	PUNCT
cblr-10941	1000	6	supra	supra	PROPN
cblr-10941	1000	7	note	note	PROPN
cblr-10941	1000	8	66	66	NUM
cblr-10941	1000	9	,	,	PUNCT
cblr-10941	1000	10	at	at	ADP
cblr-10941	1000	11	179	179	NUM
cblr-10941	1000	12	.	.	PUNCT
cblr-10941	1001	1	308	308	NUM
cblr-10941	1001	2	see	see	VERB
cblr-10941	1001	3	cruise	cruise	NOUN
cblr-10941	1001	4	agreement	agreement	NOUN
cblr-10941	1001	5	,	,	PUNCT
cblr-10941	1001	6	supra	supra	PROPN
cblr-10941	1001	7	note	note	NOUN
cblr-10941	1001	8	44	44	NUM
cblr-10941	1001	9	,	,	PUNCT
cblr-10941	1001	10	§	§	PROPN
cblr-10941	1001	11	5.08(b	5.08(b	PROPN
cblr-10941	1001	12	)	)	PUNCT
cblr-10941	1001	13	.	.	PUNCT
cblr-10941	1002	1	922	922	NUM
cblr-10941	1002	2	columbia	columbia	PROPN
cblr-10941	1002	3	business	business	NOUN
cblr-10941	1002	4	law	law	PROPN
cblr-10941	1002	5	review	review	NOUN
cblr-10941	1002	6	[	[	X
cblr-10941	1002	7	vol	vol	NOUN
cblr-10941	1002	8	.	.	PUNCT
cblr-10941	1002	9	2022	2022	NUM
cblr-10941	1002	10	c.	c.	PROPN
cblr-10941	1002	11	foreseeable	foreseeable	ADJ
cblr-10941	1002	12	risks	risk	NOUN
cblr-10941	1002	13	it	it	PRON
cblr-10941	1002	14	’s	’	VERB
cblr-10941	1002	15	too	too	ADV
cblr-10941	1002	16	early	early	ADJ
cblr-10941	1002	17	to	to	PART
cblr-10941	1002	18	know	know	VERB
cblr-10941	1002	19	if	if	SCONJ
cblr-10941	1002	20	the	the	DET
cblr-10941	1002	21	venture	venture	NOUN
cblr-10941	1002	22	carveout	carveout	NOUN
cblr-10941	1002	23	experiment	experiment	NOUN
cblr-10941	1002	24	will	will	AUX
cblr-10941	1002	25	succeed	succeed	VERB
cblr-10941	1002	26	.	.	PUNCT
cblr-10941	1003	1	the	the	DET
cblr-10941	1003	2	most	most	ADV
cblr-10941	1003	3	obvious	obvious	ADJ
cblr-10941	1003	4	question	question	NOUN
cblr-10941	1003	5	is	be	AUX
cblr-10941	1003	6	:	:	PUNCT
cblr-10941	1003	7	will	will	AUX
cblr-10941	1003	8	the	the	DET
cblr-10941	1003	9	carveouts	carveout	NOUN
cblr-10941	1003	10	’	'	PUNCT
cblr-10941	1003	11	backers	backer	NOUN
cblr-10941	1003	12	have	have	VERB
cblr-10941	1003	13	the	the	DET
cblr-10941	1003	14	patience	patience	NOUN
cblr-10941	1003	15	that	that	PRON
cblr-10941	1003	16	the	the	DET
cblr-10941	1003	17	structure	structure	NOUN
cblr-10941	1003	18	was	be	AUX
cblr-10941	1003	19	designed	design	VERB
cblr-10941	1003	20	to	to	PART
cblr-10941	1003	21	enable	enable	VERB
cblr-10941	1003	22	if	if	SCONJ
cblr-10941	1003	23	economic	economic	ADJ
cblr-10941	1003	24	conditions	condition	NOUN
cblr-10941	1003	25	deteriorate	deteriorate	VERB
cblr-10941	1003	26	?	?	PUNCT
cblr-10941	1004	1	for	for	ADP
cblr-10941	1004	2	argo	argo	PROPN
cblr-10941	1004	3	’s	’s	PART
cblr-10941	1004	4	backers	backer	NOUN
cblr-10941	1004	5	,	,	PUNCT
cblr-10941	1004	6	the	the	DET
cblr-10941	1004	7	answer	answer	NOUN
cblr-10941	1004	8	was	be	AUX
cblr-10941	1004	9	no	no	INTJ
cblr-10941	1004	10	.	.	PUNCT
cblr-10941	1005	1	when	when	SCONJ
cblr-10941	1005	2	argo	argo	PROPN
cblr-10941	1005	3	shut	shut	VERB
cblr-10941	1005	4	down	down	ADP
cblr-10941	1005	5	in	in	ADP
cblr-10941	1005	6	october	october	PROPN
cblr-10941	1005	7	2022	2022	NUM
cblr-10941	1005	8	,	,	PUNCT
cblr-10941	1005	9	ford	ford	PROPN
cblr-10941	1005	10	’s	’s	PART
cblr-10941	1005	11	new	new	PROPN
cblr-10941	1005	12	ceo	ceo	PROPN
cblr-10941	1005	13	jim	jim	PROPN
cblr-10941	1005	14	farley	farley	PROPN
cblr-10941	1005	15	admitted	admit	VERB
cblr-10941	1005	16	to	to	ADP
cblr-10941	1005	17	analysts	analyst	NOUN
cblr-10941	1005	18	that	that	SCONJ
cblr-10941	1005	19	the	the	DET
cblr-10941	1005	20	decision	decision	NOUN
cblr-10941	1005	21	was	be	AUX
cblr-10941	1005	22	motivated	motivate	VERB
cblr-10941	1005	23	in	in	ADP
cblr-10941	1005	24	part	part	NOUN
cblr-10941	1005	25	by	by	ADP
cblr-10941	1005	26	argo	argo	PROPN
cblr-10941	1005	27	’s	’s	PART
cblr-10941	1005	28	inability	inability	NOUN
cblr-10941	1005	29	to	to	PART
cblr-10941	1005	30	secure	secure	VERB
cblr-10941	1005	31	more	more	ADJ
cblr-10941	1005	32	private	private	ADJ
cblr-10941	1005	33	financing	financing	NOUN
cblr-10941	1005	34	and	and	CCONJ
cblr-10941	1005	35	the	the	DET
cblr-10941	1005	36	daunting	daunt	VERB
cblr-10941	1005	37	prospects	prospect	NOUN
cblr-10941	1005	38	of	of	ADP
cblr-10941	1005	39	taking	take	VERB
cblr-10941	1005	40	it	it	PRON
cblr-10941	1005	41	public.309	public.309	NOUN
cblr-10941	1005	42	he	he	PRON
cblr-10941	1005	43	emphasized	emphasize	VERB
cblr-10941	1005	44	the	the	DET
cblr-10941	1005	45	“	"	PUNCT
cblr-10941	1005	46	opaqueness	opaqueness	NOUN
cblr-10941	1005	47	.	.	PUNCT
cblr-10941	1005	48	.	.	PUNCT
cblr-10941	1006	1	.	.	PUNCT
cblr-10941	1007	1	of	of	ADP
cblr-10941	1007	2	the	the	DET
cblr-10941	1007	3	view	view	NOUN
cblr-10941	1007	4	to	to	PART
cblr-10941	1007	5	return	return	VERB
cblr-10941	1007	6	capital	capital	NOUN
cblr-10941	1007	7	”	"	PUNCT
cblr-10941	1007	8	from	from	ADP
cblr-10941	1007	9	investments	investment	NOUN
cblr-10941	1007	10	in	in	ADP
cblr-10941	1007	11	fully	fully	ADV
cblr-10941	1007	12	autonomous	autonomous	ADJ
cblr-10941	1007	13	vehicles.310	vehicles.310	PROPN
cblr-10941	1007	14	ford	ford	NOUN
cblr-10941	1007	15	’s	’s	PART
cblr-10941	1007	16	cfo	cfo	PROPN
cblr-10941	1007	17	noted	note	VERB
cblr-10941	1007	18	that	that	SCONJ
cblr-10941	1007	19	argo	argo	PROPN
cblr-10941	1007	20	had	have	AUX
cblr-10941	1007	21	been	be	AUX
cblr-10941	1007	22	in	in	ADP
cblr-10941	1007	23	operation	operation	NOUN
cblr-10941	1007	24	for	for	ADP
cblr-10941	1007	25	over	over	ADP
cblr-10941	1007	26	five	five	NUM
cblr-10941	1007	27	years	year	NOUN
cblr-10941	1007	28	,	,	PUNCT
cblr-10941	1007	29	yet	yet	CCONJ
cblr-10941	1007	30	the	the	DET
cblr-10941	1007	31	“	"	PUNCT
cblr-10941	1007	32	horizon	horizon	NOUN
cblr-10941	1007	33	”	"	PUNCT
cblr-10941	1007	34	for	for	ADP
cblr-10941	1007	35	generating	generate	VERB
cblr-10941	1007	36	revenue	revenue	NOUN
cblr-10941	1007	37	was	be	AUX
cblr-10941	1007	38	still	still	ADV
cblr-10941	1007	39	“	"	PUNCT
cblr-10941	1007	40	far	far	ADV
cblr-10941	1007	41	out	out	ADV
cblr-10941	1007	42	.	.	PUNCT
cblr-10941	1007	43	”311	”311	PUNCT
cblr-10941	1008	1	the	the	DET
cblr-10941	1008	2	venture	venture	NOUN
cblr-10941	1008	3	carveouts	carveout	NOUN
cblr-10941	1008	4	that	that	SCONJ
cblr-10941	1008	5	persevere	persevere	NOUN
cblr-10941	1008	6	may	may	AUX
cblr-10941	1008	7	face	face	VERB
cblr-10941	1008	8	some	some	PRON
cblr-10941	1008	9	of	of	ADP
cblr-10941	1008	10	the	the	DET
cblr-10941	1008	11	same	same	ADJ
cblr-10941	1008	12	problems	problem	NOUN
cblr-10941	1008	13	that	that	PRON
cblr-10941	1008	14	late	late	ADJ
cblr-10941	1008	15	-	-	PUNCT
cblr-10941	1008	16	stage	stage	NOUN
cblr-10941	1008	17	startups	startup	NOUN
cblr-10941	1008	18	encounter	encounter	NOUN
cblr-10941	1008	19	—	—	PUNCT
cblr-10941	1008	20	employee	employee	NOUN
cblr-10941	1008	21	liquidity	liquidity	NOUN
cblr-10941	1008	22	pressure	pressure	NOUN
cblr-10941	1008	23	and	and	CCONJ
cblr-10941	1008	24	conflicts	conflict	NOUN
cblr-10941	1008	25	about	about	ADP
cblr-10941	1008	26	exit.312	exit.312	PROPN
cblr-10941	1008	27	they	they	PRON
cblr-10941	1008	28	may	may	AUX
cblr-10941	1008	29	also	also	ADV
cblr-10941	1008	30	face	face	VERB
cblr-10941	1008	31	the	the	DET
cblr-10941	1008	32	problem	problem	NOUN
cblr-10941	1008	33	that	that	PRON
cblr-10941	1008	34	corporate	corporate	ADJ
cblr-10941	1008	35	jvs	jvs	PROPN
cblr-10941	1008	36	face	face	NOUN
cblr-10941	1008	37	—	—	PUNCT
cblr-10941	1008	38	conflicts	conflict	NOUN
cblr-10941	1008	39	about	about	ADP
cblr-10941	1008	40	strategy	strategy	NOUN
cblr-10941	1008	41	between	between	ADP
cblr-10941	1008	42	two	two	NUM
cblr-10941	1008	43	competing	compete	VERB
cblr-10941	1008	44	parents	parent	NOUN
cblr-10941	1008	45	.	.	PUNCT
cblr-10941	1009	1	the	the	DET
cblr-10941	1009	2	greatest	great	ADJ
cblr-10941	1009	3	challenge	challenge	NOUN
cblr-10941	1009	4	is	be	AUX
cblr-10941	1009	5	unique	unique	ADJ
cblr-10941	1009	6	to	to	ADP
cblr-10941	1009	7	the	the	DET
cblr-10941	1009	8	venture	venture	NOUN
cblr-10941	1009	9	carveout	carveout	NOUN
cblr-10941	1009	10	structure	structure	NOUN
cblr-10941	1009	11	—	—	PUNCT
cblr-10941	1009	12	conflicts	conflict	NOUN
cblr-10941	1009	13	between	between	ADP
cblr-10941	1009	14	the	the	DET
cblr-10941	1009	15	carveout	carveout	NOUN
cblr-10941	1009	16	and	and	CCONJ
cblr-10941	1009	17	the	the	DET
cblr-10941	1009	18	parents	parent	NOUN
cblr-10941	1009	19	’	’	PART
cblr-10941	1009	20	existing	exist	VERB
cblr-10941	1009	21	lines	line	NOUN
cblr-10941	1009	22	of	of	ADP
cblr-10941	1009	23	business	business	NOUN
cblr-10941	1009	24	.	.	PUNCT
cblr-10941	1010	1	the	the	DET
cblr-10941	1010	2	viability	viability	NOUN
cblr-10941	1010	3	of	of	ADP
cblr-10941	1010	4	venture	venture	NOUN
cblr-10941	1010	5	carveouts	carveout	NOUN
cblr-10941	1010	6	as	as	ADP
cblr-10941	1010	7	a	a	DET
cblr-10941	1010	8	general	general	ADJ
cblr-10941	1010	9	solution	solution	NOUN
cblr-10941	1010	10	for	for	ADP
cblr-10941	1010	11	incubating	incubate	VERB
cblr-10941	1010	12	moonshots	moonshot	NOUN
cblr-10941	1010	13	will	will	AUX
cblr-10941	1010	14	depend	depend	VERB
cblr-10941	1010	15	on	on	ADP
cblr-10941	1010	16	whether	whether	SCONJ
cblr-10941	1010	17	they	they	PRON
cblr-10941	1010	18	can	can	AUX
cblr-10941	1010	19	overcome	overcome	VERB
cblr-10941	1010	20	these	these	DET
cblr-10941	1010	21	challenges	challenge	NOUN
cblr-10941	1010	22	.	.	PUNCT
cblr-10941	1011	1	the	the	DET
cblr-10941	1011	2	venture	venture	NOUN
cblr-10941	1011	3	carveouts	carveout	NOUN
cblr-10941	1011	4	could	could	AUX
cblr-10941	1011	5	face	face	VERB
cblr-10941	1011	6	liquidity	liquidity	NOUN
cblr-10941	1011	7	pressure	pressure	NOUN
cblr-10941	1011	8	from	from	ADP
cblr-10941	1011	9	either	either	CCONJ
cblr-10941	1011	10	their	their	PRON
cblr-10941	1011	11	outside	outside	ADJ
cblr-10941	1011	12	investors	investor	NOUN
cblr-10941	1011	13	or	or	CCONJ
cblr-10941	1011	14	their	their	PRON
cblr-10941	1011	15	employees	employee	NOUN
cblr-10941	1011	16	.	.	PUNCT
cblr-10941	1012	1	liquidity	liquidity	NOUN
cblr-10941	1012	2	pressure	pressure	NOUN
cblr-10941	1012	3	is	be	AUX
cblr-10941	1012	4	the	the	DET
cblr-10941	1012	5	predictable	predictable	ADJ
cblr-10941	1012	6	result	result	NOUN
cblr-10941	1012	7	of	of	ADP
cblr-10941	1012	8	investor	investor	NOUN
cblr-10941	1012	9	lock	lock	NOUN
cblr-10941	1012	10	-	-	PUNCT
cblr-10941	1012	11	in.313	in.313	PROPN
cblr-10941	1012	12	the	the	DET
cblr-10941	1012	13	outside	outside	ADJ
cblr-10941	1012	14	investors	investor	NOUN
cblr-10941	1012	15	should	should	AUX
cblr-10941	1012	16	know	know	VERB
cblr-10941	1012	17	they	they	PRON
cblr-10941	1012	18	have	have	AUX
cblr-10941	1012	19	signed	sign	VERB
cblr-10941	1012	20	up	up	ADP
cblr-10941	1012	21	for	for	ADP
cblr-10941	1012	22	an	an	DET
cblr-10941	1012	23	309	309	NUM
cblr-10941	1012	24	see	see	NOUN
cblr-10941	1012	25	ford	ford	PROPN
cblr-10941	1012	26	motor	motor	PROPN
cblr-10941	1012	27	co.	co.	PROPN
cblr-10941	1012	28	,	,	PUNCT
cblr-10941	1012	29	supra	supra	PROPN
cblr-10941	1012	30	note	note	PROPN
cblr-10941	1012	31	53	53	NUM
cblr-10941	1012	32	,	,	PUNCT
cblr-10941	1012	33	at	at	ADP
cblr-10941	1012	34	9	9	NUM
cblr-10941	1012	35	(	(	PUNCT
cblr-10941	1012	36	“	"	PUNCT
cblr-10941	1012	37	we	we	PRON
cblr-10941	1012	38	were	be	AUX
cblr-10941	1012	39	very	very	ADV
cblr-10941	1012	40	clear	clear	ADJ
cblr-10941	1012	41	that	that	SCONJ
cblr-10941	1012	42	the	the	DET
cblr-10941	1012	43	argo	argo	PROPN
cblr-10941	1012	44	journey	journey	NOUN
cblr-10941	1012	45	would	would	AUX
cblr-10941	1012	46	include	include	VERB
cblr-10941	1012	47	access	access	NOUN
cblr-10941	1012	48	to	to	ADP
cblr-10941	1012	49	public	public	ADJ
cblr-10941	1012	50	markets	market	NOUN
cblr-10941	1012	51	over	over	ADP
cblr-10941	1012	52	the	the	DET
cblr-10941	1012	53	last	last	ADJ
cblr-10941	1012	54	year	year	NOUN
cblr-10941	1012	55	.	.	PUNCT
cblr-10941	1013	1	and	and	CCONJ
cblr-10941	1013	2	we	we	PRON
cblr-10941	1013	3	feel	feel	VERB
cblr-10941	1013	4	like	like	SCONJ
cblr-10941	1013	5	that	that	PRON
cblr-10941	1013	6	’s	’	VERB
cblr-10941	1013	7	a	a	DET
cblr-10941	1013	8	lot	lot	NOUN
cblr-10941	1013	9	more	more	ADV
cblr-10941	1013	10	challenged	challenge	VERB
cblr-10941	1013	11	.	.	PUNCT
cblr-10941	1014	1	so	so	ADV
cblr-10941	1014	2	yes	yes	INTJ
cblr-10941	1014	3	,	,	PUNCT
cblr-10941	1014	4	we	we	PRON
cblr-10941	1014	5	looked	look	VERB
cblr-10941	1014	6	at	at	ADP
cblr-10941	1014	7	possible	possible	ADJ
cblr-10941	1014	8	partnerships	partnership	NOUN
cblr-10941	1014	9	and	and	CCONJ
cblr-10941	1014	10	funding	funding	NOUN
cblr-10941	1014	11	.	.	PUNCT
cblr-10941	1014	12	”	"	PUNCT
cblr-10941	1014	13	)	)	PUNCT
cblr-10941	1014	14	.	.	PUNCT
cblr-10941	1015	1	310	310	NUM
cblr-10941	1016	1	i	i	PRON
cblr-10941	1016	2	d.	d.	PROPN
cblr-10941	1016	3	at	at	ADP
cblr-10941	1016	4	8	8	NUM
cblr-10941	1016	5	.	.	X
cblr-10941	1017	1	311	311	NUM
cblr-10941	1017	2	i	i	NOUN
cblr-10941	1017	3	d.	d.	PROPN
cblr-10941	1017	4	at	at	ADP
cblr-10941	1017	5	9	9	NUM
cblr-10941	1017	6	.	.	PUNCT
cblr-10941	1018	1	312	312	NUM
cblr-10941	1018	2	see	see	NOUN
cblr-10941	1018	3	elizabeth	elizabeth	PROPN
cblr-10941	1018	4	pollman	pollman	PROPN
cblr-10941	1018	5	,	,	PUNCT
cblr-10941	1018	6	startup	startup	NOUN
cblr-10941	1018	7	governance	governance	NOUN
cblr-10941	1018	8	,	,	PUNCT
cblr-10941	1018	9	168	168	NUM
cblr-10941	1018	10	u.	u.	PROPN
cblr-10941	1018	11	pa	pa	PROPN
cblr-10941	1018	12	.	.	PUNCT
cblr-10941	1018	13	l.	l.	PROPN
cblr-10941	1018	14	rev	rev	PROPN
cblr-10941	1018	15	.	.	PROPN
cblr-10941	1018	16	155	155	NUM
cblr-10941	1018	17	,	,	PUNCT
cblr-10941	1018	18	209–16	209–16	NOUN
cblr-10941	1018	19	(	(	PUNCT
cblr-10941	1018	20	2019	2019	NUM
cblr-10941	1018	21	)	)	PUNCT
cblr-10941	1018	22	(	(	PUNCT
cblr-10941	1018	23	describing	describe	VERB
cblr-10941	1018	24	liquidity	liquidity	NOUN
cblr-10941	1018	25	pressure	pressure	NOUN
cblr-10941	1018	26	and	and	CCONJ
cblr-10941	1018	27	conflicts	conflict	NOUN
cblr-10941	1018	28	over	over	ADP
cblr-10941	1018	29	exit	exit	NOUN
cblr-10941	1018	30	in	in	ADP
cblr-10941	1018	31	latestage	latestage	NOUN
cblr-10941	1018	32	startups	startup	NOUN
cblr-10941	1018	33	)	)	PUNCT
cblr-10941	1018	34	.	.	PUNCT
cblr-10941	1019	1	313	313	NUM
cblr-10941	1019	2	see	see	VERB
cblr-10941	1019	3	ibrahim	ibrahim	PROPN
cblr-10941	1019	4	,	,	PUNCT
cblr-10941	1019	5	supra	supra	PROPN
cblr-10941	1019	6	note	note	PROPN
cblr-10941	1019	7	106	106	NUM
cblr-10941	1019	8	,	,	PUNCT
cblr-10941	1019	9	at	at	ADP
cblr-10941	1019	10	8–15	8–15	PROPN
cblr-10941	1019	11	(	(	PUNCT
cblr-10941	1019	12	explaining	explain	VERB
cblr-10941	1019	13	how	how	SCONJ
cblr-10941	1019	14	investor	investor	NOUN
cblr-10941	1019	15	lockin	lockin	NOUN
cblr-10941	1019	16	leads	lead	VERB
cblr-10941	1019	17	to	to	ADP
cblr-10941	1019	18	liquidity	liquidity	NOUN
cblr-10941	1019	19	pressure	pressure	NOUN
cblr-10941	1019	20	)	)	PUNCT
cblr-10941	1019	21	.	.	PUNCT
cblr-10941	1020	1	no	no	INTJ
cblr-10941	1020	2	.	.	PUNCT
cblr-10941	1021	1	2:859	2:859	NUM
cblr-10941	1021	2	]	]	X
cblr-10941	1021	3	moonshots	moonshot	VERB
cblr-10941	1021	4	923	923	NUM
cblr-10941	1021	5	investment	investment	NOUN
cblr-10941	1021	6	with	with	ADP
cblr-10941	1021	7	a	a	DET
cblr-10941	1021	8	long	long	ADJ
cblr-10941	1021	9	time	time	NOUN
cblr-10941	1021	10	horizon	horizon	NOUN
cblr-10941	1021	11	,	,	PUNCT
cblr-10941	1021	12	but	but	CCONJ
cblr-10941	1021	13	the	the	DET
cblr-10941	1021	14	horizon	horizon	NOUN
cblr-10941	1021	15	could	could	AUX
cblr-10941	1021	16	be	be	AUX
cblr-10941	1021	17	even	even	ADV
cblr-10941	1021	18	further	far	ADV
cblr-10941	1021	19	away	away	ADV
cblr-10941	1021	20	than	than	SCONJ
cblr-10941	1021	21	they	they	PRON
cblr-10941	1021	22	expect	expect	VERB
cblr-10941	1021	23	.	.	PUNCT
cblr-10941	1022	1	human	human	ADJ
cblr-10941	1022	2	beings	being	NOUN
cblr-10941	1022	3	have	have	AUX
cblr-10941	1022	4	limited	limit	VERB
cblr-10941	1022	5	financial	financial	ADJ
cblr-10941	1022	6	time	time	NOUN
cblr-10941	1022	7	horizons	horizon	NOUN
cblr-10941	1022	8	too	too	ADV
cblr-10941	1022	9	.	.	PUNCT
cblr-10941	1023	1	employees	employee	NOUN
cblr-10941	1023	2	who	who	PRON
cblr-10941	1023	3	work	work	VERB
cblr-10941	1023	4	at	at	ADP
cblr-10941	1023	5	a	a	DET
cblr-10941	1023	6	venture	venture	NOUN
cblr-10941	1023	7	carveout	carveout	NOUN
cblr-10941	1023	8	for	for	ADP
cblr-10941	1023	9	several	several	ADJ
cblr-10941	1023	10	years	year	NOUN
cblr-10941	1023	11	will	will	AUX
cblr-10941	1023	12	have	have	VERB
cblr-10941	1023	13	vested	vested	ADJ
cblr-10941	1023	14	equity	equity	NOUN
cblr-10941	1023	15	that	that	PRON
cblr-10941	1023	16	is	be	AUX
cblr-10941	1023	17	worth	worth	ADJ
cblr-10941	1023	18	a	a	DET
cblr-10941	1023	19	lot	lot	NOUN
cblr-10941	1023	20	on	on	ADP
cblr-10941	1023	21	paper	paper	NOUN
cblr-10941	1023	22	but	but	CCONJ
cblr-10941	1023	23	ca	can	AUX
cblr-10941	1023	24	n’t	not	PART
cblr-10941	1023	25	be	be	AUX
cblr-10941	1023	26	converted	convert	VERB
cblr-10941	1023	27	to	to	ADP
cblr-10941	1023	28	cash	cash	NOUN
cblr-10941	1023	29	.	.	PUNCT
cblr-10941	1024	1	like	like	ADP
cblr-10941	1024	2	venture	venture	NOUN
cblr-10941	1024	3	-	-	PUNCT
cblr-10941	1024	4	backed	back	VERB
cblr-10941	1024	5	startups	startup	NOUN
cblr-10941	1024	6	,	,	PUNCT
cblr-10941	1024	7	venture	venture	NOUN
cblr-10941	1024	8	carveouts	carveout	NOUN
cblr-10941	1024	9	can	can	AUX
cblr-10941	1024	10	grant	grant	VERB
cblr-10941	1024	11	employees	employee	NOUN
cblr-10941	1024	12	a	a	DET
cblr-10941	1024	13	second	second	ADJ
cblr-10941	1024	14	set	set	NOUN
cblr-10941	1024	15	of	of	ADP
cblr-10941	1024	16	options	option	NOUN
cblr-10941	1024	17	,	,	PUNCT
cblr-10941	1024	18	which	which	PRON
cblr-10941	1024	19	would	would	AUX
cblr-10941	1024	20	start	start	VERB
cblr-10941	1024	21	a	a	DET
cblr-10941	1024	22	new	new	ADJ
cblr-10941	1024	23	vesting	vesting	NOUN
cblr-10941	1024	24	schedule.314	schedule.314	NOUN
cblr-10941	1025	1	but	but	CCONJ
cblr-10941	1025	2	if	if	SCONJ
cblr-10941	1025	3	the	the	DET
cblr-10941	1025	4	employees	employee	NOUN
cblr-10941	1025	5	are	be	AUX
cblr-10941	1025	6	rational	rational	ADJ
cblr-10941	1025	7	investors	investor	NOUN
cblr-10941	1025	8	,	,	PUNCT
cblr-10941	1025	9	they	they	PRON
cblr-10941	1025	10	will	will	AUX
cblr-10941	1025	11	eventually	eventually	ADV
cblr-10941	1025	12	want	want	VERB
cblr-10941	1025	13	to	to	PART
cblr-10941	1025	14	diversify	diversify	VERB
cblr-10941	1025	15	risk	risk	NOUN
cblr-10941	1025	16	rather	rather	ADV
cblr-10941	1025	17	than	than	ADP
cblr-10941	1025	18	concentrate	concentrate	VERB
cblr-10941	1025	19	risk	risk	NOUN
cblr-10941	1025	20	in	in	ADP
cblr-10941	1025	21	one	one	NUM
cblr-10941	1025	22	especially	especially	ADV
cblr-10941	1025	23	risky	risky	ADJ
cblr-10941	1025	24	asset.315	asset.315	PROPN
cblr-10941	1025	25	employees	employee	NOUN
cblr-10941	1025	26	will	will	AUX
cblr-10941	1025	27	put	put	VERB
cblr-10941	1025	28	pressure	pressure	NOUN
cblr-10941	1025	29	on	on	ADP
cblr-10941	1025	30	the	the	DET
cblr-10941	1025	31	carveout	carveout	NOUN
cblr-10941	1025	32	’s	’s	PART
cblr-10941	1025	33	managers	manager	NOUN
cblr-10941	1025	34	to	to	PART
cblr-10941	1025	35	take	take	VERB
cblr-10941	1025	36	the	the	DET
cblr-10941	1025	37	carveout	carveout	NOUN
cblr-10941	1025	38	public	public	NOUN
cblr-10941	1025	39	,	,	PUNCT
cblr-10941	1025	40	sell	sell	VERB
cblr-10941	1025	41	it	it	PRON
cblr-10941	1025	42	to	to	ADP
cblr-10941	1025	43	another	another	DET
cblr-10941	1025	44	company	company	NOUN
cblr-10941	1025	45	,	,	PUNCT
cblr-10941	1025	46	or	or	CCONJ
cblr-10941	1025	47	allow	allow	VERB
cblr-10941	1025	48	employee	employee	NOUN
cblr-10941	1025	49	shareholders	shareholder	NOUN
cblr-10941	1025	50	to	to	PART
cblr-10941	1025	51	trade	trade	VERB
cblr-10941	1025	52	on	on	ADP
cblr-10941	1025	53	the	the	DET
cblr-10941	1025	54	secondary	secondary	ADJ
cblr-10941	1025	55	markets	market	NOUN
cblr-10941	1025	56	.	.	PUNCT
cblr-10941	1026	1	liquidity	liquidity	NOUN
cblr-10941	1026	2	pressure	pressure	NOUN
cblr-10941	1026	3	might	might	AUX
cblr-10941	1026	4	force	force	VERB
cblr-10941	1026	5	venture	venture	NOUN
cblr-10941	1026	6	carveouts	carveout	NOUN
cblr-10941	1026	7	to	to	AUX
cblr-10941	1026	8	exit	exit	VERB
cblr-10941	1026	9	prematurely	prematurely	ADV
cblr-10941	1026	10	.	.	PUNCT
cblr-10941	1027	1	a	a	DET
cblr-10941	1027	2	venture	venture	NOUN
cblr-10941	1027	3	carveout	carveout	NOUN
cblr-10941	1027	4	,	,	PUNCT
cblr-10941	1027	5	like	like	ADP
cblr-10941	1027	6	a	a	DET
cblr-10941	1027	7	startup	startup	NOUN
cblr-10941	1027	8	,	,	PUNCT
cblr-10941	1027	9	will	will	AUX
cblr-10941	1027	10	exit	exit	VERB
cblr-10941	1027	11	on	on	ADP
cblr-10941	1027	12	more	more	ADV
cblr-10941	1027	13	favorable	favorable	ADJ
cblr-10941	1027	14	terms	term	NOUN
cblr-10941	1027	15	once	once	SCONJ
cblr-10941	1027	16	its	its	PRON
cblr-10941	1027	17	product	product	NOUN
cblr-10941	1027	18	has	have	VERB
cblr-10941	1027	19	a	a	DET
cblr-10941	1027	20	clear	clear	ADJ
cblr-10941	1027	21	path	path	NOUN
cblr-10941	1027	22	to	to	ADP
cblr-10941	1027	23	profitability	profitability	NOUN
cblr-10941	1027	24	.	.	PUNCT
cblr-10941	1028	1	the	the	DET
cblr-10941	1028	2	carveouts	carveout	NOUN
cblr-10941	1028	3	developing	develop	VERB
cblr-10941	1028	4	avs	avs	NOUN
cblr-10941	1028	5	wo	will	AUX
cblr-10941	1028	6	n’t	not	PART
cblr-10941	1028	7	have	have	VERB
cblr-10941	1028	8	clinical	clinical	ADJ
cblr-10941	1028	9	trial	trial	NOUN
cblr-10941	1028	10	data	datum	NOUN
cblr-10941	1028	11	that	that	PRON
cblr-10941	1028	12	can	can	AUX
cblr-10941	1028	13	assuage	assuage	VERB
cblr-10941	1028	14	investors	investor	NOUN
cblr-10941	1028	15	.	.	PUNCT
cblr-10941	1029	1	they	they	PRON
cblr-10941	1029	2	may	may	AUX
cblr-10941	1029	3	need	need	VERB
cblr-10941	1029	4	to	to	PART
cblr-10941	1029	5	show	show	VERB
cblr-10941	1029	6	that	that	SCONJ
cblr-10941	1029	7	passengers	passenger	NOUN
cblr-10941	1029	8	are	be	AUX
cblr-10941	1029	9	willing	willing	ADJ
cblr-10941	1029	10	to	to	PART
cblr-10941	1029	11	ride	ride	VERB
cblr-10941	1029	12	their	their	PRON
cblr-10941	1029	13	robotaxis	robotaxis	NOUN
cblr-10941	1029	14	and	and	CCONJ
cblr-10941	1029	15	pay	pay	VERB
cblr-10941	1029	16	fares	fare	NOUN
cblr-10941	1029	17	that	that	PRON
cblr-10941	1029	18	exceed	exceed	VERB
cblr-10941	1029	19	the	the	DET
cblr-10941	1029	20	operating	operating	NOUN
cblr-10941	1029	21	costs	cost	NOUN
cblr-10941	1029	22	.	.	PUNCT
cblr-10941	1030	1	if	if	SCONJ
cblr-10941	1030	2	the	the	DET
cblr-10941	1030	3	carveouts	carveout	NOUN
cblr-10941	1030	4	decide	decide	VERB
cblr-10941	1030	5	they	they	PRON
cblr-10941	1030	6	must	must	AUX
cblr-10941	1030	7	exit	exit	VERB
cblr-10941	1030	8	before	before	SCONJ
cblr-10941	1030	9	they	they	PRON
cblr-10941	1030	10	have	have	AUX
cblr-10941	1030	11	developed	develop	VERB
cblr-10941	1030	12	a	a	DET
cblr-10941	1030	13	viable	viable	ADJ
cblr-10941	1030	14	robotaxi	robotaxi	NOUN
cblr-10941	1030	15	,	,	PUNCT
cblr-10941	1030	16	they	they	PRON
cblr-10941	1030	17	may	may	AUX
cblr-10941	1030	18	need	need	VERB
cblr-10941	1030	19	to	to	PART
cblr-10941	1030	20	switch	switch	VERB
cblr-10941	1030	21	to	to	ADP
cblr-10941	1030	22	a	a	DET
cblr-10941	1030	23	less	less	ADV
cblr-10941	1030	24	ambitious	ambitious	ADJ
cblr-10941	1030	25	business	business	NOUN
cblr-10941	1030	26	model	model	NOUN
cblr-10941	1030	27	.	.	PUNCT
cblr-10941	1031	1	to	to	ADP
cblr-10941	1031	2	date	date	NOUN
cblr-10941	1031	3	,	,	PUNCT
cblr-10941	1031	4	no	no	DET
cblr-10941	1031	5	company	company	NOUN
cblr-10941	1031	6	focused	focus	VERB
cblr-10941	1031	7	primarily	primarily	ADV
cblr-10941	1031	8	on	on	ADP
cblr-10941	1031	9	developing	develop	VERB
cblr-10941	1031	10	robotaxis	robotaxis	NOUN
cblr-10941	1031	11	has	have	AUX
cblr-10941	1031	12	gone	go	VERB
cblr-10941	1031	13	public	public	ADJ
cblr-10941	1031	14	,	,	PUNCT
cblr-10941	1031	15	though	though	SCONJ
cblr-10941	1031	16	argo	argo	PROPN
cblr-10941	1031	17	considered	consider	VERB
cblr-10941	1031	18	going	go	VERB
cblr-10941	1031	19	public	public	ADJ
cblr-10941	1031	20	before	before	SCONJ
cblr-10941	1031	21	it	it	PRON
cblr-10941	1031	22	shut	shut	VERB
cblr-10941	1031	23	down.316	down.316	VERB
cblr-10941	1031	24	in	in	ADP
cblr-10941	1031	25	2021	2021	NUM
cblr-10941	1031	26	,	,	PUNCT
cblr-10941	1031	27	three	three	NUM
cblr-10941	1031	28	startups	startup	NOUN
cblr-10941	1031	29	working	work	VERB
cblr-10941	1031	30	on	on	ADP
cblr-10941	1031	31	autonomous	autonomous	ADJ
cblr-10941	1031	32	trucking	trucking	NOUN
cblr-10941	1031	33	—	—	PUNCT
cblr-10941	1031	34	aurora,317	aurora,317	PROPN
cblr-10941	1031	35	embark,318	embark,318	PROPN
cblr-10941	1031	36	and	and	CCONJ
cblr-10941	1031	37	314	314	NUM
cblr-10941	1031	38	see	see	VERB
cblr-10941	1031	39	aran	aran	NOUN
cblr-10941	1031	40	,	,	PUNCT
cblr-10941	1031	41	supra	supra	PROPN
cblr-10941	1031	42	note	note	NOUN
cblr-10941	1031	43	105	105	NUM
cblr-10941	1031	44	,	,	PUNCT
cblr-10941	1031	45	at	at	ADP
cblr-10941	1031	46	1264	1264	NUM
cblr-10941	1031	47	.	.	PUNCT
cblr-10941	1032	1	315	315	NUM
cblr-10941	1032	2	see	see	VERB
cblr-10941	1032	3	ibrahim	ibrahim	PROPN
cblr-10941	1032	4	,	,	PUNCT
cblr-10941	1032	5	supra	supra	PROPN
cblr-10941	1032	6	note	note	PROPN
cblr-10941	1032	7	106	106	NUM
cblr-10941	1032	8	,	,	PUNCT
cblr-10941	1032	9	at	at	ADP
cblr-10941	1032	10	17	17	NUM
cblr-10941	1032	11	.	.	PUNCT
cblr-10941	1033	1	316	316	NUM
cblr-10941	1033	2	see	see	VERB
cblr-10941	1033	3	keith	keith	PROPN
cblr-10941	1033	4	naughton	naughton	PROPN
cblr-10941	1033	5	,	,	PUNCT
cblr-10941	1033	6	ford	ford	NOUN
cblr-10941	1033	7	-	-	PUNCT
cblr-10941	1033	8	backed	back	VERB
cblr-10941	1033	9	self	self	NOUN
cblr-10941	1033	10	-	-	PUNCT
cblr-10941	1033	11	driving	drive	VERB
cblr-10941	1033	12	startup	startup	NOUN
cblr-10941	1033	13	argo	argo	PROPN
cblr-10941	1033	14	ai	ai	AUX
cblr-10941	1033	15	mulling	mull	VERB
cblr-10941	1033	16	ipo	ipo	NOUN
cblr-10941	1033	17	this	this	DET
cblr-10941	1033	18	year	year	NOUN
cblr-10941	1033	19	,	,	PUNCT
cblr-10941	1033	20	bloomberg	bloomberg	PROPN
cblr-10941	1033	21	(	(	PUNCT
cblr-10941	1033	22	apr	apr	PROPN
cblr-10941	1033	23	.	.	PROPN
cblr-10941	1033	24	2	2	NUM
cblr-10941	1033	25	,	,	PUNCT
cblr-10941	1033	26	2021	2021	NUM
cblr-10941	1033	27	,	,	PUNCT
cblr-10941	1033	28	6:35	6:35	NUM
cblr-10941	1033	29	pm	pm	NOUN
cblr-10941	1033	30	)	)	PUNCT
cblr-10941	1033	31	,	,	PUNCT
cblr-10941	1033	32	https://www.bloomberg.com/news/articles/2021-04-02/ford-backed-selfdriving-startup-argo-ai-mulling-ipo-this-year	https://www.bloomberg.com/news/articles/2021-04-02/ford-backed-selfdriving-startup-argo-ai-mulling-ipo-this-year	ADJ
cblr-10941	1034	1	[	[	X
cblr-10941	1034	2	https://perma.cc/l3f9f33b	https://perma.cc/l3f9f33b	NUM
cblr-10941	1034	3	]	]	PUNCT
cblr-10941	1034	4	.	.	PUNCT
cblr-10941	1035	1	317	317	NUM
cblr-10941	1035	2	kimberly	kimberly	NOUN
cblr-10941	1035	3	chin	chin	NOUN
cblr-10941	1035	4	,	,	PUNCT
cblr-10941	1035	5	self	self	NOUN
cblr-10941	1035	6	-	-	PUNCT
cblr-10941	1035	7	driving	drive	VERB
cblr-10941	1035	8	startup	startup	NOUN
cblr-10941	1035	9	aurora	aurora	PROPN
cblr-10941	1035	10	to	to	PART
cblr-10941	1035	11	go	go	VERB
cblr-10941	1035	12	public	public	ADJ
cblr-10941	1035	13	through	through	ADP
cblr-10941	1035	14	spac	spac	PROPN
cblr-10941	1035	15	,	,	PUNCT
cblr-10941	1035	16	wall	wall	PROPN
cblr-10941	1035	17	st	st	PROPN
cblr-10941	1035	18	.	.	PROPN
cblr-10941	1035	19	j.	j.	PROPN
cblr-10941	1035	20	(	(	PUNCT
cblr-10941	1035	21	july	july	PROPN
cblr-10941	1035	22	15	15	NUM
cblr-10941	1035	23	,	,	PUNCT
cblr-10941	1035	24	2021	2021	NUM
cblr-10941	1035	25	,	,	PUNCT
cblr-10941	1035	26	1:53	1:53	NUM
cblr-10941	1035	27	pm	pm	NOUN
cblr-10941	1035	28	)	)	PUNCT
cblr-10941	1035	29	,	,	PUNCT
cblr-10941	1035	30	https://www.wsj.com/articles/self-driving-startup-aurora-to-go-publicthrough-spac-11626371629	https://www.wsj.com/articles/self-driving-startup-aurora-to-go-publicthrough-spac-11626371629	PUNCT
cblr-10941	1036	1	[	[	X
cblr-10941	1036	2	https://perma.cc/m3dn-nhrx	https://perma.cc/m3dn-nhrx	X
cblr-10941	1036	3	]	]	X
cblr-10941	1036	4	.	.	PUNCT
cblr-10941	1037	1	318	318	NUM
cblr-10941	1037	2	amrith	amrith	ADP
cblr-10941	1037	3	ramkumar	ramkumar	PROPN
cblr-10941	1037	4	,	,	PUNCT
cblr-10941	1037	5	self	self	NOUN
cblr-10941	1037	6	-	-	PUNCT
cblr-10941	1037	7	driving	drive	VERB
cblr-10941	1037	8	truck	truck	NOUN
cblr-10941	1037	9	startup	startup	NOUN
cblr-10941	1037	10	embark	embark	NOUN
cblr-10941	1037	11	to	to	PART
cblr-10941	1037	12	go	go	VERB
cblr-10941	1037	13	public	public	ADJ
cblr-10941	1037	14	in	in	ADP
cblr-10941	1037	15	$	$	SYM
cblr-10941	1037	16	5.2	5.2	NUM
cblr-10941	1037	17	billion	billion	NUM
cblr-10941	1037	18	spac	spac	NOUN
cblr-10941	1037	19	deal	deal	NOUN
cblr-10941	1037	20	,	,	PUNCT
cblr-10941	1037	21	wall	wall	PROPN
cblr-10941	1037	22	st	st	PROPN
cblr-10941	1037	23	.	.	PROPN
cblr-10941	1037	24	j.	j.	PROPN
cblr-10941	1038	1	(	(	PUNCT
cblr-10941	1038	2	june	june	PROPN
cblr-10941	1038	3	23	23	NUM
cblr-10941	1038	4	,	,	PUNCT
cblr-10941	1038	5	2021	2021	NUM
cblr-10941	1038	6	,	,	PUNCT
cblr-10941	1038	7	3:58	3:58	NUM
cblr-10941	1038	8	pm	pm	NOUN
cblr-10941	1038	9	)	)	PUNCT
cblr-10941	1038	10	,	,	PUNCT
cblr-10941	1038	11	924	924	NUM
cblr-10941	1038	12	columbia	columbia	PROPN
cblr-10941	1038	13	business	business	NOUN
cblr-10941	1038	14	law	law	PROPN
cblr-10941	1038	15	review	review	NOUN
cblr-10941	1039	1	[	[	X
cblr-10941	1039	2	vol	vol	NOUN
cblr-10941	1039	3	.	.	PUNCT
cblr-10941	1039	4	2022	2022	NUM
cblr-10941	1039	5	tusimple319	tusimple319	PROPN
cblr-10941	1039	6	—	—	PUNCT
cblr-10941	1039	7	went	go	VERB
cblr-10941	1039	8	public	public	ADJ
cblr-10941	1039	9	.	.	PUNCT
cblr-10941	1040	1	investors	investor	NOUN
cblr-10941	1040	2	appear	appear	VERB
cblr-10941	1040	3	to	to	PART
cblr-10941	1040	4	believe	believe	VERB
cblr-10941	1040	5	that	that	SCONJ
cblr-10941	1040	6	autonomous	autonomous	ADJ
cblr-10941	1040	7	trucking	trucking	NOUN
cblr-10941	1040	8	is	be	AUX
cblr-10941	1040	9	either	either	CCONJ
cblr-10941	1040	10	an	an	DET
cblr-10941	1040	11	easier	easy	ADJ
cblr-10941	1040	12	technological	technological	ADJ
cblr-10941	1040	13	problem	problem	NOUN
cblr-10941	1040	14	to	to	PART
cblr-10941	1040	15	solve	solve	VERB
cblr-10941	1040	16	or	or	CCONJ
cblr-10941	1040	17	a	a	DET
cblr-10941	1040	18	more	more	ADV
cblr-10941	1040	19	predictable	predictable	ADJ
cblr-10941	1040	20	market	market	NOUN
cblr-10941	1040	21	to	to	PART
cblr-10941	1040	22	serve	serve	VERB
cblr-10941	1040	23	.	.	PUNCT
cblr-10941	1041	1	the	the	DET
cblr-10941	1041	2	venture	venture	NOUN
cblr-10941	1041	3	carveouts	carveout	NOUN
cblr-10941	1041	4	could	could	AUX
cblr-10941	1041	5	reduce	reduce	VERB
cblr-10941	1041	6	liquidity	liquidity	NOUN
cblr-10941	1041	7	pressure	pressure	NOUN
cblr-10941	1041	8	by	by	ADP
cblr-10941	1041	9	allowing	allow	VERB
cblr-10941	1041	10	some	some	PRON
cblr-10941	1041	11	of	of	ADP
cblr-10941	1041	12	their	their	PRON
cblr-10941	1041	13	employees	employee	NOUN
cblr-10941	1041	14	or	or	CCONJ
cblr-10941	1041	15	outside	outside	ADP
cblr-10941	1041	16	investors	investor	NOUN
cblr-10941	1041	17	to	to	PART
cblr-10941	1041	18	sell	sell	VERB
cblr-10941	1041	19	their	their	PRON
cblr-10941	1041	20	stock	stock	NOUN
cblr-10941	1041	21	in	in	ADP
cblr-10941	1041	22	private	private	ADJ
cblr-10941	1041	23	secondary	secondary	ADJ
cblr-10941	1041	24	markets.320	markets.320	NOUN
cblr-10941	1041	25	in	in	ADP
cblr-10941	1041	26	2022	2022	NUM
cblr-10941	1041	27	,	,	PUNCT
cblr-10941	1041	28	cruise	cruise	PROPN
cblr-10941	1041	29	announced	announce	VERB
cblr-10941	1041	30	a	a	DET
cblr-10941	1041	31	liquidity	liquidity	NOUN
cblr-10941	1041	32	program	program	NOUN
cblr-10941	1041	33	that	that	PRON
cblr-10941	1041	34	would	would	AUX
cblr-10941	1041	35	allow	allow	VERB
cblr-10941	1041	36	its	its	PRON
cblr-10941	1041	37	employees	employee	NOUN
cblr-10941	1041	38	to	to	PART
cblr-10941	1041	39	sell	sell	VERB
cblr-10941	1041	40	their	their	PRON
cblr-10941	1041	41	vested	vested	ADJ
cblr-10941	1041	42	equity	equity	NOUN
cblr-10941	1041	43	to	to	ADP
cblr-10941	1041	44	gm	gm	PROPN
cblr-10941	1041	45	or	or	CCONJ
cblr-10941	1041	46	other	other	ADJ
cblr-10941	1041	47	investors	investor	NOUN
cblr-10941	1041	48	at	at	ADP
cblr-10941	1041	49	quarterly	quarterly	ADV
cblr-10941	1041	50	intervals.321	intervals.321	VERB
cblr-10941	1041	51	the	the	DET
cblr-10941	1041	52	downside	downside	NOUN
cblr-10941	1041	53	of	of	ADP
cblr-10941	1041	54	letting	let	VERB
cblr-10941	1041	55	rank	rank	NOUN
cblr-10941	1041	56	-	-	PUNCT
cblr-10941	1041	57	and	and	CCONJ
cblr-10941	1041	58	-	-	PUNCT
cblr-10941	1041	59	file	file	NOUN
cblr-10941	1041	60	employees	employee	NOUN
cblr-10941	1041	61	sell	sell	VERB
cblr-10941	1041	62	is	be	AUX
cblr-10941	1041	63	that	that	SCONJ
cblr-10941	1041	64	their	their	PRON
cblr-10941	1041	65	incentives	incentive	NOUN
cblr-10941	1041	66	to	to	PART
cblr-10941	1041	67	grow	grow	VERB
cblr-10941	1041	68	the	the	DET
cblr-10941	1041	69	business	business	NOUN
cblr-10941	1041	70	diminishes.322	diminishes.322	VERB
cblr-10941	1041	71	the	the	DET
cblr-10941	1041	72	downside	downside	NOUN
cblr-10941	1041	73	of	of	ADP
cblr-10941	1041	74	letting	let	VERB
cblr-10941	1041	75	outside	outside	ADJ
cblr-10941	1041	76	investors	investor	NOUN
cblr-10941	1041	77	sell	sell	VERB
cblr-10941	1041	78	is	be	AUX
cblr-10941	1041	79	that	that	SCONJ
cblr-10941	1041	80	other	other	ADJ
cblr-10941	1041	81	prospective	prospective	ADJ
cblr-10941	1041	82	investors	investor	NOUN
cblr-10941	1041	83	might	might	AUX
cblr-10941	1041	84	draw	draw	VERB
cblr-10941	1041	85	an	an	DET
cblr-10941	1041	86	adverse	adverse	ADJ
cblr-10941	1041	87	inference	inference	NOUN
cblr-10941	1041	88	from	from	ADP
cblr-10941	1041	89	the	the	DET
cblr-10941	1041	90	sellers	seller	NOUN
cblr-10941	1041	91	’	’	PART
cblr-10941	1041	92	decisions	decision	NOUN
cblr-10941	1041	93	,	,	PUNCT
cblr-10941	1041	94	even	even	ADV
cblr-10941	1041	95	if	if	SCONJ
cblr-10941	1041	96	it	it	PRON
cblr-10941	1041	97	was	be	AUX
cblr-10941	1041	98	motivated	motivate	VERB
cblr-10941	1041	99	purely	purely	ADV
cblr-10941	1041	100	by	by	ADP
cblr-10941	1041	101	liquidity	liquidity	NOUN
cblr-10941	1041	102	needs	need	NOUN
cblr-10941	1041	103	.	.	PUNCT
cblr-10941	1042	1	the	the	DET
cblr-10941	1042	2	carveouts	carveout	NOUN
cblr-10941	1042	3	will	will	AUX
cblr-10941	1042	4	need	need	VERB
cblr-10941	1042	5	to	to	PART
cblr-10941	1042	6	control	control	VERB
cblr-10941	1042	7	the	the	DET
cblr-10941	1042	8	secondary	secondary	ADJ
cblr-10941	1042	9	markets	market	NOUN
cblr-10941	1042	10	carefully	carefully	ADV
cblr-10941	1042	11	to	to	PART
cblr-10941	1042	12	maintain	maintain	VERB
cblr-10941	1042	13	a	a	DET
cblr-10941	1042	14	shareholder	shareholder	NOUN
cblr-10941	1042	15	base	base	NOUN
cblr-10941	1042	16	with	with	ADP
cblr-10941	1042	17	long	long	ADJ
cblr-10941	1042	18	time	time	NOUN
cblr-10941	1042	19	horizons	horizon	NOUN
cblr-10941	1042	20	.	.	PUNCT
cblr-10941	1043	1	the	the	DET
cblr-10941	1043	2	venture	venture	NOUN
cblr-10941	1043	3	carveouts	carveout	NOUN
cblr-10941	1043	4	must	must	AUX
cblr-10941	1043	5	also	also	ADV
cblr-10941	1043	6	manage	manage	VERB
cblr-10941	1043	7	their	their	PRON
cblr-10941	1043	8	parents	parent	NOUN
cblr-10941	1043	9	’	’	PART
cblr-10941	1043	10	competing	compete	VERB
cblr-10941	1043	11	interests	interest	NOUN
cblr-10941	1043	12	.	.	PUNCT
cblr-10941	1044	1	gm	gm	PROPN
cblr-10941	1044	2	and	and	CCONJ
cblr-10941	1044	3	honda	honda	PROPN
cblr-10941	1044	4	compete	compete	VERB
cblr-10941	1044	5	with	with	ADP
cblr-10941	1044	6	each	each	DET
cblr-10941	1044	7	other	other	ADJ
cblr-10941	1044	8	,	,	PUNCT
cblr-10941	1044	9	and	and	CCONJ
cblr-10941	1044	10	so	so	ADV
cblr-10941	1044	11	did	do	VERB
cblr-10941	1044	12	ford	ford	PROPN
cblr-10941	1044	13	and	and	CCONJ
cblr-10941	1044	14	volkswagen	volkswagen	PROPN
cblr-10941	1044	15	.	.	PUNCT
cblr-10941	1045	1	competitors	competitor	NOUN
cblr-10941	1045	2	sometimes	sometimes	ADV
cblr-10941	1045	3	form	form	VERB
cblr-10941	1045	4	jvs.323	jvs.323	PROPN
cblr-10941	1045	5	the	the	DET
cblr-10941	1045	6	co	co	NOUN
cblr-10941	1045	7	-	-	NOUN
cblr-10941	1045	8	venturers	venturer	NOUN
cblr-10941	1045	9	in	in	ADP
cblr-10941	1045	10	a	a	DET
cblr-10941	1045	11	jv	jv	NOUN
cblr-10941	1045	12	can	can	AUX
cblr-10941	1045	13	mitigate	mitigate	VERB
cblr-10941	1045	14	their	their	PRON
cblr-10941	1045	15	conflicting	conflict	VERB
cblr-10941	1045	16	interests	interest	NOUN
cblr-10941	1045	17	by	by	ADP
cblr-10941	1045	18	agreeing	agree	VERB
cblr-10941	1045	19	to	to	ADP
cblr-10941	1045	20	a	a	DET
cblr-10941	1045	21	contractual	contractual	ADJ
cblr-10941	1045	22	covenant	covenant	NOUN
cblr-10941	1045	23	not	not	PART
cblr-10941	1045	24	to	to	PART
cblr-10941	1045	25	compete.324	compete.324	VERB
cblr-10941	1045	26	but	but	CCONJ
cblr-10941	1045	27	these	these	DET
cblr-10941	1045	28	covenants	covenant	NOUN
cblr-10941	1045	29	are	be	AUX
cblr-10941	1045	30	tricky	tricky	ADJ
cblr-10941	1045	31	to	to	PART
cblr-10941	1045	32	craft	craft	VERB
cblr-10941	1045	33	because	because	SCONJ
cblr-10941	1045	34	https://www.wsj.com/articles/self-driving-truck-startup-embark-to-gopublic-in-5-2-billion-spac-deal-11624442400	https://www.wsj.com/articles/self-driving-truck-startup-embark-to-gopublic-in-5-2-billion-spac-deal-11624442400	PROPN
cblr-10941	1046	1	[	[	X
cblr-10941	1046	2	https://perma.cc/3ryb-qp57	https://perma.cc/3ryb-qp57	X
cblr-10941	1046	3	]	]	X
cblr-10941	1046	4	.	.	PUNCT
cblr-10941	1047	1	319	319	NUM
cblr-10941	1047	2	james	james	PROPN
cblr-10941	1047	3	thorne	thorne	PROPN
cblr-10941	1047	4	,	,	PUNCT
cblr-10941	1047	5	tusimple	tusimple	PROPN
cblr-10941	1047	6	raises	raise	VERB
cblr-10941	1047	7	$	$	SYM
cblr-10941	1047	8	1.3b+	1.3b+	PROPN
cblr-10941	1047	9	in	in	ADP
cblr-10941	1047	10	first	first	ADJ
cblr-10941	1047	11	autonomous	autonomous	ADJ
cblr-10941	1047	12	vehicle	vehicle	NOUN
cblr-10941	1047	13	ipo	ipo	PROPN
cblr-10941	1047	14	,	,	PUNCT
cblr-10941	1047	15	pitchbook	pitchbook	VERB
cblr-10941	1047	16	(	(	PUNCT
cblr-10941	1047	17	apr	apr	NOUN
cblr-10941	1047	18	.	.	PROPN
cblr-10941	1047	19	15	15	NUM
cblr-10941	1047	20	,	,	PUNCT
cblr-10941	1047	21	2021	2021	NUM
cblr-10941	1047	22	)	)	PUNCT
cblr-10941	1047	23	,	,	PUNCT
cblr-10941	1047	24	https://pitchbook.com/news/articles/tusimple-ipo-nasdaq-autonomousvehicle	https://pitchbook.com/news/articles/tusimple-ipo-nasdaq-autonomousvehicle	NOUN
cblr-10941	1048	1	[	[	X
cblr-10941	1048	2	https://perma.cc/65rd-esss	https://perma.cc/65rd-esss	X
cblr-10941	1048	3	]	]	X
cblr-10941	1048	4	.	.	PUNCT
cblr-10941	1048	5	320	320	NUM
cblr-10941	1048	6	see	see	VERB
cblr-10941	1048	7	ibrahim	ibrahim	PROPN
cblr-10941	1048	8	,	,	PUNCT
cblr-10941	1048	9	supra	supra	PROPN
cblr-10941	1048	10	note	note	PROPN
cblr-10941	1048	11	106	106	NUM
cblr-10941	1048	12	,	,	PUNCT
cblr-10941	1048	13	at	at	ADP
cblr-10941	1048	14	16–20	16–20	NUM
cblr-10941	1048	15	(	(	PUNCT
cblr-10941	1048	16	describing	describe	VERB
cblr-10941	1048	17	the	the	DET
cblr-10941	1048	18	private	private	ADJ
cblr-10941	1048	19	secondary	secondary	ADJ
cblr-10941	1048	20	markets	market	NOUN
cblr-10941	1048	21	)	)	PUNCT
cblr-10941	1048	22	.	.	PUNCT
cblr-10941	1049	1	321	321	NUM
cblr-10941	1049	2	kyle	kyle	PROPN
cblr-10941	1049	3	vogt	vogt	PROPN
cblr-10941	1049	4	,	,	PUNCT
cblr-10941	1049	5	a	a	DET
cblr-10941	1049	6	new	new	ADJ
cblr-10941	1049	7	kind	kind	NOUN
cblr-10941	1049	8	of	of	ADP
cblr-10941	1049	9	equity	equity	NOUN
cblr-10941	1049	10	program	program	NOUN
cblr-10941	1049	11	,	,	PUNCT
cblr-10941	1049	12	cruise	cruise	PROPN
cblr-10941	1049	13	(	(	PUNCT
cblr-10941	1049	14	mar	mar	PROPN
cblr-10941	1049	15	.	.	PROPN
cblr-10941	1049	16	18	18	NUM
cblr-10941	1049	17	,	,	PUNCT
cblr-10941	1049	18	2022	2022	NUM
cblr-10941	1049	19	)	)	PUNCT
cblr-10941	1049	20	,	,	PUNCT
cblr-10941	1049	21	https://getcruise.com/news/blog/2022/a-new-kind-of-equity-program/	https://getcruise.com/news/blog/2022/a-new-kind-of-equity-program/	PROPN
cblr-10941	1050	1	[	[	X
cblr-10941	1050	2	https://perma.cc/xd4j-6wwh	https://perma.cc/xd4j-6wwh	X
cblr-10941	1050	3	]	]	PUNCT
cblr-10941	1050	4	.	.	PUNCT
cblr-10941	1051	1	322	322	NUM
cblr-10941	1051	2	see	see	VERB
cblr-10941	1051	3	ibrahim	ibrahim	PROPN
cblr-10941	1051	4	,	,	PUNCT
cblr-10941	1051	5	supra	supra	PROPN
cblr-10941	1051	6	note	note	PROPN
cblr-10941	1051	7	106	106	NUM
cblr-10941	1051	8	,	,	PUNCT
cblr-10941	1051	9	at	at	ADP
cblr-10941	1051	10	30–31	30–31	NUM
cblr-10941	1051	11	(	(	PUNCT
cblr-10941	1051	12	explaining	explain	VERB
cblr-10941	1051	13	but	but	CCONJ
cblr-10941	1051	14	also	also	ADV
cblr-10941	1051	15	critiquing	critique	VERB
cblr-10941	1051	16	the	the	DET
cblr-10941	1051	17	view	view	NOUN
cblr-10941	1051	18	that	that	SCONJ
cblr-10941	1051	19	the	the	DET
cblr-10941	1051	20	opportunity	opportunity	NOUN
cblr-10941	1051	21	to	to	PART
cblr-10941	1051	22	cash	cash	VERB
cblr-10941	1051	23	out	out	ADP
cblr-10941	1051	24	on	on	ADP
cblr-10941	1051	25	the	the	DET
cblr-10941	1051	26	secondary	secondary	ADJ
cblr-10941	1051	27	market	market	NOUN
cblr-10941	1051	28	diminishes	diminish	VERB
cblr-10941	1051	29	strong	strong	ADJ
cblr-10941	1051	30	incentives	incentive	NOUN
cblr-10941	1051	31	)	)	PUNCT
cblr-10941	1051	32	.	.	PUNCT
cblr-10941	1052	1	323	323	NUM
cblr-10941	1052	2	see	see	VERB
cblr-10941	1052	3	sanga	sanga	PROPN
cblr-10941	1052	4	,	,	PUNCT
cblr-10941	1052	5	supra	supra	PROPN
cblr-10941	1052	6	note	note	NOUN
cblr-10941	1052	7	166	166	NUM
cblr-10941	1052	8	,	,	PUNCT
cblr-10941	1052	9	at	at	ADP
cblr-10941	1052	10	1453–54	1453–54	NUM
cblr-10941	1052	11	(	(	PUNCT
cblr-10941	1052	12	studying	study	VERB
cblr-10941	1052	13	a	a	DET
cblr-10941	1052	14	jv	jv	NOUN
cblr-10941	1052	15	between	between	ADP
cblr-10941	1052	16	competitors	competitor	NOUN
cblr-10941	1052	17	boeing	boeing	PROPN
cblr-10941	1052	18	and	and	CCONJ
cblr-10941	1052	19	lockheed	lockheed	PROPN
cblr-10941	1052	20	martin	martin	PROPN
cblr-10941	1052	21	)	)	PUNCT
cblr-10941	1052	22	.	.	PUNCT
cblr-10941	1053	1	324	324	NUM
cblr-10941	1053	2	see	see	VERB
cblr-10941	1053	3	i	i	PRON
cblr-10941	1053	4	d.	d.	PROPN
cblr-10941	1053	5	at	at	ADP
cblr-10941	1053	6	1454–55	1454–55	NUM
cblr-10941	1053	7	.	.	PUNCT
cblr-10941	1054	1	no	no	INTJ
cblr-10941	1054	2	.	.	PUNCT
cblr-10941	1055	1	2:859	2:859	NUM
cblr-10941	1055	2	]	]	X
cblr-10941	1055	3	moonshots	moonshot	NOUN
cblr-10941	1055	4	925	925	NUM
cblr-10941	1055	5	they	they	PRON
cblr-10941	1055	6	must	must	AUX
cblr-10941	1055	7	be	be	AUX
cblr-10941	1055	8	able	able	ADJ
cblr-10941	1055	9	to	to	PART
cblr-10941	1055	10	survive	survive	VERB
cblr-10941	1055	11	antitrust	antitrust	ADJ
cblr-10941	1055	12	scrutiny.325	scrutiny.325	PROPN
cblr-10941	1055	13	coventurers	coventurer	NOUN
cblr-10941	1055	14	typically	typically	ADV
cblr-10941	1055	15	solve	solve	VERB
cblr-10941	1055	16	this	this	DET
cblr-10941	1055	17	problem	problem	NOUN
cblr-10941	1055	18	by	by	ADP
cblr-10941	1055	19	defining	define	VERB
cblr-10941	1055	20	in	in	ADP
cblr-10941	1055	21	detail	detail	NOUN
cblr-10941	1055	22	the	the	DET
cblr-10941	1055	23	markets	market	NOUN
cblr-10941	1055	24	in	in	ADP
cblr-10941	1055	25	which	which	PRON
cblr-10941	1055	26	they	they	PRON
cblr-10941	1055	27	will	will	AUX
cblr-10941	1055	28	cooperate	cooperate	VERB
cblr-10941	1055	29	through	through	ADP
cblr-10941	1055	30	the	the	DET
cblr-10941	1055	31	jv	jv	NOUN
cblr-10941	1055	32	and	and	CCONJ
cblr-10941	1055	33	the	the	DET
cblr-10941	1055	34	markets	market	NOUN
cblr-10941	1055	35	in	in	ADP
cblr-10941	1055	36	which	which	PRON
cblr-10941	1055	37	they	they	PRON
cblr-10941	1055	38	will	will	AUX
cblr-10941	1055	39	compete.326	compete.326	NUM
cblr-10941	1055	40	in	in	ADP
cblr-10941	1055	41	some	some	DET
cblr-10941	1055	42	cases	case	NOUN
cblr-10941	1055	43	,	,	PUNCT
cblr-10941	1055	44	dividing	divide	VERB
cblr-10941	1055	45	the	the	DET
cblr-10941	1055	46	market	market	NOUN
cblr-10941	1055	47	is	be	AUX
cblr-10941	1055	48	easy	easy	ADJ
cblr-10941	1055	49	.	.	PUNCT
cblr-10941	1056	1	a	a	DET
cblr-10941	1056	2	pharmaceutical	pharmaceutical	ADJ
cblr-10941	1056	3	company	company	NOUN
cblr-10941	1056	4	does	do	AUX
cblr-10941	1056	5	n’t	not	PART
cblr-10941	1056	6	need	need	VERB
cblr-10941	1056	7	to	to	PART
cblr-10941	1056	8	worry	worry	VERB
cblr-10941	1056	9	about	about	ADP
cblr-10941	1056	10	its	its	PRON
cblr-10941	1056	11	drug	drug	NOUN
cblr-10941	1056	12	development	development	NOUN
cblr-10941	1056	13	jv	jv	NOUN
cblr-10941	1056	14	undermining	undermine	VERB
cblr-10941	1056	15	its	its	PRON
cblr-10941	1056	16	existing	exist	VERB
cblr-10941	1056	17	drugs	drug	NOUN
cblr-10941	1056	18	if	if	SCONJ
cblr-10941	1056	19	the	the	DET
cblr-10941	1056	20	new	new	ADJ
cblr-10941	1056	21	drug	drug	NOUN
cblr-10941	1056	22	is	be	AUX
cblr-10941	1056	23	marketed	market	VERB
cblr-10941	1056	24	to	to	ADP
cblr-10941	1056	25	an	an	DET
cblr-10941	1056	26	identifiable	identifiable	ADJ
cblr-10941	1056	27	patient	patient	ADJ
cblr-10941	1056	28	population	population	NOUN
cblr-10941	1056	29	that	that	SCONJ
cblr-10941	1056	30	the	the	DET
cblr-10941	1056	31	existing	exist	VERB
cblr-10941	1056	32	drugs	drug	NOUN
cblr-10941	1056	33	do	do	AUX
cblr-10941	1056	34	n’t	not	PART
cblr-10941	1056	35	serve	serve	VERB
cblr-10941	1056	36	.	.	PUNCT
cblr-10941	1057	1	the	the	DET
cblr-10941	1057	2	venture	venture	NOUN
cblr-10941	1057	3	carveouts	carveout	NOUN
cblr-10941	1057	4	developing	develop	VERB
cblr-10941	1057	5	avs	avs	PROPN
cblr-10941	1057	6	aim	aim	VERB
cblr-10941	1057	7	to	to	PART
cblr-10941	1057	8	serve	serve	VERB
cblr-10941	1057	9	a	a	DET
cblr-10941	1057	10	market	market	NOUN
cblr-10941	1057	11	that	that	PRON
cblr-10941	1057	12	might	might	AUX
cblr-10941	1057	13	overlap	overlap	VERB
cblr-10941	1057	14	with	with	ADP
cblr-10941	1057	15	either	either	ADV
cblr-10941	1057	16	,	,	PUNCT
cblr-10941	1057	17	or	or	CCONJ
cblr-10941	1057	18	both	both	PRON
cblr-10941	1057	19	,	,	PUNCT
cblr-10941	1057	20	of	of	ADP
cblr-10941	1057	21	the	the	DET
cblr-10941	1057	22	parents	parent	NOUN
cblr-10941	1057	23	’	’	PART
cblr-10941	1057	24	existing	exist	VERB
cblr-10941	1057	25	businesses	business	NOUN
cblr-10941	1057	26	.	.	PUNCT
cblr-10941	1058	1	the	the	DET
cblr-10941	1058	2	potential	potential	ADJ
cblr-10941	1058	3	conflicts	conflict	NOUN
cblr-10941	1058	4	of	of	ADP
cblr-10941	1058	5	interest	interest	NOUN
cblr-10941	1058	6	between	between	ADP
cblr-10941	1058	7	the	the	DET
cblr-10941	1058	8	carveouts	carveout	NOUN
cblr-10941	1058	9	’	'	PUNCT
cblr-10941	1058	10	parents	parent	NOUN
cblr-10941	1058	11	could	could	AUX
cblr-10941	1058	12	keep	keep	VERB
cblr-10941	1058	13	their	their	PRON
cblr-10941	1058	14	corporate	corporate	ADJ
cblr-10941	1058	15	lawyers	lawyer	NOUN
cblr-10941	1058	16	busy	busy	ADJ
cblr-10941	1058	17	.	.	PUNCT
cblr-10941	1059	1	even	even	ADV
cblr-10941	1059	2	if	if	SCONJ
cblr-10941	1059	3	a	a	DET
cblr-10941	1059	4	venture	venture	NOUN
cblr-10941	1059	5	carveout	carveout	NOUN
cblr-10941	1059	6	’s	’s	PART
cblr-10941	1059	7	parents	parent	NOUN
cblr-10941	1059	8	get	get	VERB
cblr-10941	1059	9	along	along	ADP
cblr-10941	1059	10	,	,	PUNCT
cblr-10941	1059	11	it	it	PRON
cblr-10941	1059	12	may	may	AUX
cblr-10941	1059	13	still	still	ADV
cblr-10941	1059	14	encounter	encounter	VERB
cblr-10941	1059	15	another	another	DET
cblr-10941	1059	16	kind	kind	NOUN
cblr-10941	1059	17	of	of	ADP
cblr-10941	1059	18	conflict	conflict	NOUN
cblr-10941	1059	19	of	of	ADP
cblr-10941	1059	20	interest	interest	NOUN
cblr-10941	1059	21	—	—	PUNCT
cblr-10941	1059	22	strategic	strategic	ADJ
cblr-10941	1059	23	disagreement	disagreement	NOUN
cblr-10941	1059	24	between	between	ADP
cblr-10941	1059	25	its	its	PRON
cblr-10941	1059	26	business	business	NOUN
cblr-10941	1059	27	and	and	CCONJ
cblr-10941	1059	28	its	its	PRON
cblr-10941	1059	29	parents	parent	NOUN
cblr-10941	1059	30	’	’	PART
cblr-10941	1059	31	other	other	ADJ
cblr-10941	1059	32	lines	line	NOUN
cblr-10941	1059	33	of	of	ADP
cblr-10941	1059	34	business	business	NOUN
cblr-10941	1059	35	.	.	PUNCT
cblr-10941	1060	1	the	the	DET
cblr-10941	1060	2	parents	parent	NOUN
cblr-10941	1060	3	may	may	AUX
cblr-10941	1060	4	be	be	AUX
cblr-10941	1060	5	tempted	tempt	VERB
cblr-10941	1060	6	to	to	PART
cblr-10941	1060	7	steer	steer	VERB
cblr-10941	1060	8	the	the	DET
cblr-10941	1060	9	carveout	carveout	NOUN
cblr-10941	1060	10	away	away	ADV
cblr-10941	1060	11	from	from	ADP
cblr-10941	1060	12	markets	market	NOUN
cblr-10941	1060	13	in	in	ADP
cblr-10941	1060	14	which	which	PRON
cblr-10941	1060	15	the	the	DET
cblr-10941	1060	16	parents	parent	NOUN
cblr-10941	1060	17	already	already	ADV
cblr-10941	1060	18	compete	compete	VERB
cblr-10941	1060	19	.	.	PUNCT
cblr-10941	1061	1	every	every	DET
cblr-10941	1061	2	passenger	passenger	NOUN
cblr-10941	1061	3	who	who	PRON
cblr-10941	1061	4	rides	ride	VERB
cblr-10941	1061	5	in	in	ADP
cblr-10941	1061	6	a	a	DET
cblr-10941	1061	7	cruise	cruise	NOUN
cblr-10941	1061	8	robotaxi	robotaxi	NOUN
cblr-10941	1061	9	has	have	VERB
cblr-10941	1061	10	less	less	ADJ
cblr-10941	1061	11	of	of	ADP
cblr-10941	1061	12	a	a	DET
cblr-10941	1061	13	need	need	NOUN
cblr-10941	1061	14	to	to	PART
cblr-10941	1061	15	buy	buy	VERB
cblr-10941	1061	16	a	a	DET
cblr-10941	1061	17	chevy	chevy	NOUN
cblr-10941	1061	18	malibu	malibu	NOUN
cblr-10941	1061	19	.	.	PUNCT
cblr-10941	1062	1	the	the	DET
cblr-10941	1062	2	parents	parent	NOUN
cblr-10941	1062	3	may	may	AUX
cblr-10941	1062	4	also	also	ADV
cblr-10941	1062	5	be	be	AUX
cblr-10941	1062	6	tempted	tempt	VERB
cblr-10941	1062	7	to	to	PART
cblr-10941	1062	8	divert	divert	VERB
cblr-10941	1062	9	the	the	DET
cblr-10941	1062	10	carveout	carveout	NOUN
cblr-10941	1062	11	’s	’s	PART
cblr-10941	1062	12	resources	resource	NOUN
cblr-10941	1062	13	back	back	ADV
cblr-10941	1062	14	to	to	ADP
cblr-10941	1062	15	their	their	PRON
cblr-10941	1062	16	existing	exist	VERB
cblr-10941	1062	17	lines	line	NOUN
cblr-10941	1062	18	of	of	ADP
cblr-10941	1062	19	business	business	NOUN
cblr-10941	1062	20	.	.	PUNCT
cblr-10941	1063	1	in	in	ADP
cblr-10941	1063	2	fact	fact	NOUN
cblr-10941	1063	3	,	,	PUNCT
cblr-10941	1063	4	gm	gm	PROPN
cblr-10941	1063	5	may	may	AUX
cblr-10941	1063	6	have	have	AUX
cblr-10941	1063	7	already	already	ADV
cblr-10941	1063	8	succumbed	succumb	VERB
cblr-10941	1063	9	to	to	ADP
cblr-10941	1063	10	that	that	DET
cblr-10941	1063	11	temptation	temptation	NOUN
cblr-10941	1063	12	.	.	PUNCT
cblr-10941	1064	1	in	in	ADP
cblr-10941	1064	2	december	december	PROPN
cblr-10941	1064	3	2021	2021	NUM
cblr-10941	1064	4	,	,	PUNCT
cblr-10941	1064	5	gm	gm	PROPN
cblr-10941	1064	6	ceo	ceo	PROPN
cblr-10941	1064	7	mary	mary	PROPN
cblr-10941	1064	8	barra	barra	PROPN
cblr-10941	1064	9	forced	force	VERB
cblr-10941	1064	10	out	out	ADP
cblr-10941	1064	11	cruise	cruise	PROPN
cblr-10941	1064	12	’s	’s	PART
cblr-10941	1064	13	ceo	ceo	PROPN
cblr-10941	1064	14	dan	dan	PROPN
cblr-10941	1064	15	ammann	ammann	PROPN
cblr-10941	1064	16	and	and	CCONJ
cblr-10941	1064	17	reinstalled	reinstall	VERB
cblr-10941	1064	18	kyle	kyle	PROPN
cblr-10941	1064	19	vogt	vogt	PROPN
cblr-10941	1064	20	,	,	PUNCT
cblr-10941	1064	21	cruise	cruise	PROPN
cblr-10941	1064	22	’s	’s	PART
cblr-10941	1064	23	founder	founder	NOUN
cblr-10941	1064	24	,	,	PUNCT
cblr-10941	1064	25	whom	whom	PRON
cblr-10941	1064	26	ammann	ammann	PROPN
cblr-10941	1064	27	had	have	VERB
cblr-10941	1064	28	earlier	early	ADJ
cblr-10941	1064	29	replaced.327	replaced.327	ADJ
cblr-10941	1064	30	bloomberg	bloomberg	PROPN
cblr-10941	1064	31	reported	report	VERB
cblr-10941	1064	32	that	that	SCONJ
cblr-10941	1064	33	barra	barra	NOUN
cblr-10941	1064	34	and	and	CCONJ
cblr-10941	1064	35	ammann	ammann	PROPN
cblr-10941	1064	36	had	have	AUX
cblr-10941	1064	37	disagreed	disagree	VERB
cblr-10941	1064	38	about	about	ADP
cblr-10941	1064	39	cruise	cruise	PROPN
cblr-10941	1064	40	’s	’s	PART
cblr-10941	1064	41	strategy.328	strategy.328	PROPN
cblr-10941	1064	42	barra	barra	PROPN
cblr-10941	1064	43	and	and	CCONJ
cblr-10941	1064	44	gm	gm	PROPN
cblr-10941	1064	45	’s	’s	PART
cblr-10941	1064	46	board	board	NOUN
cblr-10941	1064	47	“	"	PUNCT
cblr-10941	1064	48	were	be	AUX
cblr-10941	1064	49	pushing	push	VERB
cblr-10941	1064	50	a	a	DET
cblr-10941	1064	51	grand	grand	ADJ
cblr-10941	1064	52	vision	vision	NOUN
cblr-10941	1064	53	that	that	PRON
cblr-10941	1064	54	included	include	VERB
cblr-10941	1064	55	transferring	transfer	VERB
cblr-10941	1064	56	[	[	PUNCT
cblr-10941	1064	57	knowledge	knowledge	NOUN
cblr-10941	1064	58	from	from	ADP
cblr-10941	1064	59	cruise	cruise	NOUN
cblr-10941	1064	60	]	]	PUNCT
cblr-10941	1064	61	to	to	PART
cblr-10941	1064	62	create	create	VERB
cblr-10941	1064	63	luxury	luxury	NOUN
cblr-10941	1064	64	cadillacs	cadillac	NOUN
cblr-10941	1064	65	,	,	PUNCT
cblr-10941	1064	66	self	self	NOUN
cblr-10941	1064	67	-	-	PUNCT
cblr-10941	1064	68	driving	drive	VERB
cblr-10941	1064	69	cars	car	NOUN
cblr-10941	1064	70	sold	sell	VERB
cblr-10941	1064	71	at	at	ADP
cblr-10941	1064	72	retail	retail	ADJ
cblr-10941	1064	73	or	or	CCONJ
cblr-10941	1064	74	delivery	delivery	NOUN
cblr-10941	1064	75	vehicles	vehicle	NOUN
cblr-10941	1064	76	for	for	ADP
cblr-10941	1064	77	gm	gm	PROPN
cblr-10941	1064	78	’s	’s	PART
cblr-10941	1064	79	new	new	ADJ
cblr-10941	1064	80	electric	electric	PROPN
cblr-10941	1064	81	-	-	PUNCT
cblr-10941	1064	82	van	van	PROPN
cblr-10941	1064	83	325	325	NUM
cblr-10941	1064	84	see	see	VERB
cblr-10941	1064	85	i	i	PRON
cblr-10941	1064	86	d.	d.	PROPN
cblr-10941	1064	87	at	at	ADP
cblr-10941	1064	88	1458–59	1458–59	NUM
cblr-10941	1064	89	.	.	PUNCT
cblr-10941	1065	1	326	326	NUM
cblr-10941	1065	2	see	see	VERB
cblr-10941	1065	3	i	i	PRON
cblr-10941	1065	4	d.	d.	PROPN
cblr-10941	1065	5	at	at	ADP
cblr-10941	1065	6	1455	1455	NUM
cblr-10941	1065	7	(	(	PUNCT
cblr-10941	1065	8	describing	describe	VERB
cblr-10941	1065	9	how	how	SCONJ
cblr-10941	1065	10	boeing	boeing	PROPN
cblr-10941	1065	11	and	and	CCONJ
cblr-10941	1065	12	lockheed	lockheed	PROPN
cblr-10941	1065	13	divided	divide	VERB
cblr-10941	1065	14	the	the	DET
cblr-10941	1065	15	markets	market	NOUN
cblr-10941	1065	16	in	in	ADP
cblr-10941	1065	17	which	which	PRON
cblr-10941	1065	18	they	they	PRON
cblr-10941	1065	19	would	would	AUX
cblr-10941	1065	20	compete	compete	VERB
cblr-10941	1065	21	and	and	CCONJ
cblr-10941	1065	22	would	would	AUX
cblr-10941	1065	23	collaborate	collaborate	VERB
cblr-10941	1065	24	through	through	ADP
cblr-10941	1065	25	a	a	DET
cblr-10941	1065	26	jv	jv	NOUN
cblr-10941	1065	27	)	)	PUNCT
cblr-10941	1065	28	.	.	PUNCT
cblr-10941	1066	1	327	327	NUM
cblr-10941	1066	2	see	see	VERB
cblr-10941	1066	3	david	david	PROPN
cblr-10941	1066	4	welch	welch	PROPN
cblr-10941	1066	5	,	,	PUNCT
cblr-10941	1066	6	gm	gm	PROPN
cblr-10941	1066	7	’s	’s	PART
cblr-10941	1066	8	barra	barra	PROPN
cblr-10941	1066	9	dismissed	dismiss	VERB
cblr-10941	1066	10	cruise	cruise	PROPN
cblr-10941	1066	11	ceo	ceo	NOUN
cblr-10941	1066	12	ammann	ammann	PROPN
cblr-10941	1066	13	over	over	ADP
cblr-10941	1066	14	mission	mission	NOUN
cblr-10941	1066	15	,	,	PUNCT
cblr-10941	1066	16	ipo	ipo	PROPN
cblr-10941	1066	17	,	,	PUNCT
cblr-10941	1066	18	bloomberg	bloomberg	PROPN
cblr-10941	1066	19	(	(	PUNCT
cblr-10941	1066	20	dec	dec	PROPN
cblr-10941	1066	21	.	.	PROPN
cblr-10941	1066	22	20	20	NUM
cblr-10941	1066	23	,	,	PUNCT
cblr-10941	1066	24	2021	2021	NUM
cblr-10941	1066	25	,	,	PUNCT
cblr-10941	1066	26	9:45	9:45	NUM
cblr-10941	1066	27	am	am	NOUN
cblr-10941	1066	28	)	)	PUNCT
cblr-10941	1066	29	,	,	PUNCT
cblr-10941	1066	30	https://www.bloomberg.com/news/articles/2021-12-19/gm-s-barradismissed-cruise-ceo-ammann-over-mission-ipo-timing	https://www.bloomberg.com/news/articles/2021-12-19/gm-s-barradismissed-cruise-ceo-ammann-over-mission-ipo-time	VERB
cblr-10941	1067	1	[	[	X
cblr-10941	1067	2	https://perma.cc/4ke6-84	https://perma.cc/4ke6-84	NOUN
cblr-10941	1067	3	yd	yd	NOUN
cblr-10941	1067	4	]	]	PUNCT
cblr-10941	1067	5	.	.	PUNCT
cblr-10941	1068	1	328	328	NUM
cblr-10941	1068	2	see	see	VERB
cblr-10941	1068	3	i	i	PROPN
cblr-10941	1068	4	d.	d.	PROPN
cblr-10941	1068	5	926	926	NUM
cblr-10941	1068	6	columbia	columbia	PROPN
cblr-10941	1068	7	business	business	PROPN
cblr-10941	1068	8	law	law	PROPN
cblr-10941	1068	9	review	review	NOUN
cblr-10941	1068	10	[	[	X
cblr-10941	1068	11	vol	vol	NOUN
cblr-10941	1068	12	.	.	PUNCT
cblr-10941	1068	13	2022	2022	NUM
cblr-10941	1068	14	business	business	NOUN
cblr-10941	1068	15	.	.	PUNCT
cblr-10941	1069	1	”329	”329	PROPN
cblr-10941	1069	2	barra	barra	PROPN
cblr-10941	1069	3	also	also	ADV
cblr-10941	1069	4	wanted	want	VERB
cblr-10941	1069	5	cruise	cruise	NOUN
cblr-10941	1069	6	to	to	PART
cblr-10941	1069	7	“	"	PUNCT
cblr-10941	1069	8	enhance	enhance	VERB
cblr-10941	1069	9	gm	gm	PROPN
cblr-10941	1069	10	’s	’s	PART
cblr-10941	1069	11	own	own	ADJ
cblr-10941	1069	12	assisted	assist	VERB
cblr-10941	1069	13	-	-	PUNCT
cblr-10941	1069	14	driving	driving	NOUN
cblr-10941	1069	15	features	feature	NOUN
cblr-10941	1069	16	.	.	PUNCT
cblr-10941	1070	1	”330	”330	NOUN
cblr-10941	1070	2	ammann	ammann	PROPN
cblr-10941	1070	3	,	,	PUNCT
cblr-10941	1070	4	however	however	ADV
cblr-10941	1070	5	,	,	PUNCT
cblr-10941	1070	6	“	"	PUNCT
cblr-10941	1070	7	thought	think	VERB
cblr-10941	1070	8	cruise	cruise	NOUN
cblr-10941	1070	9	needed	need	VERB
cblr-10941	1070	10	to	to	PART
cblr-10941	1070	11	focus	focus	VERB
cblr-10941	1070	12	on	on	ADP
cblr-10941	1070	13	starting	start	VERB
cblr-10941	1070	14	its	its	PRON
cblr-10941	1070	15	taxi	taxi	NOUN
cblr-10941	1070	16	business	business	NOUN
cblr-10941	1070	17	before	before	ADP
cblr-10941	1070	18	spreading	spread	VERB
cblr-10941	1070	19	its	its	PRON
cblr-10941	1070	20	resources	resource	NOUN
cblr-10941	1070	21	”	"	PUNCT
cblr-10941	1070	22	and	and	CCONJ
cblr-10941	1070	23	wanted	want	VERB
cblr-10941	1070	24	to	to	PART
cblr-10941	1070	25	put	put	VERB
cblr-10941	1070	26	cruise	cruise	NOUN
cblr-10941	1070	27	on	on	ADP
cblr-10941	1070	28	a	a	DET
cblr-10941	1070	29	path	path	NOUN
cblr-10941	1070	30	to	to	ADP
cblr-10941	1070	31	ipo	ipo	PROPN
cblr-10941	1070	32	soon.331	soon.331	VERB
cblr-10941	1070	33	these	these	DET
cblr-10941	1070	34	competing	compete	VERB
cblr-10941	1070	35	strategic	strategic	ADJ
cblr-10941	1070	36	visions	vision	NOUN
cblr-10941	1070	37	proved	prove	VERB
cblr-10941	1070	38	irreconcilable	irreconcilable	ADJ
cblr-10941	1070	39	.	.	PUNCT
cblr-10941	1071	1	gm	gm	PROPN
cblr-10941	1071	2	’s	’s	PART
cblr-10941	1071	3	decision	decision	NOUN
cblr-10941	1071	4	to	to	PART
cblr-10941	1071	5	force	force	VERB
cblr-10941	1071	6	out	out	ADP
cblr-10941	1071	7	ammann	ammann	PROPN
cblr-10941	1071	8	illustrates	illustrate	VERB
cblr-10941	1071	9	how	how	SCONJ
cblr-10941	1071	10	the	the	DET
cblr-10941	1071	11	potential	potential	NOUN
cblr-10941	1071	12	for	for	ADP
cblr-10941	1071	13	conflict	conflict	NOUN
cblr-10941	1071	14	between	between	ADP
cblr-10941	1071	15	a	a	DET
cblr-10941	1071	16	venture	venture	NOUN
cblr-10941	1071	17	carveout	carveout	NOUN
cblr-10941	1071	18	and	and	CCONJ
cblr-10941	1071	19	its	its	PRON
cblr-10941	1071	20	parent	parent	NOUN
cblr-10941	1071	21	is	be	AUX
cblr-10941	1071	22	built	build	VERB
cblr-10941	1071	23	into	into	ADP
cblr-10941	1071	24	the	the	DET
cblr-10941	1071	25	carveout	carveout	NOUN
cblr-10941	1071	26	’s	’s	PART
cblr-10941	1071	27	structure	structure	NOUN
cblr-10941	1071	28	.	.	PUNCT
cblr-10941	1072	1	ammann	ammann	PROPN
cblr-10941	1072	2	was	be	AUX
cblr-10941	1072	3	fulfilling	fulfil	VERB
cblr-10941	1072	4	his	his	PRON
cblr-10941	1072	5	role	role	NOUN
cblr-10941	1072	6	as	as	ADP
cblr-10941	1072	7	a	a	DET
cblr-10941	1072	8	fiduciary	fiduciary	NOUN
cblr-10941	1072	9	of	of	ADP
cblr-10941	1072	10	cruise	cruise	NOUN
cblr-10941	1072	11	’s	’s	PART
cblr-10941	1072	12	shareholders	shareholder	NOUN
cblr-10941	1072	13	by	by	ADP
cblr-10941	1072	14	seeking	seek	VERB
cblr-10941	1072	15	to	to	PART
cblr-10941	1072	16	maximize	maximize	VERB
cblr-10941	1072	17	the	the	DET
cblr-10941	1072	18	value	value	NOUN
cblr-10941	1072	19	of	of	ADP
cblr-10941	1072	20	cruise	cruise	NOUN
cblr-10941	1072	21	as	as	ADP
cblr-10941	1072	22	an	an	DET
cblr-10941	1072	23	independent	independent	ADJ
cblr-10941	1072	24	entity	entity	NOUN
cblr-10941	1072	25	.	.	PUNCT
cblr-10941	1073	1	likewise	likewise	ADV
cblr-10941	1073	2	,	,	PUNCT
cblr-10941	1073	3	barra	barra	NOUN
cblr-10941	1073	4	was	be	AUX
cblr-10941	1073	5	fulfilling	fulfil	VERB
cblr-10941	1073	6	her	her	PRON
cblr-10941	1073	7	role	role	NOUN
cblr-10941	1073	8	as	as	ADP
cblr-10941	1073	9	a	a	DET
cblr-10941	1073	10	fiduciary	fiduciary	NOUN
cblr-10941	1073	11	of	of	ADP
cblr-10941	1073	12	gm	gm	PROPN
cblr-10941	1073	13	’s	’s	PART
cblr-10941	1073	14	shareholders	shareholder	NOUN
cblr-10941	1073	15	,	,	PUNCT
cblr-10941	1073	16	at	at	ADP
cblr-10941	1073	17	least	least	ADJ
cblr-10941	1073	18	as	as	SCONJ
cblr-10941	1073	19	she	she	PRON
cblr-10941	1073	20	saw	see	VERB
cblr-10941	1073	21	it	it	PRON
cblr-10941	1073	22	.	.	PUNCT
cblr-10941	1074	1	gm	gm	PROPN
cblr-10941	1074	2	’s	’s	PART
cblr-10941	1074	3	shareholders	shareholder	NOUN
cblr-10941	1074	4	stand	stand	VERB
cblr-10941	1074	5	to	to	PART
cblr-10941	1074	6	gain	gain	VERB
cblr-10941	1074	7	not	not	PART
cblr-10941	1074	8	only	only	ADV
cblr-10941	1074	9	from	from	ADP
cblr-10941	1074	10	growth	growth	NOUN
cblr-10941	1074	11	in	in	ADP
cblr-10941	1074	12	cruise	cruise	NOUN
cblr-10941	1074	13	,	,	PUNCT
cblr-10941	1074	14	but	but	CCONJ
cblr-10941	1074	15	also	also	ADV
cblr-10941	1074	16	growth	growth	NOUN
cblr-10941	1074	17	in	in	ADP
cblr-10941	1074	18	gm	gm	PROPN
cblr-10941	1074	19	’s	’s	PART
cblr-10941	1074	20	other	other	ADJ
cblr-10941	1074	21	lines	line	NOUN
cblr-10941	1074	22	of	of	ADP
cblr-10941	1074	23	business	business	NOUN
cblr-10941	1074	24	,	,	PUNCT
cblr-10941	1074	25	including	include	VERB
cblr-10941	1074	26	its	its	PRON
cblr-10941	1074	27	adas	adas	PROPN
cblr-10941	1074	28	-	-	PUNCT
cblr-10941	1074	29	equipped	equip	VERB
cblr-10941	1074	30	conventional	conventional	ADJ
cblr-10941	1074	31	vehicles	vehicle	NOUN
cblr-10941	1074	32	.	.	PUNCT
cblr-10941	1075	1	yet	yet	ADV
cblr-10941	1075	2	barra	barra	PROPN
cblr-10941	1075	3	may	may	AUX
cblr-10941	1075	4	have	have	AUX
cblr-10941	1075	5	inadvertently	inadvertently	ADV
cblr-10941	1075	6	destroyed	destroy	VERB
cblr-10941	1075	7	value	value	NOUN
cblr-10941	1075	8	for	for	ADP
cblr-10941	1075	9	gm	gm	PROPN
cblr-10941	1075	10	by	by	ADP
cblr-10941	1075	11	compromising	compromise	VERB
cblr-10941	1075	12	cruise	cruise	NOUN
cblr-10941	1075	13	’s	’s	PART
cblr-10941	1075	14	independence	independence	NOUN
cblr-10941	1075	15	.	.	PUNCT
cblr-10941	1076	1	gm	gm	PROPN
cblr-10941	1076	2	’s	’s	PART
cblr-10941	1076	3	stock	stock	NOUN
cblr-10941	1076	4	price	price	NOUN
cblr-10941	1076	5	fell	fall	VERB
cblr-10941	1076	6	significantly	significantly	ADV
cblr-10941	1076	7	when	when	SCONJ
cblr-10941	1076	8	news	news	NOUN
cblr-10941	1076	9	of	of	ADP
cblr-10941	1076	10	ammann	ammann	PROPN
cblr-10941	1076	11	’s	’s	PART
cblr-10941	1076	12	departure	departure	NOUN
cblr-10941	1076	13	broke.332	broke.332	NOUN
cblr-10941	1076	14	in	in	ADP
cblr-10941	1076	15	theory	theory	NOUN
cblr-10941	1076	16	,	,	PUNCT
cblr-10941	1076	17	a	a	DET
cblr-10941	1076	18	venture	venture	NOUN
cblr-10941	1076	19	carveout	carveout	NOUN
cblr-10941	1076	20	’s	’s	PART
cblr-10941	1076	21	outside	outside	ADJ
cblr-10941	1076	22	investors	investor	NOUN
cblr-10941	1076	23	could	could	AUX
cblr-10941	1076	24	help	help	VERB
cblr-10941	1076	25	to	to	PART
cblr-10941	1076	26	protect	protect	VERB
cblr-10941	1076	27	the	the	DET
cblr-10941	1076	28	carveout	carveout	NOUN
cblr-10941	1076	29	’s	’s	PART
cblr-10941	1076	30	independence	independence	NOUN
cblr-10941	1076	31	in	in	ADP
cblr-10941	1076	32	a	a	DET
cblr-10941	1076	33	dispute	dispute	NOUN
cblr-10941	1076	34	with	with	ADP
cblr-10941	1076	35	its	its	PRON
cblr-10941	1076	36	parent	parent	NOUN
cblr-10941	1076	37	.	.	PUNCT
cblr-10941	1077	1	but	but	CCONJ
cblr-10941	1077	2	that	that	PRON
cblr-10941	1077	3	’s	’	VERB
cblr-10941	1077	4	not	not	PART
cblr-10941	1077	5	what	what	PRON
cblr-10941	1077	6	happened	happen	VERB
cblr-10941	1077	7	at	at	ADP
cblr-10941	1077	8	cruise	cruise	NOUN
cblr-10941	1077	9	.	.	PUNCT
cblr-10941	1078	1	shortly	shortly	ADV
cblr-10941	1078	2	after	after	SCONJ
cblr-10941	1078	3	gm	gm	PROPN
cblr-10941	1078	4	forced	force	VERB
cblr-10941	1078	5	out	out	ADP
cblr-10941	1078	6	ammann	ammann	PROPN
cblr-10941	1078	7	,	,	PUNCT
cblr-10941	1078	8	cruise	cruise	PROPN
cblr-10941	1078	9	’s	’s	PART
cblr-10941	1078	10	largest	large	ADJ
cblr-10941	1078	11	outside	outside	ADJ
cblr-10941	1078	12	investor	investor	NOUN
cblr-10941	1078	13	,	,	PUNCT
cblr-10941	1078	14	softbank	softbank	PROPN
cblr-10941	1078	15	,	,	PUNCT
cblr-10941	1078	16	decided	decide	VERB
cblr-10941	1078	17	to	to	PART
cblr-10941	1078	18	quit	quit	VERB
cblr-10941	1078	19	.	.	PUNCT
cblr-10941	1079	1	in	in	ADP
cblr-10941	1079	2	the	the	DET
cblr-10941	1079	3	cruise	cruise	NOUN
cblr-10941	1079	4	agreement	agreement	NOUN
cblr-10941	1079	5	,	,	PUNCT
cblr-10941	1079	6	softbank	softbank	PROPN
cblr-10941	1079	7	had	have	AUX
cblr-10941	1079	8	committed	commit	VERB
cblr-10941	1079	9	to	to	PART
cblr-10941	1079	10	make	make	VERB
cblr-10941	1079	11	an	an	DET
cblr-10941	1079	12	additional	additional	ADJ
cblr-10941	1079	13	investment	investment	NOUN
cblr-10941	1079	14	once	once	SCONJ
cblr-10941	1079	15	cruise	cruise	PROPN
cblr-10941	1079	16	’s	’s	PART
cblr-10941	1079	17	managers	manager	NOUN
cblr-10941	1079	18	determined	determine	VERB
cblr-10941	1079	19	that	that	SCONJ
cblr-10941	1079	20	cruise	cruise	NOUN
cblr-10941	1079	21	“	"	PUNCT
cblr-10941	1079	22	was	be	AUX
cblr-10941	1079	23	reasonably	reasonably	ADV
cblr-10941	1079	24	likely	likely	ADJ
cblr-10941	1079	25	to	to	PART
cblr-10941	1079	26	be	be	AUX
cblr-10941	1079	27	ready	ready	ADJ
cblr-10941	1079	28	to	to	PART
cblr-10941	1079	29	commercially	commercially	ADV
cblr-10941	1079	30	deploy	deploy	VERB
cblr-10941	1079	31	vehicles	vehicle	NOUN
cblr-10941	1079	32	in	in	ADP
cblr-10941	1079	33	fully	fully	ADV
cblr-10941	1079	34	driverless	driverless	ADJ
cblr-10941	1079	35	operation	operation	NOUN
cblr-10941	1079	36	.	.	PUNCT
cblr-10941	1080	1	”333	”333	PUNCT
cblr-10941	1080	2	in	in	ADP
cblr-10941	1080	3	february	february	PROPN
cblr-10941	1080	4	2022	2022	NUM
cblr-10941	1080	5	,	,	PUNCT
cblr-10941	1080	6	cruise	cruise	PROPN
cblr-10941	1080	7	determined	determine	VERB
cblr-10941	1080	8	that	that	SCONJ
cblr-10941	1080	9	the	the	DET
cblr-10941	1080	10	clause	clause	NOUN
cblr-10941	1080	11	had	have	AUX
cblr-10941	1080	12	been	be	AUX
cblr-10941	1080	13	triggered.334	triggered.334	NOUN
cblr-10941	1080	14	but	but	CCONJ
cblr-10941	1080	15	softbank	softbank	NOUN
cblr-10941	1080	16	never	never	ADV
cblr-10941	1080	17	329	329	NUM
cblr-10941	1080	18	i	i	PRON
cblr-10941	1080	19	d.	d.	PROPN
cblr-10941	1080	20	330	330	NUM
cblr-10941	1080	21	i	i	PROPN
cblr-10941	1080	22	d.	d.	PROPN
cblr-10941	1081	1	331	331	NUM
cblr-10941	1082	1	i	i	PROPN
cblr-10941	1082	2	d.	d.	PROPN
cblr-10941	1082	3	332	332	NUM
cblr-10941	1082	4	see	see	VERB
cblr-10941	1082	5	i	i	PRON
cblr-10941	1082	6	d.	d.	PROPN
cblr-10941	1082	7	(	(	PUNCT
cblr-10941	1082	8	reporting	report	VERB
cblr-10941	1082	9	that	that	SCONJ
cblr-10941	1082	10	“	"	PUNCT
cblr-10941	1082	11	gm	gm	PROPN
cblr-10941	1082	12	’s	’s	PART
cblr-10941	1082	13	stock	stock	NOUN
cblr-10941	1082	14	price	price	NOUN
cblr-10941	1082	15	fell	fall	VERB
cblr-10941	1082	16	5.5	5.5	NUM
cblr-10941	1082	17	%	%	NOUN
cblr-10941	1082	18	on	on	ADP
cblr-10941	1082	19	dec	dec	PROPN
cblr-10941	1082	20	.	.	PROPN
cblr-10941	1082	21	17	17	NUM
cblr-10941	1082	22	,	,	PUNCT
cblr-10941	1082	23	more	more	ADJ
cblr-10941	1082	24	than	than	ADP
cblr-10941	1082	25	the	the	DET
cblr-10941	1082	26	day	day	NOUN
cblr-10941	1082	27	’s	’s	PART
cblr-10941	1082	28	drop	drop	NOUN
cblr-10941	1082	29	in	in	ADP
cblr-10941	1082	30	the	the	DET
cblr-10941	1082	31	broader	broad	ADJ
cblr-10941	1082	32	markets	market	NOUN
cblr-10941	1082	33	”	"	PUNCT
cblr-10941	1082	34	)	)	PUNCT
cblr-10941	1082	35	.	.	PUNCT
cblr-10941	1083	1	333	333	NUM
cblr-10941	1083	2	cruise	cruise	NOUN
cblr-10941	1083	3	agreement	agreement	NOUN
cblr-10941	1083	4	,	,	PUNCT
cblr-10941	1083	5	supra	supra	PROPN
cblr-10941	1083	6	note	note	NOUN
cblr-10941	1083	7	44	44	NUM
cblr-10941	1083	8	,	,	PUNCT
cblr-10941	1083	9	§	§	PROPN
cblr-10941	1083	10	2.02(b)(i	2.02(b)(i	NUM
cblr-10941	1083	11	)	)	PUNCT
cblr-10941	1083	12	.	.	PUNCT
cblr-10941	1084	1	334	334	NUM
cblr-10941	1084	2	in	in	ADP
cblr-10941	1084	3	november	november	PROPN
cblr-10941	1084	4	2021	2021	NUM
cblr-10941	1084	5	,	,	PUNCT
cblr-10941	1084	6	cruise	cruise	NOUN
cblr-10941	1084	7	started	start	VERB
cblr-10941	1084	8	testing	test	VERB
cblr-10941	1084	9	fully	fully	ADV
cblr-10941	1084	10	driverless	driverless	ADJ
cblr-10941	1084	11	avs	avs	NOUN
cblr-10941	1084	12	on	on	ADP
cblr-10941	1084	13	public	public	ADJ
cblr-10941	1084	14	roads	road	NOUN
cblr-10941	1084	15	in	in	ADP
cblr-10941	1084	16	san	san	PROPN
cblr-10941	1084	17	francisco	francisco	PROPN
cblr-10941	1084	18	during	during	ADP
cblr-10941	1084	19	low	low	ADJ
cblr-10941	1084	20	-	-	PUNCT
cblr-10941	1084	21	traffic	traffic	NOUN
cblr-10941	1084	22	nighttime	nighttime	NOUN
cblr-10941	1084	23	hours	hour	NOUN
cblr-10941	1084	24	.	.	PUNCT
cblr-10941	1085	1	see	see	VERB
cblr-10941	1085	2	rebecca	rebecca	NOUN
cblr-10941	1085	3	bellan	bellan	PROPN
cblr-10941	1085	4	,	,	PUNCT
cblr-10941	1085	5	cruise	cruise	NOUN
cblr-10941	1085	6	launches	launch	VERB
cblr-10941	1085	7	driverless	driverless	ADJ
cblr-10941	1085	8	robotaxi	robotaxi	NOUN
cblr-10941	1085	9	service	service	NOUN
cblr-10941	1085	10	in	in	ADP
cblr-10941	1085	11	san	san	PROPN
cblr-10941	1085	12	francisco	francisco	PROPN
cblr-10941	1085	13	,	,	PUNCT
cblr-10941	1085	14	techcrunch	techcrunch	PROPN
cblr-10941	1085	15	(	(	PUNCT
cblr-10941	1085	16	nov	nov	PROPN
cblr-10941	1085	17	.	.	PROPN
cblr-10941	1085	18	3	3	NUM
cblr-10941	1085	19	,	,	PUNCT
cblr-10941	1085	20	2021	2021	NUM
cblr-10941	1085	21	,	,	PUNCT
cblr-10941	1085	22	7:34	7:34	NUM
cblr-10941	1085	23	pm	pm	NOUN
cblr-10941	1085	24	)	)	PUNCT
cblr-10941	1085	25	,	,	PUNCT
cblr-10941	1085	26	no	no	INTJ
cblr-10941	1085	27	.	.	PUNCT
cblr-10941	1086	1	2:859	2:859	NUM
cblr-10941	1086	2	]	]	X
cblr-10941	1086	3	moonshots	moonshot	NOUN
cblr-10941	1086	4	927	927	NUM
cblr-10941	1086	5	made	make	VERB
cblr-10941	1086	6	the	the	DET
cblr-10941	1086	7	anticipated	anticipated	ADJ
cblr-10941	1086	8	investment	investment	NOUN
cblr-10941	1086	9	.	.	PUNCT
cblr-10941	1087	1	instead	instead	ADV
cblr-10941	1087	2	,	,	PUNCT
cblr-10941	1087	3	gm	gm	PROPN
cblr-10941	1087	4	paid	pay	VERB
cblr-10941	1087	5	$	$	SYM
cblr-10941	1087	6	2.1	2.1	NUM
cblr-10941	1087	7	billion	billion	NUM
cblr-10941	1087	8	to	to	PART
cblr-10941	1087	9	buy	buy	VERB
cblr-10941	1087	10	out	out	ADP
cblr-10941	1087	11	softbank	softbank	NOUN
cblr-10941	1087	12	’s	’s	PART
cblr-10941	1087	13	share	share	NOUN
cblr-10941	1087	14	of	of	ADP
cblr-10941	1087	15	cruise.335	cruise.335	PROPN
cblr-10941	1087	16	then	then	ADV
cblr-10941	1087	17	gm	gm	PROPN
cblr-10941	1087	18	invested	invest	VERB
cblr-10941	1087	19	an	an	DET
cblr-10941	1087	20	additional	additional	ADJ
cblr-10941	1087	21	$	$	SYM
cblr-10941	1087	22	1.35	1.35	NUM
cblr-10941	1087	23	billion	billion	NUM
cblr-10941	1087	24	of	of	ADP
cblr-10941	1087	25	its	its	PRON
cblr-10941	1087	26	own	own	ADJ
cblr-10941	1087	27	cash	cash	NOUN
cblr-10941	1087	28	into	into	ADP
cblr-10941	1087	29	cruise.336	cruise.336	PROPN
cblr-10941	1087	30	cruise	cruise	NOUN
cblr-10941	1087	31	may	may	AUX
cblr-10941	1087	32	have	have	AUX
cblr-10941	1087	33	lost	lose	VERB
cblr-10941	1087	34	more	more	ADJ
cblr-10941	1087	35	than	than	ADP
cblr-10941	1087	36	a	a	DET
cblr-10941	1087	37	checkbook	checkbook	NOUN
cblr-10941	1087	38	when	when	SCONJ
cblr-10941	1087	39	softbank	softbank	PROPN
cblr-10941	1087	40	quit	quit	VERB
cblr-10941	1087	41	.	.	PUNCT
cblr-10941	1088	1	gm	gm	PROPN
cblr-10941	1088	2	’s	’s	PART
cblr-10941	1088	3	shareholders	shareholder	NOUN
cblr-10941	1088	4	can	can	AUX
cblr-10941	1088	5	no	no	ADV
cblr-10941	1088	6	longer	long	ADV
cblr-10941	1088	7	count	count	VERB
cblr-10941	1088	8	on	on	ADP
cblr-10941	1088	9	softbank	softbank	NOUN
cblr-10941	1088	10	to	to	PART
cblr-10941	1088	11	monitor	monitor	VERB
cblr-10941	1088	12	cruise	cruise	NOUN
cblr-10941	1088	13	’s	’s	PART
cblr-10941	1088	14	progress	progress	NOUN
cblr-10941	1088	15	.	.	PUNCT
cblr-10941	1089	1	the	the	DET
cblr-10941	1089	2	risk	risk	NOUN
cblr-10941	1089	3	that	that	PRON
cblr-10941	1089	4	gm	gm	PROPN
cblr-10941	1089	5	’s	’s	PART
cblr-10941	1089	6	managers	manager	NOUN
cblr-10941	1089	7	turn	turn	VERB
cblr-10941	1089	8	cruise	cruise	NOUN
cblr-10941	1089	9	into	into	ADP
cblr-10941	1089	10	a	a	DET
cblr-10941	1089	11	gm	gm	PROPN
cblr-10941	1089	12	vanity	vanity	NOUN
cblr-10941	1089	13	project	project	NOUN
cblr-10941	1089	14	has	have	AUX
cblr-10941	1089	15	increased	increase	VERB
cblr-10941	1089	16	.	.	PUNCT
cblr-10941	1090	1	cruise	cruise	PROPN
cblr-10941	1090	2	’s	’s	PART
cblr-10941	1090	3	growth	growth	NOUN
cblr-10941	1090	4	may	may	AUX
cblr-10941	1090	5	depend	depend	VERB
cblr-10941	1090	6	on	on	ADP
cblr-10941	1090	7	how	how	SCONJ
cblr-10941	1090	8	much	much	ADJ
cblr-10941	1090	9	vogt	vogt	NOUN
cblr-10941	1090	10	,	,	PUNCT
cblr-10941	1090	11	its	its	AUX
cblr-10941	1090	12	once	once	ADV
cblr-10941	1090	13	and	and	CCONJ
cblr-10941	1090	14	returning	return	VERB
cblr-10941	1090	15	ceo	ceo	NOUN
cblr-10941	1090	16	,	,	PUNCT
cblr-10941	1090	17	and	and	CCONJ
cblr-10941	1090	18	honda	honda	NOUN
cblr-10941	1090	19	,	,	PUNCT
cblr-10941	1090	20	its	its	PRON
cblr-10941	1090	21	other	other	ADJ
cblr-10941	1090	22	development	development	NOUN
cblr-10941	1090	23	partner	partner	NOUN
cblr-10941	1090	24	,	,	PUNCT
cblr-10941	1090	25	are	be	AUX
cblr-10941	1090	26	willing	willing	ADJ
cblr-10941	1090	27	to	to	PART
cblr-10941	1090	28	assert	assert	VERB
cblr-10941	1090	29	cruise	cruise	PROPN
cblr-10941	1090	30	’s	’s	PART
cblr-10941	1090	31	independence	independence	NOUN
cblr-10941	1090	32	.	.	PUNCT
cblr-10941	1091	1	by	by	ADP
cblr-10941	1091	2	contrast	contrast	NOUN
cblr-10941	1091	3	,	,	PUNCT
cblr-10941	1091	4	recent	recent	ADJ
cblr-10941	1091	5	developments	development	NOUN
cblr-10941	1091	6	at	at	ADP
cblr-10941	1091	7	waymo	waymo	ADJ
cblr-10941	1091	8	show	show	VERB
cblr-10941	1091	9	how	how	SCONJ
cblr-10941	1091	10	outside	outside	ADJ
cblr-10941	1091	11	private	private	ADJ
cblr-10941	1091	12	investors	investor	NOUN
cblr-10941	1091	13	can	can	AUX
cblr-10941	1091	14	play	play	VERB
cblr-10941	1091	15	a	a	DET
cblr-10941	1091	16	constructive	constructive	ADJ
cblr-10941	1091	17	role	role	NOUN
cblr-10941	1091	18	.	.	PUNCT
cblr-10941	1092	1	according	accord	VERB
cblr-10941	1092	2	to	to	ADP
cblr-10941	1092	3	public	public	ADJ
cblr-10941	1092	4	reporting	reporting	NOUN
cblr-10941	1092	5	in	in	ADP
cblr-10941	1092	6	the	the	DET
cblr-10941	1092	7	summer	summer	NOUN
cblr-10941	1092	8	of	of	ADP
cblr-10941	1092	9	2021	2021	NUM
cblr-10941	1092	10	,	,	PUNCT
cblr-10941	1092	11	waymo	waymo	NOUN
cblr-10941	1092	12	decided	decide	VERB
cblr-10941	1092	13	to	to	PART
cblr-10941	1092	14	expand	expand	VERB
cblr-10941	1092	15	its	its	PRON
cblr-10941	1092	16	testing	testing	NOUN
cblr-10941	1092	17	from	from	ADP
cblr-10941	1092	18	the	the	DET
cblr-10941	1092	19	phoenix	phoenix	PROPN
cblr-10941	1092	20	suburbs	suburb	NOUN
cblr-10941	1092	21	to	to	ADP
cblr-10941	1092	22	san	san	PROPN
cblr-10941	1092	23	francisco	francisco	PROPN
cblr-10941	1092	24	on	on	ADP
cblr-10941	1092	25	the	the	DET
cblr-10941	1092	26	advice	advice	NOUN
cblr-10941	1092	27	of	of	ADP
cblr-10941	1092	28	its	its	PRON
cblr-10941	1092	29	outside	outside	ADJ
cblr-10941	1092	30	investors.337	investors.337	NOUN
cblr-10941	1092	31	according	accord	VERB
cblr-10941	1092	32	to	to	ADP
cblr-10941	1092	33	anonymous	anonymous	ADJ
cblr-10941	1092	34	sources	source	NOUN
cblr-10941	1092	35	,	,	PUNCT
cblr-10941	1092	36	the	the	DET
cblr-10941	1092	37	investors	investor	NOUN
cblr-10941	1092	38	wanted	want	VERB
cblr-10941	1092	39	waymo	waymo	NOUN
cblr-10941	1092	40	to	to	PART
cblr-10941	1092	41	enter	enter	VERB
cblr-10941	1092	42	https://techcrunch.com/2021/11/03/cruise-launches-driverless-robotaxiservice-for-employees-in-san-francisco/	https://techcrunch.com/2021/11/03/cruise-launches-driverless-robotaxiservice-for-employees-in-san-francisco/	NOUN
cblr-10941	1092	43	[	[	X
cblr-10941	1092	44	https://perma.cc/xek7-uqbv	https://perma.cc/xek7-uqbv	X
cblr-10941	1092	45	]	]	PUNCT
cblr-10941	1092	46	.	.	PUNCT
cblr-10941	1093	1	then	then	ADV
cblr-10941	1093	2	,	,	PUNCT
cblr-10941	1093	3	in	in	ADP
cblr-10941	1093	4	february	february	PROPN
cblr-10941	1093	5	2022	2022	NUM
cblr-10941	1093	6	,	,	PUNCT
cblr-10941	1093	7	cruise	cruise	NOUN
cblr-10941	1093	8	obtained	obtain	VERB
cblr-10941	1093	9	permission	permission	NOUN
cblr-10941	1093	10	from	from	ADP
cblr-10941	1093	11	california	california	PROPN
cblr-10941	1093	12	regulators	regulator	NOUN
cblr-10941	1093	13	to	to	PART
cblr-10941	1093	14	charge	charge	VERB
cblr-10941	1093	15	fares	fare	NOUN
cblr-10941	1093	16	for	for	ADP
cblr-10941	1093	17	robotaxi	robotaxi	NOUN
cblr-10941	1093	18	rides	ride	NOUN
cblr-10941	1093	19	,	,	PUNCT
cblr-10941	1093	20	as	as	ADV
cblr-10941	1093	21	long	long	ADV
cblr-10941	1093	22	as	as	SCONJ
cblr-10941	1093	23	a	a	DET
cblr-10941	1093	24	safety	safety	NOUN
cblr-10941	1093	25	driver	driver	NOUN
cblr-10941	1093	26	was	be	AUX
cblr-10941	1093	27	behind	behind	ADP
cblr-10941	1093	28	the	the	DET
cblr-10941	1093	29	wheel	wheel	NOUN
cblr-10941	1093	30	.	.	PUNCT
cblr-10941	1094	1	see	see	VERB
cblr-10941	1094	2	press	press	NOUN
cblr-10941	1094	3	release	release	NOUN
cblr-10941	1094	4	,	,	PUNCT
cblr-10941	1094	5	cal	cal	X
cblr-10941	1094	6	.	.	PUNCT
cblr-10941	1095	1	pub	pub	NOUN
cblr-10941	1095	2	.	.	PUNCT
cblr-10941	1096	1	util	util	PROPN
cblr-10941	1096	2	.	.	PUNCT
cblr-10941	1097	1	comm’n	comm’n	NOUN
cblr-10941	1097	2	,	,	PUNCT
cblr-10941	1097	3	cpuc	cpuc	VERB
cblr-10941	1097	4	issues	issue	NOUN
cblr-10941	1097	5	first	first	ADJ
cblr-10941	1097	6	autonomous	autonomous	ADJ
cblr-10941	1097	7	vehicle	vehicle	NOUN
cblr-10941	1097	8	drivered	drivered	ADJ
cblr-10941	1097	9	deployment	deployment	NOUN
cblr-10941	1097	10	permits	permit	NOUN
cblr-10941	1097	11	(	(	PUNCT
cblr-10941	1097	12	feb	feb	PROPN
cblr-10941	1097	13	.	.	PROPN
cblr-10941	1097	14	28	28	NUM
cblr-10941	1097	15	,	,	PUNCT
cblr-10941	1097	16	2022	2022	NUM
cblr-10941	1097	17	)	)	PUNCT
cblr-10941	1097	18	,	,	PUNCT
cblr-10941	1097	19	https://docs.cpuc.ca.gov/publisheddocs/published/g000/m455/k694/455694	https://docs.cpuc.ca.gov/publisheddocs/published/g000/m455/k694/455694	PROPN
cblr-10941	1097	20	131.pdf	131.pdf	NUM
cblr-10941	1098	1	[	[	X
cblr-10941	1098	2	https://perma.cc/42ex-3cs7	https://perma.cc/42ex-3cs7	NOUN
cblr-10941	1098	3	]	]	PUNCT
cblr-10941	1098	4	.	.	PUNCT
cblr-10941	1099	1	cruise	cruise	PROPN
cblr-10941	1099	2	also	also	ADV
cblr-10941	1099	3	cruise	cruise	PROPN
cblr-10941	1099	4	also	also	ADV
cblr-10941	1099	5	opened	open	VERB
cblr-10941	1099	6	a	a	DET
cblr-10941	1099	7	“	"	PUNCT
cblr-10941	1099	8	public	public	ADJ
cblr-10941	1099	9	waitlist	waitlist	NOUN
cblr-10941	1099	10	”	"	PUNCT
cblr-10941	1099	11	for	for	ADP
cblr-10941	1099	12	free	free	ADJ
cblr-10941	1099	13	fully	fully	ADV
cblr-10941	1099	14	driverless	driverless	ADJ
cblr-10941	1099	15	rides	ride	NOUN
cblr-10941	1099	16	.	.	PUNCT
cblr-10941	1100	1	see	see	VERB
cblr-10941	1100	2	andrew	andrew	PROPN
cblr-10941	1100	3	j.	j.	PROPN
cblr-10941	1100	4	hawkins	hawkins	PROPN
cblr-10941	1100	5	,	,	PUNCT
cblr-10941	1100	6	cruise	cruise	NOUN
cblr-10941	1100	7	launches	launch	VERB
cblr-10941	1100	8	public	public	ADJ
cblr-10941	1100	9	waitlist	waitlist	NOUN
cblr-10941	1100	10	for	for	ADP
cblr-10941	1100	11	its	its	PRON
cblr-10941	1100	12	robotaxis	robotaxis	NOUN
cblr-10941	1100	13	in	in	ADP
cblr-10941	1100	14	san	san	PROPN
cblr-10941	1100	15	francisco	francisco	PROPN
cblr-10941	1100	16	,	,	PUNCT
cblr-10941	1100	17	verge	verge	NOUN
cblr-10941	1100	18	(	(	PUNCT
cblr-10941	1100	19	feb	feb	PROPN
cblr-10941	1100	20	.	.	PROPN
cblr-10941	1100	21	1	1	NUM
cblr-10941	1100	22	,	,	PUNCT
cblr-10941	1100	23	2022	2022	NUM
cblr-10941	1100	24	,	,	PUNCT
cblr-10941	1100	25	12:00	12:00	NUM
cblr-10941	1100	26	pm	pm	NOUN
cblr-10941	1100	27	)	)	PUNCT
cblr-10941	1100	28	,	,	PUNCT
cblr-10941	1101	1	https://www.theverge.com/2022/2/1/22912553/cruise-public-waitlistrobotaxi-autonomous-san-francisco	https://www.theverge.com/2022/2/1/22912553/cruise-public-waitlistrobotaxi-autonomous-san-francisco	PROPN
cblr-10941	1102	1	[	[	X
cblr-10941	1102	2	https://perma.cc/b698-7t8c	https://perma.cc/b698-7t8c	X
cblr-10941	1102	3	]	]	PUNCT
cblr-10941	1102	4	.	.	PUNCT
cblr-10941	1103	1	the	the	DET
cblr-10941	1103	2	combination	combination	NOUN
cblr-10941	1103	3	of	of	ADP
cblr-10941	1103	4	these	these	DET
cblr-10941	1103	5	events	event	NOUN
cblr-10941	1103	6	led	lead	VERB
cblr-10941	1103	7	cruise	cruise	NOUN
cblr-10941	1103	8	’s	’s	PART
cblr-10941	1103	9	managers	manager	NOUN
cblr-10941	1103	10	to	to	PART
cblr-10941	1103	11	determine	determine	VERB
cblr-10941	1103	12	that	that	SCONJ
cblr-10941	1103	13	commercial	commercial	ADJ
cblr-10941	1103	14	deployment	deployment	NOUN
cblr-10941	1103	15	was	be	AUX
cblr-10941	1103	16	reasonably	reasonably	ADV
cblr-10941	1103	17	likely	likely	ADJ
cblr-10941	1103	18	.	.	PUNCT
cblr-10941	1104	1	see	see	VERB
cblr-10941	1104	2	cruise	cruise	NOUN
cblr-10941	1104	3	agreement	agreement	NOUN
cblr-10941	1104	4	,	,	PUNCT
cblr-10941	1104	5	supra	supra	PROPN
cblr-10941	1104	6	note	note	NOUN
cblr-10941	1104	7	44	44	NUM
cblr-10941	1104	8	,	,	PUNCT
cblr-10941	1104	9	§	§	PROPN
cblr-10941	1104	10	2.02(b)(i	2.02(b)(i	NUM
cblr-10941	1104	11	)	)	PUNCT
cblr-10941	1104	12	.	.	PUNCT
cblr-10941	1105	1	335	335	NUM
cblr-10941	1106	1	michael	michael	PROPN
cblr-10941	1106	2	wayland	wayland	PROPN
cblr-10941	1106	3	et	et	PROPN
cblr-10941	1106	4	al	al	PROPN
cblr-10941	1106	5	.	.	PROPN
cblr-10941	1106	6	,	,	PUNCT
cblr-10941	1106	7	gm	gm	PROPN
cblr-10941	1106	8	to	to	PART
cblr-10941	1106	9	buy	buy	VERB
cblr-10941	1106	10	softbank	softbank	PROPN
cblr-10941	1106	11	’s	’s	PART
cblr-10941	1106	12	stake	stake	NOUN
cblr-10941	1106	13	in	in	ADP
cblr-10941	1106	14	cruise	cruise	NOUN
cblr-10941	1106	15	selfdriving	selfdriving	NOUN
cblr-10941	1106	16	unit	unit	NOUN
cblr-10941	1106	17	for	for	ADP
cblr-10941	1106	18	$	$	SYM
cblr-10941	1106	19	2.1	2.1	NUM
cblr-10941	1106	20	billion	billion	NUM
cblr-10941	1106	21	,	,	PUNCT
cblr-10941	1106	22	cnbc	cnbc	PROPN
cblr-10941	1106	23	(	(	PUNCT
cblr-10941	1106	24	mar	mar	PROPN
cblr-10941	1106	25	.	.	PROPN
cblr-10941	1106	26	18	18	NUM
cblr-10941	1106	27	,	,	PUNCT
cblr-10941	1106	28	2022	2022	NUM
cblr-10941	1106	29	,	,	PUNCT
cblr-10941	1106	30	6:07	6:07	NUM
cblr-10941	1106	31	pm	pm	NOUN
cblr-10941	1106	32	)	)	PUNCT
cblr-10941	1106	33	,	,	PUNCT
cblr-10941	1106	34	https://www.cnbc.com/2022/03/18/gm-to-buy-softbanks-stake-in-cruise-selfdriving-unit.html	https://www.cnbc.com/2022/03/18/gm-to-buy-softbanks-stake-in-cruise-selfdriving-unit.html	PROPN
cblr-10941	1107	1	[	[	X
cblr-10941	1107	2	https://perma.cc/4q3u-46uv	https://perma.cc/4q3u-46uv	X
cblr-10941	1107	3	]	]	X
cblr-10941	1107	4	.	.	PUNCT
cblr-10941	1108	1	336	336	NUM
cblr-10941	1109	1	i	i	PRON
cblr-10941	1109	2	d.	d.	PROPN
cblr-10941	1109	3	337	337	NUM
cblr-10941	1109	4	see	see	VERB
cblr-10941	1109	5	sarah	sarah	PROPN
cblr-10941	1109	6	krouse	krouse	PROPN
cblr-10941	1109	7	,	,	PUNCT
cblr-10941	1109	8	investors	investor	NOUN
cblr-10941	1109	9	pressured	pressure	VERB
cblr-10941	1109	10	waymo	waymo	ADJ
cblr-10941	1109	11	to	to	PART
cblr-10941	1109	12	focus	focus	VERB
cblr-10941	1109	13	on	on	ADP
cblr-10941	1109	14	business	business	NOUN
cblr-10941	1109	15	sooner	soon	ADV
cblr-10941	1109	16	,	,	PUNCT
cblr-10941	1109	17	the	the	DET
cblr-10941	1109	18	information	information	NOUN
cblr-10941	1109	19	(	(	PUNCT
cblr-10941	1109	20	june	june	PROPN
cblr-10941	1109	21	30	30	NUM
cblr-10941	1109	22	,	,	PUNCT
cblr-10941	1109	23	2021	2021	NUM
cblr-10941	1109	24	,	,	PUNCT
cblr-10941	1109	25	6:00	6:00	NUM
cblr-10941	1109	26	am	am	NOUN
cblr-10941	1109	27	)	)	PUNCT
cblr-10941	1109	28	,	,	PUNCT
cblr-10941	1109	29	https://www.theinformation.com/articles/investors-pressured-waymo-tofocus-on-business-sooner	https://www.theinformation.com/articles/investors-pressured-waymo-tofocus-on-business-sooner	NOUN
cblr-10941	1109	30	(	(	PUNCT
cblr-10941	1109	31	on	on	ADP
cblr-10941	1109	32	file	file	NOUN
cblr-10941	1109	33	with	with	ADP
cblr-10941	1109	34	the	the	DET
cblr-10941	1109	35	columbia	columbia	PROPN
cblr-10941	1109	36	business	business	PROPN
cblr-10941	1109	37	law	law	PROPN
cblr-10941	1109	38	review	review	PROPN
cblr-10941	1109	39	)	)	PUNCT
cblr-10941	1109	40	.	.	PUNCT
cblr-10941	1110	1	928	928	NUM
cblr-10941	1110	2	columbia	columbia	PROPN
cblr-10941	1110	3	business	business	NOUN
cblr-10941	1110	4	law	law	PROPN
cblr-10941	1110	5	review	review	NOUN
cblr-10941	1110	6	[	[	X
cblr-10941	1110	7	vol	vol	NOUN
cblr-10941	1110	8	.	.	PUNCT
cblr-10941	1110	9	2022	2022	NUM
cblr-10941	1110	10	a	a	DET
cblr-10941	1110	11	city	city	NOUN
cblr-10941	1110	12	where	where	SCONJ
cblr-10941	1110	13	it	it	PRON
cblr-10941	1110	14	“	"	PUNCT
cblr-10941	1110	15	might	might	AUX
cblr-10941	1110	16	actually	actually	ADV
cblr-10941	1110	17	be	be	AUX
cblr-10941	1110	18	able	able	ADJ
cblr-10941	1110	19	to	to	PART
cblr-10941	1110	20	build	build	VERB
cblr-10941	1110	21	a	a	DET
cblr-10941	1110	22	real	real	ADJ
cblr-10941	1110	23	business	business	NOUN
cblr-10941	1110	24	someday	someday	ADV
cblr-10941	1110	25	.	.	PUNCT
cblr-10941	1110	26	”338	”338	PROPN
cblr-10941	1110	27	so	so	ADV
cblr-10941	1110	28	far	far	ADV
cblr-10941	1110	29	,	,	PUNCT
cblr-10941	1110	30	the	the	DET
cblr-10941	1110	31	expansion	expansion	NOUN
cblr-10941	1110	32	looks	look	VERB
cblr-10941	1110	33	promising	promise	VERB
cblr-10941	1110	34	.	.	PUNCT
cblr-10941	1111	1	in	in	ADP
cblr-10941	1111	2	2022	2022	NUM
cblr-10941	1111	3	,	,	PUNCT
cblr-10941	1111	4	waymo	waymo	NOUN
cblr-10941	1111	5	started	start	VERB
cblr-10941	1111	6	offering	offer	VERB
cblr-10941	1111	7	fully	fully	ADV
cblr-10941	1111	8	driverless	driverless	ADJ
cblr-10941	1111	9	rides	ride	NOUN
cblr-10941	1111	10	in	in	ADP
cblr-10941	1111	11	san	san	PROPN
cblr-10941	1111	12	francisco.339	francisco.339	PROPN
cblr-10941	1111	13	waymo	waymo	NOUN
cblr-10941	1111	14	’s	’s	PART
cblr-10941	1111	15	investors	investor	NOUN
cblr-10941	1111	16	’	'	PUNCT
cblr-10941	1111	17	intervention	intervention	NOUN
cblr-10941	1111	18	shows	show	VERB
cblr-10941	1111	19	how	how	SCONJ
cblr-10941	1111	20	outside	outside	ADJ
cblr-10941	1111	21	investors	investor	NOUN
cblr-10941	1111	22	in	in	ADP
cblr-10941	1111	23	a	a	DET
cblr-10941	1111	24	venture	venture	NOUN
cblr-10941	1111	25	carveout	carveout	NOUN
cblr-10941	1111	26	can	can	AUX
cblr-10941	1111	27	contribute	contribute	VERB
cblr-10941	1111	28	independent	independent	ADJ
cblr-10941	1111	29	strategic	strategic	ADJ
cblr-10941	1111	30	advice	advice	NOUN
cblr-10941	1111	31	.	.	PUNCT
cblr-10941	1112	1	waymo	waymo	NOUN
cblr-10941	1112	2	’s	’s	PART
cblr-10941	1112	3	willingness	willingness	NOUN
cblr-10941	1112	4	to	to	PART
cblr-10941	1112	5	heed	heed	VERB
cblr-10941	1112	6	their	their	PRON
cblr-10941	1112	7	advice	advice	NOUN
cblr-10941	1112	8	suggests	suggest	VERB
cblr-10941	1112	9	that	that	SCONJ
cblr-10941	1112	10	waymo	waymo	NOUN
cblr-10941	1112	11	is	be	AUX
cblr-10941	1112	12	not	not	PART
cblr-10941	1112	13	wholly	wholly	ADV
cblr-10941	1112	14	beholden	beholden	ADJ
cblr-10941	1112	15	to	to	ADP
cblr-10941	1112	16	alphabet	alphabet	PROPN
cblr-10941	1112	17	.	.	PUNCT
cblr-10941	1113	1	a	a	DET
cblr-10941	1113	2	venture	venture	NOUN
cblr-10941	1113	3	carveout	carveout	NOUN
cblr-10941	1113	4	’s	’s	PART
cblr-10941	1113	5	autonomy	autonomy	NOUN
cblr-10941	1113	6	may	may	AUX
cblr-10941	1113	7	prove	prove	VERB
cblr-10941	1113	8	critical	critical	ADJ
cblr-10941	1113	9	to	to	ADP
cblr-10941	1113	10	its	its	PRON
cblr-10941	1113	11	success	success	NOUN
cblr-10941	1113	12	.	.	PUNCT
cblr-10941	1114	1	v.	v.	ADP
cblr-10941	1114	2	a	a	DET
cblr-10941	1114	3	new	new	ADJ
cblr-10941	1114	4	model	model	NOUN
cblr-10941	1114	5	for	for	ADP
cblr-10941	1114	6	innovation	innovation	NOUN
cblr-10941	1114	7	the	the	DET
cblr-10941	1114	8	first	first	ADJ
cblr-10941	1114	9	venture	venture	NOUN
cblr-10941	1114	10	carveouts	carveout	NOUN
cblr-10941	1114	11	were	be	AUX
cblr-10941	1114	12	formed	form	VERB
cblr-10941	1114	13	by	by	ADP
cblr-10941	1114	14	particular	particular	ADJ
cblr-10941	1114	15	companies	company	NOUN
cblr-10941	1114	16	(	(	PUNCT
cblr-10941	1114	17	the	the	DET
cblr-10941	1114	18	automakers	automaker	NOUN
cblr-10941	1114	19	and	and	CCONJ
cblr-10941	1114	20	alphabet	alphabet	NOUN
cblr-10941	1114	21	)	)	PUNCT
cblr-10941	1114	22	to	to	PART
cblr-10941	1114	23	incubate	incubate	VERB
cblr-10941	1114	24	a	a	DET
cblr-10941	1114	25	particular	particular	ADJ
cblr-10941	1114	26	technology	technology	NOUN
cblr-10941	1114	27	(	(	PUNCT
cblr-10941	1114	28	avs	avs	PROPN
cblr-10941	1114	29	)	)	PUNCT
cblr-10941	1114	30	at	at	ADP
cblr-10941	1114	31	a	a	DET
cblr-10941	1114	32	particular	particular	ADJ
cblr-10941	1114	33	time	time	NOUN
cblr-10941	1114	34	(	(	PUNCT
cblr-10941	1114	35	the	the	DET
cblr-10941	1114	36	late	late	ADJ
cblr-10941	1114	37	2010s	2010s	NUM
cblr-10941	1114	38	)	)	PUNCT
cblr-10941	1114	39	.	.	PUNCT
cblr-10941	1115	1	could	could	AUX
cblr-10941	1115	2	other	other	ADJ
cblr-10941	1115	3	companies	company	NOUN
cblr-10941	1115	4	use	use	VERB
cblr-10941	1115	5	this	this	DET
cblr-10941	1115	6	same	same	ADJ
cblr-10941	1115	7	structure	structure	NOUN
cblr-10941	1115	8	to	to	PART
cblr-10941	1115	9	develop	develop	VERB
cblr-10941	1115	10	other	other	ADJ
cblr-10941	1115	11	technologies	technology	NOUN
cblr-10941	1115	12	in	in	ADP
cblr-10941	1115	13	the	the	DET
cblr-10941	1115	14	future	future	NOUN
cblr-10941	1115	15	?	?	PUNCT
cblr-10941	1116	1	history	history	NOUN
cblr-10941	1116	2	suggests	suggest	VERB
cblr-10941	1116	3	that	that	SCONJ
cblr-10941	1116	4	the	the	DET
cblr-10941	1116	5	key	key	ADJ
cblr-10941	1116	6	ingredients	ingredient	NOUN
cblr-10941	1116	7	for	for	ADP
cblr-10941	1116	8	success	success	NOUN
cblr-10941	1116	9	are	be	AUX
cblr-10941	1116	10	(	(	PUNCT
cblr-10941	1116	11	1	1	X
cblr-10941	1116	12	)	)	PUNCT
cblr-10941	1116	13	parent	parent	NOUN
cblr-10941	1116	14	companies	company	NOUN
cblr-10941	1116	15	that	that	PRON
cblr-10941	1116	16	are	be	AUX
cblr-10941	1116	17	large	large	ADJ
cblr-10941	1116	18	but	but	CCONJ
cblr-10941	1116	19	not	not	PART
cblr-10941	1116	20	giant	giant	ADJ
cblr-10941	1116	21	,	,	PUNCT
cblr-10941	1116	22	(	(	PUNCT
cblr-10941	1116	23	2	2	X
cblr-10941	1116	24	)	)	PUNCT
cblr-10941	1116	25	emerging	emerge	VERB
cblr-10941	1116	26	technologies	technology	NOUN
cblr-10941	1116	27	with	with	ADP
cblr-10941	1116	28	the	the	DET
cblr-10941	1116	29	potential	potential	NOUN
cblr-10941	1116	30	to	to	PART
cblr-10941	1116	31	disrupt	disrupt	VERB
cblr-10941	1116	32	an	an	DET
cblr-10941	1116	33	established	establish	VERB
cblr-10941	1116	34	industry	industry	NOUN
cblr-10941	1116	35	,	,	PUNCT
cblr-10941	1116	36	and	and	CCONJ
cblr-10941	1116	37	(	(	PUNCT
cblr-10941	1116	38	3	3	X
cblr-10941	1116	39	)	)	PUNCT
cblr-10941	1116	40	the	the	DET
cblr-10941	1116	41	availability	availability	NOUN
cblr-10941	1116	42	of	of	ADP
cblr-10941	1116	43	capital	capital	NOUN
cblr-10941	1116	44	from	from	ADP
cblr-10941	1116	45	private	private	ADJ
cblr-10941	1116	46	investors	investor	NOUN
cblr-10941	1116	47	.	.	PUNCT
cblr-10941	1117	1	a.	a.	NOUN
cblr-10941	1117	2	which	which	PRON
cblr-10941	1117	3	companies	company	NOUN
cblr-10941	1117	4	?	?	PUNCT
cblr-10941	1118	1	the	the	DET
cblr-10941	1118	2	structures	structure	NOUN
cblr-10941	1118	3	of	of	ADP
cblr-10941	1118	4	the	the	DET
cblr-10941	1118	5	major	major	ADJ
cblr-10941	1118	6	companies	company	NOUN
cblr-10941	1118	7	developing	develop	VERB
cblr-10941	1118	8	avs	avs	NOUN
cblr-10941	1118	9	reveal	reveal	VERB
cblr-10941	1118	10	an	an	DET
cblr-10941	1118	11	interesting	interesting	ADJ
cblr-10941	1118	12	pattern	pattern	NOUN
cblr-10941	1118	13	.	.	PUNCT
cblr-10941	1119	1	the	the	DET
cblr-10941	1119	2	auto	auto	NOUN
cblr-10941	1119	3	companies	company	NOUN
cblr-10941	1119	4	,	,	PUNCT
cblr-10941	1119	5	except	except	SCONJ
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cblr-10941	1119	8	,	,	PUNCT
cblr-10941	1119	9	have	have	AUX
cblr-10941	1119	10	all	all	PRON
cblr-10941	1119	11	invested	invest	VERB
cblr-10941	1119	12	in	in	ADP
cblr-10941	1119	13	venture	venture	NOUN
cblr-10941	1119	14	carveouts.340	carveouts.340	NOUN
cblr-10941	1119	15	the	the	DET
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cblr-10941	1119	17	companies	company	NOUN
cblr-10941	1119	18	,	,	PUNCT
cblr-10941	1119	19	except	except	SCONJ
cblr-10941	1119	20	for	for	ADP
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cblr-10941	1119	22	,	,	PUNCT
cblr-10941	1119	23	have	have	AUX
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cblr-10941	1119	25	their	their	PRON
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cblr-10941	1119	28	integrated.341	integrated.341	VERB
cblr-10941	1119	29	the	the	DET
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cblr-10941	1119	31	in	in	ADP
cblr-10941	1119	32	structure	structure	NOUN
cblr-10941	1119	33	largely	largely	ADV
cblr-10941	1119	34	track	track	VERB
cblr-10941	1119	35	differences	difference	NOUN
cblr-10941	1119	36	in	in	ADP
cblr-10941	1119	37	market	market	NOUN
cblr-10941	1119	38	capitalization	capitalization	NOUN
cblr-10941	1119	39	.	.	PUNCT
cblr-10941	1120	1	the	the	DET
cblr-10941	1120	2	tech	tech	NOUN
cblr-10941	1120	3	companies	company	NOUN
cblr-10941	1120	4	are	be	AUX
cblr-10941	1120	5	valued	value	VERB
cblr-10941	1120	6	in	in	ADP
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cblr-10941	1120	9	,	,	PUNCT
cblr-10941	1120	10	and	and	CCONJ
cblr-10941	1120	11	the	the	DET
cblr-10941	1120	12	auto	auto	NOUN
cblr-10941	1120	13	companies	company	NOUN
cblr-10941	1120	14	are	be	AUX
cblr-10941	1120	15	all	all	PRON
cblr-10941	1120	16	valued	value	VERB
cblr-10941	1120	17	in	in	ADP
cblr-10941	1120	18	the	the	DET
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cblr-10941	1120	20	or	or	CCONJ
cblr-10941	1120	21	hundreds	hundred	NOUN
cblr-10941	1120	22	of	of	ADP
cblr-10941	1120	23	billions	billion	NOUN
cblr-10941	1120	24	.	.	PUNCT
cblr-10941	1121	1	the	the	DET
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cblr-10941	1121	3	below	below	ADV
cblr-10941	1121	4	shows	show	VERB
cblr-10941	1121	5	the	the	DET
cblr-10941	1121	6	relationship	relationship	NOUN
cblr-10941	1121	7	between	between	ADP
cblr-10941	1121	8	market	market	NOUN
cblr-10941	1121	9	cap	cap	NOUN
cblr-10941	1121	10	and	and	CCONJ
cblr-10941	1121	11	structure	structure	NOUN
cblr-10941	1121	12	:	:	PUNCT
cblr-10941	1121	13	338	338	NUM
cblr-10941	1121	14	i	i	NOUN
cblr-10941	1121	15	d.	d.	PROPN
cblr-10941	1121	16	339	339	NUM
cblr-10941	1122	1	the	the	DET
cblr-10941	1122	2	waymo	waymo	ADJ
cblr-10941	1122	3	team	team	NOUN
cblr-10941	1122	4	,	,	PUNCT
cblr-10941	1122	5	taking	take	VERB
cblr-10941	1122	6	our	our	PRON
cblr-10941	1122	7	next	next	ADJ
cblr-10941	1122	8	step	step	NOUN
cblr-10941	1122	9	in	in	ADP
cblr-10941	1122	10	the	the	DET
cblr-10941	1122	11	city	city	NOUN
cblr-10941	1122	12	by	by	ADP
cblr-10941	1122	13	the	the	DET
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cblr-10941	1122	15	,	,	PUNCT
cblr-10941	1122	16	waymo	waymo	NOUN
cblr-10941	1122	17	:	:	PUNCT
cblr-10941	1122	18	waypoint	waypoint	NOUN
cblr-10941	1122	19	(	(	PUNCT
cblr-10941	1122	20	mar	mar	PROPN
cblr-10941	1122	21	.	.	PROPN
cblr-10941	1122	22	30	30	NUM
cblr-10941	1122	23	,	,	PUNCT
cblr-10941	1122	24	2022	2022	NUM
cblr-10941	1122	25	)	)	PUNCT
cblr-10941	1122	26	,	,	PUNCT
cblr-10941	1122	27	https://blog.waymo.com/2022/03/takingour-next-step-in-city-by-bay.html	https://blog.waymo.com/2022/03/takingour-next-step-in-city-by-bay.html	VERB
cblr-10941	1123	1	[	[	X
cblr-10941	1123	2	https://perma.cc/a6cm-wb7s	https://perma.cc/a6cm-wb7s	PROPN
cblr-10941	1123	3	]	]	X
cblr-10941	1123	4	.	.	PUNCT
cblr-10941	1124	1	340	340	NUM
cblr-10941	1124	2	see	see	VERB
cblr-10941	1124	3	supra	supra	PROPN
cblr-10941	1124	4	section	section	NOUN
cblr-10941	1124	5	iv.a	iv.a	NOUN
cblr-10941	1124	6	and	and	CCONJ
cblr-10941	1124	7	accompanying	accompanying	ADJ
cblr-10941	1124	8	notes	note	NOUN
cblr-10941	1124	9	.	.	PUNCT
cblr-10941	1125	1	341	341	NUM
cblr-10941	1125	2	see	see	NOUN
cblr-10941	1125	3	supra	supra	PROPN
cblr-10941	1125	4	section	section	NOUN
cblr-10941	1125	5	iv.a	iv.a	NOUN
cblr-10941	1125	6	and	and	CCONJ
cblr-10941	1125	7	accompanying	accompanying	ADJ
cblr-10941	1125	8	notes	note	NOUN
cblr-10941	1125	9	.	.	PUNCT
cblr-10941	1126	1	no	no	INTJ
cblr-10941	1126	2	.	.	PUNCT
cblr-10941	1127	1	2:859	2:859	NUM
cblr-10941	1127	2	]	]	X
cblr-10941	1127	3	moonshots	moonshot	NOUN
cblr-10941	1127	4	929	929	NUM
cblr-10941	1127	5	parent	parent	NOUN
cblr-10941	1127	6	companies	company	NOUN
cblr-10941	1127	7	of	of	ADP
cblr-10941	1127	8	av	av	PROPN
cblr-10941	1127	9	units	unit	NOUN
cblr-10941	1127	10	in	in	ADP
cblr-10941	1127	11	the	the	DET
cblr-10941	1127	12	u.s	u.s	PROPN
cblr-10941	1127	13	.	.	PROPN
cblr-10941	1127	14	by	by	ADP
cblr-10941	1127	15	market	market	NOUN
cblr-10941	1127	16	capitalization342	capitalization342	PROPN
cblr-10941	1127	17	parent	parent	NOUN
cblr-10941	1127	18	market	market	NOUN
cblr-10941	1127	19	cap	cap	NOUN
cblr-10941	1127	20	(	(	PUNCT
cblr-10941	1127	21	$	$	SYM
cblr-10941	1127	22	b	b	NOUN
cblr-10941	1127	23	)	)	PUNCT
cblr-10941	1127	24	av	av	PROPN
cblr-10941	1127	25	unit	unit	NOUN
cblr-10941	1127	26	structure	structure	NOUN
cblr-10941	1127	27	apple	apple	PROPN
cblr-10941	1127	28	$	$	SYM
cblr-10941	1127	29	2,446	2,446	NUM
cblr-10941	1127	30	(	(	PUNCT
cblr-10941	1127	31	apple	apple	NOUN
cblr-10941	1127	32	)	)	PUNCT
cblr-10941	1127	33	integrated	integrate	VERB
cblr-10941	1127	34	alphabet	alphabet	NOUN
cblr-10941	1127	35	$	$	SYM
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cblr-10941	1127	37	waymo	waymo	ADJ
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cblr-10941	1127	39	carveout	carveout	NOUN
cblr-10941	1127	40	amazon	amazon	NOUN
cblr-10941	1127	41	$	$	SYM
cblr-10941	1127	42	1,054	1,054	NUM
cblr-10941	1127	43	zoox	zoox	NOUN
cblr-10941	1127	44	integrated	integrate	VERB
cblr-10941	1127	45	toyota	toyota	PROPN
cblr-10941	1127	46	$	$	SYM
cblr-10941	1127	47	197.4	197.4	NUM
cblr-10941	1127	48	woven	weave	VERB
cblr-10941	1127	49	planet	planet	NOUN
cblr-10941	1127	50	integrated	integrate	VERB
cblr-10941	1127	51	volkswagen	volkswagen	NOUN
cblr-10941	1127	52	$	$	SYM
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cblr-10941	1127	54	argo	argo	NOUN
cblr-10941	1127	55	(	(	PUNCT
cblr-10941	1127	56	closed	closed	ADJ
cblr-10941	1127	57	)	)	PUNCT
cblr-10941	1127	58	venture	venture	NOUN
cblr-10941	1127	59	carveout	carveout	NOUN
cblr-10941	1127	60	ford	ford	VERB
cblr-10941	1127	61	$	$	SYM
cblr-10941	1127	62	53.19	53.19	NUM
cblr-10941	1127	63	cruise	cruise	NOUN
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cblr-10941	1127	65	carveout	carveout	NOUN
cblr-10941	1127	66	gm	gm	PROPN
cblr-10941	1127	67	$	$	SYM
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cblr-10941	1127	70	(	(	PUNCT
cblr-10941	1127	71	closed	closed	ADJ
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cblr-10941	1127	73	venture	venture	NOUN
cblr-10941	1127	74	carveout	carveout	NOUN
cblr-10941	1127	75	honda	honda	NOUN
cblr-10941	1127	76	$	$	SYM
cblr-10941	1127	77	41.61	41.61	NUM
cblr-10941	1127	78	cruise	cruise	NOUN
cblr-10941	1127	79	venture	venture	NOUN
cblr-10941	1127	80	carveout	carveout	NOUN
cblr-10941	1127	81	hyundai	hyundai	PROPN
cblr-10941	1127	82	$	$	SYM
cblr-10941	1127	83	32.09	32.09	NUM
cblr-10941	1127	84	motional	motional	ADJ
cblr-10941	1127	85	venture	venture	NOUN
cblr-10941	1127	86	carveout	carveout	NOUN
cblr-10941	1127	87	aptiv	aptiv	VERB
cblr-10941	1127	88	$	$	SYM
cblr-10941	1127	89	31.35	31.35	NUM
cblr-10941	1127	90	motional	motional	ADJ
cblr-10941	1127	91	venture	venture	NOUN
cblr-10941	1127	92	carveout	carveout	NOUN
cblr-10941	1127	93	342	342	NUM
cblr-10941	1127	94	market	market	NOUN
cblr-10941	1127	95	capitalization	capitalization	NOUN
cblr-10941	1127	96	of	of	ADP
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cblr-10941	1127	98	,	,	PUNCT
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cblr-10941	1127	100	,	,	PUNCT
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cblr-10941	1127	102	[	[	X
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cblr-10941	1127	115	market	market	NOUN
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cblr-10941	1127	127	,	,	PUNCT
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cblr-10941	1128	5	(	(	PUNCT
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cblr-10941	1128	24	,	,	PUNCT
cblr-10941	1128	25	https://companiesmarketcap.com/amazon/marketcap/	https://companiesmarketcap.com/amazon/marketcap/	PROPN
cblr-10941	1128	26	[	[	X
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cblr-10941	1129	23	,	,	PUNCT
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cblr-10941	1130	25	[	[	X
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cblr-10941	1130	50	[	[	X
cblr-10941	1130	51	perma.cc/v4fs-7nwl	perma.cc/v4fs-7nwl	X
cblr-10941	1130	52	]	]	X
cblr-10941	1130	53	(	(	PUNCT
cblr-10941	1130	54	last	last	ADV
cblr-10941	1130	55	accessed	access	VERB
cblr-10941	1130	56	feb	feb	NOUN
cblr-10941	1130	57	.	.	PROPN
cblr-10941	1130	58	5	5	NUM
cblr-10941	1130	59	,	,	PUNCT
cblr-10941	1130	60	2023	2023	NUM
cblr-10941	1130	61	)	)	PUNCT
cblr-10941	1130	62	;	;	PUNCT
cblr-10941	1130	63	market	market	NOUN
cblr-10941	1130	64	capitalization	capitalization	NOUN
cblr-10941	1130	65	of	of	ADP
cblr-10941	1130	66	honda	honda	NOUN
cblr-10941	1130	67	(	(	PUNCT
cblr-10941	1130	68	hmc	hmc	PROPN
cblr-10941	1130	69	)	)	PUNCT
cblr-10941	1130	70	,	,	PUNCT
cblr-10941	1130	71	companiesmarketcap.com	companiesmarketcap.com	X
cblr-10941	1130	72	,	,	PUNCT
cblr-10941	1130	73	https://companiesmarketcap.com/honda/marketcap/	https://companiesmarketcap.com/honda/marketcap/	PROPN
cblr-10941	1130	74	[	[	X
cblr-10941	1130	75	perma.cc/p7a2-ht85	perma.cc/p7a2-ht85	ADV
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cblr-10941	1130	77	(	(	PUNCT
cblr-10941	1130	78	last	last	ADV
cblr-10941	1130	79	accessed	access	VERB
cblr-10941	1130	80	feb	feb	NOUN
cblr-10941	1130	81	.	.	PROPN
cblr-10941	1130	82	5	5	NUM
cblr-10941	1130	83	,	,	PUNCT
cblr-10941	1130	84	2023	2023	NUM
cblr-10941	1130	85	)	)	PUNCT
cblr-10941	1130	86	;	;	PUNCT
cblr-10941	1130	87	market	market	NOUN
cblr-10941	1130	88	capitalization	capitalization	NOUN
cblr-10941	1130	89	of	of	ADP
cblr-10941	1130	90	hyundai	hyundai	PROPN
cblr-10941	1130	91	(	(	PUNCT
cblr-10941	1130	92	hymtf	hymtf	PROPN
cblr-10941	1130	93	)	)	PUNCT
cblr-10941	1130	94	,	,	PUNCT
cblr-10941	1130	95	companiesmarketcap.com	companiesmarketcap.com	X
cblr-10941	1130	96	,	,	PUNCT
cblr-10941	1130	97	https://companiesmarketcap.com/hyundai/marketcap/	https://companiesmarketcap.com/hyundai/marketcap/	PROPN
cblr-10941	1130	98	[	[	X
cblr-10941	1130	99	perma.cc/c2vpbnry	perma.cc/c2vpbnry	NOUN
cblr-10941	1130	100	]	]	X
cblr-10941	1130	101	(	(	PUNCT
cblr-10941	1130	102	last	last	ADV
cblr-10941	1130	103	accessed	access	VERB
cblr-10941	1130	104	feb	feb	NOUN
cblr-10941	1130	105	.	.	PROPN
cblr-10941	1130	106	5	5	NUM
cblr-10941	1130	107	,	,	PUNCT
cblr-10941	1130	108	2023	2023	NUM
cblr-10941	1130	109	)	)	PUNCT
cblr-10941	1130	110	;	;	PUNCT
cblr-10941	1130	111	market	market	NOUN
cblr-10941	1130	112	capitalization	capitalization	NOUN
cblr-10941	1130	113	of	of	ADP
cblr-10941	1130	114	apriv	apriv	PROPN
cblr-10941	1130	115	(	(	PUNCT
cblr-10941	1130	116	aptv	aptv	ADV
cblr-10941	1130	117	)	)	PUNCT
cblr-10941	1130	118	,	,	PUNCT
cblr-10941	1130	119	companiesmarketcap.com	companiesmarketcap.com	X
cblr-10941	1130	120	,	,	PUNCT
cblr-10941	1130	121	https://companiesmarketcap.com/aptiv/marketcap/	https://companiesmarketcap.com/aptiv/marketcap/	PROPN
cblr-10941	1130	122	[	[	X
cblr-10941	1130	123	perma.cc/29j9-p6ya	perma.cc/29j9-p6ya	PROPN
cblr-10941	1130	124	]	]	X
cblr-10941	1130	125	(	(	PUNCT
cblr-10941	1130	126	last	last	ADV
cblr-10941	1130	127	accessed	access	VERB
cblr-10941	1130	128	feb	feb	NOUN
cblr-10941	1130	129	.	.	PROPN
cblr-10941	1130	130	5	5	NUM
cblr-10941	1130	131	,	,	PUNCT
cblr-10941	1130	132	2023	2023	NUM
cblr-10941	1130	133	)	)	PUNCT
cblr-10941	1130	134	.	.	PUNCT
cblr-10941	1131	1	930	930	NUM
cblr-10941	1131	2	columbia	columbia	PROPN
cblr-10941	1131	3	business	business	NOUN
cblr-10941	1131	4	law	law	PROPN
cblr-10941	1131	5	review	review	NOUN
cblr-10941	1131	6	[	[	X
cblr-10941	1131	7	vol	vol	NOUN
cblr-10941	1131	8	.	.	PUNCT
cblr-10941	1131	9	2022	2022	NUM
cblr-10941	1132	1	what	what	PRON
cblr-10941	1132	2	explains	explain	VERB
cblr-10941	1132	3	this	this	DET
cblr-10941	1132	4	pattern	pattern	NOUN
cblr-10941	1132	5	?	?	PUNCT
cblr-10941	1133	1	part	part	NOUN
cblr-10941	1133	2	of	of	ADP
cblr-10941	1133	3	the	the	DET
cblr-10941	1133	4	answer	answer	NOUN
cblr-10941	1133	5	is	be	AUX
cblr-10941	1133	6	that	that	SCONJ
cblr-10941	1133	7	amazon	amazon	NOUN
cblr-10941	1133	8	and	and	CCONJ
cblr-10941	1133	9	apple	apple	NOUN
cblr-10941	1134	1	do	do	AUX
cblr-10941	1134	2	n’t	not	PART
cblr-10941	1134	3	need	need	VERB
cblr-10941	1134	4	the	the	DET
cblr-10941	1134	5	venture	venture	NOUN
cblr-10941	1134	6	carveout	carveout	NOUN
cblr-10941	1134	7	structure	structure	NOUN
cblr-10941	1134	8	because	because	SCONJ
cblr-10941	1134	9	they	they	PRON
cblr-10941	1134	10	can	can	AUX
cblr-10941	1134	11	fund	fund	VERB
cblr-10941	1134	12	their	their	PRON
cblr-10941	1134	13	av	av	PROPN
cblr-10941	1134	14	program	program	NOUN
cblr-10941	1134	15	with	with	ADP
cblr-10941	1134	16	internal	internal	ADJ
cblr-10941	1134	17	cash	cash	NOUN
cblr-10941	1134	18	flows	flow	NOUN
cblr-10941	1134	19	.	.	PUNCT
cblr-10941	1135	1	if	if	SCONJ
cblr-10941	1135	2	they	they	PRON
cblr-10941	1135	3	formed	form	VERB
cblr-10941	1135	4	carveouts	carveout	NOUN
cblr-10941	1135	5	,	,	PUNCT
cblr-10941	1135	6	they	they	PRON
cblr-10941	1135	7	would	would	AUX
cblr-10941	1135	8	have	have	VERB
cblr-10941	1135	9	to	to	PART
cblr-10941	1135	10	share	share	VERB
cblr-10941	1135	11	control	control	NOUN
cblr-10941	1135	12	and	and	CCONJ
cblr-10941	1135	13	profits	profit	NOUN
cblr-10941	1135	14	with	with	ADP
cblr-10941	1135	15	outsiders	outsider	NOUN
cblr-10941	1135	16	.	.	PUNCT
cblr-10941	1136	1	but	but	CCONJ
cblr-10941	1136	2	that	that	PRON
cblr-10941	1136	3	ca	can	AUX
cblr-10941	1136	4	n’t	not	PART
cblr-10941	1136	5	be	be	AUX
cblr-10941	1136	6	a	a	DET
cblr-10941	1136	7	complete	complete	ADJ
cblr-10941	1136	8	answer	answer	NOUN
cblr-10941	1136	9	.	.	PUNCT
cblr-10941	1137	1	if	if	SCONJ
cblr-10941	1137	2	public	public	ADJ
cblr-10941	1137	3	investors	investor	NOUN
cblr-10941	1137	4	are	be	AUX
cblr-10941	1137	5	bullish	bullish	ADJ
cblr-10941	1137	6	about	about	ADP
cblr-10941	1137	7	av	av	PROPN
cblr-10941	1137	8	investments	investment	NOUN
cblr-10941	1137	9	,	,	PUNCT
cblr-10941	1137	10	then	then	ADV
cblr-10941	1137	11	the	the	DET
cblr-10941	1137	12	auto	auto	NOUN
cblr-10941	1137	13	companies	company	NOUN
cblr-10941	1137	14	should	should	AUX
cblr-10941	1137	15	be	be	AUX
cblr-10941	1137	16	able	able	ADJ
cblr-10941	1137	17	to	to	PART
cblr-10941	1137	18	finance	finance	VERB
cblr-10941	1137	19	their	their	PRON
cblr-10941	1137	20	av	av	PROPN
cblr-10941	1137	21	programs	program	NOUN
cblr-10941	1137	22	in	in	ADP
cblr-10941	1137	23	public	public	ADJ
cblr-10941	1137	24	capital	capital	NOUN
cblr-10941	1137	25	markets	market	NOUN
cblr-10941	1137	26	.	.	PUNCT
cblr-10941	1138	1	if	if	SCONJ
cblr-10941	1138	2	they	they	PRON
cblr-10941	1138	3	are	be	AUX
cblr-10941	1138	4	bearish	bearish	ADJ
cblr-10941	1138	5	,	,	PUNCT
cblr-10941	1138	6	then	then	ADV
cblr-10941	1138	7	amazon	amazon	PROPN
cblr-10941	1138	8	and	and	CCONJ
cblr-10941	1138	9	apple	apple	NOUN
cblr-10941	1138	10	should	should	AUX
cblr-10941	1138	11	,	,	PUNCT
cblr-10941	1138	12	in	in	ADP
cblr-10941	1138	13	theory	theory	NOUN
cblr-10941	1138	14	,	,	PUNCT
cblr-10941	1138	15	feel	feel	VERB
cblr-10941	1138	16	pressure	pressure	NOUN
cblr-10941	1138	17	to	to	PART
cblr-10941	1138	18	either	either	CCONJ
cblr-10941	1138	19	invest	invest	VERB
cblr-10941	1138	20	the	the	DET
cblr-10941	1138	21	cash	cash	NOUN
cblr-10941	1138	22	they	they	PRON
cblr-10941	1138	23	are	be	AUX
cblr-10941	1138	24	spending	spend	VERB
cblr-10941	1138	25	on	on	ADP
cblr-10941	1138	26	avs	avs	PROPN
cblr-10941	1138	27	on	on	ADP
cblr-10941	1138	28	more	more	ADV
cblr-10941	1138	29	promising	promising	ADJ
cblr-10941	1138	30	projects	project	NOUN
cblr-10941	1138	31	or	or	CCONJ
cblr-10941	1138	32	return	return	VERB
cblr-10941	1138	33	it	it	PRON
cblr-10941	1138	34	to	to	ADP
cblr-10941	1138	35	shareholders	shareholder	NOUN
cblr-10941	1138	36	as	as	ADP
cblr-10941	1138	37	a	a	DET
cblr-10941	1138	38	dividend	dividend	NOUN
cblr-10941	1138	39	.	.	PUNCT
cblr-10941	1139	1	however	however	ADV
cblr-10941	1139	2	,	,	PUNCT
cblr-10941	1139	3	the	the	DET
cblr-10941	1139	4	tech	tech	NOUN
cblr-10941	1139	5	companies	company	NOUN
cblr-10941	1139	6	may	may	AUX
cblr-10941	1139	7	have	have	VERB
cblr-10941	1139	8	more	more	ADJ
cblr-10941	1139	9	freedom	freedom	NOUN
cblr-10941	1139	10	to	to	PART
cblr-10941	1139	11	invest	invest	VERB
cblr-10941	1139	12	in	in	ADP
cblr-10941	1139	13	moonshots	moonshot	NOUN
cblr-10941	1139	14	because	because	SCONJ
cblr-10941	1139	15	their	their	PRON
cblr-10941	1139	16	size	size	NOUN
cblr-10941	1139	17	partially	partially	ADV
cblr-10941	1139	18	insulates	insulate	VERB
cblr-10941	1139	19	them	they	PRON
cblr-10941	1139	20	from	from	ADP
cblr-10941	1139	21	shareholder	shareholder	NOUN
cblr-10941	1139	22	pressure	pressure	NOUN
cblr-10941	1139	23	.	.	PUNCT
cblr-10941	1140	1	alphabet	alphabet	PROPN
cblr-10941	1140	2	,	,	PUNCT
cblr-10941	1140	3	amazon	amazon	NOUN
cblr-10941	1140	4	,	,	PUNCT
cblr-10941	1140	5	and	and	CCONJ
cblr-10941	1140	6	apple	apple	NOUN
cblr-10941	1140	7	dominate	dominate	VERB
cblr-10941	1140	8	their	their	PRON
cblr-10941	1140	9	primary	primary	ADJ
cblr-10941	1140	10	markets.343	markets.343	NOUN
cblr-10941	1140	11	the	the	DET
cblr-10941	1140	12	expected	expect	VERB
cblr-10941	1140	13	cash	cash	NOUN
cblr-10941	1140	14	flows	flow	NOUN
cblr-10941	1140	15	from	from	ADP
cblr-10941	1140	16	those	those	DET
cblr-10941	1140	17	markets	market	NOUN
cblr-10941	1140	18	may	may	AUX
cblr-10941	1140	19	give	give	VERB
cblr-10941	1140	20	them	they	PRON
cblr-10941	1140	21	the	the	DET
cblr-10941	1140	22	luxury	luxury	NOUN
cblr-10941	1140	23	of	of	ADP
cblr-10941	1140	24	investing	invest	VERB
cblr-10941	1140	25	in	in	ADP
cblr-10941	1140	26	moonshots	moonshot	NOUN
cblr-10941	1140	27	without	without	ADP
cblr-10941	1140	28	pushback	pushback	NOUN
cblr-10941	1140	29	from	from	ADP
cblr-10941	1140	30	shareholders	shareholder	NOUN
cblr-10941	1140	31	.	.	PUNCT
cblr-10941	1141	1	some	some	PRON
cblr-10941	1141	2	of	of	ADP
cblr-10941	1141	3	the	the	DET
cblr-10941	1141	4	most	most	ADV
cblr-10941	1141	5	important	important	ADJ
cblr-10941	1141	6	innovations	innovation	NOUN
cblr-10941	1141	7	of	of	ADP
cblr-10941	1141	8	the	the	DET
cblr-10941	1141	9	last	last	ADJ
cblr-10941	1141	10	century	century	NOUN
cblr-10941	1141	11	emerged	emerge	VERB
cblr-10941	1141	12	from	from	ADP
cblr-10941	1141	13	corporate	corporate	ADJ
cblr-10941	1141	14	r&d	r&d	NOUN
cblr-10941	1141	15	labs	lab	NOUN
cblr-10941	1141	16	at	at	ADP
cblr-10941	1141	17	very	very	ADV
cblr-10941	1141	18	large	large	ADJ
cblr-10941	1141	19	firms	firm	NOUN
cblr-10941	1141	20	,	,	PUNCT
cblr-10941	1141	21	which	which	PRON
cblr-10941	1141	22	were	be	AUX
cblr-10941	1141	23	,	,	PUNCT
cblr-10941	1141	24	to	to	ADP
cblr-10941	1141	25	varying	vary	VERB
cblr-10941	1141	26	degrees	degree	NOUN
cblr-10941	1141	27	,	,	PUNCT
cblr-10941	1141	28	monopolists.344	monopolists.344	PROPN
cblr-10941	1141	29	at&t	at&t	PROPN
cblr-10941	1141	30	’s	’s	PART
cblr-10941	1141	31	bell	bell	PROPN
cblr-10941	1141	32	labs	labs	PROPN
cblr-10941	1141	33	developed	develop	VERB
cblr-10941	1141	34	transistors	transistor	NOUN
cblr-10941	1141	35	,	,	PUNCT
cblr-10941	1141	36	lasers	laser	NOUN
cblr-10941	1141	37	,	,	PUNCT
cblr-10941	1141	38	and	and	CCONJ
cblr-10941	1141	39	major	major	ADJ
cblr-10941	1141	40	modern	modern	ADJ
cblr-10941	1141	41	programming	programming	NOUN
cblr-10941	1141	42	languages.345	languages.345	PROPN
cblr-10941	1141	43	xerox	xerox	PROPN
cblr-10941	1141	44	’s	’s	PART
cblr-10941	1141	45	palo	palo	PROPN
cblr-10941	1141	46	alto	alto	PROPN
cblr-10941	1141	47	research	research	PROPN
cblr-10941	1141	48	center	center	PROPN
cblr-10941	1141	49	(	(	PUNCT
cblr-10941	1141	50	parc	parc	X
cblr-10941	1141	51	)	)	PUNCT
cblr-10941	1141	52	developed	develop	VERB
cblr-10941	1141	53	the	the	DET
cblr-10941	1141	54	graphical	graphical	ADJ
cblr-10941	1141	55	user	user	NOUN
cblr-10941	1141	56	interface	interface	NOUN
cblr-10941	1141	57	,	,	PUNCT
cblr-10941	1141	58	the	the	DET
cblr-10941	1141	59	computer	computer	NOUN
cblr-10941	1141	60	mouse	mouse	NOUN
cblr-10941	1141	61	,	,	PUNCT
cblr-10941	1141	62	and	and	CCONJ
cblr-10941	1141	63	ethernet.346	ethernet.346	VERB
cblr-10941	1141	64	ibm	ibm	PROPN
cblr-10941	1141	65	research	research	NOUN
cblr-10941	1141	66	developed	develop	VERB
cblr-10941	1141	67	343	343	NUM
cblr-10941	1141	68	see	see	VERB
cblr-10941	1141	69	lina	lina	PROPN
cblr-10941	1141	70	m.	m.	PROPN
cblr-10941	1141	71	khan	khan	PROPN
cblr-10941	1141	72	,	,	PUNCT
cblr-10941	1141	73	the	the	DET
cblr-10941	1141	74	separation	separation	NOUN
cblr-10941	1141	75	of	of	ADP
cblr-10941	1141	76	platforms	platform	NOUN
cblr-10941	1141	77	and	and	CCONJ
cblr-10941	1141	78	commerce	commerce	PROPN
cblr-10941	1141	79	,	,	PUNCT
cblr-10941	1141	80	119	119	NUM
cblr-10941	1141	81	colum	colum	NOUN
cblr-10941	1141	82	.	.	PUNCT
cblr-10941	1142	1	l.	l.	PROPN
cblr-10941	1142	2	rev	rev	PROPN
cblr-10941	1142	3	.	.	PROPN
cblr-10941	1142	4	973	973	NUM
cblr-10941	1142	5	,	,	PUNCT
cblr-10941	1142	6	985–1000	985–1000	NUM
cblr-10941	1142	7	,	,	PUNCT
cblr-10941	1142	8	1005–08	1005–08	NUM
cblr-10941	1142	9	(	(	PUNCT
cblr-10941	1142	10	2019	2019	NUM
cblr-10941	1142	11	)	)	PUNCT
cblr-10941	1142	12	(	(	PUNCT
cblr-10941	1142	13	arguing	argue	VERB
cblr-10941	1142	14	that	that	SCONJ
cblr-10941	1142	15	amazon	amazon	NOUN
cblr-10941	1142	16	,	,	PUNCT
cblr-10941	1142	17	alphabet	alphabet	NOUN
cblr-10941	1142	18	,	,	PUNCT
cblr-10941	1142	19	and	and	CCONJ
cblr-10941	1142	20	apple	apple	NOUN
cblr-10941	1142	21	dominate	dominate	VERB
cblr-10941	1142	22	key	key	ADJ
cblr-10941	1142	23	markets	market	NOUN
cblr-10941	1142	24	as	as	ADP
cblr-10941	1142	25	both	both	DET
cblr-10941	1142	26	platforms	platform	NOUN
cblr-10941	1142	27	for	for	ADP
cblr-10941	1142	28	producers	producer	NOUN
cblr-10941	1142	29	and	and	CCONJ
cblr-10941	1142	30	competitors	competitor	NOUN
cblr-10941	1142	31	with	with	ADP
cblr-10941	1142	32	the	the	DET
cblr-10941	1142	33	same	same	ADJ
cblr-10941	1142	34	producers	producer	NOUN
cblr-10941	1142	35	)	)	PUNCT
cblr-10941	1142	36	.	.	PUNCT
cblr-10941	1143	1	344	344	NUM
cblr-10941	1144	1	but	but	CCONJ
cblr-10941	1144	2	see	see	VERB
cblr-10941	1144	3	c.	c.	PROPN
cblr-10941	1144	4	scott	scott	PROPN
cblr-10941	1144	5	hemphill	hemphill	PROPN
cblr-10941	1144	6	&	&	CCONJ
cblr-10941	1144	7	tim	tim	PROPN
cblr-10941	1144	8	wu	wu	PROPN
cblr-10941	1144	9	,	,	PUNCT
cblr-10941	1144	10	nascent	nascent	ADJ
cblr-10941	1144	11	competitors	competitor	NOUN
cblr-10941	1144	12	,	,	PUNCT
cblr-10941	1144	13	168	168	NUM
cblr-10941	1144	14	u.	u.	NOUN
cblr-10941	1144	15	pa	pa	PROPN
cblr-10941	1144	16	.	.	PUNCT
cblr-10941	1144	17	l.	l.	PROPN
cblr-10941	1144	18	rev	rev	PROPN
cblr-10941	1144	19	.	.	PROPN
cblr-10941	1144	20	1879	1879	NUM
cblr-10941	1144	21	,	,	PUNCT
cblr-10941	1144	22	1886	1886	NUM
cblr-10941	1144	23	(	(	PUNCT
cblr-10941	1144	24	2020	2020	NUM
cblr-10941	1144	25	)	)	PUNCT
cblr-10941	1144	26	(	(	PUNCT
cblr-10941	1144	27	acknowledging	acknowledge	VERB
cblr-10941	1144	28	the	the	DET
cblr-10941	1144	29	bell	bell	PROPN
cblr-10941	1144	30	labs	labs	PROPN
cblr-10941	1144	31	and	and	CCONJ
cblr-10941	1144	32	xerox	xerox	PROPN
cblr-10941	1144	33	parc	parc	PROPN
cblr-10941	1144	34	examples	example	NOUN
cblr-10941	1144	35	,	,	PUNCT
cblr-10941	1144	36	but	but	CCONJ
cblr-10941	1144	37	responding	respond	VERB
cblr-10941	1144	38	that	that	SCONJ
cblr-10941	1144	39	“	"	PUNCT
cblr-10941	1144	40	over	over	ADP
cblr-10941	1144	41	the	the	DET
cblr-10941	1144	42	same	same	ADJ
cblr-10941	1144	43	period	period	NOUN
cblr-10941	1144	44	,	,	PUNCT
cblr-10941	1144	45	a	a	DET
cblr-10941	1144	46	significant	significant	ADJ
cblr-10941	1144	47	number	number	NOUN
cblr-10941	1144	48	of	of	ADP
cblr-10941	1144	49	disruptive	disruptive	ADJ
cblr-10941	1144	50	innovations	innovation	NOUN
cblr-10941	1144	51	.	.	PUNCT
cblr-10941	1144	52	.	.	PUNCT
cblr-10941	1145	1	.	.	PUNCT
cblr-10941	1146	1	have	have	AUX
cblr-10941	1146	2	come	come	VERB
cblr-10941	1146	3	out	out	ADP
cblr-10941	1146	4	of	of	ADP
cblr-10941	1146	5	very	very	ADV
cblr-10941	1146	6	small	small	ADJ
cblr-10941	1146	7	firms	firm	NOUN
cblr-10941	1146	8	with	with	ADP
cblr-10941	1146	9	new	new	ADJ
cblr-10941	1146	10	technologies	technology	NOUN
cblr-10941	1146	11	unproven	unproven	ADJ
cblr-10941	1146	12	at	at	ADP
cblr-10941	1146	13	the	the	DET
cblr-10941	1146	14	time	time	NOUN
cblr-10941	1146	15	:	:	PUNCT
cblr-10941	1146	16	examples	example	NOUN
cblr-10941	1146	17	include	include	VERB
cblr-10941	1146	18	the	the	DET
cblr-10941	1146	19	bell	bell	PROPN
cblr-10941	1146	20	telephone	telephone	NOUN
cblr-10941	1146	21	company	company	NOUN
cblr-10941	1146	22	,	,	PUNCT
cblr-10941	1146	23	rca	rca	PROPN
cblr-10941	1146	24	,	,	PUNCT
cblr-10941	1146	25	mci	mci	PROPN
cblr-10941	1146	26	,	,	PUNCT
cblr-10941	1146	27	genentech	genentech	NOUN
cblr-10941	1146	28	,	,	PUNCT
cblr-10941	1146	29	apple	apple	NOUN
cblr-10941	1146	30	,	,	PUNCT
cblr-10941	1146	31	netscape	netscape	NOUN
cblr-10941	1146	32	,	,	PUNCT
cblr-10941	1146	33	and	and	CCONJ
cblr-10941	1146	34	dozens	dozen	NOUN
cblr-10941	1146	35	of	of	ADP
cblr-10941	1146	36	others	other	NOUN
cblr-10941	1146	37	”	"	PUNCT
cblr-10941	1146	38	)	)	PUNCT
cblr-10941	1146	39	.	.	PUNCT
cblr-10941	1147	1	345	345	NUM
cblr-10941	1147	2	see	see	VERB
cblr-10941	1147	3	generally	generally	ADV
cblr-10941	1147	4	jon	jon	PROPN
cblr-10941	1147	5	gertner	gertner	NOUN
cblr-10941	1147	6	,	,	PUNCT
cblr-10941	1147	7	the	the	DET
cblr-10941	1147	8	idea	idea	NOUN
cblr-10941	1147	9	factory	factory	NOUN
cblr-10941	1147	10	:	:	PUNCT
cblr-10941	1147	11	bell	bell	PROPN
cblr-10941	1147	12	labs	labs	PROPN
cblr-10941	1147	13	and	and	CCONJ
cblr-10941	1147	14	the	the	DET
cblr-10941	1147	15	great	great	ADJ
cblr-10941	1147	16	age	age	NOUN
cblr-10941	1147	17	of	of	ADP
cblr-10941	1147	18	american	american	ADJ
cblr-10941	1147	19	innovation	innovation	NOUN
cblr-10941	1147	20	(	(	PUNCT
cblr-10941	1147	21	2013	2013	NUM
cblr-10941	1147	22	)	)	PUNCT
cblr-10941	1147	23	.	.	PUNCT
cblr-10941	1148	1	346	346	NUM
cblr-10941	1148	2	see	see	VERB
cblr-10941	1148	3	generally	generally	ADV
cblr-10941	1148	4	michael	michael	PROPN
cblr-10941	1148	5	a.	a.	PROPN
cblr-10941	1148	6	hiltzik	hiltzik	ADV
cblr-10941	1148	7	,	,	PUNCT
cblr-10941	1148	8	dealers	dealer	NOUN
cblr-10941	1148	9	of	of	ADP
cblr-10941	1148	10	lightning	lightning	NOUN
cblr-10941	1148	11	:	:	PUNCT
cblr-10941	1148	12	xerox	xerox	PROPN
cblr-10941	1148	13	parc	parc	PROPN
cblr-10941	1148	14	and	and	CCONJ
cblr-10941	1148	15	the	the	DET
cblr-10941	1148	16	dawn	dawn	NOUN
cblr-10941	1148	17	of	of	ADP
cblr-10941	1148	18	the	the	DET
cblr-10941	1148	19	computer	computer	NOUN
cblr-10941	1148	20	age	age	NOUN
cblr-10941	1148	21	(	(	PUNCT
cblr-10941	1148	22	2000	2000	NUM
cblr-10941	1148	23	)	)	PUNCT
cblr-10941	1148	24	.	.	PUNCT
cblr-10941	1149	1	no	no	INTJ
cblr-10941	1149	2	.	.	PUNCT
cblr-10941	1150	1	2:859	2:859	NUM
cblr-10941	1150	2	]	]	X
cblr-10941	1150	3	moonshots	moonshot	VERB
cblr-10941	1150	4	931	931	NUM
cblr-10941	1150	5	the	the	DET
cblr-10941	1150	6	floppy	floppy	ADJ
cblr-10941	1150	7	disk	disk	NOUN
cblr-10941	1150	8	,	,	PUNCT
cblr-10941	1150	9	the	the	DET
cblr-10941	1150	10	hard	hard	ADJ
cblr-10941	1150	11	disk	disk	NOUN
cblr-10941	1150	12	drive	drive	NOUN
cblr-10941	1150	13	,	,	PUNCT
cblr-10941	1150	14	and	and	CCONJ
cblr-10941	1150	15	the	the	DET
cblr-10941	1150	16	first	first	ADJ
cblr-10941	1150	17	portable	portable	ADJ
cblr-10941	1150	18	computer.347	computer.347	ADJ
cblr-10941	1150	19	alphabet	alphabet	NOUN
cblr-10941	1150	20	is	be	AUX
cblr-10941	1150	21	attempting	attempt	VERB
cblr-10941	1150	22	to	to	PART
cblr-10941	1150	23	build	build	VERB
cblr-10941	1150	24	a	a	DET
cblr-10941	1150	25	contemporary	contemporary	ADJ
cblr-10941	1150	26	bell	bell	PROPN
cblr-10941	1150	27	labs	labs	PROPN
cblr-10941	1150	28	.	.	PUNCT
cblr-10941	1151	1	alphabet	alphabet	PROPN
cblr-10941	1151	2	calls	call	VERB
cblr-10941	1151	3	its	its	PRON
cblr-10941	1151	4	subsidiary	subsidiary	NOUN
cblr-10941	1151	5	x	x	PUNCT
cblr-10941	1151	6	a	a	DET
cblr-10941	1151	7	“	"	PUNCT
cblr-10941	1151	8	moonshot	moonshot	NOUN
cblr-10941	1151	9	factory	factory	NOUN
cblr-10941	1151	10	.	.	PUNCT
cblr-10941	1152	1	”348	”348	ADJ
cblr-10941	1152	2	waymo	waymo	NOUN
cblr-10941	1152	3	is	be	AUX
cblr-10941	1152	4	x	x	NOUN
cblr-10941	1152	5	’s	’s	PART
cblr-10941	1152	6	most	most	ADV
cblr-10941	1152	7	high	high	ADJ
cblr-10941	1152	8	-	-	PUNCT
cblr-10941	1152	9	profile	profile	NOUN
cblr-10941	1152	10	spin	spin	NOUN
cblr-10941	1152	11	-	-	PUNCT
cblr-10941	1152	12	off	off	NOUN
cblr-10941	1152	13	.	.	PUNCT
cblr-10941	1153	1	x	x	X
cblr-10941	1153	2	’s	’	VERB
cblr-10941	1153	3	other	other	ADJ
cblr-10941	1153	4	projects	project	NOUN
cblr-10941	1153	5	include	include	VERB
cblr-10941	1153	6	drone	drone	NOUN
cblr-10941	1153	7	delivery	delivery	NOUN
cblr-10941	1153	8	,	,	PUNCT
cblr-10941	1153	9	geothermal	geothermal	ADJ
cblr-10941	1153	10	energy	energy	NOUN
cblr-10941	1153	11	,	,	PUNCT
cblr-10941	1153	12	underwater	underwater	ADJ
cblr-10941	1153	13	cameras	camera	NOUN
cblr-10941	1153	14	,	,	PUNCT
cblr-10941	1153	15	kite	kite	NOUN
cblr-10941	1153	16	-	-	PUNCT
cblr-10941	1153	17	based	base	VERB
cblr-10941	1153	18	wind	wind	NOUN
cblr-10941	1153	19	energy	energy	NOUN
cblr-10941	1153	20	,	,	PUNCT
cblr-10941	1153	21	balloon	balloon	NOUN
cblr-10941	1153	22	-	-	PUNCT
cblr-10941	1153	23	based	base	VERB
cblr-10941	1153	24	internet	internet	NOUN
cblr-10941	1153	25	access	access	NOUN
cblr-10941	1153	26	,	,	PUNCT
cblr-10941	1153	27	energy	energy	NOUN
cblr-10941	1153	28	storage	storage	NOUN
cblr-10941	1153	29	in	in	ADP
cblr-10941	1153	30	molten	molten	ADJ
cblr-10941	1153	31	salt	salt	NOUN
cblr-10941	1153	32	tanks	tank	NOUN
cblr-10941	1153	33	,	,	PUNCT
cblr-10941	1153	34	atmospheric	atmospheric	ADJ
cblr-10941	1153	35	water	water	NOUN
cblr-10941	1153	36	harvesting	harvesting	NOUN
cblr-10941	1153	37	,	,	PUNCT
cblr-10941	1153	38	and	and	CCONJ
cblr-10941	1153	39	the	the	DET
cblr-10941	1153	40	infamous	infamous	ADJ
cblr-10941	1153	41	augmented	augment	VERB
cblr-10941	1153	42	reality	reality	NOUN
cblr-10941	1153	43	eyeglasses	eyeglass	NOUN
cblr-10941	1153	44	,	,	PUNCT
cblr-10941	1153	45	google	google	PROPN
cblr-10941	1153	46	glass.349	glass.349	PROPN
cblr-10941	1153	47	some	some	PRON
cblr-10941	1153	48	of	of	ADP
cblr-10941	1153	49	these	these	DET
cblr-10941	1153	50	projects	project	NOUN
cblr-10941	1153	51	have	have	AUX
cblr-10941	1153	52	“	"	PUNCT
cblr-10941	1153	53	graduated	graduate	VERB
cblr-10941	1153	54	”	"	PUNCT
cblr-10941	1153	55	from	from	ADP
cblr-10941	1153	56	x	x	PRON
cblr-10941	1153	57	to	to	PART
cblr-10941	1153	58	become	become	VERB
cblr-10941	1153	59	separate	separate	ADJ
cblr-10941	1153	60	subsidiaries	subsidiary	NOUN
cblr-10941	1153	61	of	of	ADP
cblr-10941	1153	62	alphabet	alphabet	NOUN
cblr-10941	1153	63	or	or	CCONJ
cblr-10941	1153	64	fully	fully	ADV
cblr-10941	1153	65	independent	independent	ADJ
cblr-10941	1153	66	companies.350	companies.350	PROPN
cblr-10941	1153	67	alphabet	alphabet	NOUN
cblr-10941	1153	68	has	have	AUX
cblr-10941	1153	69	faced	face	VERB
cblr-10941	1153	70	occasional	occasional	ADJ
cblr-10941	1153	71	criticism	criticism	NOUN
cblr-10941	1153	72	from	from	ADP
cblr-10941	1153	73	analysts	analyst	NOUN
cblr-10941	1153	74	for	for	ADP
cblr-10941	1153	75	the	the	DET
cblr-10941	1153	76	size	size	NOUN
cblr-10941	1153	77	of	of	ADP
cblr-10941	1153	78	its	its	PRON
cblr-10941	1153	79	speculative	speculative	ADJ
cblr-10941	1153	80	r&d	r&d	NOUN
cblr-10941	1153	81	spending.351	spending.351	VERB
cblr-10941	1153	82	its	its	PRON
cblr-10941	1153	83	2020	2020	NUM
cblr-10941	1153	84	annual	annual	ADJ
cblr-10941	1153	85	report	report	NOUN
cblr-10941	1153	86	discloses	disclose	VERB
cblr-10941	1153	87	a	a	DET
cblr-10941	1153	88	net	net	ADJ
cblr-10941	1153	89	loss	loss	NOUN
cblr-10941	1153	90	of	of	ADP
cblr-10941	1153	91	about	about	ADV
cblr-10941	1153	92	$	$	SYM
cblr-10941	1153	93	4.5	4.5	NUM
cblr-10941	1153	94	billion	billion	NUM
cblr-10941	1153	95	from	from	ADP
cblr-10941	1153	96	its	its	PRON
cblr-10941	1153	97	other	other	ADJ
cblr-10941	1153	98	bets	bet	NOUN
cblr-10941	1153	99	segment	segment	NOUN
cblr-10941	1153	100	,	,	PUNCT
cblr-10941	1153	101	which	which	PRON
cblr-10941	1153	102	includes	include	VERB
cblr-10941	1153	103	both	both	CCONJ
cblr-10941	1153	104	waymo	waymo	NOUN
cblr-10941	1153	105	and	and	CCONJ
cblr-10941	1153	106	x.352	x.352	NOUN
cblr-10941	1153	107	but	but	CCONJ
cblr-10941	1153	108	the	the	DET
cblr-10941	1153	109	report	report	NOUN
cblr-10941	1153	110	declares	declare	VERB
cblr-10941	1153	111	,	,	PUNCT
cblr-10941	1153	112	in	in	ADP
cblr-10941	1153	113	a	a	DET
cblr-10941	1153	114	section	section	NOUN
cblr-10941	1153	115	titled	title	VERB
cblr-10941	1153	116	“	"	PUNCT
cblr-10941	1153	117	moonshots	moonshot	NOUN
cblr-10941	1153	118	”	"	PUNCT
cblr-10941	1153	119	:	:	PUNCT
cblr-10941	1153	120	“	"	PUNCT
cblr-10941	1153	121	[	[	X
cblr-10941	1153	122	w]e	w]e	NOUN
cblr-10941	1153	123	will	will	AUX
cblr-10941	1153	124	not	not	PART
cblr-10941	1153	125	shy	shy	VERB
cblr-10941	1153	126	away	away	ADV
cblr-10941	1153	127	from	from	ADP
cblr-10941	1153	128	high	high	ADJ
cblr-10941	1153	129	-	-	PUNCT
cblr-10941	1153	130	risk	risk	NOUN
cblr-10941	1153	131	,	,	PUNCT
cblr-10941	1153	132	high	high	ADJ
cblr-10941	1153	133	-	-	PUNCT
cblr-10941	1153	134	reward	reward	NOUN
cblr-10941	1153	135	projects	project	NOUN
cblr-10941	1153	136	that	that	PRON
cblr-10941	1153	137	we	we	PRON
cblr-10941	1153	138	believe	believe	VERB
cblr-10941	1153	139	in	in	ADP
cblr-10941	1153	140	because	because	SCONJ
cblr-10941	1153	141	they	they	PRON
cblr-10941	1153	142	are	be	AUX
cblr-10941	1153	143	the	the	DET
cblr-10941	1153	144	key	key	NOUN
cblr-10941	1153	145	to	to	ADP
cblr-10941	1153	146	our	our	PRON
cblr-10941	1153	147	long	long	ADJ
cblr-10941	1153	148	-	-	PUNCT
cblr-10941	1153	149	term	term	NOUN
cblr-10941	1153	150	success	success	NOUN
cblr-10941	1153	151	.	.	PUNCT
cblr-10941	1154	1	”353	”353	PROPN
cblr-10941	1154	2	alphabet	alphabet	PROPN
cblr-10941	1154	3	’s	’s	PART
cblr-10941	1154	4	large	large	ADJ
cblr-10941	1154	5	r&d	r&d	NOUN
cblr-10941	1154	6	investments	investment	NOUN
cblr-10941	1154	7	are	be	AUX
cblr-10941	1154	8	not	not	PART
cblr-10941	1154	9	unique	unique	ADJ
cblr-10941	1154	10	among	among	ADP
cblr-10941	1154	11	the	the	DET
cblr-10941	1154	12	large	large	ADJ
cblr-10941	1154	13	tech	tech	NOUN
cblr-10941	1154	14	companies	company	NOUN
cblr-10941	1154	15	.	.	PUNCT
cblr-10941	1155	1	an	an	DET
cblr-10941	1155	2	analysis	analysis	NOUN
cblr-10941	1155	3	in	in	ADP
cblr-10941	1155	4	2017	2017	NUM
cblr-10941	1155	5	found	find	VERB
cblr-10941	1155	6	that	that	SCONJ
cblr-10941	1155	7	“	"	PUNCT
cblr-10941	1155	8	alphabet	alphabet	NOUN
cblr-10941	1155	9	,	,	PUNCT
cblr-10941	1155	10	amazon	amazon	NOUN
cblr-10941	1155	11	,	,	PUNCT
cblr-10941	1155	12	apple	apple	NOUN
cblr-10941	1155	13	,	,	PUNCT
cblr-10941	1155	14	facebook	facebook	NOUN
cblr-10941	1155	15	,	,	PUNCT
cblr-10941	1155	16	and	and	CCONJ
cblr-10941	1155	17	microsoft	microsoft	PROPN
cblr-10941	1155	18	together	together	ADV
cblr-10941	1155	19	accounted	account	VERB
cblr-10941	1155	20	for	for	ADP
cblr-10941	1155	21	nearly	nearly	ADV
cblr-10941	1155	22	a	a	PRON
cblr-10941	1155	23	quarter	quarter	NOUN
cblr-10941	1155	24	of	of	ADP
cblr-10941	1155	25	reported	report	VERB
cblr-10941	1155	26	r&d	r&d	NOUN
cblr-10941	1155	27	spending	spending	NOUN
cblr-10941	1155	28	for	for	ADP
cblr-10941	1155	29	the	the	DET
cblr-10941	1155	30	entire	entire	ADJ
cblr-10941	1155	31	s&p	s&p	NOUN
cblr-10941	1155	32	500.”354	500.”354	NUM
cblr-10941	1155	33	the	the	DET
cblr-10941	1155	34	concentration	concentration	NOUN
cblr-10941	1155	35	of	of	ADP
cblr-10941	1155	36	r&d	r&d	NOUN
cblr-10941	1155	37	spending	spending	NOUN
cblr-10941	1155	38	in	in	ADP
cblr-10941	1155	39	the	the	DET
cblr-10941	1155	40	five	five	NUM
cblr-10941	1155	41	tech	tech	NOUN
cblr-10941	1155	42	giants	giant	NOUN
cblr-10941	1155	43	has	have	VERB
cblr-10941	1155	44	interesting	interesting	ADJ
cblr-10941	1155	45	implications	implication	NOUN
cblr-10941	1155	46	for	for	ADP
cblr-10941	1155	47	the	the	DET
cblr-10941	1155	48	short	short	ADJ
cblr-10941	1155	49	-	-	PUNCT
cblr-10941	1155	50	termism	termism	NOUN
cblr-10941	1155	51	debate	debate	NOUN
cblr-10941	1155	52	.	.	PUNCT
cblr-10941	1156	1	347	347	NUM
cblr-10941	1156	2	see	see	NOUN
cblr-10941	1156	3	generally	generally	ADV
cblr-10941	1156	4	emerson	emerson	PROPN
cblr-10941	1156	5	w.	w.	PROPN
cblr-10941	1156	6	pugh	pugh	PROPN
cblr-10941	1156	7	,	,	PUNCT
cblr-10941	1156	8	building	build	VERB
cblr-10941	1156	9	ibm	ibm	PROPN
cblr-10941	1156	10	:	:	PUNCT
cblr-10941	1156	11	shaping	shape	VERB
cblr-10941	1156	12	an	an	DET
cblr-10941	1156	13	industry	industry	NOUN
cblr-10941	1156	14	and	and	CCONJ
cblr-10941	1156	15	its	its	PRON
cblr-10941	1156	16	technology	technology	NOUN
cblr-10941	1156	17	(	(	PUNCT
cblr-10941	1156	18	1995	1995	NUM
cblr-10941	1156	19	)	)	PUNCT
cblr-10941	1156	20	.	.	PUNCT
cblr-10941	1157	1	348	348	NUM
cblr-10941	1157	2	moonshot	moonshot	NOUN
cblr-10941	1157	3	thinking	thinking	NOUN
cblr-10941	1157	4	,	,	PUNCT
cblr-10941	1157	5	x	x	PROPN
cblr-10941	1157	6	dev	dev	PROPN
cblr-10941	1157	7	.	.	PROPN
cblr-10941	1157	8	llc	llc	PROPN
cblr-10941	1157	9	,	,	PUNCT
cblr-10941	1157	10	https://x.company/moonshot/	https://x.company/moonshot/	PROPN
cblr-10941	1157	11	[	[	X
cblr-10941	1157	12	https://perma.cc/sd8z-pd6c	https://perma.cc/sd8z-pd6c	ADP
cblr-10941	1157	13	]	]	X
cblr-10941	1157	14	.	.	PUNCT
cblr-10941	1158	1	349	349	NUM
cblr-10941	1158	2	see	see	VERB
cblr-10941	1158	3	projects	project	NOUN
cblr-10941	1158	4	,	,	PUNCT
cblr-10941	1158	5	x	x	X
cblr-10941	1158	6	dev	dev	PROPN
cblr-10941	1158	7	.	.	PROPN
cblr-10941	1158	8	llc	llc	PROPN
cblr-10941	1158	9	,	,	PUNCT
cblr-10941	1158	10	https://x.company/projects/	https://x.company/projects/	PROPN
cblr-10941	1158	11	[	[	X
cblr-10941	1158	12	https://perma.cc/z8r3-s8c5	https://perma.cc/z8r3-s8c5	NOUN
cblr-10941	1158	13	]	]	X
cblr-10941	1158	14	.	.	PUNCT
cblr-10941	1159	1	350	350	NUM
cblr-10941	1159	2	see	see	VERB
cblr-10941	1159	3	i	i	PROPN
cblr-10941	1159	4	d.	d.	PROPN
cblr-10941	1159	5	(	(	PUNCT
cblr-10941	1159	6	listing	list	VERB
cblr-10941	1159	7	graduated	graduate	VERB
cblr-10941	1159	8	companies	company	NOUN
cblr-10941	1159	9	)	)	PUNCT
cblr-10941	1159	10	.	.	PUNCT
cblr-10941	1160	1	351	351	NUM
cblr-10941	1160	2	see	see	VERB
cblr-10941	1160	3	,	,	PUNCT
cblr-10941	1160	4	e.g.	e.g.	ADV
cblr-10941	1160	5	,	,	PUNCT
cblr-10941	1160	6	leonid	leonid	PROPN
cblr-10941	1160	7	bershidsky	bershidsky	NOUN
cblr-10941	1160	8	,	,	PUNCT
cblr-10941	1160	9	opinion	opinion	NOUN
cblr-10941	1160	10	,	,	PUNCT
cblr-10941	1160	11	google	google	PROPN
cblr-10941	1160	12	’s	’s	PART
cblr-10941	1160	13	main	main	ADJ
cblr-10941	1160	14	business	business	NOUN
cblr-10941	1160	15	could	could	AUX
cblr-10941	1160	16	use	use	VERB
cblr-10941	1160	17	some	some	DET
cblr-10941	1160	18	moonshots	moonshot	NOUN
cblr-10941	1160	19	,	,	PUNCT
cblr-10941	1160	20	bloomberg	bloomberg	PROPN
cblr-10941	1160	21	(	(	PUNCT
cblr-10941	1160	22	may	may	PROPN
cblr-10941	1160	23	8	8	NUM
cblr-10941	1160	24	,	,	PUNCT
cblr-10941	1160	25	2021	2021	NUM
cblr-10941	1160	26	,	,	PUNCT
cblr-10941	1160	27	8:00	8:00	NUM
cblr-10941	1160	28	am	am	NOUN
cblr-10941	1160	29	)	)	PUNCT
cblr-10941	1160	30	,	,	PUNCT
cblr-10941	1160	31	https://www.bloomberg.com/opinion/articles/2021-05-08/google-s-otherbets-should-focus-on-its-main-business	https://www.bloomberg.com/opinion/articles/2021-05-08/google-s-otherbets-should-focus-on-its-main-business	PUNCT
cblr-10941	1161	1	[	[	X
cblr-10941	1161	2	https://perma.cc/zr2u-avyk	https://perma.cc/zr2u-avyk	X
cblr-10941	1161	3	]	]	X
cblr-10941	1161	4	.	.	PUNCT
cblr-10941	1162	1	352	352	NUM
cblr-10941	1162	2	alphabet	alphabet	PROPN
cblr-10941	1162	3	inc	inc	PROPN
cblr-10941	1162	4	.	.	PROPN
cblr-10941	1162	5	,	,	PUNCT
cblr-10941	1162	6	annual	annual	ADJ
cblr-10941	1162	7	report	report	NOUN
cblr-10941	1162	8	(	(	PUNCT
cblr-10941	1162	9	form	form	NOUN
cblr-10941	1162	10	10	10	NUM
cblr-10941	1162	11	-	-	PUNCT
cblr-10941	1162	12	k	k	NOUN
cblr-10941	1162	13	)	)	PUNCT
cblr-10941	1162	14	38	38	NUM
cblr-10941	1162	15	(	(	PUNCT
cblr-10941	1162	16	feb	feb	X
cblr-10941	1162	17	.	.	PROPN
cblr-10941	1162	18	2	2	NUM
cblr-10941	1162	19	,	,	PUNCT
cblr-10941	1162	20	2021	2021	NUM
cblr-10941	1162	21	)	)	PUNCT
cblr-10941	1162	22	.	.	PUNCT
cblr-10941	1163	1	353	353	NUM
cblr-10941	1164	1	i	i	PRON
cblr-10941	1164	2	d.	d.	PROPN
cblr-10941	1164	3	at	at	ADP
cblr-10941	1164	4	5	5	NUM
cblr-10941	1164	5	.	.	NOUN
cblr-10941	1164	6	354	354	NUM
cblr-10941	1164	7	zoffer	zoffer	NOUN
cblr-10941	1164	8	,	,	PUNCT
cblr-10941	1164	9	supra	supra	PROPN
cblr-10941	1164	10	note	note	NOUN
cblr-10941	1164	11	55	55	NUM
cblr-10941	1164	12	,	,	PUNCT
cblr-10941	1164	13	at	at	ADP
cblr-10941	1164	14	312	312	NUM
cblr-10941	1164	15	.	.	PUNCT
cblr-10941	1164	16	932	932	NUM
cblr-10941	1164	17	columbia	columbia	PROPN
cblr-10941	1164	18	business	business	PROPN
cblr-10941	1164	19	law	law	PROPN
cblr-10941	1164	20	review	review	NOUN
cblr-10941	1164	21	[	[	X
cblr-10941	1164	22	vol	vol	NOUN
cblr-10941	1164	23	.	.	PUNCT
cblr-10941	1164	24	2022	2022	NUM
cblr-10941	1164	25	recall	recall	PROPN
cblr-10941	1164	26	mark	mark	PROPN
cblr-10941	1164	27	roe	roe	PROPN
cblr-10941	1164	28	’s	’s	PART
cblr-10941	1164	29	argument	argument	NOUN
cblr-10941	1164	30	that	that	SCONJ
cblr-10941	1164	31	the	the	DET
cblr-10941	1164	32	stock	stock	NOUN
cblr-10941	1164	33	market	market	NOUN
cblr-10941	1164	34	’s	’s	PART
cblr-10941	1164	35	enthusiasm	enthusiasm	NOUN
cblr-10941	1164	36	for	for	ADP
cblr-10941	1164	37	these	these	DET
cblr-10941	1164	38	r&d	r&d	NOUN
cblr-10941	1164	39	-	-	PUNCT
cblr-10941	1164	40	heavy	heavy	ADJ
cblr-10941	1164	41	companies	company	NOUN
cblr-10941	1164	42	is	be	AUX
cblr-10941	1164	43	evidence	evidence	NOUN
cblr-10941	1164	44	against	against	ADP
cblr-10941	1164	45	pervasive	pervasive	ADJ
cblr-10941	1164	46	short	short	ADJ
cblr-10941	1164	47	-	-	PUNCT
cblr-10941	1164	48	termism.355	termism.355	NUM
cblr-10941	1164	49	roe	roe	NOUN
cblr-10941	1164	50	may	may	AUX
cblr-10941	1164	51	be	be	AUX
cblr-10941	1164	52	right	right	ADJ
cblr-10941	1164	53	that	that	SCONJ
cblr-10941	1164	54	investors	investor	NOUN
cblr-10941	1164	55	are	be	AUX
cblr-10941	1164	56	willing	willing	ADJ
cblr-10941	1164	57	to	to	PART
cblr-10941	1164	58	bet	bet	VERB
cblr-10941	1164	59	on	on	ADP
cblr-10941	1164	60	these	these	DET
cblr-10941	1164	61	companies	company	NOUN
cblr-10941	1164	62	in	in	ADP
cblr-10941	1164	63	part	part	NOUN
cblr-10941	1164	64	because	because	SCONJ
cblr-10941	1164	65	of	of	ADP
cblr-10941	1164	66	the	the	DET
cblr-10941	1164	67	potential	potential	ADJ
cblr-10941	1164	68	value	value	NOUN
cblr-10941	1164	69	that	that	PRON
cblr-10941	1164	70	their	their	PRON
cblr-10941	1164	71	r&d	r&d	NOUN
cblr-10941	1164	72	could	could	AUX
cblr-10941	1164	73	create	create	VERB
cblr-10941	1164	74	.	.	PUNCT
cblr-10941	1165	1	but	but	CCONJ
cblr-10941	1165	2	it	it	PRON
cblr-10941	1165	3	’s	’	VERB
cblr-10941	1165	4	also	also	ADV
cblr-10941	1165	5	possible	possible	ADJ
cblr-10941	1165	6	that	that	SCONJ
cblr-10941	1165	7	the	the	DET
cblr-10941	1165	8	causal	causal	ADJ
cblr-10941	1165	9	arrow	arrow	NOUN
cblr-10941	1165	10	points	point	NOUN
cblr-10941	1165	11	in	in	ADP
cblr-10941	1165	12	the	the	DET
cblr-10941	1165	13	opposite	opposite	ADJ
cblr-10941	1165	14	direction	direction	NOUN
cblr-10941	1165	15	.	.	PUNCT
cblr-10941	1166	1	shareholders	shareholder	NOUN
cblr-10941	1166	2	may	may	AUX
cblr-10941	1166	3	tolerate	tolerate	VERB
cblr-10941	1166	4	these	these	DET
cblr-10941	1166	5	companies	company	NOUN
cblr-10941	1166	6	’	'	PUNCT
cblr-10941	1166	7	investments	investment	NOUN
cblr-10941	1166	8	in	in	ADP
cblr-10941	1166	9	long	long	ADJ
cblr-10941	1166	10	-	-	PUNCT
cblr-10941	1166	11	term	term	NOUN
cblr-10941	1166	12	innovation	innovation	NOUN
cblr-10941	1166	13	because	because	SCONJ
cblr-10941	1166	14	they	they	PRON
cblr-10941	1166	15	face	face	VERB
cblr-10941	1166	16	less	less	ADJ
cblr-10941	1166	17	competition	competition	NOUN
cblr-10941	1166	18	in	in	ADP
cblr-10941	1166	19	their	their	PRON
cblr-10941	1166	20	primary	primary	ADJ
cblr-10941	1166	21	markets	market	NOUN
cblr-10941	1166	22	.	.	PUNCT
cblr-10941	1167	1	size	size	NOUN
cblr-10941	1167	2	and	and	CCONJ
cblr-10941	1167	3	market	market	NOUN
cblr-10941	1167	4	power	power	NOUN
cblr-10941	1167	5	can	can	AUX
cblr-10941	1167	6	partially	partially	ADV
cblr-10941	1167	7	insulate	insulate	VERB
cblr-10941	1167	8	managers	manager	NOUN
cblr-10941	1167	9	.	.	PUNCT
cblr-10941	1168	1	it	it	PRON
cblr-10941	1168	2	may	may	AUX
cblr-10941	1168	3	be	be	AUX
cblr-10941	1168	4	dangerous	dangerous	ADJ
cblr-10941	1168	5	for	for	SCONJ
cblr-10941	1168	6	society	society	NOUN
cblr-10941	1168	7	to	to	PART
cblr-10941	1168	8	rely	rely	VERB
cblr-10941	1168	9	on	on	ADP
cblr-10941	1168	10	a	a	DET
cblr-10941	1168	11	few	few	ADJ
cblr-10941	1168	12	large	large	ADJ
cblr-10941	1168	13	firms	firm	NOUN
cblr-10941	1168	14	to	to	PART
cblr-10941	1168	15	fund	fund	VERB
cblr-10941	1168	16	long	long	ADJ
cblr-10941	1168	17	-	-	PUNCT
cblr-10941	1168	18	term	term	NOUN
cblr-10941	1168	19	innovation	innovation	NOUN
cblr-10941	1168	20	.	.	PUNCT
cblr-10941	1169	1	first	first	ADV
cblr-10941	1169	2	,	,	PUNCT
cblr-10941	1169	3	it	it	PRON
cblr-10941	1169	4	makes	make	VERB
cblr-10941	1169	5	r&d	r&d	NOUN
cblr-10941	1169	6	vulnerable	vulnerable	ADJ
cblr-10941	1169	7	to	to	ADP
cblr-10941	1169	8	political	political	ADJ
cblr-10941	1169	9	headwinds	headwind	NOUN
cblr-10941	1169	10	.	.	PUNCT
cblr-10941	1170	1	if	if	SCONJ
cblr-10941	1170	2	regulators	regulator	NOUN
cblr-10941	1170	3	decide	decide	VERB
cblr-10941	1170	4	to	to	PART
cblr-10941	1170	5	break	break	VERB
cblr-10941	1170	6	up	up	ADP
cblr-10941	1170	7	the	the	DET
cblr-10941	1170	8	tech	tech	NOUN
cblr-10941	1170	9	giants	giant	NOUN
cblr-10941	1170	10	—	—	PUNCT
cblr-10941	1170	11	as	as	SCONJ
cblr-10941	1170	12	some	some	DET
cblr-10941	1170	13	scholars	scholar	NOUN
cblr-10941	1170	14	and	and	CCONJ
cblr-10941	1170	15	policymakers	policymaker	NOUN
cblr-10941	1170	16	have	have	VERB
cblr-10941	1170	17	proposed356	proposed356	NOUN
cblr-10941	1170	18	—	—	PUNCT
cblr-10941	1170	19	the	the	DET
cblr-10941	1170	20	cash	cash	NOUN
cblr-10941	1170	21	flowing	flow	VERB
cblr-10941	1170	22	into	into	ADP
cblr-10941	1170	23	r&d	r&d	NOUN
cblr-10941	1170	24	investments	investment	NOUN
cblr-10941	1170	25	may	may	AUX
cblr-10941	1170	26	dry	dry	VERB
cblr-10941	1170	27	up	up	ADP
cblr-10941	1170	28	.	.	PUNCT
cblr-10941	1171	1	even	even	ADV
cblr-10941	1171	2	more	more	ADV
cblr-10941	1171	3	modest	modest	ADJ
cblr-10941	1171	4	antitrust	antitrust	ADJ
cblr-10941	1171	5	enforcement	enforcement	NOUN
cblr-10941	1171	6	might	might	AUX
cblr-10941	1171	7	erode	erode	VERB
cblr-10941	1171	8	the	the	DET
cblr-10941	1171	9	tech	tech	NOUN
cblr-10941	1171	10	companies	company	NOUN
cblr-10941	1171	11	’	'	PUNCT
cblr-10941	1171	12	insulation	insulation	NOUN
cblr-10941	1171	13	from	from	ADP
cblr-10941	1171	14	shareholder	shareholder	NOUN
cblr-10941	1171	15	pressure	pressure	NOUN
cblr-10941	1171	16	and	and	CCONJ
cblr-10941	1171	17	lead	lead	VERB
cblr-10941	1171	18	them	they	PRON
cblr-10941	1171	19	to	to	PART
cblr-10941	1171	20	focus	focus	VERB
cblr-10941	1171	21	more	more	ADV
cblr-10941	1171	22	on	on	ADP
cblr-10941	1171	23	short	short	ADJ
cblr-10941	1171	24	-	-	PUNCT
cblr-10941	1171	25	term	term	NOUN
cblr-10941	1171	26	profits	profit	NOUN
cblr-10941	1171	27	.	.	PUNCT
cblr-10941	1172	1	in	in	ADP
cblr-10941	1172	2	addition	addition	NOUN
cblr-10941	1172	3	to	to	ADP
cblr-10941	1172	4	the	the	DET
cblr-10941	1172	5	potential	potential	ADJ
cblr-10941	1172	6	economic	economic	ADJ
cblr-10941	1172	7	and	and	CCONJ
cblr-10941	1172	8	political	political	ADJ
cblr-10941	1172	9	costs	cost	NOUN
cblr-10941	1172	10	of	of	ADP
cblr-10941	1172	11	monopoly	monopoly	NOUN
cblr-10941	1172	12	power	power	NOUN
cblr-10941	1172	13	,	,	PUNCT
cblr-10941	1172	14	there	there	PRON
cblr-10941	1172	15	may	may	AUX
cblr-10941	1172	16	be	be	AUX
cblr-10941	1172	17	indirect	indirect	ADJ
cblr-10941	1172	18	costs	cost	NOUN
cblr-10941	1172	19	to	to	ADP
cblr-10941	1172	20	concentrating	concentrate	VERB
cblr-10941	1172	21	long	long	ADJ
cblr-10941	1172	22	-	-	PUNCT
cblr-10941	1172	23	term	term	NOUN
cblr-10941	1172	24	technological	technological	ADJ
cblr-10941	1172	25	development	development	NOUN
cblr-10941	1172	26	in	in	ADP
cblr-10941	1172	27	such	such	DET
cblr-10941	1172	28	a	a	DET
cblr-10941	1172	29	small	small	ADJ
cblr-10941	1172	30	number	number	NOUN
cblr-10941	1172	31	of	of	ADP
cblr-10941	1172	32	companies	company	NOUN
cblr-10941	1172	33	.	.	PUNCT
cblr-10941	1173	1	a	a	DET
cblr-10941	1173	2	few	few	ADJ
cblr-10941	1173	3	executives	executive	NOUN
cblr-10941	1173	4	have	have	VERB
cblr-10941	1173	5	control	control	NOUN
cblr-10941	1173	6	over	over	ADP
cblr-10941	1173	7	which	which	PRON
cblr-10941	1173	8	projects	project	NOUN
cblr-10941	1173	9	get	get	AUX
cblr-10941	1173	10	funded	fund	VERB
cblr-10941	1173	11	,	,	PUNCT
cblr-10941	1173	12	and	and	CCONJ
cblr-10941	1173	13	their	their	PRON
cblr-10941	1173	14	biases	bias	NOUN
cblr-10941	1173	15	may	may	AUX
cblr-10941	1173	16	influence	influence	VERB
cblr-10941	1173	17	the	the	DET
cblr-10941	1173	18	direction	direction	NOUN
cblr-10941	1173	19	of	of	ADP
cblr-10941	1173	20	technological	technological	ADJ
cblr-10941	1173	21	progress	progress	NOUN
cblr-10941	1173	22	.	.	PUNCT
cblr-10941	1174	1	venture	venture	NOUN
cblr-10941	1174	2	carveouts	carveout	NOUN
cblr-10941	1174	3	offer	offer	VERB
cblr-10941	1174	4	a	a	DET
cblr-10941	1174	5	strategy	strategy	NOUN
cblr-10941	1174	6	for	for	ADP
cblr-10941	1174	7	large	large	ADJ
cblr-10941	1174	8	-	-	PUNCT
cblr-10941	1174	9	but	but	CCONJ
cblr-10941	1174	10	-	-	PUNCT
cblr-10941	1174	11	not	not	PART
cblr-10941	1174	12	-	-	PUNCT
cblr-10941	1174	13	giant	giant	ADJ
cblr-10941	1174	14	companies	company	NOUN
cblr-10941	1174	15	—	—	PUNCT
cblr-10941	1174	16	like	like	ADP
cblr-10941	1174	17	gm	gm	PROPN
cblr-10941	1174	18	—	—	PUNCT
cblr-10941	1174	19	to	to	PART
cblr-10941	1174	20	compete	compete	VERB
cblr-10941	1174	21	with	with	ADP
cblr-10941	1174	22	the	the	DET
cblr-10941	1174	23	tech	tech	NOUN
cblr-10941	1174	24	giants	giant	NOUN
cblr-10941	1174	25	on	on	ADP
cblr-10941	1174	26	long	long	ADJ
cblr-10941	1174	27	-	-	PUNCT
cblr-10941	1174	28	term	term	NOUN
cblr-10941	1174	29	innovation	innovation	NOUN
cblr-10941	1174	30	.	.	PUNCT
cblr-10941	1175	1	the	the	DET
cblr-10941	1175	2	parents	parent	NOUN
cblr-10941	1175	3	of	of	ADP
cblr-10941	1175	4	a	a	DET
cblr-10941	1175	5	carveout	carveout	NOUN
cblr-10941	1175	6	need	need	VERB
cblr-10941	1175	7	to	to	PART
cblr-10941	1175	8	be	be	AUX
cblr-10941	1175	9	large	large	ADJ
cblr-10941	1175	10	enough	enough	ADV
cblr-10941	1175	11	to	to	PART
cblr-10941	1175	12	contribute	contribute	VERB
cblr-10941	1175	13	a	a	DET
cblr-10941	1175	14	significant	significant	ADJ
cblr-10941	1175	15	amount	amount	NOUN
cblr-10941	1175	16	of	of	ADP
cblr-10941	1175	17	capital	capital	NOUN
cblr-10941	1175	18	.	.	PUNCT
cblr-10941	1176	1	at	at	ADV
cblr-10941	1176	2	least	least	ADJ
cblr-10941	1176	3	one	one	NUM
cblr-10941	1176	4	of	of	ADP
cblr-10941	1176	5	the	the	DET
cblr-10941	1176	6	carveout	carveout	NOUN
cblr-10941	1176	7	’s	’s	PART
cblr-10941	1176	8	parents	parent	NOUN
cblr-10941	1176	9	also	also	ADV
cblr-10941	1176	10	needs	need	VERB
cblr-10941	1176	11	to	to	PART
cblr-10941	1176	12	have	have	VERB
cblr-10941	1176	13	other	other	ADJ
cblr-10941	1176	14	assets	asset	NOUN
cblr-10941	1176	15	to	to	PART
cblr-10941	1176	16	contribute	contribute	VERB
cblr-10941	1176	17	—	—	PUNCT
cblr-10941	1176	18	talent	talent	NOUN
cblr-10941	1176	19	,	,	PUNCT
cblr-10941	1176	20	equipment	equipment	NOUN
cblr-10941	1176	21	,	,	PUNCT
cblr-10941	1176	22	intellectual	intellectual	ADJ
cblr-10941	1176	23	property	property	NOUN
cblr-10941	1176	24	—	—	PUNCT
cblr-10941	1176	25	to	to	PART
cblr-10941	1176	26	make	make	VERB
cblr-10941	1176	27	it	it	PRON
cblr-10941	1176	28	more	more	ADJ
cblr-10941	1176	29	than	than	ADP
cblr-10941	1176	30	just	just	ADV
cblr-10941	1176	31	an	an	DET
cblr-10941	1176	32	investor	investor	NOUN
cblr-10941	1176	33	.	.	PUNCT
cblr-10941	1177	1	the	the	DET
cblr-10941	1177	2	critical	critical	ADJ
cblr-10941	1177	3	advantage	advantage	NOUN
cblr-10941	1177	4	of	of	ADP
cblr-10941	1177	5	venture	venture	NOUN
cblr-10941	1177	6	carveouts	carveout	NOUN
cblr-10941	1177	7	,	,	PUNCT
cblr-10941	1177	8	though	though	ADV
cblr-10941	1177	9	,	,	PUNCT
cblr-10941	1177	10	is	be	AUX
cblr-10941	1177	11	that	that	SCONJ
cblr-10941	1177	12	the	the	DET
cblr-10941	1177	13	parent	parent	NOUN
cblr-10941	1177	14	’s	’s	PART
cblr-10941	1177	15	shareholders	shareholder	NOUN
cblr-10941	1177	16	do	do	AUX
cblr-10941	1177	17	n’t	not	PART
cblr-10941	1177	18	need	need	VERB
cblr-10941	1177	19	to	to	PART
cblr-10941	1177	20	trust	trust	VERB
cblr-10941	1177	21	the	the	DET
cblr-10941	1177	22	parent	parent	NOUN
cblr-10941	1177	23	’s	’s	PART
cblr-10941	1177	24	managers	manager	NOUN
cblr-10941	1177	25	to	to	PART
cblr-10941	1177	26	fund	fund	VERB
cblr-10941	1177	27	the	the	DET
cblr-10941	1177	28	whole	whole	ADJ
cblr-10941	1177	29	project	project	NOUN
cblr-10941	1177	30	indefinitely	indefinitely	ADV
cblr-10941	1177	31	.	.	PUNCT
cblr-10941	1178	1	to	to	PART
cblr-10941	1178	2	be	be	AUX
cblr-10941	1178	3	sure	sure	ADJ
cblr-10941	1178	4	,	,	PUNCT
cblr-10941	1178	5	the	the	DET
cblr-10941	1178	6	venture	venture	NOUN
cblr-10941	1178	7	355	355	NUM
cblr-10941	1178	8	see	see	NOUN
cblr-10941	1178	9	roe	roe	NOUN
cblr-10941	1178	10	,	,	PUNCT
cblr-10941	1178	11	supra	supra	PROPN
cblr-10941	1178	12	note	note	PROPN
cblr-10941	1178	13	13	13	NUM
cblr-10941	1178	14	,	,	PUNCT
cblr-10941	1178	15	at	at	ADP
cblr-10941	1178	16	98–100	98–100	PROPN
cblr-10941	1178	17	.	.	PUNCT
cblr-10941	1179	1	356	356	NUM
cblr-10941	1179	2	see	see	VERB
cblr-10941	1179	3	tim	tim	PROPN
cblr-10941	1179	4	wu	wu	PROPN
cblr-10941	1179	5	,	,	PUNCT
cblr-10941	1179	6	the	the	DET
cblr-10941	1179	7	curse	curse	NOUN
cblr-10941	1179	8	of	of	ADP
cblr-10941	1179	9	bigness	bigness	ADV
cblr-10941	1179	10	:	:	PUNCT
cblr-10941	1179	11	antitrust	antitrust	ADJ
cblr-10941	1179	12	in	in	ADP
cblr-10941	1179	13	the	the	DET
cblr-10941	1179	14	new	new	ADJ
cblr-10941	1179	15	gilded	gild	VERB
cblr-10941	1179	16	age	age	NOUN
cblr-10941	1179	17	132	132	NUM
cblr-10941	1179	18	-	-	SYM
cblr-10941	1179	19	33	33	NUM
cblr-10941	1179	20	(	(	PUNCT
cblr-10941	1179	21	2018	2018	NUM
cblr-10941	1179	22	)	)	PUNCT
cblr-10941	1179	23	;	;	PUNCT
cblr-10941	1180	1	steven	steven	PROPN
cblr-10941	1180	2	c.	c.	PROPN
cblr-10941	1180	3	salop	salop	PROPN
cblr-10941	1180	4	,	,	PUNCT
cblr-10941	1180	5	invigorating	invigorate	VERB
cblr-10941	1180	6	vertical	vertical	ADJ
cblr-10941	1180	7	merger	merger	NOUN
cblr-10941	1180	8	enforcement	enforcement	NOUN
cblr-10941	1180	9	,	,	PUNCT
cblr-10941	1180	10	127	127	NUM
cblr-10941	1180	11	yale	yale	PROPN
cblr-10941	1180	12	l.j	l.j	PROPN
cblr-10941	1180	13	.	.	PROPN
cblr-10941	1180	14	1962	1962	NUM
cblr-10941	1180	15	,	,	PUNCT
cblr-10941	1180	16	1982	1982	NUM
cblr-10941	1180	17	(	(	PUNCT
cblr-10941	1180	18	2018	2018	NUM
cblr-10941	1180	19	)	)	PUNCT
cblr-10941	1180	20	;	;	PUNCT
cblr-10941	1180	21	lina	lina	PROPN
cblr-10941	1180	22	m.	m.	PROPN
cblr-10941	1180	23	khan	khan	PROPN
cblr-10941	1180	24	,	,	PUNCT
cblr-10941	1180	25	note	note	NOUN
cblr-10941	1180	26	,	,	PUNCT
cblr-10941	1180	27	amazon	amazon	PROPN
cblr-10941	1180	28	’s	’s	PART
cblr-10941	1180	29	antitrust	antitrust	ADJ
cblr-10941	1180	30	paradox	paradox	NOUN
cblr-10941	1180	31	,	,	PUNCT
cblr-10941	1180	32	126	126	NUM
cblr-10941	1180	33	yale	yale	PROPN
cblr-10941	1180	34	l.j	l.j	PROPN
cblr-10941	1180	35	.	.	PROPN
cblr-10941	1180	36	710	710	NUM
cblr-10941	1180	37	,	,	PUNCT
cblr-10941	1180	38	800	800	NUM
cblr-10941	1180	39	(	(	PUNCT
cblr-10941	1180	40	2017	2017	NUM
cblr-10941	1180	41	)	)	PUNCT
cblr-10941	1180	42	.	.	PUNCT
cblr-10941	1181	1	no	no	INTJ
cblr-10941	1181	2	.	.	PUNCT
cblr-10941	1182	1	2:859	2:859	NUM
cblr-10941	1182	2	]	]	X
cblr-10941	1182	3	moonshots	moonshot	NOUN
cblr-10941	1182	4	933	933	NUM
cblr-10941	1182	5	carveout	carveout	NOUN
cblr-10941	1182	6	structure	structure	NOUN
cblr-10941	1182	7	can	can	AUX
cblr-10941	1182	8	be	be	AUX
cblr-10941	1182	9	useful	useful	ADJ
cblr-10941	1182	10	for	for	ADP
cblr-10941	1182	11	tech	tech	NOUN
cblr-10941	1182	12	giants	giant	NOUN
cblr-10941	1182	13	too	too	ADV
cblr-10941	1182	14	,	,	PUNCT
cblr-10941	1182	15	as	as	SCONJ
cblr-10941	1182	16	waymo	waymo	ADJ
cblr-10941	1182	17	illustrates	illustrate	VERB
cblr-10941	1182	18	.	.	PUNCT
cblr-10941	1183	1	but	but	CCONJ
cblr-10941	1183	2	alphabet	alphabet	PROPN
cblr-10941	1183	3	did	do	VERB
cblr-10941	1183	4	n’t	not	PART
cblr-10941	1183	5	separate	separate	VERB
cblr-10941	1183	6	waymo	waymo	NOUN
cblr-10941	1183	7	into	into	ADP
cblr-10941	1183	8	an	an	DET
cblr-10941	1183	9	independent	independent	ADJ
cblr-10941	1183	10	subsidiary	subsidiary	NOUN
cblr-10941	1183	11	for	for	ADP
cblr-10941	1183	12	the	the	DET
cblr-10941	1183	13	first	first	ADJ
cblr-10941	1183	14	six	six	NUM
cblr-10941	1183	15	years	year	NOUN
cblr-10941	1183	16	of	of	ADP
cblr-10941	1183	17	its	its	PRON
cblr-10941	1183	18	av	av	PROPN
cblr-10941	1183	19	program,357	program,357	PROPN
cblr-10941	1183	20	and	and	CCONJ
cblr-10941	1183	21	it	it	PRON
cblr-10941	1183	22	did	do	AUX
cblr-10941	1183	23	n’t	not	PART
cblr-10941	1183	24	raise	raise	VERB
cblr-10941	1183	25	outside	outside	ADP
cblr-10941	1183	26	capital	capital	NOUN
cblr-10941	1183	27	for	for	ADP
cblr-10941	1183	28	roughly	roughly	ADV
cblr-10941	1183	29	the	the	DET
cblr-10941	1183	30	first	first	ADJ
cblr-10941	1183	31	decade	decade	NOUN
cblr-10941	1183	32	.	.	PUNCT
cblr-10941	1184	1	carveouts	carveout	NOUN
cblr-10941	1184	2	are	be	AUX
cblr-10941	1184	3	more	more	ADV
cblr-10941	1184	4	useful	useful	ADJ
cblr-10941	1184	5	for	for	SCONJ
cblr-10941	1184	6	the	the	DET
cblr-10941	1184	7	underdogs.358	underdogs.358	PROPN
cblr-10941	1184	8	joseph	joseph	PROPN
cblr-10941	1184	9	schumpeter	schumpeter	PROPN
cblr-10941	1184	10	described	describe	VERB
cblr-10941	1184	11	capitalism	capitalism	NOUN
cblr-10941	1184	12	as	as	ADP
cblr-10941	1184	13	a	a	DET
cblr-10941	1184	14	“	"	PUNCT
cblr-10941	1184	15	perennial	perennial	ADJ
cblr-10941	1184	16	gale	gale	NOUN
cblr-10941	1184	17	of	of	ADP
cblr-10941	1184	18	creative	creative	ADJ
cblr-10941	1184	19	destruction	destruction	NOUN
cblr-10941	1184	20	.	.	PUNCT
cblr-10941	1185	1	”359	”359	X
cblr-10941	1185	2	new	new	ADJ
cblr-10941	1185	3	firms	firm	NOUN
cblr-10941	1185	4	develop	develop	VERB
cblr-10941	1185	5	new	new	ADJ
cblr-10941	1185	6	technologies	technology	NOUN
cblr-10941	1185	7	and	and	CCONJ
cblr-10941	1185	8	new	new	ADJ
cblr-10941	1185	9	business	business	NOUN
cblr-10941	1185	10	models	model	NOUN
cblr-10941	1185	11	,	,	PUNCT
cblr-10941	1185	12	destroy	destroy	VERB
cblr-10941	1185	13	incumbent	incumbent	ADJ
cblr-10941	1185	14	firms	firm	NOUN
cblr-10941	1185	15	,	,	PUNCT
cblr-10941	1185	16	and	and	CCONJ
cblr-10941	1185	17	deliver	deliver	VERB
cblr-10941	1185	18	progress	progress	NOUN
cblr-10941	1185	19	.	.	PUNCT
cblr-10941	1186	1	the	the	DET
cblr-10941	1186	2	past	past	ADJ
cblr-10941	1186	3	fifty	fifty	NUM
cblr-10941	1186	4	years	year	NOUN
cblr-10941	1186	5	of	of	ADP
cblr-10941	1186	6	technological	technological	ADJ
cblr-10941	1186	7	development	development	NOUN
cblr-10941	1186	8	offers	offer	VERB
cblr-10941	1186	9	plenty	plenty	NOUN
cblr-10941	1186	10	of	of	ADP
cblr-10941	1186	11	examples	example	NOUN
cblr-10941	1186	12	that	that	PRON
cblr-10941	1186	13	fit	fit	ADJ
cblr-10941	1186	14	schumpeter	schumpeter	NOUN
cblr-10941	1186	15	’s	’s	PART
cblr-10941	1186	16	vision	vision	NOUN
cblr-10941	1186	17	.	.	PUNCT
cblr-10941	1187	1	at&t	at&t	PROPN
cblr-10941	1187	2	,	,	PUNCT
cblr-10941	1187	3	xerox	xerox	PROPN
cblr-10941	1187	4	,	,	PUNCT
cblr-10941	1187	5	and	and	CCONJ
cblr-10941	1187	6	ibm	ibm	PROPN
cblr-10941	1187	7	still	still	ADV
cblr-10941	1187	8	exist	exist	VERB
cblr-10941	1187	9	as	as	ADP
cblr-10941	1187	10	public	public	ADJ
cblr-10941	1187	11	companies	company	NOUN
cblr-10941	1187	12	,	,	PUNCT
cblr-10941	1187	13	but	but	CCONJ
cblr-10941	1187	14	they	they	PRON
cblr-10941	1187	15	have	have	AUX
cblr-10941	1187	16	been	be	AUX
cblr-10941	1187	17	eclipsed	eclipse	VERB
cblr-10941	1187	18	by	by	ADP
cblr-10941	1187	19	companies	company	NOUN
cblr-10941	1187	20	that	that	PRON
cblr-10941	1187	21	developed	develop	VERB
cblr-10941	1187	22	operating	operating	NOUN
cblr-10941	1187	23	systems	system	NOUN
cblr-10941	1187	24	,	,	PUNCT
cblr-10941	1187	25	search	search	NOUN
cblr-10941	1187	26	engines	engine	NOUN
cblr-10941	1187	27	,	,	PUNCT
cblr-10941	1187	28	ecommerce	ecommerce	PROPN
cblr-10941	1187	29	,	,	PUNCT
cblr-10941	1187	30	smartphones	smartphone	NOUN
cblr-10941	1187	31	,	,	PUNCT
cblr-10941	1187	32	and	and	CCONJ
cblr-10941	1187	33	social	social	ADJ
cblr-10941	1187	34	networks	network	NOUN
cblr-10941	1187	35	.	.	PUNCT
cblr-10941	1188	1	however	however	ADV
cblr-10941	1188	2	,	,	PUNCT
cblr-10941	1188	3	the	the	DET
cblr-10941	1188	4	current	current	ADJ
cblr-10941	1188	5	tech	tech	NOUN
cblr-10941	1188	6	giants	giant	NOUN
cblr-10941	1188	7	have	have	AUX
cblr-10941	1188	8	now	now	ADV
cblr-10941	1188	9	been	be	AUX
cblr-10941	1188	10	dominant	dominant	ADJ
cblr-10941	1188	11	for	for	ADP
cblr-10941	1188	12	many	many	ADJ
cblr-10941	1188	13	years	year	NOUN
cblr-10941	1188	14	.	.	PUNCT
cblr-10941	1189	1	if	if	SCONJ
cblr-10941	1189	2	the	the	DET
cblr-10941	1189	3	next	next	ADJ
cblr-10941	1189	4	generation	generation	NOUN
cblr-10941	1189	5	of	of	ADP
cblr-10941	1189	6	transformative	transformative	ADJ
cblr-10941	1189	7	technologies	technology	NOUN
cblr-10941	1189	8	require	require	VERB
cblr-10941	1189	9	moonshots	moonshot	NOUN
cblr-10941	1189	10	—	—	PUNCT
cblr-10941	1189	11	and	and	CCONJ
cblr-10941	1189	12	neither	neither	PRON
cblr-10941	1189	13	vc	vc	PROPN
cblr-10941	1189	14	markets	market	NOUN
cblr-10941	1189	15	nor	nor	CCONJ
cblr-10941	1189	16	more	more	ADV
cblr-10941	1189	17	modestly	modestly	ADV
cblr-10941	1189	18	sized	sized	ADJ
cblr-10941	1189	19	companies	company	NOUN
cblr-10941	1189	20	are	be	AUX
cblr-10941	1189	21	able	able	ADJ
cblr-10941	1189	22	to	to	PART
cblr-10941	1189	23	fund	fund	VERB
cblr-10941	1189	24	them	they	PRON
cblr-10941	1189	25	—	—	PUNCT
cblr-10941	1189	26	then	then	ADV
cblr-10941	1189	27	the	the	DET
cblr-10941	1189	28	tech	tech	NOUN
cblr-10941	1189	29	giants	giant	NOUN
cblr-10941	1189	30	’	'	PUNCT
cblr-10941	1189	31	ability	ability	NOUN
cblr-10941	1189	32	to	to	PART
cblr-10941	1189	33	fund	fund	VERB
cblr-10941	1189	34	moonshots	moonshot	NOUN
cblr-10941	1189	35	may	may	AUX
cblr-10941	1189	36	help	help	VERB
cblr-10941	1189	37	them	they	PRON
cblr-10941	1189	38	remain	remain	VERB
cblr-10941	1189	39	dominant	dominant	ADJ
cblr-10941	1189	40	.	.	PUNCT
cblr-10941	1190	1	it	it	PRON
cblr-10941	1190	2	’s	’	VERB
cblr-10941	1190	3	reasonable	reasonable	ADJ
cblr-10941	1190	4	to	to	PART
cblr-10941	1190	5	doubt	doubt	VERB
cblr-10941	1190	6	whether	whether	SCONJ
cblr-10941	1190	7	hidebound	hidebound	ADJ
cblr-10941	1190	8	automakers	automaker	NOUN
cblr-10941	1190	9	like	like	ADP
cblr-10941	1190	10	gm	gm	PROPN
cblr-10941	1190	11	can	can	AUX
cblr-10941	1190	12	compete	compete	VERB
cblr-10941	1190	13	with	with	ADP
cblr-10941	1190	14	innovative	innovative	ADJ
cblr-10941	1190	15	tech	tech	NOUN
cblr-10941	1190	16	firms	firm	NOUN
cblr-10941	1190	17	like	like	ADP
cblr-10941	1190	18	alphabet.360	alphabet.360	VERB
cblr-10941	1190	19	we	we	PRON
cblr-10941	1190	20	have	have	AUX
cblr-10941	1190	21	already	already	ADV
cblr-10941	1190	22	seen	see	VERB
cblr-10941	1190	23	that	that	SCONJ
cblr-10941	1190	24	ford	ford	PROPN
cblr-10941	1190	25	and	and	CCONJ
cblr-10941	1190	26	volkswagen	volkswagen	PROPN
cblr-10941	1190	27	gave	give	VERB
cblr-10941	1190	28	up	up	ADP
cblr-10941	1190	29	.	.	PUNCT
cblr-10941	1191	1	but	but	CCONJ
cblr-10941	1191	2	venture	venture	NOUN
cblr-10941	1191	3	carveouts	carveout	NOUN
cblr-10941	1191	4	give	give	VERB
cblr-10941	1191	5	the	the	DET
cblr-10941	1191	6	competition	competition	NOUN
cblr-10941	1191	7	a	a	DET
cblr-10941	1191	8	fighting	fighting	NOUN
cblr-10941	1191	9	chance	chance	NOUN
cblr-10941	1191	10	.	.	PUNCT
cblr-10941	1192	1	357	357	NUM
cblr-10941	1192	2	see	see	VERB
cblr-10941	1192	3	daisuke	daisuke	PROPN
cblr-10941	1192	4	wakabayashi	wakabayashi	PROPN
cblr-10941	1192	5	,	,	PUNCT
cblr-10941	1192	6	google	google	PROPN
cblr-10941	1192	7	parent	parent	NOUN
cblr-10941	1192	8	company	company	NOUN
cblr-10941	1192	9	spins	spin	VERB
cblr-10941	1192	10	off	off	ADP
cblr-10941	1192	11	selfdriving	selfdrive	VERB
cblr-10941	1192	12	car	car	NOUN
cblr-10941	1192	13	business	business	NOUN
cblr-10941	1192	14	,	,	PUNCT
cblr-10941	1192	15	n.y	n.y	PROPN
cblr-10941	1192	16	.	.	PROPN
cblr-10941	1192	17	times	times	PROPN
cblr-10941	1192	18	(	(	PUNCT
cblr-10941	1192	19	dec	dec	PROPN
cblr-10941	1192	20	.	.	PROPN
cblr-10941	1192	21	13	13	NUM
cblr-10941	1192	22	,	,	PUNCT
cblr-10941	1192	23	2016	2016	NUM
cblr-10941	1192	24	)	)	PUNCT
cblr-10941	1192	25	,	,	PUNCT
cblr-10941	1192	26	https://www.nytimes.com/2016/12/13/technology/google-parent-companyspins-off-waymo-self-driving-car-business.html	https://www.nytimes.com/2016/12/13/technology/google-parent-companyspins-off-waymo-self-driving-car-business.html	PUNCT
cblr-10941	1193	1	[	[	X
cblr-10941	1193	2	https://perma.cc/dc7gac3u	https://perma.cc/dc7gac3u	X
cblr-10941	1193	3	]	]	PUNCT
cblr-10941	1193	4	.	.	PUNCT
cblr-10941	1194	1	358	358	NUM
cblr-10941	1194	2	see	see	VERB
cblr-10941	1194	3	daisuke	daisuke	PROPN
cblr-10941	1194	4	wakabayashi	wakabayashi	PROPN
cblr-10941	1194	5	,	,	PUNCT
cblr-10941	1194	6	waymo	waymo	NOUN
cblr-10941	1194	7	includes	include	VERB
cblr-10941	1194	8	outsiders	outsider	NOUN
cblr-10941	1194	9	in	in	ADP
cblr-10941	1194	10	$	$	SYM
cblr-10941	1194	11	2.25	2.25	NUM
cblr-10941	1194	12	billion	billion	NUM
cblr-10941	1194	13	investment	investment	NOUN
cblr-10941	1194	14	round	round	NOUN
cblr-10941	1194	15	,	,	PUNCT
cblr-10941	1194	16	n.y	n.y	PROPN
cblr-10941	1194	17	.	.	PROPN
cblr-10941	1194	18	times	times	PROPN
cblr-10941	1194	19	(	(	PUNCT
cblr-10941	1194	20	mar	mar	PROPN
cblr-10941	1194	21	.	.	PROPN
cblr-10941	1194	22	2	2	NUM
cblr-10941	1194	23	,	,	PUNCT
cblr-10941	1194	24	2020	2020	NUM
cblr-10941	1194	25	)	)	PUNCT
cblr-10941	1194	26	,	,	PUNCT
cblr-10941	1194	27	https://www.nytimes.com/2020/03/02/technology/waymo-outsideinvestors.html	https://www.nytimes.com/2020/03/02/technology/waymo-outsideinvestors.html	PROPN
cblr-10941	1195	1	[	[	X
cblr-10941	1195	2	https://perma.cc/a4ry-fy8k	https://perma.cc/a4ry-fy8k	X
cblr-10941	1195	3	]	]	X
cblr-10941	1195	4	.	.	PUNCT
cblr-10941	1195	5	359	359	NUM
cblr-10941	1195	6	joseph	joseph	PROPN
cblr-10941	1195	7	a.	a.	PROPN
cblr-10941	1195	8	schumpeter	schumpeter	PROPN
cblr-10941	1195	9	,	,	PUNCT
cblr-10941	1195	10	capitalism	capitalism	NOUN
cblr-10941	1195	11	,	,	PUNCT
cblr-10941	1195	12	socialism	socialism	NOUN
cblr-10941	1195	13	and	and	CCONJ
cblr-10941	1195	14	democracy	democracy	NOUN
cblr-10941	1195	15	84	84	NUM
cblr-10941	1195	16	(	(	PUNCT
cblr-10941	1195	17	1947	1947	NUM
cblr-10941	1195	18	)	)	PUNCT
cblr-10941	1195	19	.	.	PUNCT
cblr-10941	1196	1	360	360	NUM
cblr-10941	1196	2	see	see	VERB
cblr-10941	1196	3	brad	brad	PROPN
cblr-10941	1196	4	templeton	templeton	PROPN
cblr-10941	1196	5	,	,	PUNCT
cblr-10941	1196	6	gm	gm	PROPN
cblr-10941	1196	7	/	/	SYM
cblr-10941	1196	8	cruise	cruise	PROPN
cblr-10941	1196	9	leaks	leak	NOUN
cblr-10941	1196	10	show	show	VERB
cblr-10941	1196	11	them	they	PRON
cblr-10941	1196	12	ridiculously	ridiculously	ADV
cblr-10941	1196	13	behind	behind	ADP
cblr-10941	1196	14	waymo	waymo	NOUN
cblr-10941	1196	15	.	.	PUNCT
cblr-10941	1197	1	it	it	PRON
cblr-10941	1197	2	’s	’	VERB
cblr-10941	1197	3	time	time	NOUN
cblr-10941	1197	4	for	for	ADP
cblr-10941	1197	5	better	well	ADJ
cblr-10941	1197	6	,	,	PUNCT
cblr-10941	1197	7	more	more	ADV
cblr-10941	1197	8	public	public	ADJ
cblr-10941	1197	9	metrics	metric	NOUN
cblr-10941	1197	10	,	,	PUNCT
cblr-10941	1197	11	forbes	forbes	X
cblr-10941	1197	12	(	(	PUNCT
cblr-10941	1197	13	june	june	PROPN
cblr-10941	1197	14	10	10	NUM
cblr-10941	1197	15	,	,	PUNCT
cblr-10941	1197	16	2019	2019	NUM
cblr-10941	1197	17	,	,	PUNCT
cblr-10941	1197	18	7:45	7:45	NUM
cblr-10941	1197	19	am	am	NOUN
cblr-10941	1197	20	)	)	PUNCT
cblr-10941	1197	21	,	,	PUNCT
cblr-10941	1197	22	https://www.forbes.com/sites/bradtempleton/2019/06/10/gmcruise-leaksshow-them-ridiculously-behind-waymo-its-time-for-better-more-publicmetrics/.	https://www.forbes.com/sites/bradtempleton/2019/06/10/gmcruise-leaksshow-them-ridiculously-behind-waymo-its-time-for-better-more-publicmetrics/.	NOUN
cblr-10941	1197	23	.	.	PUNCT
cblr-10941	1197	24	.sh	.sh	PUNCT
cblr-10941	1198	1	=	=	PRON
cblr-10941	1198	2	b60f0ac15b13	b60f0ac15b13	PROPN
cblr-10941	1198	3	[	[	X
cblr-10941	1198	4	https://perma.cc/k4yy-6y4k	https://perma.cc/k4yy-6y4k	PROPN
cblr-10941	1198	5	]	]	PUNCT
cblr-10941	1198	6	.	.	PUNCT
cblr-10941	1199	1	934	934	NUM
cblr-10941	1199	2	columbia	columbia	PROPN
cblr-10941	1199	3	business	business	NOUN
cblr-10941	1199	4	law	law	PROPN
cblr-10941	1199	5	review	review	NOUN
cblr-10941	1199	6	[	[	X
cblr-10941	1199	7	vol	vol	NOUN
cblr-10941	1199	8	.	.	PUNCT
cblr-10941	1199	9	2022	2022	NUM
cblr-10941	1199	10	b.	b.	PROPN
cblr-10941	1199	11	which	which	PRON
cblr-10941	1199	12	technologies	technologie	VERB
cblr-10941	1199	13	?	?	PUNCT
cblr-10941	1200	1	we	we	PRON
cblr-10941	1200	2	know	know	VERB
cblr-10941	1200	3	that	that	SCONJ
cblr-10941	1200	4	venture	venture	NOUN
cblr-10941	1200	5	carveouts	carveout	NOUN
cblr-10941	1200	6	will	will	AUX
cblr-10941	1200	7	be	be	AUX
cblr-10941	1200	8	used	use	VERB
cblr-10941	1200	9	for	for	ADP
cblr-10941	1200	10	moonshots	moonshot	NOUN
cblr-10941	1200	11	—	—	PUNCT
cblr-10941	1200	12	innovation	innovation	NOUN
cblr-10941	1200	13	projects	project	NOUN
cblr-10941	1200	14	with	with	ADP
cblr-10941	1200	15	high	high	ADJ
cblr-10941	1200	16	development	development	NOUN
cblr-10941	1200	17	costs	cost	NOUN
cblr-10941	1200	18	,	,	PUNCT
cblr-10941	1200	19	long	long	ADJ
cblr-10941	1200	20	commercialization	commercialization	NOUN
cblr-10941	1200	21	periods	period	NOUN
cblr-10941	1200	22	,	,	PUNCT
cblr-10941	1200	23	and	and	CCONJ
cblr-10941	1200	24	high	high	ADJ
cblr-10941	1200	25	expected	expect	VERB
cblr-10941	1200	26	returns	return	NOUN
cblr-10941	1200	27	.	.	PUNCT
cblr-10941	1201	1	when	when	SCONJ
cblr-10941	1201	2	development	development	NOUN
cblr-10941	1201	3	costs	cost	NOUN
cblr-10941	1201	4	are	be	AUX
cblr-10941	1201	5	low	low	ADJ
cblr-10941	1201	6	,	,	PUNCT
cblr-10941	1201	7	corporations	corporation	NOUN
cblr-10941	1201	8	do	do	AUX
cblr-10941	1201	9	n’t	not	PART
cblr-10941	1201	10	need	need	VERB
cblr-10941	1201	11	to	to	PART
cblr-10941	1201	12	raise	raise	VERB
cblr-10941	1201	13	capital	capital	NOUN
cblr-10941	1201	14	from	from	ADP
cblr-10941	1201	15	outside	outside	ADJ
cblr-10941	1201	16	investors	investor	NOUN
cblr-10941	1201	17	.	.	PUNCT
cblr-10941	1202	1	when	when	SCONJ
cblr-10941	1202	2	commercialization	commercialization	NOUN
cblr-10941	1202	3	periods	period	NOUN
cblr-10941	1202	4	are	be	AUX
cblr-10941	1202	5	short	short	ADJ
cblr-10941	1202	6	,	,	PUNCT
cblr-10941	1202	7	the	the	DET
cblr-10941	1202	8	vc	vc	PROPN
cblr-10941	1202	9	market	market	NOUN
cblr-10941	1202	10	will	will	AUX
cblr-10941	1202	11	fund	fund	VERB
cblr-10941	1202	12	development	development	NOUN
cblr-10941	1202	13	.	.	PUNCT
cblr-10941	1203	1	when	when	SCONJ
cblr-10941	1203	2	the	the	DET
cblr-10941	1203	3	expected	expect	VERB
cblr-10941	1203	4	returns	return	NOUN
cblr-10941	1203	5	are	be	AUX
cblr-10941	1203	6	modest	modest	ADJ
cblr-10941	1203	7	,	,	PUNCT
cblr-10941	1203	8	profit	profit	NOUN
cblr-10941	1203	9	-	-	PUNCT
cblr-10941	1203	10	seeking	seek	VERB
cblr-10941	1203	11	companies	company	NOUN
cblr-10941	1203	12	wo	will	AUX
cblr-10941	1203	13	n’t	not	PART
cblr-10941	1203	14	invest	invest	VERB
cblr-10941	1203	15	at	at	ADV
cblr-10941	1203	16	all	all	ADV
cblr-10941	1203	17	.	.	PUNCT
cblr-10941	1204	1	are	be	AUX
cblr-10941	1204	2	some	some	DET
cblr-10941	1204	3	moonshots	moonshot	NOUN
cblr-10941	1204	4	more	more	ADV
cblr-10941	1204	5	likely	likely	ADJ
cblr-10941	1204	6	to	to	PART
cblr-10941	1204	7	be	be	AUX
cblr-10941	1204	8	funded	fund	VERB
cblr-10941	1204	9	than	than	ADP
cblr-10941	1204	10	others	other	NOUN
cblr-10941	1204	11	?	?	PUNCT
cblr-10941	1205	1	the	the	DET
cblr-10941	1205	2	experience	experience	NOUN
cblr-10941	1205	3	of	of	ADP
cblr-10941	1205	4	the	the	DET
cblr-10941	1205	5	first	first	ADJ
cblr-10941	1205	6	venture	venture	NOUN
cblr-10941	1205	7	carveouts	carveout	NOUN
cblr-10941	1205	8	suggests	suggest	VERB
cblr-10941	1205	9	that	that	SCONJ
cblr-10941	1205	10	disruptive	disruptive	ADJ
cblr-10941	1205	11	technologies	technology	NOUN
cblr-10941	1205	12	might	might	AUX
cblr-10941	1205	13	be	be	AUX
cblr-10941	1205	14	strong	strong	ADJ
cblr-10941	1205	15	candidates	candidate	NOUN
cblr-10941	1205	16	,	,	PUNCT
cblr-10941	1205	17	contrary	contrary	ADV
cblr-10941	1205	18	to	to	ADP
cblr-10941	1205	19	the	the	DET
cblr-10941	1205	20	conventional	conventional	ADJ
cblr-10941	1205	21	wisdom	wisdom	NOUN
cblr-10941	1205	22	.	.	PUNCT
cblr-10941	1206	1	the	the	DET
cblr-10941	1206	2	term	term	NOUN
cblr-10941	1206	3	“	"	PUNCT
cblr-10941	1206	4	disruptive	disruptive	ADJ
cblr-10941	1206	5	technology	technology	NOUN
cblr-10941	1206	6	”	"	PUNCT
cblr-10941	1206	7	was	be	AUX
cblr-10941	1206	8	coined	coin	VERB
cblr-10941	1206	9	by	by	ADP
cblr-10941	1206	10	business	business	NOUN
cblr-10941	1206	11	scholar	scholar	PROPN
cblr-10941	1206	12	clayton	clayton	PROPN
cblr-10941	1206	13	christensen	christensen	PROPN
cblr-10941	1206	14	in	in	ADP
cblr-10941	1206	15	the	the	DET
cblr-10941	1206	16	late	late	ADJ
cblr-10941	1206	17	1990s.361	1990s.361	PROPN
cblr-10941	1206	18	christensen	christensen	PROPN
cblr-10941	1206	19	argues	argue	VERB
cblr-10941	1206	20	that	that	SCONJ
cblr-10941	1206	21	incumbent	incumbent	ADJ
cblr-10941	1206	22	firms	firm	NOUN
cblr-10941	1206	23	predictably	predictably	ADV
cblr-10941	1206	24	neglect	neglect	VERB
cblr-10941	1206	25	the	the	DET
cblr-10941	1206	26	risk	risk	NOUN
cblr-10941	1206	27	that	that	SCONJ
cblr-10941	1206	28	their	their	PRON
cblr-10941	1206	29	businesses	business	NOUN
cblr-10941	1206	30	will	will	AUX
cblr-10941	1206	31	be	be	AUX
cblr-10941	1206	32	disrupted.362	disrupted.362	ADJ
cblr-10941	1206	33	they	they	PRON
cblr-10941	1206	34	focus	focus	VERB
cblr-10941	1206	35	on	on	ADP
cblr-10941	1206	36	developing	develop	VERB
cblr-10941	1206	37	“	"	PUNCT
cblr-10941	1206	38	sustaining	sustain	VERB
cblr-10941	1206	39	technologies”—technologies	technologies”—technologie	NOUN
cblr-10941	1206	40	that	that	PRON
cblr-10941	1206	41	“	"	PUNCT
cblr-10941	1206	42	improve	improve	VERB
cblr-10941	1206	43	the	the	DET
cblr-10941	1206	44	performance	performance	NOUN
cblr-10941	1206	45	of	of	ADP
cblr-10941	1206	46	established	establish	VERB
cblr-10941	1206	47	products	product	NOUN
cblr-10941	1206	48	,	,	PUNCT
cblr-10941	1206	49	along	along	ADP
cblr-10941	1206	50	the	the	DET
cblr-10941	1206	51	dimensions	dimension	NOUN
cblr-10941	1206	52	of	of	ADP
cblr-10941	1206	53	performance	performance	NOUN
cblr-10941	1206	54	that	that	PRON
cblr-10941	1206	55	mainstream	mainstream	NOUN
cblr-10941	1206	56	customers	customer	NOUN
cblr-10941	1206	57	in	in	ADP
cblr-10941	1206	58	major	major	ADJ
cblr-10941	1206	59	markets	market	NOUN
cblr-10941	1206	60	have	have	AUX
cblr-10941	1206	61	historically	historically	ADV
cblr-10941	1206	62	valued	value	VERB
cblr-10941	1206	63	.	.	PUNCT
cblr-10941	1207	1	”363	”363	ADV
cblr-10941	1207	2	they	they	PRON
cblr-10941	1207	3	disregard	disregard	VERB
cblr-10941	1207	4	disruptive	disruptive	ADJ
cblr-10941	1207	5	technologies	technology	NOUN
cblr-10941	1207	6	,	,	PUNCT
cblr-10941	1207	7	which	which	DET
cblr-10941	1207	8	“	"	PUNCT
cblr-10941	1207	9	underperform	underperform	NOUN
cblr-10941	1207	10	established	establish	VERB
cblr-10941	1207	11	products	product	NOUN
cblr-10941	1207	12	in	in	ADP
cblr-10941	1207	13	mainstream	mainstream	NOUN
cblr-10941	1207	14	markets	market	NOUN
cblr-10941	1207	15	”	"	PUNCT
cblr-10941	1207	16	but	but	CCONJ
cblr-10941	1207	17	appeal	appeal	VERB
cblr-10941	1207	18	to	to	ADP
cblr-10941	1207	19	“	"	PUNCT
cblr-10941	1207	20	fringe	fringe	VERB
cblr-10941	1207	21	”	"	PUNCT
cblr-10941	1207	22	customers	customer	NOUN
cblr-10941	1207	23	because	because	SCONJ
cblr-10941	1207	24	they	they	PRON
cblr-10941	1207	25	are	be	AUX
cblr-10941	1207	26	“	"	PUNCT
cblr-10941	1207	27	cheaper	cheap	ADJ
cblr-10941	1207	28	,	,	PUNCT
cblr-10941	1207	29	simpler	simple	ADJ
cblr-10941	1207	30	,	,	PUNCT
cblr-10941	1207	31	smaller	small	ADJ
cblr-10941	1207	32	,	,	PUNCT
cblr-10941	1207	33	and	and	CCONJ
cblr-10941	1207	34	,	,	PUNCT
cblr-10941	1207	35	frequently	frequently	ADV
cblr-10941	1207	36	,	,	PUNCT
cblr-10941	1207	37	more	more	ADV
cblr-10941	1207	38	convenient	convenient	ADJ
cblr-10941	1207	39	to	to	PART
cblr-10941	1207	40	use	use	VERB
cblr-10941	1207	41	.	.	PUNCT
cblr-10941	1207	42	”364	”364	PUNCT
cblr-10941	1208	1	but	but	CCONJ
cblr-10941	1208	2	over	over	ADP
cblr-10941	1208	3	time	time	NOUN
cblr-10941	1208	4	,	,	PUNCT
cblr-10941	1208	5	christensen	christensen	PROPN
cblr-10941	1208	6	contends	contend	VERB
cblr-10941	1208	7	,	,	PUNCT
cblr-10941	1208	8	disruptive	disruptive	ADJ
cblr-10941	1208	9	technologies	technology	NOUN
cblr-10941	1208	10	improve	improve	VERB
cblr-10941	1208	11	in	in	ADP
cblr-10941	1208	12	performance	performance	NOUN
cblr-10941	1208	13	and	and	CCONJ
cblr-10941	1208	14	cannibalize	cannibalize	VERB
cblr-10941	1208	15	the	the	DET
cblr-10941	1208	16	market	market	NOUN
cblr-10941	1208	17	for	for	ADP
cblr-10941	1208	18	established	establish	VERB
cblr-10941	1208	19	products.365	products.365	PROPN
cblr-10941	1208	20	avs	avs	PROPN
cblr-10941	1208	21	fit	fit	PROPN
cblr-10941	1208	22	christensen	christensen	PROPN
cblr-10941	1208	23	’s	’s	PART
cblr-10941	1208	24	definition	definition	NOUN
cblr-10941	1208	25	of	of	ADP
cblr-10941	1208	26	disruptive	disruptive	ADJ
cblr-10941	1208	27	technology	technology	NOUN
cblr-10941	1208	28	well	well	ADV
cblr-10941	1208	29	.	.	PUNCT
cblr-10941	1209	1	a	a	DET
cblr-10941	1209	2	passenger	passenger	NOUN
cblr-10941	1209	3	comparing	compare	VERB
cblr-10941	1209	4	the	the	DET
cblr-10941	1209	5	performance	performance	NOUN
cblr-10941	1209	6	of	of	ADP
cblr-10941	1209	7	today	today	NOUN
cblr-10941	1209	8	’s	’s	PART
cblr-10941	1209	9	robotaxis	robotaxis	NOUN
cblr-10941	1209	10	to	to	ADP
cblr-10941	1209	11	conventional	conventional	ADJ
cblr-10941	1209	12	vehicles	vehicle	NOUN
cblr-10941	1209	13	would	would	AUX
cblr-10941	1209	14	be	be	AUX
cblr-10941	1209	15	underwhelmed	underwhelme	VERB
cblr-10941	1209	16	.	.	PUNCT
cblr-10941	1210	1	avs	avs	PROPN
cblr-10941	1210	2	drive	drive	VERB
cblr-10941	1210	3	slowly	slowly	ADV
cblr-10941	1210	4	and	and	CCONJ
cblr-10941	1210	5	often	often	ADV
cblr-10941	1210	6	take	take	VERB
cblr-10941	1210	7	circuitous	circuitous	ADJ
cblr-10941	1210	8	routes	route	NOUN
cblr-10941	1210	9	to	to	PART
cblr-10941	1210	10	avoid	avoid	VERB
cblr-10941	1210	11	left	leave	VERB
cblr-10941	1210	12	361	361	NUM
cblr-10941	1210	13	see	see	VERB
cblr-10941	1210	14	christensen	christensen	PROPN
cblr-10941	1210	15	,	,	PUNCT
cblr-10941	1210	16	supra	supra	PROPN
cblr-10941	1210	17	note	note	VERB
cblr-10941	1210	18	158	158	NUM
cblr-10941	1210	19	,	,	PUNCT
cblr-10941	1210	20	at	at	ADP
cblr-10941	1210	21	10–11	10–11	NUM
cblr-10941	1210	22	.	.	PUNCT
cblr-10941	1211	1	362	362	NUM
cblr-10941	1212	1	i	i	PRON
cblr-10941	1212	2	d.	d.	PROPN
cblr-10941	1212	3	363	363	NUM
cblr-10941	1212	4	i	i	PRON
cblr-10941	1212	5	d.	d.	PROPN
cblr-10941	1212	6	at	at	ADP
cblr-10941	1212	7	11	11	NUM
cblr-10941	1212	8	.	.	X
cblr-10941	1213	1	364	364	NUM
cblr-10941	1214	1	i	i	NOUN
cblr-10941	1214	2	d.	d.	PROPN
cblr-10941	1214	3	365	365	NUM
cblr-10941	1214	4	see	see	VERB
cblr-10941	1214	5	i	i	PRON
cblr-10941	1214	6	d.	d.	PROPN
cblr-10941	1214	7	at	at	ADP
cblr-10941	1214	8	28–33	28–33	NUM
cblr-10941	1214	9	(	(	PUNCT
cblr-10941	1214	10	describing	describe	VERB
cblr-10941	1214	11	this	this	DET
cblr-10941	1214	12	process	process	NOUN
cblr-10941	1214	13	in	in	ADP
cblr-10941	1214	14	the	the	DET
cblr-10941	1214	15	disk	disk	NOUN
cblr-10941	1214	16	drive	drive	NOUN
cblr-10941	1214	17	industry	industry	NOUN
cblr-10941	1214	18	)	)	PUNCT
cblr-10941	1214	19	.	.	PUNCT
cblr-10941	1215	1	no	no	INTJ
cblr-10941	1215	2	.	.	PUNCT
cblr-10941	1216	1	2:859	2:859	NUM
cblr-10941	1216	2	]	]	X
cblr-10941	1216	3	moonshots	moonshot	NOUN
cblr-10941	1216	4	935	935	NUM
cblr-10941	1216	5	turns.366	turns.366	NOUN
cblr-10941	1216	6	they	they	PRON
cblr-10941	1216	7	can	can	AUX
cblr-10941	1216	8	only	only	ADV
cblr-10941	1216	9	drive	drive	VERB
cblr-10941	1216	10	in	in	ADP
cblr-10941	1216	11	favorable	favorable	ADJ
cblr-10941	1216	12	weather	weather	NOUN
cblr-10941	1216	13	conditions	condition	NOUN
cblr-10941	1216	14	,	,	PUNCT
cblr-10941	1216	15	on	on	ADP
cblr-10941	1216	16	pre	pre	ADJ
cblr-10941	1216	17	-	-	ADJ
cblr-10941	1216	18	mapped	mapped	ADJ
cblr-10941	1216	19	roads	road	NOUN
cblr-10941	1216	20	,	,	PUNCT
cblr-10941	1216	21	in	in	ADP
cblr-10941	1216	22	a	a	DET
cblr-10941	1216	23	small	small	ADJ
cblr-10941	1216	24	number	number	NOUN
cblr-10941	1216	25	of	of	ADP
cblr-10941	1216	26	metropolitan	metropolitan	PROPN
cblr-10941	1216	27	areas.367	areas.367	PROPN
cblr-10941	1216	28	the	the	DET
cblr-10941	1216	29	market	market	NOUN
cblr-10941	1216	30	for	for	ADP
cblr-10941	1216	31	taxi	taxi	NOUN
cblr-10941	1216	32	rides	ride	NOUN
cblr-10941	1216	33	in	in	ADP
cblr-10941	1216	34	these	these	DET
cblr-10941	1216	35	cities	city	NOUN
cblr-10941	1216	36	is	be	AUX
cblr-10941	1216	37	orders	order	NOUN
cblr-10941	1216	38	of	of	ADP
cblr-10941	1216	39	magnitudes	magnitude	NOUN
cblr-10941	1216	40	smaller	small	ADJ
cblr-10941	1216	41	than	than	ADP
cblr-10941	1216	42	the	the	DET
cblr-10941	1216	43	market	market	NOUN
cblr-10941	1216	44	for	for	ADP
cblr-10941	1216	45	conventional	conventional	ADJ
cblr-10941	1216	46	vehicles	vehicle	NOUN
cblr-10941	1216	47	.	.	PUNCT
cblr-10941	1217	1	but	but	CCONJ
cblr-10941	1217	2	it	it	PRON
cblr-10941	1217	3	’s	’	VERB
cblr-10941	1217	4	likely	likely	ADJ
cblr-10941	1217	5	that	that	SCONJ
cblr-10941	1217	6	av	av	PROPN
cblr-10941	1217	7	performance	performance	NOUN
cblr-10941	1217	8	will	will	AUX
cblr-10941	1217	9	eventually	eventually	ADV
cblr-10941	1217	10	improve	improve	VERB
cblr-10941	1217	11	,	,	PUNCT
cblr-10941	1217	12	and	and	CCONJ
cblr-10941	1217	13	consumers	consumer	NOUN
cblr-10941	1217	14	will	will	AUX
cblr-10941	1217	15	start	start	VERB
cblr-10941	1217	16	buying	buy	VERB
cblr-10941	1217	17	fewer	few	ADJ
cblr-10941	1217	18	cars	car	NOUN
cblr-10941	1217	19	and	and	CCONJ
cblr-10941	1217	20	more	more	ADJ
cblr-10941	1217	21	robotaxi	robotaxi	ADJ
cblr-10941	1217	22	rides	ride	NOUN
cblr-10941	1217	23	.	.	PUNCT
cblr-10941	1218	1	the	the	DET
cblr-10941	1218	2	first	first	ADJ
cblr-10941	1218	3	few	few	ADJ
cblr-10941	1218	4	years	year	NOUN
cblr-10941	1218	5	of	of	ADP
cblr-10941	1218	6	av	av	PROPN
cblr-10941	1218	7	development	development	NOUN
cblr-10941	1218	8	played	play	VERB
cblr-10941	1218	9	out	out	ADP
cblr-10941	1218	10	as	as	SCONJ
cblr-10941	1218	11	christensen	christensen	PROPN
cblr-10941	1218	12	would	would	AUX
cblr-10941	1218	13	have	have	AUX
cblr-10941	1218	14	predicted	predict	VERB
cblr-10941	1218	15	.	.	PUNCT
cblr-10941	1219	1	google	google	PROPN
cblr-10941	1219	2	,	,	PUNCT
cblr-10941	1219	3	a	a	DET
cblr-10941	1219	4	new	new	ADJ
cblr-10941	1219	5	entrant	entrant	NOUN
cblr-10941	1219	6	to	to	ADP
cblr-10941	1219	7	the	the	DET
cblr-10941	1219	8	transportation	transportation	NOUN
cblr-10941	1219	9	market	market	NOUN
cblr-10941	1219	10	,	,	PUNCT
cblr-10941	1219	11	invested	invest	VERB
cblr-10941	1219	12	in	in	ADP
cblr-10941	1219	13	developing	develop	VERB
cblr-10941	1219	14	the	the	DET
cblr-10941	1219	15	disruptive	disruptive	ADJ
cblr-10941	1219	16	technology	technology	NOUN
cblr-10941	1219	17	.	.	PUNCT
cblr-10941	1220	1	the	the	DET
cblr-10941	1220	2	incumbent	incumbent	ADJ
cblr-10941	1220	3	automakers	automaker	NOUN
cblr-10941	1220	4	mostly	mostly	ADV
cblr-10941	1220	5	ignored	ignore	VERB
cblr-10941	1220	6	them	they	PRON
cblr-10941	1220	7	.	.	PUNCT
cblr-10941	1221	1	according	accord	VERB
cblr-10941	1221	2	to	to	ADP
cblr-10941	1221	3	larry	larry	PROPN
cblr-10941	1221	4	burns	burn	NOUN
cblr-10941	1221	5	,	,	PUNCT
cblr-10941	1221	6	the	the	DET
cblr-10941	1221	7	former	former	ADJ
cblr-10941	1221	8	head	head	NOUN
cblr-10941	1221	9	of	of	ADP
cblr-10941	1221	10	r&d	r&d	NOUN
cblr-10941	1221	11	at	at	ADP
cblr-10941	1221	12	gm	gm	PROPN
cblr-10941	1221	13	and	and	CCONJ
cblr-10941	1221	14	later	later	ADV
cblr-10941	1221	15	an	an	DET
cblr-10941	1221	16	advisor	advisor	NOUN
cblr-10941	1221	17	to	to	PART
cblr-10941	1221	18	project	project	VERB
cblr-10941	1221	19	chauffeur	chauffeur	NOUN
cblr-10941	1221	20	,	,	PUNCT
cblr-10941	1221	21	when	when	SCONJ
cblr-10941	1221	22	google	google	PROPN
cblr-10941	1221	23	’s	’s	PART
cblr-10941	1221	24	engineers	engineer	NOUN
cblr-10941	1221	25	met	meet	VERB
cblr-10941	1221	26	with	with	ADP
cblr-10941	1221	27	gm	gm	PROPN
cblr-10941	1221	28	managers	manager	NOUN
cblr-10941	1221	29	to	to	PART
cblr-10941	1221	30	discuss	discuss	VERB
cblr-10941	1221	31	collaborating	collaborate	VERB
cblr-10941	1221	32	on	on	ADP
cblr-10941	1221	33	avs	avs	PROPN
cblr-10941	1221	34	,	,	PUNCT
cblr-10941	1221	35	gm	gm	PROPN
cblr-10941	1221	36	“	"	PUNCT
cblr-10941	1221	37	responded	respond	VERB
cblr-10941	1221	38	to	to	ADP
cblr-10941	1221	39	google	google	PROPN
cblr-10941	1221	40	’s	’s	PART
cblr-10941	1221	41	entreaties	entreaty	NOUN
cblr-10941	1221	42	with	with	ADP
cblr-10941	1221	43	an	an	DET
cblr-10941	1221	44	arrogance	arrogance	NOUN
cblr-10941	1221	45	”	"	PUNCT
cblr-10941	1221	46	that	that	PRON
cblr-10941	1221	47	alienated	alienate	VERB
cblr-10941	1221	48	the	the	DET
cblr-10941	1221	49	google	google	PROPN
cblr-10941	1221	50	team.368	team.368	PROPN
cblr-10941	1221	51	gm	gm	PROPN
cblr-10941	1221	52	focused	focus	VERB
cblr-10941	1221	53	on	on	ADP
cblr-10941	1221	54	developing	develop	VERB
cblr-10941	1221	55	incremental	incremental	ADJ
cblr-10941	1221	56	improvements	improvement	NOUN
cblr-10941	1221	57	to	to	ADP
cblr-10941	1221	58	the	the	DET
cblr-10941	1221	59	adas	adas	PROPN
cblr-10941	1221	60	technology	technology	PROPN
cblr-10941	1221	61	that	that	SCONJ
cblr-10941	1221	62	they	they	PRON
cblr-10941	1221	63	were	be	AUX
cblr-10941	1221	64	already	already	ADV
cblr-10941	1221	65	selling	sell	VERB
cblr-10941	1221	66	to	to	ADP
cblr-10941	1221	67	their	their	PRON
cblr-10941	1221	68	existing	exist	VERB
cblr-10941	1221	69	customers	customer	NOUN
cblr-10941	1221	70	.	.	PUNCT
cblr-10941	1222	1	but	but	CCONJ
cblr-10941	1222	2	the	the	DET
cblr-10941	1222	3	history	history	NOUN
cblr-10941	1222	4	of	of	ADP
cblr-10941	1222	5	the	the	DET
cblr-10941	1222	6	av	av	PROPN
cblr-10941	1222	7	industry	industry	PROPN
cblr-10941	1222	8	and	and	CCONJ
cblr-10941	1222	9	christensen	christensen	PROPN
cblr-10941	1222	10	’s	’s	PART
cblr-10941	1222	11	theory	theory	NOUN
cblr-10941	1222	12	diverged	diverge	VERB
cblr-10941	1222	13	in	in	ADP
cblr-10941	1222	14	2016	2016	NUM
cblr-10941	1222	15	.	.	PUNCT
cblr-10941	1223	1	gm	gm	PROPN
cblr-10941	1223	2	bought	buy	VERB
cblr-10941	1223	3	cruise	cruise	NOUN
cblr-10941	1223	4	and	and	CCONJ
cblr-10941	1223	5	stated	state	VERB
cblr-10941	1223	6	that	that	SCONJ
cblr-10941	1223	7	it	it	PRON
cblr-10941	1223	8	would	would	AUX
cblr-10941	1223	9	focus	focus	VERB
cblr-10941	1223	10	on	on	ADP
cblr-10941	1223	11	developing	develop	VERB
cblr-10941	1223	12	fully	fully	ADV
cblr-10941	1223	13	autonomous	autonomous	ADJ
cblr-10941	1223	14	vehicles	vehicle	NOUN
cblr-10941	1223	15	to	to	PART
cblr-10941	1223	16	be	be	AUX
cblr-10941	1223	17	deployed	deploy	VERB
cblr-10941	1223	18	in	in	ADP
cblr-10941	1223	19	a	a	DET
cblr-10941	1223	20	robotaxi	robotaxi	ADJ
cblr-10941	1223	21	service.369	service.369	NOUN
cblr-10941	1223	22	in	in	ADP
cblr-10941	1223	23	christensen	christensen	PROPN
cblr-10941	1223	24	’s	’s	PART
cblr-10941	1223	25	terms	term	NOUN
cblr-10941	1223	26	,	,	PUNCT
cblr-10941	1223	27	the	the	DET
cblr-10941	1223	28	incumbent	incumbent	NOUN
cblr-10941	1223	29	had	have	AUX
cblr-10941	1223	30	declared	declare	VERB
cblr-10941	1223	31	it	it	PRON
cblr-10941	1223	32	would	would	AUX
cblr-10941	1223	33	develop	develop	VERB
cblr-10941	1223	34	the	the	DET
cblr-10941	1223	35	disruptive	disruptive	ADJ
cblr-10941	1223	36	technology	technology	NOUN
cblr-10941	1223	37	and	and	CCONJ
cblr-10941	1223	38	focus	focus	VERB
cblr-10941	1223	39	on	on	ADP
cblr-10941	1223	40	the	the	DET
cblr-10941	1223	41	fringe	fringe	NOUN
cblr-10941	1223	42	market	market	NOUN
cblr-10941	1223	43	.	.	PUNCT
cblr-10941	1224	1	then	then	ADV
cblr-10941	1224	2	other	other	ADJ
cblr-10941	1224	3	incumbents	incumbent	NOUN
cblr-10941	1224	4	—	—	PUNCT
cblr-10941	1224	5	ford	ford	NOUN
cblr-10941	1224	6	,	,	PUNCT
cblr-10941	1224	7	volkswagen	volkswagen	PROPN
cblr-10941	1224	8	,	,	PUNCT
cblr-10941	1224	9	honda	honda	NOUN
cblr-10941	1224	10	,	,	PUNCT
cblr-10941	1224	11	and	and	CCONJ
cblr-10941	1224	12	hyundai	hyundai	PROPN
cblr-10941	1224	13	—	—	PUNCT
cblr-10941	1224	14	made	make	VERB
cblr-10941	1224	15	similar	similar	ADJ
cblr-10941	1224	16	decisions.370	decisions.370	PRON
cblr-10941	1224	17	it	it	PRON
cblr-10941	1224	18	was	be	AUX
cblr-10941	1224	19	the	the	DET
cblr-10941	1224	20	fear	fear	NOUN
cblr-10941	1224	21	of	of	ADP
cblr-10941	1224	22	disruption	disruption	NOUN
cblr-10941	1224	23	that	that	PRON
cblr-10941	1224	24	created	create	VERB
cblr-10941	1224	25	venture	venture	NOUN
cblr-10941	1224	26	carveouts	carveout	NOUN
cblr-10941	1224	27	.	.	PUNCT
cblr-10941	1225	1	gm	gm	PROPN
cblr-10941	1225	2	’s	’s	PART
cblr-10941	1225	3	managers	manager	NOUN
cblr-10941	1225	4	did	do	AUX
cblr-10941	1225	5	n’t	not	PART
cblr-10941	1225	6	brainstorm	brainstorm	VERB
cblr-10941	1225	7	a	a	DET
cblr-10941	1225	8	list	list	NOUN
cblr-10941	1225	9	of	of	ADP
cblr-10941	1225	10	366	366	NUM
cblr-10941	1225	11	see	see	NOUN
cblr-10941	1225	12	,	,	PUNCT
cblr-10941	1225	13	e.g.	e.g.	ADV
cblr-10941	1225	14	,	,	PUNCT
cblr-10941	1225	15	amir	amir	PROPN
cblr-10941	1225	16	efrati	efrati	PROPN
cblr-10941	1225	17	,	,	PUNCT
cblr-10941	1225	18	with	with	ADP
cblr-10941	1225	19	waymo	waymo	ADJ
cblr-10941	1225	20	robotaxis	robotaxis	NOUN
cblr-10941	1225	21	,	,	PUNCT
cblr-10941	1225	22	customer	customer	NOUN
cblr-10941	1225	23	satisfaction	satisfaction	NOUN
cblr-10941	1225	24	is	be	AUX
cblr-10941	1225	25	far	far	ADV
cblr-10941	1225	26	from	from	ADP
cblr-10941	1225	27	guaranteed	guarantee	VERB
cblr-10941	1225	28	,	,	PUNCT
cblr-10941	1225	29	information	information	NOUN
cblr-10941	1225	30	(	(	PUNCT
cblr-10941	1225	31	mar	mar	PROPN
cblr-10941	1225	32	.	.	PROPN
cblr-10941	1225	33	22	22	NUM
cblr-10941	1225	34	,	,	PUNCT
cblr-10941	1225	35	2019	2019	NUM
cblr-10941	1225	36	,	,	PUNCT
cblr-10941	1225	37	6:31	6:31	NUM
cblr-10941	1225	38	am	am	NOUN
cblr-10941	1225	39	)	)	PUNCT
cblr-10941	1225	40	,	,	PUNCT
cblr-10941	1225	41	https://www.theinformation.com/articles/with-waymo-robotaxiscustomer-satisfaction-is-far-from-guaranteed	https://www.theinformation.com/articles/with-waymo-robotaxiscustomer-satisfaction-is-far-from-guarantee	VERB
cblr-10941	1225	42	(	(	PUNCT
cblr-10941	1225	43	on	on	ADP
cblr-10941	1225	44	file	file	NOUN
cblr-10941	1225	45	with	with	ADP
cblr-10941	1225	46	the	the	DET
cblr-10941	1225	47	columbia	columbia	PROPN
cblr-10941	1225	48	business	business	PROPN
cblr-10941	1225	49	law	law	PROPN
cblr-10941	1225	50	review	review	PROPN
cblr-10941	1225	51	)	)	PUNCT
cblr-10941	1225	52	.	.	PUNCT
cblr-10941	1226	1	367	367	NUM
cblr-10941	1226	2	see	see	VERB
cblr-10941	1226	3	test	test	NOUN
cblr-10941	1226	4	tracking	track	VERB
cblr-10941	1226	5	tool	tool	NOUN
cblr-10941	1226	6	,	,	PUNCT
cblr-10941	1226	7	nat’l	nat’l	NOUN
cblr-10941	1226	8	highway	highway	NOUN
cblr-10941	1226	9	safety	safety	NOUN
cblr-10941	1226	10	traffic	traffic	NOUN
cblr-10941	1226	11	admin	admin	PROPN
cblr-10941	1226	12	.	.	PUNCT
cblr-10941	1226	13	,	,	PUNCT
cblr-10941	1226	14	https://www.nhtsa.gov/automated-vehicle-test-tracking-tool	https://www.nhtsa.gov/automated-vehicle-test-tracking-tool	PROPN
cblr-10941	1227	1	[	[	X
cblr-10941	1227	2	https://perma.cc/t94q-erla	https://perma.cc/t94q-erla	PROPN
cblr-10941	1227	3	]	]	X
cblr-10941	1227	4	(	(	PUNCT
cblr-10941	1227	5	displaying	display	VERB
cblr-10941	1227	6	av	av	PROPN
cblr-10941	1227	7	testing	testing	NOUN
cblr-10941	1227	8	locations	location	NOUN
cblr-10941	1227	9	)	)	PUNCT
cblr-10941	1227	10	.	.	PUNCT
cblr-10941	1228	1	368	368	NUM
cblr-10941	1228	2	burns	burn	NOUN
cblr-10941	1228	3	&	&	CCONJ
cblr-10941	1228	4	shulgan	shulgan	PROPN
cblr-10941	1228	5	,	,	PUNCT
cblr-10941	1228	6	supra	supra	PROPN
cblr-10941	1228	7	note	note	NOUN
cblr-10941	1228	8	205	205	NUM
cblr-10941	1228	9	,	,	PUNCT
cblr-10941	1228	10	at	at	ADP
cblr-10941	1228	11	281	281	NUM
cblr-10941	1228	12	.	.	PUNCT
cblr-10941	1228	13	369	369	NUM
cblr-10941	1228	14	see	see	VERB
cblr-10941	1228	15	kelly	kelly	PROPN
cblr-10941	1228	16	,	,	PUNCT
cblr-10941	1228	17	supra	supra	PROPN
cblr-10941	1228	18	note	note	PROPN
cblr-10941	1228	19	220	220	NUM
cblr-10941	1228	20	.	.	X
cblr-10941	1228	21	370	370	NUM
cblr-10941	1228	22	see	see	VERB
cblr-10941	1228	23	supra	supra	PROPN
cblr-10941	1228	24	section	section	NOUN
cblr-10941	1228	25	iv.a	iv.a	NOUN
cblr-10941	1228	26	and	and	CCONJ
cblr-10941	1228	27	accompanying	accompanying	ADJ
cblr-10941	1228	28	notes	note	NOUN
cblr-10941	1228	29	.	.	PUNCT
cblr-10941	1229	1	936	936	NUM
cblr-10941	1229	2	columbia	columbia	PROPN
cblr-10941	1229	3	business	business	NOUN
cblr-10941	1229	4	law	law	PROPN
cblr-10941	1229	5	review	review	NOUN
cblr-10941	1229	6	[	[	X
cblr-10941	1229	7	vol	vol	NOUN
cblr-10941	1229	8	.	.	PUNCT
cblr-10941	1229	9	2022	2022	NUM
cblr-10941	1229	10	promising	promising	ADJ
cblr-10941	1229	11	technologies	technology	NOUN
cblr-10941	1229	12	on	on	ADP
cblr-10941	1229	13	a	a	DET
cblr-10941	1229	14	whiteboard	whiteboard	NOUN
cblr-10941	1229	15	.	.	PUNCT
cblr-10941	1230	1	they	they	PRON
cblr-10941	1230	2	witnessed	witness	VERB
cblr-10941	1230	3	google	google	PROPN
cblr-10941	1230	4	’s	’s	PART
cblr-10941	1230	5	progress	progress	NOUN
cblr-10941	1230	6	in	in	ADP
cblr-10941	1230	7	developing	develop	VERB
cblr-10941	1230	8	avs	avs	NOUN
cblr-10941	1230	9	,	,	PUNCT
cblr-10941	1230	10	and	and	CCONJ
cblr-10941	1230	11	they	they	PRON
cblr-10941	1230	12	began	begin	VERB
cblr-10941	1230	13	to	to	PART
cblr-10941	1230	14	fear	fear	VERB
cblr-10941	1230	15	that	that	SCONJ
cblr-10941	1230	16	avs	avs	PROPN
cblr-10941	1230	17	could	could	AUX
cblr-10941	1230	18	undercut	undercut	VERB
cblr-10941	1230	19	their	their	PRON
cblr-10941	1230	20	existing	exist	VERB
cblr-10941	1230	21	business	business	NOUN
cblr-10941	1230	22	of	of	ADP
cblr-10941	1230	23	manufacturing	manufacture	VERB
cblr-10941	1230	24	human	human	NOUN
cblr-10941	1230	25	-	-	PUNCT
cblr-10941	1230	26	driven	drive	VERB
cblr-10941	1230	27	vehicles	vehicle	NOUN
cblr-10941	1230	28	.	.	PUNCT
cblr-10941	1231	1	according	accord	VERB
cblr-10941	1231	2	to	to	ADP
cblr-10941	1231	3	burns	burn	NOUN
cblr-10941	1231	4	,	,	PUNCT
cblr-10941	1231	5	gm	gm	PROPN
cblr-10941	1231	6	’s	’s	PART
cblr-10941	1231	7	leadership	leadership	NOUN
cblr-10941	1231	8	began	begin	VERB
cblr-10941	1231	9	to	to	PART
cblr-10941	1231	10	“	"	PUNCT
cblr-10941	1231	11	realize	realize	VERB
cblr-10941	1231	12	that	that	SCONJ
cblr-10941	1231	13	changes	change	NOUN
cblr-10941	1231	14	in	in	ADP
cblr-10941	1231	15	mobility	mobility	NOUN
cblr-10941	1231	16	were	be	AUX
cblr-10941	1231	17	coming	come	VERB
cblr-10941	1231	18	—	—	PUNCT
cblr-10941	1231	19	and	and	CCONJ
cblr-10941	1231	20	that	that	SCONJ
cblr-10941	1231	21	they	they	PRON
cblr-10941	1231	22	could	could	AUX
cblr-10941	1231	23	destroy	destroy	VERB
cblr-10941	1231	24	gm	gm	PROPN
cblr-10941	1231	25	’s	’s	PART
cblr-10941	1231	26	business	business	NOUN
cblr-10941	1231	27	.	.	PUNCT
cblr-10941	1232	1	”371	”371	PUNCT
cblr-10941	1233	1	gm	gm	PROPN
cblr-10941	1233	2	’s	’s	PART
cblr-10941	1233	3	managers	manager	NOUN
cblr-10941	1233	4	bought	buy	VERB
cblr-10941	1233	5	cruise	cruise	NOUN
cblr-10941	1233	6	to	to	PART
cblr-10941	1233	7	hedge	hedge	VERB
cblr-10941	1233	8	against	against	ADP
cblr-10941	1233	9	that	that	DET
cblr-10941	1233	10	risk	risk	NOUN
cblr-10941	1233	11	.	.	PUNCT
cblr-10941	1234	1	then	then	ADV
cblr-10941	1234	2	they	they	PRON
cblr-10941	1234	3	turned	turn	VERB
cblr-10941	1234	4	cruise	cruise	NOUN
cblr-10941	1234	5	into	into	ADP
cblr-10941	1234	6	a	a	DET
cblr-10941	1234	7	venture	venture	NOUN
cblr-10941	1234	8	carveout	carveout	NOUN
cblr-10941	1234	9	once	once	SCONJ
cblr-10941	1234	10	they	they	PRON
cblr-10941	1234	11	realized	realize	VERB
cblr-10941	1234	12	that	that	SCONJ
cblr-10941	1234	13	they	they	PRON
cblr-10941	1234	14	needed	need	VERB
cblr-10941	1234	15	outside	outside	ADP
cblr-10941	1234	16	capital	capital	NOUN
cblr-10941	1234	17	to	to	PART
cblr-10941	1234	18	bring	bring	VERB
cblr-10941	1234	19	avs	avs	NOUN
cblr-10941	1234	20	to	to	ADP
cblr-10941	1234	21	market	market	NOUN
cblr-10941	1234	22	and	and	CCONJ
cblr-10941	1234	23	equity	equity	NOUN
cblr-10941	1234	24	compensation	compensation	NOUN
cblr-10941	1234	25	to	to	PART
cblr-10941	1234	26	recruit	recruit	VERB
cblr-10941	1234	27	talented	talented	ADJ
cblr-10941	1234	28	engineers	engineer	NOUN
cblr-10941	1234	29	.	.	PUNCT
cblr-10941	1235	1	similar	similar	ADJ
cblr-10941	1235	2	fears	fear	NOUN
cblr-10941	1235	3	led	lead	VERB
cblr-10941	1235	4	ford	ford	PROPN
cblr-10941	1235	5	,	,	PUNCT
cblr-10941	1235	6	volkswagen	volkswagen	PROPN
cblr-10941	1235	7	,	,	PUNCT
cblr-10941	1235	8	honda	honda	NOUN
cblr-10941	1235	9	,	,	PUNCT
cblr-10941	1235	10	and	and	CCONJ
cblr-10941	1235	11	hyundai	hyundai	PROPN
cblr-10941	1235	12	to	to	PART
cblr-10941	1235	13	invest	invest	VERB
cblr-10941	1235	14	in	in	ADP
cblr-10941	1235	15	carveouts	carveout	NOUN
cblr-10941	1235	16	too	too	ADV
cblr-10941	1235	17	.	.	PUNCT
cblr-10941	1236	1	why	why	SCONJ
cblr-10941	1236	2	did	do	AUX
cblr-10941	1236	3	the	the	DET
cblr-10941	1236	4	incumbents	incumbent	NOUN
cblr-10941	1236	5	react	react	VERB
cblr-10941	1236	6	differently	differently	ADV
cblr-10941	1236	7	this	this	DET
cblr-10941	1236	8	time	time	NOUN
cblr-10941	1236	9	?	?	PUNCT
cblr-10941	1237	1	the	the	DET
cblr-10941	1237	2	auto	auto	NOUN
cblr-10941	1237	3	executives	executive	NOUN
cblr-10941	1237	4	may	may	AUX
cblr-10941	1237	5	have	have	AUX
cblr-10941	1237	6	read	read	VERB
cblr-10941	1237	7	christensen	christensen	PROPN
cblr-10941	1237	8	’s	’s	PART
cblr-10941	1237	9	work	work	NOUN
cblr-10941	1237	10	and	and	CCONJ
cblr-10941	1237	11	followed	follow	VERB
cblr-10941	1237	12	his	his	PRON
cblr-10941	1237	13	advice	advice	NOUN
cblr-10941	1237	14	.	.	PUNCT
cblr-10941	1238	1	they	they	PRON
cblr-10941	1238	2	may	may	AUX
cblr-10941	1238	3	have	have	AUX
cblr-10941	1238	4	been	be	AUX
cblr-10941	1238	5	motivated	motivate	VERB
cblr-10941	1238	6	by	by	ADP
cblr-10941	1238	7	seeing	see	VERB
cblr-10941	1238	8	how	how	SCONJ
cblr-10941	1238	9	software	software	NOUN
cblr-10941	1238	10	had	have	AUX
cblr-10941	1238	11	upended	upend	VERB
cblr-10941	1238	12	other	other	ADJ
cblr-10941	1238	13	industries	industry	NOUN
cblr-10941	1238	14	or	or	CCONJ
cblr-10941	1238	15	how	how	SCONJ
cblr-10941	1238	16	electric	electric	ADJ
cblr-10941	1238	17	vehicles	vehicle	NOUN
cblr-10941	1238	18	were	be	AUX
cblr-10941	1238	19	disrupting	disrupt	VERB
cblr-10941	1238	20	their	their	PRON
cblr-10941	1238	21	own	own	ADJ
cblr-10941	1238	22	industry.372	industry.372	PROPN
cblr-10941	1238	23	it	it	PRON
cblr-10941	1238	24	’s	’	VERB
cblr-10941	1238	25	also	also	ADV
cblr-10941	1238	26	possible	possible	ADJ
cblr-10941	1238	27	that	that	SCONJ
cblr-10941	1238	28	avs	avs	PROPN
cblr-10941	1238	29	are	be	AUX
cblr-10941	1238	30	the	the	DET
cblr-10941	1238	31	rare	rare	ADJ
cblr-10941	1238	32	kind	kind	NOUN
cblr-10941	1238	33	of	of	ADP
cblr-10941	1238	34	emerging	emerge	VERB
cblr-10941	1238	35	technology	technology	NOUN
cblr-10941	1238	36	that	that	PRON
cblr-10941	1238	37	technical	technical	ADJ
cblr-10941	1238	38	experts	expert	NOUN
cblr-10941	1238	39	can	can	AUX
cblr-10941	1238	40	predict	predict	VERB
cblr-10941	1238	41	will	will	AUX
cblr-10941	1238	42	be	be	AUX
cblr-10941	1238	43	disruptive	disruptive	ADJ
cblr-10941	1238	44	many	many	ADJ
cblr-10941	1238	45	years	year	NOUN
cblr-10941	1238	46	before	before	SCONJ
cblr-10941	1238	47	it	it	PRON
cblr-10941	1238	48	comes	come	VERB
cblr-10941	1238	49	to	to	ADP
cblr-10941	1238	50	market	market	NOUN
cblr-10941	1238	51	.	.	PUNCT
cblr-10941	1239	1	the	the	DET
cblr-10941	1239	2	potential	potential	NOUN
cblr-10941	1239	3	of	of	ADP
cblr-10941	1239	4	the	the	DET
cblr-10941	1239	5	disruptive	disruptive	ADJ
cblr-10941	1239	6	technologies	technology	NOUN
cblr-10941	1239	7	that	that	PRON
cblr-10941	1239	8	christensen	christensen	PROPN
cblr-10941	1239	9	studied	study	VERB
cblr-10941	1239	10	—	—	PUNCT
cblr-10941	1239	11	small	small	ADJ
cblr-10941	1239	12	disk	disk	NOUN
cblr-10941	1239	13	drives	drive	NOUN
cblr-10941	1239	14	,	,	PUNCT
cblr-10941	1239	15	hydraulic	hydraulic	ADJ
cblr-10941	1239	16	excavators	excavator	NOUN
cblr-10941	1239	17	,	,	PUNCT
cblr-10941	1239	18	and	and	CCONJ
cblr-10941	1239	19	minimill	minimill	NOUN
cblr-10941	1239	20	steel	steel	NOUN
cblr-10941	1239	21	—	—	PUNCT
cblr-10941	1239	22	may	may	AUX
cblr-10941	1239	23	only	only	ADV
cblr-10941	1239	24	have	have	AUX
cblr-10941	1239	25	been	be	AUX
cblr-10941	1239	26	clear	clear	ADJ
cblr-10941	1239	27	in	in	ADP
cblr-10941	1239	28	hindsight.373	hindsight.373	NOUN
cblr-10941	1239	29	there	there	PRON
cblr-10941	1239	30	are	be	VERB
cblr-10941	1239	31	speculative	speculative	ADJ
cblr-10941	1239	32	technologies	technology	NOUN
cblr-10941	1239	33	being	be	AUX
cblr-10941	1239	34	researched	research	VERB
cblr-10941	1239	35	today	today	NOUN
cblr-10941	1239	36	that	that	PRON
cblr-10941	1239	37	may	may	AUX
cblr-10941	1239	38	eventually	eventually	ADV
cblr-10941	1239	39	become	become	VERB
cblr-10941	1239	40	commercially	commercially	ADV
cblr-10941	1239	41	viable	viable	ADJ
cblr-10941	1239	42	.	.	PUNCT
cblr-10941	1240	1	a	a	DET
cblr-10941	1240	2	venture	venture	NOUN
cblr-10941	1240	3	carveout	carveout	NOUN
cblr-10941	1240	4	could	could	AUX
cblr-10941	1240	5	help	help	VERB
cblr-10941	1240	6	the	the	DET
cblr-10941	1240	7	aircraft	aircraft	NOUN
cblr-10941	1240	8	industry	industry	NOUN
cblr-10941	1240	9	develop	develop	VERB
cblr-10941	1240	10	next	next	ADJ
cblr-10941	1240	11	generation	generation	NOUN
cblr-10941	1240	12	supersonic	supersonic	ADJ
cblr-10941	1240	13	jets,374	jets,374	ADP
cblr-10941	1240	14	the	the	DET
cblr-10941	1240	15	pharmaceutical	pharmaceutical	ADJ
cblr-10941	1240	16	industry	industry	NOUN
cblr-10941	1240	17	371	371	NUM
cblr-10941	1240	18	burns	burn	NOUN
cblr-10941	1240	19	&	&	CCONJ
cblr-10941	1240	20	shulgan	shulgan	NOUN
cblr-10941	1240	21	,	,	PUNCT
cblr-10941	1240	22	supra	supra	PROPN
cblr-10941	1240	23	note	note	PROPN
cblr-10941	1240	24	207	207	NUM
cblr-10941	1240	25	,	,	PUNCT
cblr-10941	1240	26	at	at	ADP
cblr-10941	1240	27	282	282	NUM
cblr-10941	1240	28	.	.	PUNCT
cblr-10941	1241	1	372	372	NUM
cblr-10941	1241	2	this	this	PRON
cblr-10941	1241	3	is	be	AUX
cblr-10941	1241	4	burns	burn	NOUN
cblr-10941	1241	5	’	'	PUNCT
cblr-10941	1241	6	theory	theory	NOUN
cblr-10941	1241	7	.	.	PUNCT
cblr-10941	1242	1	see	see	VERB
cblr-10941	1242	2	i	i	PRON
cblr-10941	1242	3	d.	d.	PROPN
cblr-10941	1242	4	at	at	ADP
cblr-10941	1242	5	284	284	NUM
cblr-10941	1242	6	(	(	PUNCT
cblr-10941	1242	7	“	"	PUNCT
cblr-10941	1242	8	the	the	DET
cblr-10941	1242	9	automakers	automaker	NOUN
cblr-10941	1242	10	looked	look	VERB
cblr-10941	1242	11	at	at	ADP
cblr-10941	1242	12	the	the	DET
cblr-10941	1242	13	google	google	PROPN
cblr-10941	1242	14	self	self	NOUN
cblr-10941	1242	15	-	-	PUNCT
cblr-10941	1242	16	driving	drive	VERB
cblr-10941	1242	17	car	car	NOUN
cblr-10941	1242	18	project	project	NOUN
cblr-10941	1242	19	,	,	PUNCT
cblr-10941	1242	20	and	and	CCONJ
cblr-10941	1242	21	they	they	PRON
cblr-10941	1242	22	foresaw	foresaw	VERB
cblr-10941	1242	23	a	a	DET
cblr-10941	1242	24	future	future	NOUN
cblr-10941	1242	25	in	in	ADP
cblr-10941	1242	26	which	which	PRON
cblr-10941	1242	27	the	the	DET
cblr-10941	1242	28	automobile	automobile	NOUN
cblr-10941	1242	29	became	become	VERB
cblr-10941	1242	30	the	the	DET
cblr-10941	1242	31	latest	late	ADJ
cblr-10941	1242	32	example	example	NOUN
cblr-10941	1242	33	in	in	ADP
cblr-10941	1242	34	a	a	DET
cblr-10941	1242	35	business	business	NOUN
cblr-10941	1242	36	trend	trend	NOUN
cblr-10941	1242	37	that	that	PRON
cblr-10941	1242	38	had	have	AUX
cblr-10941	1242	39	already	already	ADV
cblr-10941	1242	40	affected	affect	VERB
cblr-10941	1242	41	two	two	NUM
cblr-10941	1242	42	other	other	ADJ
cblr-10941	1242	43	software	software	NOUN
cblr-10941	1242	44	-	-	PUNCT
cblr-10941	1242	45	heavy	heavy	ADJ
cblr-10941	1242	46	devices	device	NOUN
cblr-10941	1242	47	,	,	PUNCT
cblr-10941	1242	48	personal	personal	ADJ
cblr-10941	1242	49	computers	computer	NOUN
cblr-10941	1242	50	and	and	CCONJ
cblr-10941	1242	51	smartphones	smartphone	NOUN
cblr-10941	1242	52	.	.	PUNCT
cblr-10941	1242	53	”	"	PUNCT
cblr-10941	1242	54	)	)	PUNCT
cblr-10941	1242	55	.	.	PUNCT
cblr-10941	1243	1	373	373	NUM
cblr-10941	1243	2	see	see	VERB
cblr-10941	1243	3	christensen	christensen	PROPN
cblr-10941	1243	4	,	,	PUNCT
cblr-10941	1243	5	supra	supra	PROPN
cblr-10941	1243	6	note	note	VERB
cblr-10941	1243	7	158	158	NUM
cblr-10941	1243	8	,	,	PUNCT
cblr-10941	1243	9	at	at	ADP
cblr-10941	1243	10	20–35	20–35	NUM
cblr-10941	1243	11	(	(	PUNCT
cblr-10941	1243	12	disk	disk	NOUN
cblr-10941	1243	13	drives	drive	NOUN
cblr-10941	1243	14	)	)	PUNCT
cblr-10941	1243	15	,	,	PUNCT
cblr-10941	1243	16	60–69	60–69	NUM
cblr-10941	1243	17	(	(	PUNCT
cblr-10941	1243	18	excavators	excavator	NOUN
cblr-10941	1243	19	)	)	PUNCT
cblr-10941	1243	20	,	,	PUNCT
cblr-10941	1243	21	79–84	79–84	NOUN
cblr-10941	1243	22	(	(	PUNCT
cblr-10941	1243	23	minimill	minimill	NOUN
cblr-10941	1243	24	steel	steel	PROPN
cblr-10941	1243	25	)	)	PUNCT
cblr-10941	1243	26	.	.	PUNCT
cblr-10941	1244	1	374	374	NUM
cblr-10941	1244	2	see	see	VERB
cblr-10941	1244	3	roy	roy	PROPN
cblr-10941	1244	4	furchgott	furchgott	PROPN
cblr-10941	1244	5	,	,	PUNCT
cblr-10941	1244	6	can	can	AUX
cblr-10941	1244	7	supersonic	supersonic	ADJ
cblr-10941	1244	8	air	air	NOUN
cblr-10941	1244	9	travel	travel	NOUN
cblr-10941	1244	10	fly	fly	VERB
cblr-10941	1244	11	again	again	ADV
cblr-10941	1244	12	.	.	PUNCT
cblr-10941	1244	13	.	.	PUNCT
cblr-10941	1245	1	.	.	PUNCT
cblr-10941	1245	2	,	,	PUNCT
cblr-10941	1245	3	n.y	n.y	PROPN
cblr-10941	1245	4	.	.	PROPN
cblr-10941	1245	5	times	times	PROPN
cblr-10941	1245	6	(	(	PUNCT
cblr-10941	1245	7	nov	nov	PROPN
cblr-10941	1245	8	.	.	PROPN
cblr-10941	1245	9	1	1	NUM
cblr-10941	1245	10	,	,	PUNCT
cblr-10941	1245	11	2021	2021	NUM
cblr-10941	1245	12	)	)	PUNCT
cblr-10941	1245	13	,	,	PUNCT
cblr-10941	1246	1	https://www.nytimes.com/2021/11/01/business/supersonic-plane-travelconcorde.html	https://www.nytimes.com/2021/11/01/business/supersonic-plane-travelconcorde.html	PROPN
cblr-10941	1246	2	[	[	X
cblr-10941	1246	3	https://perma.cc/rql3-ew7h	https://perma.cc/rql3-ew7h	X
cblr-10941	1246	4	]	]	PUNCT
cblr-10941	1246	5	.	.	PUNCT
cblr-10941	1247	1	no	no	INTJ
cblr-10941	1247	2	.	.	PUNCT
cblr-10941	1248	1	2:859	2:859	NUM
cblr-10941	1248	2	]	]	X
cblr-10941	1248	3	moonshots	moonshot	NOUN
cblr-10941	1248	4	937	937	NUM
cblr-10941	1248	5	develop	develop	VERB
cblr-10941	1248	6	synthetic	synthetic	ADJ
cblr-10941	1248	7	organisms,375	organisms,375	NOUN
cblr-10941	1248	8	or	or	CCONJ
cblr-10941	1248	9	the	the	DET
cblr-10941	1248	10	energy	energy	NOUN
cblr-10941	1248	11	industry	industry	NOUN
cblr-10941	1248	12	develop	develop	VERB
cblr-10941	1248	13	nuclear	nuclear	ADJ
cblr-10941	1248	14	fusion	fusion	NOUN
cblr-10941	1248	15	,	,	PUNCT
cblr-10941	1248	16	if	if	SCONJ
cblr-10941	1248	17	and	and	CCONJ
cblr-10941	1248	18	when	when	SCONJ
cblr-10941	1248	19	more	more	ADJ
cblr-10941	1248	20	research	research	NOUN
cblr-10941	1248	21	indicates	indicate	VERB
cblr-10941	1248	22	that	that	SCONJ
cblr-10941	1248	23	these	these	DET
cblr-10941	1248	24	technologies	technology	NOUN
cblr-10941	1248	25	are	be	AUX
cblr-10941	1248	26	commercially	commercially	ADV
cblr-10941	1248	27	viable.376	viable.376	NOUN
cblr-10941	1248	28	but	but	CCONJ
cblr-10941	1248	29	there	there	PRON
cblr-10941	1248	30	’s	’	VERB
cblr-10941	1248	31	no	no	DET
cblr-10941	1248	32	guarantee	guarantee	NOUN
cblr-10941	1248	33	that	that	SCONJ
cblr-10941	1248	34	companies	company	NOUN
cblr-10941	1248	35	will	will	AUX
cblr-10941	1248	36	take	take	VERB
cblr-10941	1248	37	these	these	DET
cblr-10941	1248	38	opportunities	opportunity	NOUN
cblr-10941	1248	39	.	.	PUNCT
cblr-10941	1249	1	the	the	DET
cblr-10941	1249	2	energy	energy	NOUN
cblr-10941	1249	3	industry	industry	NOUN
cblr-10941	1249	4	wasted	waste	VERB
cblr-10941	1249	5	decades	decade	NOUN
cblr-10941	1249	6	fighting	fight	VERB
cblr-10941	1249	7	regulation	regulation	NOUN
cblr-10941	1249	8	rather	rather	ADV
cblr-10941	1249	9	than	than	ADP
cblr-10941	1249	10	developing	develop	VERB
cblr-10941	1249	11	solar	solar	ADJ
cblr-10941	1249	12	and	and	CCONJ
cblr-10941	1249	13	wind	wind	NOUN
cblr-10941	1249	14	technology	technology	NOUN
cblr-10941	1249	15	—	—	PUNCT
cblr-10941	1249	16	precisely	precisely	ADV
cblr-10941	1249	17	the	the	DET
cblr-10941	1249	18	kind	kind	NOUN
cblr-10941	1249	19	of	of	ADP
cblr-10941	1249	20	moonshot	moonshot	NOUN
cblr-10941	1249	21	for	for	ADP
cblr-10941	1249	22	which	which	PRON
cblr-10941	1249	23	a	a	DET
cblr-10941	1249	24	venture	venture	NOUN
cblr-10941	1249	25	carveout	carveout	NOUN
cblr-10941	1249	26	would	would	AUX
cblr-10941	1249	27	have	have	AUX
cblr-10941	1249	28	been	be	AUX
cblr-10941	1249	29	useful	useful	ADJ
cblr-10941	1249	30	.	.	PUNCT
cblr-10941	1250	1	and	and	CCONJ
cblr-10941	1250	2	,	,	PUNCT
cblr-10941	1250	3	of	of	ADP
cblr-10941	1250	4	course	course	NOUN
cblr-10941	1250	5	,	,	PUNCT
cblr-10941	1250	6	as	as	SCONJ
cblr-10941	1250	7	argo	argo	PROPN
cblr-10941	1250	8	illustrates	illustrate	VERB
cblr-10941	1250	9	,	,	PUNCT
cblr-10941	1250	10	new	new	ADJ
cblr-10941	1250	11	technologies	technology	NOUN
cblr-10941	1250	12	only	only	ADV
cblr-10941	1250	13	benefit	benefit	VERB
cblr-10941	1250	14	from	from	ADP
cblr-10941	1250	15	venture	venture	NOUN
cblr-10941	1250	16	carveouts	carveout	NOUN
cblr-10941	1250	17	if	if	SCONJ
cblr-10941	1250	18	their	their	PRON
cblr-10941	1250	19	backers	backer	NOUN
cblr-10941	1250	20	are	be	AUX
cblr-10941	1250	21	willing	willing	ADJ
cblr-10941	1250	22	to	to	PART
cblr-10941	1250	23	stick	stick	VERB
cblr-10941	1250	24	with	with	ADP
cblr-10941	1250	25	them	they	PRON
cblr-10941	1250	26	when	when	SCONJ
cblr-10941	1250	27	the	the	DET
cblr-10941	1250	28	going	going	NOUN
cblr-10941	1250	29	gets	get	VERB
cblr-10941	1250	30	tough	tough	ADJ
cblr-10941	1250	31	.	.	PUNCT
cblr-10941	1251	1	the	the	DET
cblr-10941	1251	2	history	history	NOUN
cblr-10941	1251	3	of	of	ADP
cblr-10941	1251	4	av	av	PROPN
cblr-10941	1251	5	technology	technology	NOUN
cblr-10941	1251	6	shows	show	VERB
cblr-10941	1251	7	how	how	SCONJ
cblr-10941	1251	8	government	government	NOUN
cblr-10941	1251	9	research	research	NOUN
cblr-10941	1251	10	programs	program	NOUN
cblr-10941	1251	11	can	can	AUX
cblr-10941	1251	12	build	build	VERB
cblr-10941	1251	13	technical	technical	ADJ
cblr-10941	1251	14	consensus	consensus	NOUN
cblr-10941	1251	15	that	that	PRON
cblr-10941	1251	16	sparks	spark	VERB
cblr-10941	1251	17	private	private	ADJ
cblr-10941	1251	18	development	development	NOUN
cblr-10941	1251	19	.	.	PUNCT
cblr-10941	1252	1	darpa	darpa	PROPN
cblr-10941	1252	2	generated	generate	VERB
cblr-10941	1252	3	no	no	DET
cblr-10941	1252	4	revenue	revenue	NOUN
cblr-10941	1252	5	.	.	PUNCT
cblr-10941	1253	1	but	but	CCONJ
cblr-10941	1253	2	the	the	DET
cblr-10941	1253	3	results	result	NOUN
cblr-10941	1253	4	of	of	ADP
cblr-10941	1253	5	the	the	DET
cblr-10941	1253	6	darpa	darpa	ADJ
cblr-10941	1253	7	challenges	challenge	NOUN
cblr-10941	1253	8	led	lead	VERB
cblr-10941	1253	9	google	google	PROPN
cblr-10941	1253	10	to	to	PART
cblr-10941	1253	11	investigate	investigate	VERB
cblr-10941	1253	12	whether	whether	SCONJ
cblr-10941	1253	13	commercializing	commercialize	VERB
cblr-10941	1253	14	avs	avs	NOUN
cblr-10941	1253	15	was	be	AUX
cblr-10941	1253	16	viable	viable	ADJ
cblr-10941	1253	17	.	.	PUNCT
cblr-10941	1254	1	unsuccessful	unsuccessful	ADJ
cblr-10941	1254	2	venture	venture	NOUN
cblr-10941	1254	3	-	-	PUNCT
cblr-10941	1254	4	backed	back	VERB
cblr-10941	1254	5	startups	startup	NOUN
cblr-10941	1254	6	can	can	AUX
cblr-10941	1254	7	serve	serve	VERB
cblr-10941	1254	8	a	a	DET
cblr-10941	1254	9	similar	similar	ADJ
cblr-10941	1254	10	role	role	NOUN
cblr-10941	1254	11	.	.	PUNCT
cblr-10941	1255	1	startups	startup	NOUN
cblr-10941	1255	2	may	may	AUX
cblr-10941	1255	3	fail	fail	VERB
cblr-10941	1255	4	to	to	PART
cblr-10941	1255	5	bring	bring	VERB
cblr-10941	1255	6	a	a	DET
cblr-10941	1255	7	technology	technology	NOUN
cblr-10941	1255	8	to	to	ADP
cblr-10941	1255	9	market	market	NOUN
cblr-10941	1255	10	,	,	PUNCT
cblr-10941	1255	11	yet	yet	CCONJ
cblr-10941	1255	12	still	still	ADV
cblr-10941	1255	13	make	make	VERB
cblr-10941	1255	14	enough	enough	ADJ
cblr-10941	1255	15	progress	progress	NOUN
cblr-10941	1255	16	to	to	PART
cblr-10941	1255	17	convince	convince	VERB
cblr-10941	1255	18	technical	technical	ADJ
cblr-10941	1255	19	experts	expert	NOUN
cblr-10941	1255	20	that	that	PRON
cblr-10941	1255	21	a	a	DET
cblr-10941	1255	22	better	well	ADV
cblr-10941	1255	23	-	-	PUNCT
cblr-10941	1255	24	funded	fund	VERB
cblr-10941	1255	25	or	or	CCONJ
cblr-10941	1255	26	better	well	ADV
cblr-10941	1255	27	-	-	PUNCT
cblr-10941	1255	28	managed	manage	VERB
cblr-10941	1255	29	organization	organization	NOUN
cblr-10941	1255	30	could	could	AUX
cblr-10941	1255	31	commercialize	commercialize	VERB
cblr-10941	1255	32	it	it	PRON
cblr-10941	1255	33	.	.	PUNCT
cblr-10941	1256	1	the	the	DET
cblr-10941	1256	2	opinion	opinion	NOUN
cblr-10941	1256	3	of	of	ADP
cblr-10941	1256	4	technical	technical	ADJ
cblr-10941	1256	5	experts	expert	NOUN
cblr-10941	1256	6	can	can	AUX
cblr-10941	1256	7	influence	influence	VERB
cblr-10941	1256	8	investors	investor	NOUN
cblr-10941	1256	9	and	and	CCONJ
cblr-10941	1256	10	pressure	pressure	NOUN
cblr-10941	1256	11	managers	manager	NOUN
cblr-10941	1256	12	at	at	ADP
cblr-10941	1256	13	larger	large	ADJ
cblr-10941	1256	14	businesses	business	NOUN
cblr-10941	1256	15	to	to	PART
cblr-10941	1256	16	act	act	VERB
cblr-10941	1256	17	.	.	PUNCT
cblr-10941	1257	1	if	if	SCONJ
cblr-10941	1257	2	the	the	DET
cblr-10941	1257	3	market	market	NOUN
cblr-10941	1257	4	conditions	condition	NOUN
cblr-10941	1257	5	are	be	AUX
cblr-10941	1257	6	right	right	ADJ
cblr-10941	1257	7	,	,	PUNCT
cblr-10941	1257	8	they	they	PRON
cblr-10941	1257	9	can	can	AUX
cblr-10941	1257	10	form	form	VERB
cblr-10941	1257	11	venture	venture	NOUN
cblr-10941	1257	12	carveouts	carveout	NOUN
cblr-10941	1257	13	to	to	PART
cblr-10941	1257	14	complete	complete	VERB
cblr-10941	1257	15	the	the	DET
cblr-10941	1257	16	commercialization	commercialization	NOUN
cblr-10941	1257	17	process	process	NOUN
cblr-10941	1257	18	.	.	PUNCT
cblr-10941	1258	1	c.	c.	NOUN
cblr-10941	1258	2	why	why	SCONJ
cblr-10941	1258	3	now	now	ADV
cblr-10941	1258	4	?	?	PUNCT
cblr-10941	1259	1	the	the	DET
cblr-10941	1259	2	venture	venture	NOUN
cblr-10941	1259	3	carveout	carveout	NOUN
cblr-10941	1259	4	did	do	AUX
cblr-10941	1259	5	n’t	not	PART
cblr-10941	1259	6	emerge	emerge	VERB
cblr-10941	1259	7	until	until	ADP
cblr-10941	1259	8	2018	2018	NUM
cblr-10941	1259	9	.	.	PUNCT
cblr-10941	1260	1	we	we	PRON
cblr-10941	1260	2	can	can	AUX
cblr-10941	1260	3	learn	learn	VERB
cblr-10941	1260	4	why	why	SCONJ
cblr-10941	1260	5	it	it	PRON
cblr-10941	1260	6	did	do	AUX
cblr-10941	1260	7	n’t	not	PART
cblr-10941	1260	8	emerge	emerge	VERB
cblr-10941	1260	9	earlier	early	ADV
cblr-10941	1260	10	by	by	ADP
cblr-10941	1260	11	considering	consider	VERB
cblr-10941	1260	12	its	its	PRON
cblr-10941	1260	13	ancestor	ancestor	NOUN
cblr-10941	1260	14	,	,	PUNCT
cblr-10941	1260	15	the	the	DET
cblr-10941	1260	16	equity	equity	NOUN
cblr-10941	1260	17	carveout	carveout	NOUN
cblr-10941	1260	18	.	.	PUNCT
cblr-10941	1261	1	thermo	thermo	NOUN
cblr-10941	1261	2	electron	electron	PROPN
cblr-10941	1261	3	developed	develop	VERB
cblr-10941	1261	4	equity	equity	NOUN
cblr-10941	1261	5	375	375	NUM
cblr-10941	1261	6	see	see	VERB
cblr-10941	1261	7	yiren	yiren	PROPN
cblr-10941	1261	8	lu	lu	PROPN
cblr-10941	1261	9	,	,	PUNCT
cblr-10941	1261	10	the	the	DET
cblr-10941	1261	11	gene	gene	NOUN
cblr-10941	1261	12	-	-	PUNCT
cblr-10941	1261	13	synthesis	synthesis	NOUN
cblr-10941	1261	14	revolution	revolution	NOUN
cblr-10941	1261	15	,	,	PUNCT
cblr-10941	1261	16	n.y	n.y	PROPN
cblr-10941	1261	17	.	.	PROPN
cblr-10941	1261	18	times	times	PROPN
cblr-10941	1261	19	(	(	PUNCT
cblr-10941	1261	20	nov	nov	PROPN
cblr-10941	1261	21	.	.	PROPN
cblr-10941	1261	22	24	24	NUM
cblr-10941	1261	23	,	,	PUNCT
cblr-10941	1261	24	2021	2021	NUM
cblr-10941	1261	25	)	)	PUNCT
cblr-10941	1261	26	,	,	PUNCT
cblr-10941	1261	27	https://www.nytimes.com/2021/11/24/magazine/gene-synthesis.html	https://www.nytimes.com/2021/11/24/magazine/gene-synthesis.html	PROPN
cblr-10941	1262	1	[	[	X
cblr-10941	1262	2	https://perma.cc/kj63-al2	https://perma.cc/kj63-al2	X
cblr-10941	1262	3	g	g	X
cblr-10941	1262	4	]	]	PUNCT
cblr-10941	1262	5	.	.	PUNCT
cblr-10941	1263	1	376	376	NUM
cblr-10941	1263	2	see	see	VERB
cblr-10941	1263	3	stanley	stanley	PROPN
cblr-10941	1263	4	reed	reed	PROPN
cblr-10941	1263	5	,	,	PUNCT
cblr-10941	1263	6	nuclear	nuclear	ADJ
cblr-10941	1263	7	fusion	fusion	NOUN
cblr-10941	1263	8	edges	edge	NOUN
cblr-10941	1263	9	toward	toward	ADP
cblr-10941	1263	10	the	the	DET
cblr-10941	1263	11	mainstream	mainstream	NOUN
cblr-10941	1263	12	,	,	PUNCT
cblr-10941	1263	13	n.y	n.y	PROPN
cblr-10941	1263	14	.	.	PROPN
cblr-10941	1263	15	times	times	PROPN
cblr-10941	1263	16	(	(	PUNCT
cblr-10941	1263	17	oct	oct	PROPN
cblr-10941	1263	18	.	.	PROPN
cblr-10941	1263	19	18	18	NUM
cblr-10941	1263	20	,	,	PUNCT
cblr-10941	1263	21	2021	2021	NUM
cblr-10941	1263	22	)	)	PUNCT
cblr-10941	1263	23	,	,	PUNCT
cblr-10941	1263	24	https://www.nytimes.com/2021/10/18/business/fusion-energy.html	https://www.nytimes.com/2021/10/18/business/fusion-energy.html	PROPN
cblr-10941	1264	1	[	[	X
cblr-10941	1264	2	https://perma.cc/x2v8-qk7w	https://perma.cc/x2v8-qk7w	NUM
cblr-10941	1264	3	]	]	PUNCT
cblr-10941	1264	4	.	.	PUNCT
cblr-10941	1265	1	938	938	NUM
cblr-10941	1265	2	columbia	columbia	PROPN
cblr-10941	1265	3	business	business	NOUN
cblr-10941	1265	4	law	law	PROPN
cblr-10941	1265	5	review	review	NOUN
cblr-10941	1265	6	[	[	X
cblr-10941	1265	7	vol	vol	NOUN
cblr-10941	1265	8	.	.	PUNCT
cblr-10941	1265	9	2022	2022	NUM
cblr-10941	1265	10	carveouts	carveout	NOUN
cblr-10941	1265	11	in	in	ADP
cblr-10941	1265	12	the	the	DET
cblr-10941	1265	13	early	early	ADJ
cblr-10941	1265	14	1980s.377	1980s.377	NUM
cblr-10941	1265	15	as	as	SCONJ
cblr-10941	1265	16	we	we	PRON
cblr-10941	1265	17	saw	see	VERB
cblr-10941	1265	18	in	in	ADP
cblr-10941	1265	19	part	part	PROPN
cblr-10941	1265	20	ii	ii	PROPN
cblr-10941	1265	21	,	,	PUNCT
cblr-10941	1265	22	thermo	thermo	PROPN
cblr-10941	1265	23	’s	’s	PART
cblr-10941	1265	24	equity	equity	NOUN
cblr-10941	1265	25	carveouts	carveout	NOUN
cblr-10941	1265	26	had	have	VERB
cblr-10941	1265	27	a	a	DET
cblr-10941	1265	28	public	public	ADJ
cblr-10941	1265	29	company	company	NOUN
cblr-10941	1265	30	parent	parent	NOUN
cblr-10941	1265	31	and	and	CCONJ
cblr-10941	1265	32	significant	significant	ADJ
cblr-10941	1265	33	employee	employee	NOUN
cblr-10941	1265	34	ownership.378	ownership.378	VERB
cblr-10941	1265	35	public	public	ADJ
cblr-10941	1265	36	shareholders	shareholder	NOUN
cblr-10941	1265	37	owned	own	VERB
cblr-10941	1265	38	the	the	DET
cblr-10941	1265	39	carveout	carveout	NOUN
cblr-10941	1265	40	’s	’s	PART
cblr-10941	1265	41	remaining	remain	VERB
cblr-10941	1265	42	shares	share	NOUN
cblr-10941	1265	43	.	.	PUNCT
cblr-10941	1266	1	the	the	DET
cblr-10941	1266	2	venture	venture	NOUN
cblr-10941	1266	3	carveout	carveout	NOUN
cblr-10941	1266	4	’s	’s	PART
cblr-10941	1266	5	innovation	innovation	NOUN
cblr-10941	1266	6	was	be	AUX
cblr-10941	1266	7	substituting	substitute	VERB
cblr-10941	1266	8	outside	outside	ADP
cblr-10941	1266	9	private	private	ADJ
cblr-10941	1266	10	investors	investor	NOUN
cblr-10941	1266	11	for	for	ADP
cblr-10941	1266	12	public	public	ADJ
cblr-10941	1266	13	ones	one	NOUN
cblr-10941	1266	14	.	.	PUNCT
cblr-10941	1267	1	that	that	DET
cblr-10941	1267	2	innovation	innovation	NOUN
cblr-10941	1267	3	was	be	AUX
cblr-10941	1267	4	made	make	VERB
cblr-10941	1267	5	possible	possible	ADJ
cblr-10941	1267	6	by	by	ADP
cblr-10941	1267	7	recent	recent	ADJ
cblr-10941	1267	8	developments	development	NOUN
cblr-10941	1267	9	in	in	ADP
cblr-10941	1267	10	capital	capital	NOUN
cblr-10941	1267	11	markets	market	NOUN
cblr-10941	1267	12	.	.	PUNCT
cblr-10941	1268	1	thermo	thermo	NOUN
cblr-10941	1268	2	electron	electron	NOUN
cblr-10941	1268	3	might	might	AUX
cblr-10941	1268	4	not	not	PART
cblr-10941	1268	5	have	have	AUX
cblr-10941	1268	6	been	be	AUX
cblr-10941	1268	7	able	able	ADJ
cblr-10941	1268	8	to	to	PART
cblr-10941	1268	9	raise	raise	VERB
cblr-10941	1268	10	large	large	ADJ
cblr-10941	1268	11	amounts	amount	NOUN
cblr-10941	1268	12	of	of	ADP
cblr-10941	1268	13	capital	capital	NOUN
cblr-10941	1268	14	from	from	ADP
cblr-10941	1268	15	private	private	ADJ
cblr-10941	1268	16	investors	investor	NOUN
cblr-10941	1268	17	when	when	SCONJ
cblr-10941	1268	18	it	it	PRON
cblr-10941	1268	19	formed	form	VERB
cblr-10941	1268	20	its	its	PRON
cblr-10941	1268	21	first	first	ADJ
cblr-10941	1268	22	equity	equity	NOUN
cblr-10941	1268	23	carveout	carveout	NOUN
cblr-10941	1268	24	in	in	ADP
cblr-10941	1268	25	the	the	DET
cblr-10941	1268	26	early	early	ADJ
cblr-10941	1268	27	1980s	1980s	NUM
cblr-10941	1268	28	.	.	PUNCT
cblr-10941	1269	1	the	the	DET
cblr-10941	1269	2	availability	availability	NOUN
cblr-10941	1269	3	of	of	ADP
cblr-10941	1269	4	private	private	ADJ
cblr-10941	1269	5	capital	capital	NOUN
cblr-10941	1269	6	has	have	AUX
cblr-10941	1269	7	increased	increase	VERB
cblr-10941	1269	8	dramatically	dramatically	ADV
cblr-10941	1269	9	in	in	ADP
cblr-10941	1269	10	the	the	DET
cblr-10941	1269	11	last	last	ADJ
cblr-10941	1269	12	few	few	ADJ
cblr-10941	1269	13	decades	decade	NOUN
cblr-10941	1269	14	.	.	PUNCT
cblr-10941	1270	1	the	the	DET
cblr-10941	1270	2	increase	increase	NOUN
cblr-10941	1270	3	is	be	AUX
cblr-10941	1270	4	in	in	ADP
cblr-10941	1270	5	part	part	NOUN
cblr-10941	1270	6	due	due	ADJ
cblr-10941	1270	7	to	to	PART
cblr-10941	1270	8	deregulation.379	deregulation.379	VERB
cblr-10941	1270	9	in	in	ADP
cblr-10941	1270	10	1982	1982	NUM
cblr-10941	1270	11	,	,	PUNCT
cblr-10941	1270	12	the	the	DET
cblr-10941	1270	13	sec	sec	PROPN
cblr-10941	1270	14	promulgated	promulgate	VERB
cblr-10941	1270	15	regulation	regulation	NOUN
cblr-10941	1270	16	d	d	NOUN
cblr-10941	1270	17	,	,	PUNCT
cblr-10941	1270	18	which	which	PRON
cblr-10941	1270	19	created	create	VERB
cblr-10941	1270	20	safe	safe	ADJ
cblr-10941	1270	21	harbors	harbor	NOUN
cblr-10941	1270	22	from	from	ADP
cblr-10941	1270	23	registration	registration	NOUN
cblr-10941	1270	24	for	for	ADP
cblr-10941	1270	25	securities	security	NOUN
cblr-10941	1270	26	offerings	offering	NOUN
cblr-10941	1270	27	to	to	ADP
cblr-10941	1270	28	accredited	accredit	VERB
cblr-10941	1270	29	investors.380	investors.380	NOUN
cblr-10941	1270	30	regulation	regulation	NOUN
cblr-10941	1270	31	d	d	NOUN
cblr-10941	1270	32	greatly	greatly	ADV
cblr-10941	1270	33	expanded	expand	VERB
cblr-10941	1270	34	opportunities	opportunity	NOUN
cblr-10941	1270	35	for	for	ADP
cblr-10941	1270	36	private	private	ADJ
cblr-10941	1270	37	placements	placement	NOUN
cblr-10941	1270	38	.	.	PUNCT
cblr-10941	1271	1	then	then	ADV
cblr-10941	1271	2	in	in	ADP
cblr-10941	1271	3	1990	1990	NUM
cblr-10941	1271	4	,	,	PUNCT
cblr-10941	1271	5	the	the	DET
cblr-10941	1271	6	sec	sec	PROPN
cblr-10941	1271	7	deregulated	deregulate	VERB
cblr-10941	1271	8	the	the	DET
cblr-10941	1271	9	resale	resale	NOUN
cblr-10941	1271	10	of	of	ADP
cblr-10941	1271	11	private	private	ADJ
cblr-10941	1271	12	securities	security	NOUN
cblr-10941	1271	13	,	,	PUNCT
cblr-10941	1271	14	through	through	ADP
cblr-10941	1271	15	the	the	DET
cblr-10941	1271	16	adoption	adoption	NOUN
cblr-10941	1271	17	of	of	ADP
cblr-10941	1271	18	rule	rule	NOUN
cblr-10941	1271	19	144a	144a	PROPN
cblr-10941	1271	20	,	,	PUNCT
cblr-10941	1271	21	which	which	PRON
cblr-10941	1271	22	permits	permit	VERB
cblr-10941	1271	23	unregistered	unregistered	ADJ
cblr-10941	1271	24	securities	security	NOUN
cblr-10941	1271	25	to	to	PART
cblr-10941	1271	26	be	be	AUX
cblr-10941	1271	27	resold	resold	VERB
cblr-10941	1271	28	to	to	ADP
cblr-10941	1271	29	large	large	ADJ
cblr-10941	1271	30	institutional	institutional	ADJ
cblr-10941	1271	31	investors.381	investors.381	NOUN
cblr-10941	1271	32	the	the	DET
cblr-10941	1271	33	sec	sec	PROPN
cblr-10941	1271	34	has	have	AUX
cblr-10941	1271	35	since	since	SCONJ
cblr-10941	1271	36	amended	amend	VERB
cblr-10941	1271	37	rule	rule	NOUN
cblr-10941	1271	38	144	144	NUM
cblr-10941	1271	39	,	,	PUNCT
cblr-10941	1271	40	so	so	SCONJ
cblr-10941	1271	41	that	that	SCONJ
cblr-10941	1271	42	it	it	PRON
cblr-10941	1271	43	now	now	ADV
cblr-10941	1271	44	permits	permit	VERB
cblr-10941	1271	45	private	private	ADJ
cblr-10941	1271	46	securities	security	NOUN
cblr-10941	1271	47	to	to	PART
cblr-10941	1271	48	be	be	AUX
cblr-10941	1271	49	resold	resold	VERB
cblr-10941	1271	50	after	after	ADP
cblr-10941	1271	51	a	a	DET
cblr-10941	1271	52	holding	hold	VERB
cblr-10941	1271	53	period.382	period.382	VERB
cblr-10941	1271	54	the	the	DET
cblr-10941	1271	55	net	net	ADJ
cblr-10941	1271	56	effect	effect	NOUN
cblr-10941	1271	57	of	of	ADP
cblr-10941	1271	58	this	this	DET
cblr-10941	1271	59	deregulation	deregulation	NOUN
cblr-10941	1271	60	was	be	AUX
cblr-10941	1271	61	to	to	PART
cblr-10941	1271	62	make	make	VERB
cblr-10941	1271	63	it	it	PRON
cblr-10941	1271	64	easier	easy	ADJ
cblr-10941	1271	65	to	to	PART
cblr-10941	1271	66	sell	sell	VERB
cblr-10941	1271	67	private	private	ADJ
cblr-10941	1271	68	securities	security	NOUN
cblr-10941	1271	69	and	and	CCONJ
cblr-10941	1271	70	to	to	PART
cblr-10941	1271	71	increase	increase	VERB
cblr-10941	1271	72	their	their	PRON
cblr-10941	1271	73	liquidity	liquidity	NOUN
cblr-10941	1271	74	.	.	PUNCT
cblr-10941	1272	1	377	377	NUM
cblr-10941	1272	2	as	as	ADV
cblr-10941	1272	3	early	early	ADV
cblr-10941	1272	4	as	as	ADP
cblr-10941	1272	5	the	the	DET
cblr-10941	1272	6	late	late	ADJ
cblr-10941	1272	7	1960s	1960	NOUN
cblr-10941	1272	8	,	,	PUNCT
cblr-10941	1272	9	corporations	corporation	NOUN
cblr-10941	1272	10	were	be	AUX
cblr-10941	1272	11	using	use	VERB
cblr-10941	1272	12	spinoffs	spinoff	NOUN
cblr-10941	1272	13	to	to	PART
cblr-10941	1272	14	raise	raise	VERB
cblr-10941	1272	15	capital	capital	NOUN
cblr-10941	1272	16	for	for	ADP
cblr-10941	1272	17	technology	technology	NOUN
cblr-10941	1272	18	projects	project	NOUN
cblr-10941	1272	19	.	.	PUNCT
cblr-10941	1273	1	see	see	VERB
cblr-10941	1273	2	tom	tom	PROPN
cblr-10941	1273	3	nicholas	nicholas	PROPN
cblr-10941	1273	4	,	,	PUNCT
cblr-10941	1273	5	vc	vc	NOUN
cblr-10941	1273	6	:	:	PUNCT
cblr-10941	1273	7	an	an	DET
cblr-10941	1273	8	american	american	ADJ
cblr-10941	1273	9	history	history	NOUN
cblr-10941	1273	10	243–44	243–44	PROPN
cblr-10941	1273	11	(	(	PUNCT
cblr-10941	1273	12	2019	2019	NUM
cblr-10941	1273	13	)	)	PUNCT
cblr-10941	1273	14	.	.	PUNCT
cblr-10941	1274	1	378	378	NUM
cblr-10941	1274	2	see	see	VERB
cblr-10941	1274	3	powell	powell	PROPN
cblr-10941	1274	4	,	,	PUNCT
cblr-10941	1274	5	supra	supra	PROPN
cblr-10941	1274	6	note	note	PROPN
cblr-10941	1274	7	177	177	NUM
cblr-10941	1274	8	,	,	PUNCT
cblr-10941	1274	9	at	at	ADP
cblr-10941	1274	10	41–42	41–42	PROPN
cblr-10941	1274	11	.	.	PUNCT
cblr-10941	1275	1	379	379	NUM
cblr-10941	1275	2	see	see	VERB
cblr-10941	1275	3	elisabeth	elisabeth	PROPN
cblr-10941	1275	4	de	de	PROPN
cblr-10941	1275	5	fontenay	fontenay	PROPN
cblr-10941	1275	6	,	,	PUNCT
cblr-10941	1275	7	the	the	DET
cblr-10941	1275	8	deregulation	deregulation	NOUN
cblr-10941	1275	9	of	of	ADP
cblr-10941	1275	10	private	private	ADJ
cblr-10941	1275	11	capital	capital	NOUN
cblr-10941	1275	12	and	and	CCONJ
cblr-10941	1275	13	the	the	DET
cblr-10941	1275	14	decline	decline	NOUN
cblr-10941	1275	15	of	of	ADP
cblr-10941	1275	16	the	the	DET
cblr-10941	1275	17	public	public	ADJ
cblr-10941	1275	18	company	company	NOUN
cblr-10941	1275	19	,	,	PUNCT
cblr-10941	1275	20	68	68	NUM
cblr-10941	1275	21	hastings	hastings	PROPN
cblr-10941	1275	22	l.j	l.j	PROPN
cblr-10941	1275	23	.	.	PROPN
cblr-10941	1275	24	445	445	NUM
cblr-10941	1275	25	,	,	PUNCT
cblr-10941	1275	26	467–70	467–70	X
cblr-10941	1275	27	(	(	PUNCT
cblr-10941	1275	28	2017	2017	NUM
cblr-10941	1275	29	)	)	PUNCT
cblr-10941	1275	30	.	.	PUNCT
cblr-10941	1276	1	380	380	NUM
cblr-10941	1276	2	see	see	VERB
cblr-10941	1276	3	i	i	PRON
cblr-10941	1276	4	d.	d.	PROPN
cblr-10941	1276	5	at	at	ADP
cblr-10941	1276	6	467	467	NUM
cblr-10941	1276	7	;	;	PUNCT
cblr-10941	1276	8	see	see	VERB
cblr-10941	1276	9	sec	sec	PROPN
cblr-10941	1276	10	.	.	PUNCT
cblr-10941	1276	11	exch	exch	PROPN
cblr-10941	1276	12	.	.	PUNCT
cblr-10941	1277	1	comm’n	comm’n	PROPN
cblr-10941	1277	2	,	,	PUNCT
cblr-10941	1277	3	revision	revision	NOUN
cblr-10941	1277	4	of	of	ADP
cblr-10941	1277	5	certain	certain	ADJ
cblr-10941	1277	6	exemptions	exemption	NOUN
cblr-10941	1277	7	from	from	ADP
cblr-10941	1277	8	registration	registration	NOUN
cblr-10941	1277	9	for	for	ADP
cblr-10941	1277	10	transactions	transaction	NOUN
cblr-10941	1277	11	involving	involve	VERB
cblr-10941	1277	12	limited	limited	ADJ
cblr-10941	1277	13	offers	offer	NOUN
cblr-10941	1277	14	and	and	CCONJ
cblr-10941	1277	15	sales	sale	NOUN
cblr-10941	1277	16	,	,	PUNCT
cblr-10941	1277	17	s.e.c	s.e.c	NOUN
cblr-10941	1277	18	.	.	PUNCT
cblr-10941	1278	1	release	release	VERB
cblr-10941	1278	2	no	no	PRON
cblr-10941	1278	3	.	.	NOUN
cblr-10941	1279	1	33	33	NUM
cblr-10941	1279	2	-	-	SYM
cblr-10941	1279	3	6389	6389	NUM
cblr-10941	1279	4	,	,	PUNCT
cblr-10941	1279	5	47	47	NUM
cblr-10941	1279	6	fed	feed	VERB
cblr-10941	1279	7	.	.	PUNCT
cblr-10941	1280	1	reg	reg	PROPN
cblr-10941	1280	2	.	.	PUNCT
cblr-10941	1281	1	11,251	11,251	NUM
cblr-10941	1281	2	(	(	PUNCT
cblr-10941	1281	3	mar	mar	PROPN
cblr-10941	1281	4	.	.	PROPN
cblr-10941	1281	5	8	8	NUM
cblr-10941	1281	6	,	,	PUNCT
cblr-10941	1281	7	1982	1982	NUM
cblr-10941	1281	8	)	)	PUNCT
cblr-10941	1281	9	;	;	PUNCT
cblr-10941	1281	10	17	17	NUM
cblr-10941	1281	11	c.f.r	c.f.r	NOUN
cblr-10941	1281	12	.	.	PUNCT
cblr-10941	1282	1	§	§	PROPN
cblr-10941	1282	2	§	§	PROPN
cblr-10941	1282	3	230.500	230.500	NUM
cblr-10941	1282	4	-	-	SYM
cblr-10941	1282	5	08	08	NUM
cblr-10941	1282	6	.	.	PROPN
cblr-10941	1282	7	381	381	NUM
cblr-10941	1282	8	de	de	X
cblr-10941	1282	9	fontenay	fontenay	NOUN
cblr-10941	1282	10	,	,	PUNCT
cblr-10941	1282	11	supra	supra	PROPN
cblr-10941	1282	12	note	note	PROPN
cblr-10941	1282	13	379	379	NUM
cblr-10941	1282	14	,	,	PUNCT
cblr-10941	1282	15	at	at	ADP
cblr-10941	1282	16	468	468	NUM
cblr-10941	1282	17	;	;	PUNCT
cblr-10941	1282	18	see	see	VERB
cblr-10941	1282	19	sec	sec	PROPN
cblr-10941	1282	20	.	.	PUNCT
cblr-10941	1283	1	exch	exch	PROPN
cblr-10941	1283	2	.	.	PUNCT
cblr-10941	1284	1	comm’n	comm’n	PROPN
cblr-10941	1284	2	,	,	PUNCT
cblr-10941	1284	3	resale	resale	NOUN
cblr-10941	1284	4	of	of	ADP
cblr-10941	1284	5	restricted	restricted	ADJ
cblr-10941	1284	6	securities	security	NOUN
cblr-10941	1284	7	;	;	PUNCT
cblr-10941	1284	8	changes	change	NOUN
cblr-10941	1284	9	to	to	ADP
cblr-10941	1284	10	method	method	NOUN
cblr-10941	1284	11	of	of	ADP
cblr-10941	1284	12	determining	determine	VERB
cblr-10941	1284	13	holding	hold	VERB
cblr-10941	1284	14	period	period	NOUN
cblr-10941	1284	15	of	of	ADP
cblr-10941	1284	16	restricted	restricted	ADJ
cblr-10941	1284	17	securities	security	NOUN
cblr-10941	1284	18	under	under	ADP
cblr-10941	1284	19	rules	rule	NOUN
cblr-10941	1284	20	144	144	NUM
cblr-10941	1284	21	and	and	CCONJ
cblr-10941	1284	22	145	145	NUM
cblr-10941	1284	23	,	,	PUNCT
cblr-10941	1284	24	release	release	VERB
cblr-10941	1284	25	no	no	NOUN
cblr-10941	1284	26	.	.	NOUN
cblr-10941	1284	27	33	33	NUM
cblr-10941	1284	28	-	-	SYM
cblr-10941	1284	29	6862	6862	NUM
cblr-10941	1284	30	,	,	PUNCT
cblr-10941	1284	31	55	55	NUM
cblr-10941	1284	32	fed	feed	VERB
cblr-10941	1284	33	.	.	PUNCT
cblr-10941	1285	1	reg	reg	PROPN
cblr-10941	1285	2	.	.	PUNCT
cblr-10941	1286	1	17933	17933	NUM
cblr-10941	1286	2	(	(	PUNCT
cblr-10941	1286	3	apr	apr	PROPN
cblr-10941	1286	4	.	.	PROPN
cblr-10941	1286	5	30	30	NUM
cblr-10941	1286	6	,	,	PUNCT
cblr-10941	1286	7	1990	1990	NUM
cblr-10941	1286	8	)	)	PUNCT
cblr-10941	1286	9	;	;	PUNCT
cblr-10941	1286	10	17	17	NUM
cblr-10941	1286	11	c.f.r	c.f.r	NOUN
cblr-10941	1286	12	.	.	PUNCT
cblr-10941	1287	1	§	§	PROPN
cblr-10941	1287	2	230.144a	230.144a	NUM
cblr-10941	1287	3	.	.	PUNCT
cblr-10941	1288	1	382	382	NUM
cblr-10941	1288	2	see	see	VERB
cblr-10941	1288	3	de	de	ADP
cblr-10941	1288	4	fontenay	fontenay	NOUN
cblr-10941	1288	5	,	,	PUNCT
cblr-10941	1288	6	supra	supra	PROPN
cblr-10941	1288	7	note	note	PROPN
cblr-10941	1288	8	379	379	NUM
cblr-10941	1288	9	,	,	PUNCT
cblr-10941	1288	10	at	at	ADP
cblr-10941	1288	11	468	468	NUM
cblr-10941	1288	12	;	;	PUNCT
cblr-10941	1288	13	17	17	NUM
cblr-10941	1288	14	c.f.r	c.f.r	NOUN
cblr-10941	1288	15	.	.	PUNCT
cblr-10941	1289	1	§	§	PROPN
cblr-10941	1289	2	230.144	230.144	NUM
cblr-10941	1289	3	.	.	PUNCT
cblr-10941	1290	1	no	no	INTJ
cblr-10941	1290	2	.	.	PUNCT
cblr-10941	1291	1	2:859	2:859	NUM
cblr-10941	1291	2	]	]	X
cblr-10941	1291	3	moonshots	moonshot	NOUN
cblr-10941	1291	4	939	939	NUM
cblr-10941	1291	5	in	in	ADP
cblr-10941	1291	6	2018	2018	NUM
cblr-10941	1291	7	,	,	PUNCT
cblr-10941	1291	8	more	more	ADJ
cblr-10941	1291	9	than	than	ADP
cblr-10941	1291	10	$	$	SYM
cblr-10941	1291	11	1.4	1.4	NUM
cblr-10941	1291	12	trillion	trillion	NUM
cblr-10941	1291	13	in	in	ADP
cblr-10941	1291	14	capital	capital	NOUN
cblr-10941	1291	15	was	be	AUX
cblr-10941	1291	16	raised	raise	VERB
cblr-10941	1291	17	through	through	ADP
cblr-10941	1291	18	regulation	regulation	NOUN
cblr-10941	1291	19	d	d	NOUN
cblr-10941	1291	20	rule	rule	NOUN
cblr-10941	1291	21	506(b	506(b	PROPN
cblr-10941	1291	22	)	)	PUNCT
cblr-10941	1291	23	offerings.383	offerings.383	NOUN
cblr-10941	1291	24	the	the	DET
cblr-10941	1291	25	new	new	ADJ
cblr-10941	1291	26	universe	universe	NOUN
cblr-10941	1291	27	of	of	ADP
cblr-10941	1291	28	private	private	ADJ
cblr-10941	1291	29	capital	capital	NOUN
cblr-10941	1291	30	markets	market	NOUN
cblr-10941	1291	31	includes	include	VERB
cblr-10941	1291	32	(	(	PUNCT
cblr-10941	1291	33	1	1	NUM
cblr-10941	1291	34	)	)	PUNCT
cblr-10941	1291	35	larger	large	ADJ
cblr-10941	1291	36	and	and	CCONJ
cblr-10941	1291	37	longer	long	ADJ
cblr-10941	1291	38	-	-	PUNCT
cblr-10941	1291	39	term	term	NOUN
cblr-10941	1291	40	funds	fund	NOUN
cblr-10941	1291	41	managed	manage	VERB
cblr-10941	1291	42	by	by	ADP
cblr-10941	1291	43	traditional	traditional	ADJ
cblr-10941	1291	44	vc	vc	PROPN
cblr-10941	1291	45	firms	firm	NOUN
cblr-10941	1291	46	;	;	PUNCT
cblr-10941	1291	47	(	(	PUNCT
cblr-10941	1291	48	2	2	X
cblr-10941	1291	49	)	)	PUNCT
cblr-10941	1291	50	corporate	corporate	ADJ
cblr-10941	1291	51	vc	vc	NOUN
cblr-10941	1291	52	;	;	PUNCT
cblr-10941	1291	53	and	and	CCONJ
cblr-10941	1291	54	(	(	PUNCT
cblr-10941	1291	55	3	3	X
cblr-10941	1291	56	)	)	PUNCT
cblr-10941	1291	57	new	new	ADJ
cblr-10941	1291	58	specialist	specialist	NOUN
cblr-10941	1291	59	“	"	PUNCT
cblr-10941	1291	60	late	late	ADJ
cblr-10941	1291	61	-	-	PUNCT
cblr-10941	1291	62	stage	stage	NOUN
cblr-10941	1291	63	”	"	PUNCT
cblr-10941	1291	64	investors	investor	NOUN
cblr-10941	1291	65	.	.	PUNCT
cblr-10941	1292	1	each	each	PRON
cblr-10941	1292	2	of	of	ADP
cblr-10941	1292	3	these	these	DET
cblr-10941	1292	4	sources	source	NOUN
cblr-10941	1292	5	of	of	ADP
cblr-10941	1292	6	private	private	ADJ
cblr-10941	1292	7	capital	capital	NOUN
cblr-10941	1292	8	helps	help	VERB
cblr-10941	1292	9	to	to	PART
cblr-10941	1292	10	make	make	VERB
cblr-10941	1292	11	venture	venture	NOUN
cblr-10941	1292	12	carveouts	carveout	NOUN
cblr-10941	1292	13	viable	viable	ADJ
cblr-10941	1292	14	.	.	PUNCT
cblr-10941	1293	1	we	we	PRON
cblr-10941	1293	2	have	have	AUX
cblr-10941	1293	3	seen	see	VERB
cblr-10941	1293	4	how	how	SCONJ
cblr-10941	1293	5	the	the	DET
cblr-10941	1293	6	traditional	traditional	ADJ
cblr-10941	1293	7	vc	vc	PROPN
cblr-10941	1293	8	model	model	NOUN
cblr-10941	1293	9	,	,	PUNCT
cblr-10941	1293	10	with	with	ADP
cblr-10941	1293	11	its	its	PRON
cblr-10941	1293	12	limited	limited	ADJ
cblr-10941	1293	13	life	life	NOUN
cblr-10941	1293	14	funds	fund	NOUN
cblr-10941	1293	15	,	,	PUNCT
cblr-10941	1293	16	favors	favor	VERB
cblr-10941	1293	17	short	short	ADJ
cblr-10941	1293	18	-	-	PUNCT
cblr-10941	1293	19	term	term	NOUN
cblr-10941	1293	20	innovation.384	innovation.384	ADJ
cblr-10941	1293	21	but	but	CCONJ
cblr-10941	1293	22	the	the	DET
cblr-10941	1293	23	model	model	NOUN
cblr-10941	1293	24	is	be	AUX
cblr-10941	1293	25	changing	change	VERB
cblr-10941	1293	26	.	.	PUNCT
cblr-10941	1294	1	vcs	vcs	PROPN
cblr-10941	1294	2	are	be	AUX
cblr-10941	1294	3	increasingly	increasingly	ADV
cblr-10941	1294	4	asking	ask	VERB
cblr-10941	1294	5	their	their	PRON
cblr-10941	1294	6	lps	lps	NOUN
cblr-10941	1294	7	to	to	PART
cblr-10941	1294	8	extend	extend	VERB
cblr-10941	1294	9	the	the	DET
cblr-10941	1294	10	lives	life	NOUN
cblr-10941	1294	11	of	of	ADP
cblr-10941	1294	12	their	their	PRON
cblr-10941	1294	13	funds.385	funds.385	PROPN
cblr-10941	1294	14	vcs	vcs	PROPN
cblr-10941	1294	15	are	be	AUX
cblr-10941	1294	16	also	also	ADV
cblr-10941	1294	17	raising	raise	VERB
cblr-10941	1294	18	much	much	ADV
cblr-10941	1294	19	larger	large	ADJ
cblr-10941	1294	20	funds	fund	NOUN
cblr-10941	1294	21	.	.	PUNCT
cblr-10941	1295	1	in	in	ADP
cblr-10941	1295	2	the	the	DET
cblr-10941	1295	3	first	first	ADJ
cblr-10941	1295	4	quarter	quarter	NOUN
cblr-10941	1295	5	of	of	ADP
cblr-10941	1295	6	2020	2020	NUM
cblr-10941	1295	7	,	,	PUNCT
cblr-10941	1295	8	nearly	nearly	ADV
cblr-10941	1295	9	half	half	NOUN
cblr-10941	1295	10	of	of	ADP
cblr-10941	1295	11	all	all	DET
cblr-10941	1295	12	vc	vc	NOUN
cblr-10941	1295	13	capital	capital	NOUN
cblr-10941	1295	14	was	be	AUX
cblr-10941	1295	15	raised	raise	VERB
cblr-10941	1295	16	from	from	ADP
cblr-10941	1295	17	funds	fund	NOUN
cblr-10941	1295	18	of	of	ADP
cblr-10941	1295	19	$	$	SYM
cblr-10941	1295	20	1	1	NUM
cblr-10941	1295	21	billion	billion	NUM
cblr-10941	1295	22	or	or	CCONJ
cblr-10941	1295	23	more.386	more.386	NUM
cblr-10941	1295	24	one	one	NUM
cblr-10941	1295	25	vc	vc	NOUN
cblr-10941	1295	26	firm	firm	NOUN
cblr-10941	1295	27	that	that	PRON
cblr-10941	1295	28	exemplifies	exemplify	VERB
cblr-10941	1295	29	this	this	DET
cblr-10941	1295	30	trend	trend	NOUN
cblr-10941	1295	31	is	be	AUX
cblr-10941	1295	32	andreessen	andreessen	PROPN
cblr-10941	1295	33	horowitz	horowitz	PROPN
cblr-10941	1295	34	,	,	PUNCT
cblr-10941	1295	35	which	which	PRON
cblr-10941	1295	36	now	now	ADV
cblr-10941	1295	37	has	have	VERB
cblr-10941	1295	38	$	$	SYM
cblr-10941	1295	39	16.5	16.5	NUM
cblr-10941	1295	40	billion	billion	NUM
cblr-10941	1295	41	in	in	ADP
cblr-10941	1295	42	assets	asset	NOUN
cblr-10941	1295	43	under	under	ADP
cblr-10941	1295	44	management.387	management.387	NOUN
cblr-10941	1296	1	it	it	PRON
cblr-10941	1296	2	’s	’	VERB
cblr-10941	1296	3	probably	probably	ADV
cblr-10941	1296	4	not	not	PART
cblr-10941	1296	5	a	a	DET
cblr-10941	1296	6	coincidence	coincidence	NOUN
cblr-10941	1296	7	that	that	SCONJ
cblr-10941	1296	8	andreessen	andreessen	PROPN
cblr-10941	1296	9	horowitz	horowitz	PROPN
cblr-10941	1296	10	,	,	PUNCT
cblr-10941	1296	11	which	which	PRON
cblr-10941	1296	12	that	that	DET
cblr-10941	1296	13	much	much	ADJ
cblr-10941	1296	14	cash	cash	NOUN
cblr-10941	1296	15	to	to	PART
cblr-10941	1296	16	invest	invest	VERB
cblr-10941	1296	17	,	,	PUNCT
cblr-10941	1296	18	was	be	AUX
cblr-10941	1296	19	willing	willing	ADJ
cblr-10941	1296	20	to	to	PART
cblr-10941	1296	21	take	take	VERB
cblr-10941	1296	22	the	the	DET
cblr-10941	1296	23	longterm	longterm	ADJ
cblr-10941	1296	24	bet	bet	NOUN
cblr-10941	1296	25	that	that	SCONJ
cblr-10941	1296	26	waymo	waymo	PROPN
cblr-10941	1296	27	represented	represent	VERB
cblr-10941	1296	28	.	.	PUNCT
cblr-10941	1297	1	corporate	corporate	ADJ
cblr-10941	1297	2	vc	vc	PROPN
cblr-10941	1297	3	started	start	VERB
cblr-10941	1297	4	to	to	PART
cblr-10941	1297	5	take	take	VERB
cblr-10941	1297	6	off	off	ADP
cblr-10941	1297	7	the	the	DET
cblr-10941	1297	8	1960	1960	NUM
cblr-10941	1297	9	’s	’s	NOUN
cblr-10941	1297	10	but	but	CCONJ
cblr-10941	1297	11	grew	grow	VERB
cblr-10941	1297	12	significantly	significantly	ADV
cblr-10941	1297	13	in	in	ADP
cblr-10941	1297	14	the	the	DET
cblr-10941	1297	15	1980’s.388	1980’s.388	NUM
cblr-10941	1297	16	its	its	PRON
cblr-10941	1297	17	growth	growth	NOUN
cblr-10941	1297	18	has	have	AUX
cblr-10941	1297	19	accelerated	accelerate	VERB
cblr-10941	1297	20	in	in	ADP
cblr-10941	1297	21	recent	recent	ADJ
cblr-10941	1297	22	years	year	NOUN
cblr-10941	1297	23	.	.	PUNCT
cblr-10941	1298	1	one	one	NUM
cblr-10941	1298	2	study	study	NOUN
cblr-10941	1298	3	found	find	VERB
cblr-10941	1298	4	that	that	SCONJ
cblr-10941	1298	5	corporate	corporate	ADJ
cblr-10941	1298	6	vc	vc	PROPN
cblr-10941	1298	7	investments	investment	NOUN
cblr-10941	1298	8	represented	represent	VERB
cblr-10941	1298	9	26	26	NUM
cblr-10941	1298	10	%	%	NOUN
cblr-10941	1298	11	of	of	ADP
cblr-10941	1298	12	all	all	DET
cblr-10941	1298	13	vc	vc	NOUN
cblr-10941	1298	14	dollars	dollar	NOUN
cblr-10941	1298	15	invested	invest	VERB
cblr-10941	1298	16	in	in	ADP
cblr-10941	1298	17	2017	2017	NUM
cblr-10941	1298	18	,	,	PUNCT
cblr-10941	1298	19	up	up	ADV
cblr-10941	1298	20	from	from	ADP
cblr-10941	1298	21	20	20	NUM
cblr-10941	1298	22	%	%	NOUN
cblr-10941	1298	23	in	in	ADP
cblr-10941	1298	24	2012.389	2012.389	NUM
cblr-10941	1298	25	corporate	corporate	ADJ
cblr-10941	1298	26	vcs	vcs	NOUN
cblr-10941	1298	27	are	be	AUX
cblr-10941	1298	28	especially	especially	ADV
cblr-10941	1298	29	likely	likely	ADJ
cblr-10941	1298	30	to	to	PART
cblr-10941	1298	31	invest	invest	VERB
cblr-10941	1298	32	in	in	ADP
cblr-10941	1298	33	venture	venture	NOUN
cblr-10941	1298	34	carveouts	carveout	NOUN
cblr-10941	1298	35	because	because	SCONJ
cblr-10941	1298	36	they	they	PRON
cblr-10941	1298	37	pursue	pursue	VERB
cblr-10941	1298	38	strategic	strategic	ADJ
cblr-10941	1298	39	goals	goal	NOUN
cblr-10941	1298	40	in	in	ADP
cblr-10941	1298	41	383	383	NUM
cblr-10941	1298	42	sec	sec	PROPN
cblr-10941	1298	43	.	.	PUNCT
cblr-10941	1299	1	exch	exch	PROPN
cblr-10941	1299	2	.	.	PUNCT
cblr-10941	1300	1	comm’n	comm’n	PROPN
cblr-10941	1300	2	,	,	PUNCT
cblr-10941	1301	1	concept	concept	NOUN
cblr-10941	1301	2	release	release	NOUN
cblr-10941	1301	3	on	on	ADP
cblr-10941	1301	4	harmonization	harmonization	NOUN
cblr-10941	1301	5	of	of	ADP
cblr-10941	1301	6	securities	security	NOUN
cblr-10941	1301	7	offering	offering	NOUN
cblr-10941	1301	8	exemptions	exemption	NOUN
cblr-10941	1301	9	,	,	PUNCT
cblr-10941	1301	10	84	84	NUM
cblr-10941	1301	11	fed	feed	VERB
cblr-10941	1301	12	.	.	PUNCT
cblr-10941	1302	1	reg	reg	PROPN
cblr-10941	1302	2	.	.	PUNCT
cblr-10941	1303	1	30460	30460	NUM
cblr-10941	1303	2	,	,	PUNCT
cblr-10941	1303	3	30466	30466	NUM
cblr-10941	1303	4	(	(	PUNCT
cblr-10941	1303	5	june	june	PROPN
cblr-10941	1303	6	26	26	NUM
cblr-10941	1303	7	,	,	PUNCT
cblr-10941	1303	8	2019	2019	NUM
cblr-10941	1303	9	)	)	PUNCT
cblr-10941	1303	10	.	.	PUNCT
cblr-10941	1304	1	384	384	NUM
cblr-10941	1304	2	see	see	VERB
cblr-10941	1304	3	supra	supra	PROPN
cblr-10941	1304	4	section	section	PROPN
cblr-10941	1304	5	iii.a	iii.a	PROPN
cblr-10941	1304	6	.	.	PROPN
cblr-10941	1304	7	385	385	NUM
cblr-10941	1304	8	see	see	VERB
cblr-10941	1304	9	mulcahy	mulcahy	PROPN
cblr-10941	1304	10	,	,	PUNCT
cblr-10941	1304	11	supra	supra	PROPN
cblr-10941	1304	12	note	note	NOUN
cblr-10941	1304	13	139	139	NUM
cblr-10941	1304	14	.	.	PUNCT
cblr-10941	1305	1	386	386	NUM
cblr-10941	1305	2	james	james	PROPN
cblr-10941	1305	3	thorne	thorne	PROPN
cblr-10941	1305	4	,	,	PUNCT
cblr-10941	1305	5	mega	mega	NOUN
cblr-10941	1305	6	-	-	NOUN
cblr-10941	1305	7	funds	fund	NOUN
cblr-10941	1305	8	thrive	thrive	VERB
cblr-10941	1305	9	despite	despite	SCONJ
cblr-10941	1305	10	hard	hard	ADJ
cblr-10941	1305	11	times	time	NOUN
cblr-10941	1305	12	for	for	ADP
cblr-10941	1305	13	small	small	ADJ
cblr-10941	1305	14	and	and	CCONJ
cblr-10941	1305	15	first	first	ADJ
cblr-10941	1305	16	-	-	PUNCT
cblr-10941	1305	17	time	time	NOUN
cblr-10941	1305	18	vcs	vcs	PROPN
cblr-10941	1305	19	,	,	PUNCT
cblr-10941	1305	20	pitchbook	pitchbook	VERB
cblr-10941	1305	21	(	(	PUNCT
cblr-10941	1305	22	apr	apr	NOUN
cblr-10941	1305	23	.	.	PROPN
cblr-10941	1305	24	14	14	NUM
cblr-10941	1305	25	,	,	PUNCT
cblr-10941	1305	26	2020	2020	NUM
cblr-10941	1305	27	)	)	PUNCT
cblr-10941	1305	28	,	,	PUNCT
cblr-10941	1305	29	https://pitchbook.com/news/articles/mega-funds-thrive-despite-hard-timesfor-small-and-first-time-vcs	https://pitchbook.com/news/articles/mega-funds-thrive-despite-hard-timesfor-small-and-first-time-vcs	PROPN
cblr-10941	1306	1	[	[	X
cblr-10941	1306	2	https://perma.cc/9lxu-4qtz	https://perma.cc/9lxu-4qtz	NOUN
cblr-10941	1306	3	]	]	X
cblr-10941	1306	4	.	.	PUNCT
cblr-10941	1307	1	387	387	NUM
cblr-10941	1307	2	press	press	NOUN
cblr-10941	1307	3	release	release	NOUN
cblr-10941	1307	4	,	,	PUNCT
cblr-10941	1307	5	andreessen	andreessen	PROPN
cblr-10941	1307	6	horowitz	horowitz	PROPN
cblr-10941	1307	7	,	,	PUNCT
cblr-10941	1307	8	fund	fund	NOUN
cblr-10941	1307	9	vii	vii	PROPN
cblr-10941	1307	10	and	and	CCONJ
cblr-10941	1307	11	growth	growth	PROPN
cblr-10941	1307	12	fund	fund	PROPN
cblr-10941	1307	13	ii	ii	PROPN
cblr-10941	1307	14	,	,	PUNCT
cblr-10941	1307	15	(	(	PUNCT
cblr-10941	1307	16	nov	nov	PROPN
cblr-10941	1307	17	.	.	PROPN
cblr-10941	1307	18	20	20	NUM
cblr-10941	1307	19	,	,	PUNCT
cblr-10941	1307	20	2020	2020	NUM
cblr-10941	1307	21	)	)	PUNCT
cblr-10941	1307	22	,	,	PUNCT
cblr-10941	1307	23	https://a16z.com/2020/11/20/fund-vii-and-growth-fundii/	https://a16z.com/2020/11/20/fund-vii-and-growth-fundii/	NUM
cblr-10941	1308	1	[	[	X
cblr-10941	1308	2	https://perma.cc/qz7v-ecvm	https://perma.cc/qz7v-ecvm	X
cblr-10941	1308	3	]	]	PUNCT
cblr-10941	1308	4	.	.	PUNCT
cblr-10941	1309	1	388	388	NUM
cblr-10941	1309	2	see	see	VERB
cblr-10941	1309	3	nicholas	nicholas	PROPN
cblr-10941	1309	4	,	,	PUNCT
cblr-10941	1309	5	supra	supra	PROPN
cblr-10941	1309	6	note	note	PROPN
cblr-10941	1309	7	377	377	NUM
cblr-10941	1309	8	,	,	PUNCT
cblr-10941	1309	9	at	at	ADP
cblr-10941	1309	10	243–44	243–44	PROPN
cblr-10941	1309	11	.	.	PROPN
cblr-10941	1310	1	389	389	NUM
cblr-10941	1310	2	michael	michael	PROPN
cblr-10941	1310	3	brigi	brigi	PROPN
cblr-10941	1310	4	et	et	PROPN
cblr-10941	1310	5	al	al	PROPN
cblr-10941	1310	6	.	.	PROPN
cblr-10941	1310	7	,	,	PUNCT
cblr-10941	1310	8	how	how	SCONJ
cblr-10941	1310	9	the	the	DET
cblr-10941	1310	10	best	good	ADJ
cblr-10941	1310	11	corporate	corporate	ADJ
cblr-10941	1310	12	venturers	venturer	NOUN
cblr-10941	1310	13	keep	keep	VERB
cblr-10941	1310	14	getting	get	VERB
cblr-10941	1310	15	better	well	ADJ
cblr-10941	1310	16	,	,	PUNCT
cblr-10941	1310	17	boston	boston	PROPN
cblr-10941	1310	18	consulting	consulting	PROPN
cblr-10941	1310	19	grp	grp	PROPN
cblr-10941	1310	20	.	.	PUNCT
cblr-10941	1311	1	(	(	PUNCT
cblr-10941	1311	2	aug	aug	PROPN
cblr-10941	1311	3	.	.	PROPN
cblr-10941	1311	4	22	22	NUM
cblr-10941	1311	5	,	,	PUNCT
cblr-10941	1311	6	2018	2018	NUM
cblr-10941	1311	7	)	)	PUNCT
cblr-10941	1311	8	,	,	PUNCT
cblr-10941	1311	9	https://www.bcg.com/enus/publications/2018/how-best-corporate-venturers-keep-getting-better	https://www.bcg.com/enus/publications/2018/how-best-corporate-venturers-keep-getting-better	PUNCT
cblr-10941	1312	1	[	[	X
cblr-10941	1312	2	https://perma.cc/gsj9-ttkl	https://perma.cc/gsj9-ttkl	PROPN
cblr-10941	1312	3	]	]	PUNCT
cblr-10941	1312	4	.	.	PUNCT
cblr-10941	1313	1	940	940	NUM
cblr-10941	1313	2	columbia	columbia	PROPN
cblr-10941	1313	3	business	business	NOUN
cblr-10941	1313	4	law	law	PROPN
cblr-10941	1313	5	review	review	NOUN
cblr-10941	1313	6	[	[	X
cblr-10941	1313	7	vol	vol	NOUN
cblr-10941	1313	8	.	.	PUNCT
cblr-10941	1313	9	2022	2022	NUM
cblr-10941	1313	10	addition	addition	NOUN
cblr-10941	1313	11	to	to	ADP
cblr-10941	1313	12	financial	financial	ADJ
cblr-10941	1313	13	returns.390	returns.390	PRON
cblr-10941	1313	14	corporate	corporate	ADJ
cblr-10941	1313	15	vcs	vcs	PROPN
cblr-10941	1313	16	can	can	AUX
cblr-10941	1313	17	use	use	VERB
cblr-10941	1313	18	investments	investment	NOUN
cblr-10941	1313	19	to	to	PART
cblr-10941	1313	20	learn	learn	VERB
cblr-10941	1313	21	more	more	ADJ
cblr-10941	1313	22	about	about	ADP
cblr-10941	1313	23	an	an	DET
cblr-10941	1313	24	emerging	emerge	VERB
cblr-10941	1313	25	technology	technology	NOUN
cblr-10941	1313	26	or	or	CCONJ
cblr-10941	1313	27	to	to	PART
cblr-10941	1313	28	gain	gain	VERB
cblr-10941	1313	29	an	an	DET
cblr-10941	1313	30	inside	inside	ADJ
cblr-10941	1313	31	track	track	NOUN
cblr-10941	1313	32	to	to	ADP
cblr-10941	1313	33	a	a	DET
cblr-10941	1313	34	commercial	commercial	ADJ
cblr-10941	1313	35	deal	deal	NOUN
cblr-10941	1313	36	with	with	ADP
cblr-10941	1313	37	the	the	DET
cblr-10941	1313	38	company	company	NOUN
cblr-10941	1313	39	developing	develop	VERB
cblr-10941	1313	40	it	it	PRON
cblr-10941	1313	41	.	.	PUNCT
cblr-10941	1314	1	that	that	PRON
cblr-10941	1314	2	’s	’	VERB
cblr-10941	1314	3	why	why	SCONJ
cblr-10941	1314	4	microsoft	microsoft	PROPN
cblr-10941	1314	5	and	and	CCONJ
cblr-10941	1314	6	walmart	walmart	PROPN
cblr-10941	1314	7	invested	invest	VERB
cblr-10941	1314	8	in	in	ADP
cblr-10941	1314	9	cruise	cruise	NOUN
cblr-10941	1314	10	and	and	CCONJ
cblr-10941	1314	11	magna	magna	PROPN
cblr-10941	1314	12	and	and	CCONJ
cblr-10941	1314	13	autonation	autonation	NOUN
cblr-10941	1314	14	invested	invest	VERB
cblr-10941	1314	15	in	in	ADP
cblr-10941	1314	16	waymo.391	waymo.391	ADJ
cblr-10941	1314	17	corporate	corporate	ADJ
cblr-10941	1314	18	vcs	vcs	PROPN
cblr-10941	1314	19	can	can	AUX
cblr-10941	1314	20	also	also	ADV
cblr-10941	1314	21	tolerate	tolerate	VERB
cblr-10941	1314	22	long	long	ADJ
cblr-10941	1314	23	-	-	PUNCT
cblr-10941	1314	24	term	term	NOUN
cblr-10941	1314	25	bets	bet	NOUN
cblr-10941	1314	26	because	because	SCONJ
cblr-10941	1314	27	they	they	PRON
cblr-10941	1314	28	invest	invest	VERB
cblr-10941	1314	29	directly	directly	ADV
cblr-10941	1314	30	.	.	PUNCT
cblr-10941	1315	1	they	they	PRON
cblr-10941	1315	2	do	do	AUX
cblr-10941	1315	3	n’t	not	PART
cblr-10941	1315	4	need	need	VERB
cblr-10941	1315	5	to	to	PART
cblr-10941	1315	6	return	return	VERB
cblr-10941	1315	7	the	the	DET
cblr-10941	1315	8	capital	capital	NOUN
cblr-10941	1315	9	to	to	ADP
cblr-10941	1315	10	lps	lps	PROPN
cblr-10941	1315	11	.	.	PUNCT
cblr-10941	1316	1	in	in	ADP
cblr-10941	1316	2	the	the	DET
cblr-10941	1316	3	last	last	ADJ
cblr-10941	1316	4	decade	decade	NOUN
cblr-10941	1316	5	,	,	PUNCT
cblr-10941	1316	6	new	new	ADJ
cblr-10941	1316	7	classes	class	NOUN
cblr-10941	1316	8	of	of	ADP
cblr-10941	1316	9	investors	investor	NOUN
cblr-10941	1316	10	—	—	PUNCT
cblr-10941	1316	11	including	include	VERB
cblr-10941	1316	12	mutual	mutual	ADJ
cblr-10941	1316	13	funds	fund	NOUN
cblr-10941	1316	14	,	,	PUNCT
cblr-10941	1316	15	pension	pension	NOUN
cblr-10941	1316	16	funds	fund	NOUN
cblr-10941	1316	17	,	,	PUNCT
cblr-10941	1316	18	and	and	CCONJ
cblr-10941	1316	19	sovereign	sovereign	ADJ
cblr-10941	1316	20	wealth	wealth	NOUN
cblr-10941	1316	21	funds	fund	NOUN
cblr-10941	1316	22	—	—	PUNCT
cblr-10941	1316	23	have	have	AUX
cblr-10941	1316	24	started	start	VERB
cblr-10941	1316	25	to	to	PART
cblr-10941	1316	26	invest	invest	VERB
cblr-10941	1316	27	directly	directly	ADV
cblr-10941	1316	28	in	in	ADP
cblr-10941	1316	29	late	late	ADJ
cblr-10941	1316	30	-	-	PUNCT
cblr-10941	1316	31	stage	stage	NOUN
cblr-10941	1316	32	startups.392	startups.392	NOUN
cblr-10941	1316	33	each	each	PRON
cblr-10941	1316	34	of	of	ADP
cblr-10941	1316	35	these	these	DET
cblr-10941	1316	36	classes	class	NOUN
cblr-10941	1316	37	of	of	ADP
cblr-10941	1316	38	investors	investor	NOUN
cblr-10941	1316	39	traditionally	traditionally	ADV
cblr-10941	1316	40	invested	invest	VERB
cblr-10941	1316	41	through	through	ADP
cblr-10941	1316	42	vc	vc	NOUN
cblr-10941	1316	43	intermediaries	intermediary	NOUN
cblr-10941	1316	44	.	.	PUNCT
cblr-10941	1317	1	disintermediation	disintermediation	NOUN
cblr-10941	1317	2	lets	let	VERB
cblr-10941	1317	3	investors	investor	NOUN
cblr-10941	1317	4	dispense	dispense	VERB
cblr-10941	1317	5	with	with	ADP
cblr-10941	1317	6	the	the	DET
cblr-10941	1317	7	fees	fee	NOUN
cblr-10941	1317	8	they	they	PRON
cblr-10941	1317	9	pay	pay	VERB
cblr-10941	1317	10	to	to	ADP
cblr-10941	1317	11	vcs	vcs	PROPN
cblr-10941	1317	12	,	,	PUNCT
cblr-10941	1317	13	which	which	PRON
cblr-10941	1317	14	increases	increase	VERB
cblr-10941	1317	15	their	their	PRON
cblr-10941	1317	16	net	net	ADJ
cblr-10941	1317	17	returns	return	NOUN
cblr-10941	1317	18	.	.	PUNCT
cblr-10941	1318	1	it	it	PRON
cblr-10941	1318	2	could	could	AUX
cblr-10941	1318	3	also	also	ADV
cblr-10941	1318	4	let	let	VERB
cblr-10941	1318	5	investors	investor	NOUN
cblr-10941	1318	6	take	take	VERB
cblr-10941	1318	7	a	a	DET
cblr-10941	1318	8	longer	long	ADJ
cblr-10941	1318	9	-	-	PUNCT
cblr-10941	1318	10	term	term	NOUN
cblr-10941	1318	11	perspective	perspective	NOUN
cblr-10941	1318	12	,	,	PUNCT
cblr-10941	1318	13	because	because	SCONJ
cblr-10941	1318	14	they	they	PRON
cblr-10941	1318	15	do	do	AUX
cblr-10941	1318	16	n’t	not	PART
cblr-10941	1318	17	have	have	VERB
cblr-10941	1318	18	to	to	PART
cblr-10941	1318	19	worry	worry	VERB
cblr-10941	1318	20	about	about	ADP
cblr-10941	1318	21	monitoring	monitor	VERB
cblr-10941	1318	22	vc	vc	ADP
cblr-10941	1318	23	performance	performance	NOUN
cblr-10941	1318	24	.	.	PUNCT
cblr-10941	1319	1	the	the	DET
cblr-10941	1319	2	cost	cost	NOUN
cblr-10941	1319	3	of	of	ADP
cblr-10941	1319	4	disintermediation	disintermediation	NOUN
cblr-10941	1319	5	,	,	PUNCT
cblr-10941	1319	6	however	however	ADV
cblr-10941	1319	7	,	,	PUNCT
cblr-10941	1319	8	is	be	AUX
cblr-10941	1319	9	that	that	SCONJ
cblr-10941	1319	10	these	these	DET
cblr-10941	1319	11	investors	investor	NOUN
cblr-10941	1319	12	might	might	AUX
cblr-10941	1319	13	lack	lack	VERB
cblr-10941	1319	14	the	the	DET
cblr-10941	1319	15	specialized	specialized	ADJ
cblr-10941	1319	16	skills	skill	NOUN
cblr-10941	1319	17	that	that	PRON
cblr-10941	1319	18	vcs	vcs	PROPN
cblr-10941	1319	19	have	have	AUX
cblr-10941	1319	20	honed	hone	VERB
cblr-10941	1319	21	.	.	PUNCT
cblr-10941	1320	1	the	the	DET
cblr-10941	1320	2	most	most	ADV
cblr-10941	1320	3	interesting	interesting	ADJ
cblr-10941	1320	4	of	of	ADP
cblr-10941	1320	5	these	these	DET
cblr-10941	1320	6	late	late	ADJ
cblr-10941	1320	7	-	-	PUNCT
cblr-10941	1320	8	stage	stage	NOUN
cblr-10941	1320	9	investors	investor	NOUN
cblr-10941	1320	10	is	be	AUX
cblr-10941	1320	11	a	a	DET
cblr-10941	1320	12	new	new	ADJ
cblr-10941	1320	13	kind	kind	NOUN
cblr-10941	1320	14	of	of	ADP
cblr-10941	1320	15	intermediary	intermediary	NOUN
cblr-10941	1320	16	.	.	PUNCT
cblr-10941	1321	1	in	in	ADP
cblr-10941	1321	2	2017	2017	NUM
cblr-10941	1321	3	,	,	PUNCT
cblr-10941	1321	4	the	the	DET
cblr-10941	1321	5	japanese	japanese	ADJ
cblr-10941	1321	6	conglomerate	conglomerate	NOUN
cblr-10941	1321	7	softbank	softbank	PROPN
cblr-10941	1321	8	raised	raise	VERB
cblr-10941	1321	9	the	the	DET
cblr-10941	1321	10	vision	vision	NOUN
cblr-10941	1321	11	fund	fund	PROPN
cblr-10941	1321	12	,	,	PUNCT
cblr-10941	1321	13	an	an	DET
cblr-10941	1321	14	unprecedented	unprecedented	ADJ
cblr-10941	1321	15	$	$	SYM
cblr-10941	1321	16	100	100	NUM
cblr-10941	1321	17	billion	billion	NUM
cblr-10941	1321	18	private	private	ADJ
cblr-10941	1321	19	investment	investment	NOUN
cblr-10941	1321	20	fund.393	fund.393	VERB
cblr-10941	1321	21	its	its	PRON
cblr-10941	1321	22	mission	mission	NOUN
cblr-10941	1321	23	was	be	AUX
cblr-10941	1321	24	to	to	PART
cblr-10941	1321	25	“	"	PUNCT
cblr-10941	1321	26	own	own	VERB
cblr-10941	1321	27	pieces	piece	NOUN
cblr-10941	1321	28	of	of	ADP
cblr-10941	1321	29	all	all	DET
cblr-10941	1321	30	the	the	DET
cblr-10941	1321	31	companies	company	NOUN
cblr-10941	1321	32	”	"	PUNCT
cblr-10941	1321	33	that	that	PRON
cblr-10941	1321	34	stand	stand	VERB
cblr-10941	1321	35	to	to	PART
cblr-10941	1321	36	benefit	benefit	VERB
cblr-10941	1321	37	from	from	ADP
cblr-10941	1321	38	artificial	artificial	ADJ
cblr-10941	1321	39	intelligence.394	intelligence.394	NOUN
cblr-10941	1321	40	the	the	DET
cblr-10941	1321	41	vision	vision	NOUN
cblr-10941	1321	42	fund	fund	NOUN
cblr-10941	1321	43	has	have	AUX
cblr-10941	1321	44	proved	prove	VERB
cblr-10941	1321	45	controversial	controversial	ADJ
cblr-10941	1321	46	.	.	PUNCT
cblr-10941	1322	1	its	its	PRON
cblr-10941	1322	2	largest	large	ADJ
cblr-10941	1322	3	investor	investor	NOUN
cblr-10941	1322	4	is	be	AUX
cblr-10941	1322	5	the	the	DET
cblr-10941	1322	6	sovereign	sovereign	ADJ
cblr-10941	1322	7	wealth	wealth	NOUN
cblr-10941	1322	8	fund	fund	NOUN
cblr-10941	1322	9	of	of	ADP
cblr-10941	1322	10	saudi	saudi	PROPN
cblr-10941	1322	11	arabia.395	arabia.395	PROPN
cblr-10941	1322	12	it	it	PRON
cblr-10941	1322	13	made	make	VERB
cblr-10941	1322	14	large	large	ADJ
cblr-10941	1322	15	investments	investment	NOUN
cblr-10941	1322	16	in	in	ADP
cblr-10941	1322	17	two	two	NUM
cblr-10941	1322	18	of	of	ADP
cblr-10941	1322	19	the	the	DET
cblr-10941	1322	20	most	most	ADV
cblr-10941	1322	21	scandal	scandal	NOUN
cblr-10941	1322	22	-	-	PUNCT
cblr-10941	1322	23	prone	prone	ADJ
cblr-10941	1322	24	startups	startup	NOUN
cblr-10941	1322	25	of	of	ADP
cblr-10941	1322	26	the	the	DET
cblr-10941	1322	27	last	last	ADJ
cblr-10941	1322	28	decade	decade	NOUN
cblr-10941	1322	29	,	,	PUNCT
cblr-10941	1322	30	uber	uber	ADJ
cblr-10941	1322	31	and	and	CCONJ
cblr-10941	1322	32	390	390	NUM
cblr-10941	1322	33	see	see	VERB
cblr-10941	1322	34	darian	darian	PROPN
cblr-10941	1322	35	m.	m.	PROPN
cblr-10941	1322	36	ibrahim	ibrahim	PROPN
cblr-10941	1322	37	,	,	PUNCT
cblr-10941	1322	38	corporate	corporate	ADJ
cblr-10941	1322	39	venture	venture	NOUN
cblr-10941	1322	40	capital	capital	NOUN
cblr-10941	1322	41	,	,	PUNCT
cblr-10941	1322	42	24	24	NUM
cblr-10941	1322	43	u.	u.	PROPN
cblr-10941	1322	44	pa	pa	PROPN
cblr-10941	1322	45	.	.	PUNCT
cblr-10941	1323	1	j.	j.	PROPN
cblr-10941	1323	2	bus	bus	PROPN
cblr-10941	1323	3	.	.	PUNCT
cblr-10941	1324	1	l.	l.	PROPN
cblr-10941	1324	2	209	209	NUM
cblr-10941	1324	3	,	,	PUNCT
cblr-10941	1324	4	224–25	224–25	NUM
cblr-10941	1324	5	(	(	PUNCT
cblr-10941	1324	6	2021	2021	NUM
cblr-10941	1324	7	)	)	PUNCT
cblr-10941	1324	8	.	.	PUNCT
cblr-10941	1325	1	391	391	NUM
cblr-10941	1325	2	see	see	VERB
cblr-10941	1325	3	supra	supra	PROPN
cblr-10941	1325	4	section	section	NOUN
cblr-10941	1325	5	iv.a	iv.a	NOUN
cblr-10941	1325	6	and	and	CCONJ
cblr-10941	1325	7	accompanying	accompanying	ADJ
cblr-10941	1325	8	notes	note	NOUN
cblr-10941	1325	9	.	.	PUNCT
cblr-10941	1326	1	392	392	NUM
cblr-10941	1326	2	see	see	NOUN
cblr-10941	1326	3	pollman	pollman	NOUN
cblr-10941	1326	4	,	,	PUNCT
cblr-10941	1326	5	supra	supra	PROPN
cblr-10941	1326	6	note	note	NOUN
cblr-10941	1326	7	312	312	NUM
cblr-10941	1326	8	,	,	PUNCT
cblr-10941	1326	9	at	at	ADP
cblr-10941	1326	10	175	175	NUM
cblr-10941	1326	11	.	.	PUNCT
cblr-10941	1326	12	393	393	NUM
cblr-10941	1326	13	katie	katie	PROPN
cblr-10941	1326	14	benner	benner	PROPN
cblr-10941	1326	15	,	,	PUNCT
cblr-10941	1326	16	masayoshi	masayoshi	PROPN
cblr-10941	1326	17	son	son	PROPN
cblr-10941	1326	18	’s	’s	PART
cblr-10941	1326	19	grand	grand	ADJ
cblr-10941	1326	20	plan	plan	NOUN
cblr-10941	1326	21	for	for	ADP
cblr-10941	1326	22	softbank	softbank	PROPN
cblr-10941	1326	23	’s	’s	PART
cblr-10941	1326	24	$	$	SYM
cblr-10941	1326	25	100	100	NUM
cblr-10941	1326	26	billion	billion	NUM
cblr-10941	1326	27	vision	vision	NOUN
cblr-10941	1326	28	fund	fund	PROPN
cblr-10941	1326	29	,	,	PUNCT
cblr-10941	1326	30	n.y	n.y	PROPN
cblr-10941	1326	31	.	.	PROPN
cblr-10941	1326	32	times	times	PROPN
cblr-10941	1326	33	,	,	PUNCT
cblr-10941	1326	34	(	(	PUNCT
cblr-10941	1326	35	oct	oct	PROPN
cblr-10941	1326	36	.	.	PROPN
cblr-10941	1326	37	10	10	NUM
cblr-10941	1326	38	,	,	PUNCT
cblr-10941	1326	39	2017	2017	NUM
cblr-10941	1326	40	)	)	PUNCT
cblr-10941	1326	41	,	,	PUNCT
cblr-10941	1326	42	https://www.nytimes.com/2017/10/10/technology/masayoshi-son-softbankvision-fund.html	https://www.nytimes.com/2017/10/10/technology/masayoshi-son-softbankvision-fund.html	VERB
cblr-10941	1327	1	[	[	X
cblr-10941	1327	2	https://perma.cc/59hk-n4uw	https://perma.cc/59hk-n4uw	X
cblr-10941	1327	3	]	]	X
cblr-10941	1327	4	.	.	PUNCT
cblr-10941	1328	1	394	394	NUM
cblr-10941	1328	2	i	i	NOUN
cblr-10941	1328	3	d.	d.	PROPN
cblr-10941	1328	4	395	395	NUM
cblr-10941	1328	5	peter	peter	PROPN
cblr-10941	1328	6	eavis	eavis	PROPN
cblr-10941	1328	7	&	&	CCONJ
cblr-10941	1328	8	michael	michael	PROPN
cblr-10941	1328	9	j.	j.	PROPN
cblr-10941	1328	10	de	de	PROPN
cblr-10941	1328	11	la	la	PROPN
cblr-10941	1328	12	merced	merced	PROPN
cblr-10941	1328	13	,	,	PUNCT
cblr-10941	1328	14	softbank	softbank	PROPN
cblr-10941	1328	15	bet	bet	VERB
cblr-10941	1328	16	big	big	ADJ
cblr-10941	1328	17	on	on	ADP
cblr-10941	1328	18	disruptive	disruptive	ADJ
cblr-10941	1328	19	companies	company	NOUN
cblr-10941	1328	20	.	.	PUNCT
cblr-10941	1329	1	many	many	ADJ
cblr-10941	1329	2	have	have	AUX
cblr-10941	1329	3	not	not	PART
cblr-10941	1329	4	paid	pay	VERB
cblr-10941	1329	5	off	off	ADP
cblr-10941	1329	6	.	.	PUNCT
cblr-10941	1329	7	,	,	PUNCT
cblr-10941	1329	8	n.y	n.y	PROPN
cblr-10941	1329	9	.	.	PROPN
cblr-10941	1329	10	times	times	PROPN
cblr-10941	1329	11	(	(	PUNCT
cblr-10941	1329	12	sept	sept	PROPN
cblr-10941	1329	13	.	.	PROPN
cblr-10941	1329	14	26	26	NUM
cblr-10941	1329	15	,	,	PUNCT
cblr-10941	1329	16	2019	2019	NUM
cblr-10941	1329	17	)	)	PUNCT
cblr-10941	1329	18	,	,	PUNCT
cblr-10941	1329	19	https://www.nytimes.com/2019/09/26/business/softbank-weworkmasayoshi-son.html	https://www.nytimes.com/2019/09/26/business/softbank-weworkmasayoshi-son.html	PROPN
cblr-10941	1330	1	[	[	X
cblr-10941	1330	2	https://perma.cc/y295-gbp2	https://perma.cc/y295-gbp2	X
cblr-10941	1330	3	]	]	X
cblr-10941	1330	4	.	.	PUNCT
cblr-10941	1331	1	no	no	INTJ
cblr-10941	1331	2	.	.	PUNCT
cblr-10941	1332	1	2:859	2:859	NUM
cblr-10941	1332	2	]	]	X
cblr-10941	1332	3	moonshots	moonshot	NOUN
cblr-10941	1332	4	941	941	NUM
cblr-10941	1332	5	wework.396	wework.396	NUM
cblr-10941	1333	1	but	but	CCONJ
cblr-10941	1333	2	there	there	PRON
cblr-10941	1333	3	’s	’	VERB
cblr-10941	1333	4	no	no	DET
cblr-10941	1333	5	doubt	doubt	NOUN
cblr-10941	1333	6	that	that	SCONJ
cblr-10941	1333	7	the	the	DET
cblr-10941	1333	8	vision	vision	NOUN
cblr-10941	1333	9	fund	fund	NOUN
cblr-10941	1333	10	made	make	VERB
cblr-10941	1333	11	it	it	PRON
cblr-10941	1333	12	easier	easy	ADJ
cblr-10941	1333	13	for	for	SCONJ
cblr-10941	1333	14	private	private	ADJ
cblr-10941	1333	15	companies	company	NOUN
cblr-10941	1333	16	to	to	PART
cblr-10941	1333	17	raise	raise	VERB
cblr-10941	1333	18	capital	capital	NOUN
cblr-10941	1333	19	.	.	PUNCT
cblr-10941	1334	1	the	the	DET
cblr-10941	1334	2	flood	flood	NOUN
cblr-10941	1334	3	of	of	ADP
cblr-10941	1334	4	capital	capital	NOUN
cblr-10941	1334	5	pouring	pour	VERB
cblr-10941	1334	6	into	into	ADP
cblr-10941	1334	7	private	private	ADJ
cblr-10941	1334	8	companies	company	NOUN
cblr-10941	1334	9	has	have	AUX
cblr-10941	1334	10	facilitated	facilitate	VERB
cblr-10941	1334	11	the	the	DET
cblr-10941	1334	12	rise	rise	NOUN
cblr-10941	1334	13	of	of	ADP
cblr-10941	1334	14	venture	venture	NOUN
cblr-10941	1334	15	carveouts	carveout	NOUN
cblr-10941	1334	16	.	.	PUNCT
cblr-10941	1335	1	public	public	ADJ
cblr-10941	1335	2	companies	company	NOUN
cblr-10941	1335	3	can	can	AUX
cblr-10941	1335	4	turn	turn	VERB
cblr-10941	1335	5	to	to	ADP
cblr-10941	1335	6	these	these	DET
cblr-10941	1335	7	investors	investor	NOUN
cblr-10941	1335	8	to	to	PART
cblr-10941	1335	9	help	help	VERB
cblr-10941	1335	10	finance	finance	VERB
cblr-10941	1335	11	moonshots	moonshot	NOUN
cblr-10941	1335	12	that	that	PRON
cblr-10941	1335	13	their	their	PRON
cblr-10941	1335	14	shareholders	shareholder	NOUN
cblr-10941	1335	15	would	would	AUX
cblr-10941	1335	16	n’t	not	PART
cblr-10941	1335	17	have	have	VERB
cblr-10941	1335	18	.	.	PUNCT
cblr-10941	1336	1	it	it	PRON
cblr-10941	1336	2	’s	’	VERB
cblr-10941	1336	3	hard	hard	ADJ
cblr-10941	1336	4	to	to	PART
cblr-10941	1336	5	know	know	VERB
cblr-10941	1336	6	whether	whether	SCONJ
cblr-10941	1336	7	the	the	DET
cblr-10941	1336	8	easy	easy	ADJ
cblr-10941	1336	9	availability	availability	NOUN
cblr-10941	1336	10	of	of	ADP
cblr-10941	1336	11	private	private	ADJ
cblr-10941	1336	12	capital	capital	NOUN
cblr-10941	1336	13	is	be	AUX
cblr-10941	1336	14	cyclical	cyclical	ADJ
cblr-10941	1336	15	or	or	CCONJ
cblr-10941	1336	16	the	the	DET
cblr-10941	1336	17	new	new	ADJ
cblr-10941	1336	18	normal	normal	ADJ
cblr-10941	1336	19	.	.	PUNCT
cblr-10941	1337	1	it	it	PRON
cblr-10941	1337	2	’s	’	VERB
cblr-10941	1337	3	also	also	ADV
cblr-10941	1337	4	not	not	PART
cblr-10941	1337	5	yet	yet	ADV
cblr-10941	1337	6	clear	clear	ADJ
cblr-10941	1337	7	if	if	SCONJ
cblr-10941	1337	8	the	the	DET
cblr-10941	1337	9	non	non	ADJ
cblr-10941	1337	10	-	-	ADJ
cblr-10941	1337	11	traditional	traditional	ADJ
cblr-10941	1337	12	investors	investor	NOUN
cblr-10941	1337	13	who	who	PRON
cblr-10941	1337	14	are	be	AUX
cblr-10941	1337	15	funding	fund	VERB
cblr-10941	1337	16	venture	venture	NOUN
cblr-10941	1337	17	carveouts	carveout	NOUN
cblr-10941	1337	18	will	will	AUX
cblr-10941	1337	19	prove	prove	VERB
cblr-10941	1337	20	skilled	skilled	ADJ
cblr-10941	1337	21	at	at	ADP
cblr-10941	1337	22	corporate	corporate	ADJ
cblr-10941	1337	23	governance	governance	NOUN
cblr-10941	1337	24	or	or	CCONJ
cblr-10941	1337	25	patient	patient	ADJ
cblr-10941	1337	26	enough	enough	ADV
cblr-10941	1337	27	for	for	ADP
cblr-10941	1337	28	long	long	ADJ
cblr-10941	1337	29	-	-	PUNCT
cblr-10941	1337	30	term	term	NOUN
cblr-10941	1337	31	investing	investing	NOUN
cblr-10941	1337	32	.	.	PUNCT
cblr-10941	1338	1	softbank	softbank	PROPN
cblr-10941	1338	2	’s	’s	PART
cblr-10941	1338	3	relationship	relationship	NOUN
cblr-10941	1338	4	with	with	ADP
cblr-10941	1338	5	cruise	cruise	NOUN
cblr-10941	1338	6	illustrates	illustrate	VERB
cblr-10941	1338	7	both	both	DET
cblr-10941	1338	8	the	the	DET
cblr-10941	1338	9	potential	potential	NOUN
cblr-10941	1338	10	of	of	ADP
cblr-10941	1338	11	outside	outside	ADJ
cblr-10941	1338	12	investors	investor	NOUN
cblr-10941	1338	13	and	and	CCONJ
cblr-10941	1338	14	the	the	DET
cblr-10941	1338	15	doubts	doubt	NOUN
cblr-10941	1338	16	about	about	ADP
cblr-10941	1338	17	its	its	PRON
cblr-10941	1338	18	sustainability	sustainability	NOUN
cblr-10941	1338	19	.	.	PUNCT
cblr-10941	1339	1	the	the	DET
cblr-10941	1339	2	venture	venture	NOUN
cblr-10941	1339	3	carveouts	carveout	NOUN
cblr-10941	1339	4	,	,	PUNCT
cblr-10941	1339	5	like	like	ADP
cblr-10941	1339	6	the	the	DET
cblr-10941	1339	7	technologies	technology	NOUN
cblr-10941	1339	8	they	they	PRON
cblr-10941	1339	9	develop	develop	VERB
cblr-10941	1339	10	,	,	PUNCT
cblr-10941	1339	11	are	be	AUX
cblr-10941	1339	12	still	still	ADV
cblr-10941	1339	13	experimental	experimental	ADJ
cblr-10941	1339	14	.	.	PUNCT
cblr-10941	1340	1	vi	vi	X
cblr-10941	1340	2	.	.	PROPN
cblr-10941	1340	3	conclusion	conclusion	VERB
cblr-10941	1340	4	the	the	DET
cblr-10941	1340	5	rise	rise	NOUN
cblr-10941	1340	6	of	of	ADP
cblr-10941	1340	7	venture	venture	NOUN
cblr-10941	1340	8	carveouts	carveout	NOUN
cblr-10941	1340	9	suggests	suggest	VERB
cblr-10941	1340	10	raises	raise	VERB
cblr-10941	1340	11	questions	question	NOUN
cblr-10941	1340	12	for	for	ADP
cblr-10941	1340	13	both	both	DET
cblr-10941	1340	14	sides	side	NOUN
cblr-10941	1340	15	of	of	ADP
cblr-10941	1340	16	the	the	DET
cblr-10941	1340	17	short	short	ADJ
cblr-10941	1340	18	-	-	PUNCT
cblr-10941	1340	19	termism	termism	NOUN
cblr-10941	1340	20	debate	debate	NOUN
cblr-10941	1340	21	.	.	PUNCT
cblr-10941	1341	1	for	for	ADP
cblr-10941	1341	2	the	the	DET
cblr-10941	1341	3	skeptics	skeptic	NOUN
cblr-10941	1341	4	,	,	PUNCT
cblr-10941	1341	5	the	the	DET
cblr-10941	1341	6	question	question	NOUN
cblr-10941	1341	7	is	be	AUX
cblr-10941	1341	8	:	:	PUNCT
cblr-10941	1341	9	why	why	SCONJ
cblr-10941	1341	10	would	would	AUX
cblr-10941	1341	11	the	the	DET
cblr-10941	1341	12	managers	manager	NOUN
cblr-10941	1341	13	of	of	ADP
cblr-10941	1341	14	the	the	DET
cblr-10941	1341	15	public	public	ADJ
cblr-10941	1341	16	companies	company	NOUN
cblr-10941	1341	17	developing	develop	VERB
cblr-10941	1341	18	avs	avs	NOUN
cblr-10941	1341	19	have	have	AUX
cblr-10941	1341	20	chosen	choose	VERB
cblr-10941	1341	21	the	the	DET
cblr-10941	1341	22	venture	venture	NOUN
cblr-10941	1341	23	carveout	carveout	NOUN
cblr-10941	1341	24	structure	structure	NOUN
cblr-10941	1341	25	if	if	SCONJ
cblr-10941	1341	26	the	the	DET
cblr-10941	1341	27	public	public	ADJ
cblr-10941	1341	28	capital	capital	NOUN
cblr-10941	1341	29	markets	market	NOUN
cblr-10941	1341	30	were	be	AUX
cblr-10941	1341	31	willing	willing	ADJ
cblr-10941	1341	32	to	to	PART
cblr-10941	1341	33	fund	fund	VERB
cblr-10941	1341	34	the	the	DET
cblr-10941	1341	35	pro	pro	NOUN
cblr-10941	1341	36	-	-	NOUN
cblr-10941	1341	37	jects	ject	NOUN
cblr-10941	1341	38	?	?	PUNCT
cblr-10941	1342	1	the	the	DET
cblr-10941	1342	2	parent	parent	NOUN
cblr-10941	1342	3	companies	company	NOUN
cblr-10941	1342	4	would	would	AUX
cblr-10941	1342	5	have	have	AUX
cblr-10941	1342	6	kept	keep	VERB
cblr-10941	1342	7	more	more	ADJ
cblr-10941	1342	8	control	control	NOUN
cblr-10941	1342	9	over	over	ADP
cblr-10941	1342	10	their	their	PRON
cblr-10941	1342	11	av	av	NOUN
cblr-10941	1342	12	projects	project	NOUN
cblr-10941	1342	13	—	—	PUNCT
cblr-10941	1342	14	and	and	CCONJ
cblr-10941	1342	15	would	would	AUX
cblr-10941	1342	16	be	be	AUX
cblr-10941	1342	17	positioned	position	VERB
cblr-10941	1342	18	to	to	PART
cblr-10941	1342	19	capture	capture	VERB
cblr-10941	1342	20	more	more	ADJ
cblr-10941	1342	21	of	of	ADP
cblr-10941	1342	22	the	the	DET
cblr-10941	1342	23	value	value	NOUN
cblr-10941	1342	24	they	they	PRON
cblr-10941	1342	25	create	create	VERB
cblr-10941	1342	26	—	—	PUNCT
cblr-10941	1342	27	if	if	SCONJ
cblr-10941	1342	28	they	they	PRON
cblr-10941	1342	29	structured	structure	VERB
cblr-10941	1342	30	them	they	PRON
cblr-10941	1342	31	as	as	ADP
cblr-10941	1342	32	whollyowned	whollyowne	VERB
cblr-10941	1342	33	subsidiaries	subsidiary	NOUN
cblr-10941	1342	34	.	.	PUNCT
cblr-10941	1343	1	if	if	SCONJ
cblr-10941	1343	2	the	the	DET
cblr-10941	1343	3	parents	parent	NOUN
cblr-10941	1343	4	were	be	AUX
cblr-10941	1343	5	just	just	ADV
cblr-10941	1343	6	looking	look	VERB
cblr-10941	1343	7	for	for	ADP
cblr-10941	1343	8	a	a	DET
cblr-10941	1343	9	vehicle	vehicle	NOUN
cblr-10941	1343	10	for	for	ADP
cblr-10941	1343	11	joint	joint	ADJ
cblr-10941	1343	12	development	development	NOUN
cblr-10941	1343	13	,	,	PUNCT
cblr-10941	1343	14	they	they	PRON
cblr-10941	1343	15	could	could	AUX
cblr-10941	1343	16	have	have	AUX
cblr-10941	1343	17	chosen	choose	VERB
cblr-10941	1343	18	the	the	DET
cblr-10941	1343	19	simpler	simple	ADJ
cblr-10941	1343	20	and	and	CCONJ
cblr-10941	1343	21	more	more	ADV
cblr-10941	1343	22	familiar	familiar	ADJ
cblr-10941	1343	23	jv	jv	NOUN
cblr-10941	1343	24	structure	structure	NOUN
cblr-10941	1343	25	.	.	PUNCT
cblr-10941	1344	1	if	if	SCONJ
cblr-10941	1344	2	they	they	PRON
cblr-10941	1344	3	were	be	AUX
cblr-10941	1344	4	just	just	ADV
cblr-10941	1344	5	looking	look	VERB
cblr-10941	1344	6	to	to	PART
cblr-10941	1344	7	give	give	VERB
cblr-10941	1344	8	public	public	ADJ
cblr-10941	1344	9	investors	investor	NOUN
cblr-10941	1344	10	a	a	DET
cblr-10941	1344	11	pure	pure	ADJ
cblr-10941	1344	12	play	play	NOUN
cblr-10941	1344	13	on	on	ADP
cblr-10941	1344	14	av	av	PROPN
cblr-10941	1344	15	development	development	NOUN
cblr-10941	1344	16	,	,	PUNCT
cblr-10941	1344	17	they	they	PRON
cblr-10941	1344	18	could	could	AUX
cblr-10941	1344	19	have	have	AUX
cblr-10941	1344	20	chosen	choose	VERB
cblr-10941	1344	21	equity	equity	NOUN
cblr-10941	1344	22	carveouts	carveout	NOUN
cblr-10941	1344	23	.	.	PUNCT
cblr-10941	1345	1	the	the	DET
cblr-10941	1345	2	distinctive	distinctive	ADJ
cblr-10941	1345	3	feature	feature	NOUN
cblr-10941	1345	4	of	of	ADP
cblr-10941	1345	5	venture	venture	NOUN
cblr-10941	1345	6	carve	carve	NOUN
cblr-10941	1345	7	-	-	PUNCT
cblr-10941	1345	8	outs	out	NOUN
cblr-10941	1345	9	is	be	AUX
cblr-10941	1345	10	that	that	SCONJ
cblr-10941	1345	11	they	they	PRON
cblr-10941	1345	12	enable	enable	VERB
cblr-10941	1345	13	private	private	ADJ
cblr-10941	1345	14	financing	financing	NOUN
cblr-10941	1345	15	of	of	ADP
cblr-10941	1345	16	long	long	ADJ
cblr-10941	1345	17	-	-	PUNCT
cblr-10941	1345	18	term	term	NOUN
cblr-10941	1345	19	projects	project	NOUN
cblr-10941	1345	20	.	.	PUNCT
cblr-10941	1346	1	the	the	DET
cblr-10941	1346	2	parents	parent	NOUN
cblr-10941	1346	3	would	would	AUX
cblr-10941	1346	4	not	not	PART
cblr-10941	1346	5	have	have	AUX
cblr-10941	1346	6	needed	need	VERB
cblr-10941	1346	7	to	to	PART
cblr-10941	1346	8	incur	incur	VERB
cblr-10941	1346	9	the	the	DET
cblr-10941	1346	10	increased	increase	VERB
cblr-10941	1346	11	cost	cost	NOUN
cblr-10941	1346	12	of	of	ADP
cblr-10941	1346	13	raising	raise	VERB
cblr-10941	1346	14	private	private	ADJ
cblr-10941	1346	15	financing	financing	NOUN
cblr-10941	1346	16	if	if	SCONJ
cblr-10941	1346	17	public	public	ADJ
cblr-10941	1346	18	financing	financing	NOUN
cblr-10941	1346	19	were	be	AUX
cblr-10941	1346	20	available	available	ADJ
cblr-10941	1346	21	on	on	ADP
cblr-10941	1346	22	equally	equally	ADV
cblr-10941	1346	23	attractive	attractive	ADJ
cblr-10941	1346	24	terms	term	NOUN
cblr-10941	1346	25	.	.	PUNCT
cblr-10941	1347	1	for	for	ADP
cblr-10941	1347	2	the	the	DET
cblr-10941	1347	3	short	short	ADJ
cblr-10941	1347	4	-	-	PUNCT
cblr-10941	1347	5	termists	termist	NOUN
cblr-10941	1347	6	,	,	PUNCT
cblr-10941	1347	7	the	the	DET
cblr-10941	1347	8	question	question	NOUN
cblr-10941	1347	9	is	be	AUX
cblr-10941	1347	10	:	:	PUNCT
cblr-10941	1347	11	if	if	SCONJ
cblr-10941	1347	12	the	the	DET
cblr-10941	1347	13	stock	stock	NOUN
cblr-10941	1347	14	market	market	NOUN
cblr-10941	1347	15	has	have	VERB
cblr-10941	1347	16	a	a	DET
cblr-10941	1347	17	strong	strong	ADJ
cblr-10941	1347	18	short	short	ADJ
cblr-10941	1347	19	-	-	PUNCT
cblr-10941	1347	20	term	term	NOUN
cblr-10941	1347	21	bias	bias	NOUN
cblr-10941	1347	22	,	,	PUNCT
cblr-10941	1347	23	why	why	SCONJ
cblr-10941	1347	24	have	have	AUX
cblr-10941	1347	25	the	the	DET
cblr-10941	1347	26	parent	parent	NOUN
cblr-10941	1347	27	companies	company	NOUN
cblr-10941	1347	28	or	or	CCONJ
cblr-10941	1347	29	their	their	PRON
cblr-10941	1347	30	managers	manager	NOUN
cblr-10941	1347	31	not	not	PART
cblr-10941	1347	32	been	be	AUX
cblr-10941	1347	33	punished	punish	VERB
cblr-10941	1347	34	?	?	PUNCT
cblr-10941	1348	1	avs	avs	PROPN
cblr-10941	1348	2	are	be	AUX
cblr-10941	1348	3	a	a	DET
cblr-10941	1348	4	396	396	NUM
cblr-10941	1348	5	see	see	NOUN
cblr-10941	1348	6	i	i	PROPN
cblr-10941	1348	7	d.	d.	PROPN
cblr-10941	1348	8	942	942	NUM
cblr-10941	1348	9	columbia	columbia	PROPN
cblr-10941	1348	10	business	business	PROPN
cblr-10941	1348	11	law	law	PROPN
cblr-10941	1348	12	review	review	NOUN
cblr-10941	1348	13	[	[	X
cblr-10941	1348	14	vol	vol	NOUN
cblr-10941	1348	15	.	.	PUNCT
cblr-10941	1349	1	2022	2022	NUM
cblr-10941	1349	2	quintessential	quintessential	ADJ
cblr-10941	1349	3	high	high	ADJ
cblr-10941	1349	4	-	-	PUNCT
cblr-10941	1349	5	risk	risk	NOUN
cblr-10941	1349	6	,	,	PUNCT
cblr-10941	1349	7	high	high	ADJ
cblr-10941	1349	8	-	-	PUNCT
cblr-10941	1349	9	reward	reward	NOUN
cblr-10941	1349	10	long	long	ADJ
cblr-10941	1349	11	-	-	PUNCT
cblr-10941	1349	12	term	term	NOUN
cblr-10941	1349	13	project	project	NOUN
cblr-10941	1349	14	.	.	PUNCT
cblr-10941	1350	1	to	to	PART
cblr-10941	1350	2	be	be	AUX
cblr-10941	1350	3	sure	sure	ADJ
cblr-10941	1350	4	,	,	PUNCT
cblr-10941	1350	5	the	the	DET
cblr-10941	1350	6	parent	parent	NOUN
cblr-10941	1350	7	companies	company	NOUN
cblr-10941	1350	8	have	have	AUX
cblr-10941	1350	9	hedged	hedge	VERB
cblr-10941	1350	10	their	their	PRON
cblr-10941	1350	11	risk	risk	NOUN
cblr-10941	1350	12	and	and	CCONJ
cblr-10941	1350	13	reduced	reduce	VERB
cblr-10941	1350	14	their	their	PRON
cblr-10941	1350	15	costs	cost	NOUN
cblr-10941	1350	16	by	by	ADP
cblr-10941	1350	17	using	use	VERB
cblr-10941	1350	18	the	the	DET
cblr-10941	1350	19	venture	venture	NOUN
cblr-10941	1350	20	carveout	carveout	NOUN
cblr-10941	1350	21	structure	structure	NOUN
cblr-10941	1350	22	,	,	PUNCT
cblr-10941	1350	23	but	but	CCONJ
cblr-10941	1350	24	they	they	PRON
cblr-10941	1350	25	are	be	AUX
cblr-10941	1350	26	still	still	ADV
cblr-10941	1350	27	spending	spend	VERB
cblr-10941	1350	28	hundreds	hundred	NOUN
cblr-10941	1350	29	of	of	ADP
cblr-10941	1350	30	millions	million	NOUN
cblr-10941	1350	31	or	or	CCONJ
cblr-10941	1350	32	billions	billion	NOUN
cblr-10941	1350	33	of	of	ADP
cblr-10941	1350	34	their	their	PRON
cblr-10941	1350	35	own	own	ADJ
cblr-10941	1350	36	money	money	NOUN
cblr-10941	1350	37	without	without	ADP
cblr-10941	1350	38	a	a	DET
cblr-10941	1350	39	return	return	NOUN
cblr-10941	1350	40	in	in	ADP
cblr-10941	1350	41	the	the	DET
cblr-10941	1350	42	fore	fore	NOUN
cblr-10941	1350	43	-	-	PUNCT
cblr-10941	1350	44	seeable	seeable	ADJ
cblr-10941	1350	45	future	future	NOUN
cblr-10941	1350	46	.	.	PUNCT
cblr-10941	1351	1	the	the	DET
cblr-10941	1351	2	directors	director	NOUN
cblr-10941	1351	3	and	and	CCONJ
cblr-10941	1351	4	managers	manager	NOUN
cblr-10941	1351	5	are	be	AUX
cblr-10941	1351	6	not	not	PART
cblr-10941	1351	7	relying	rely	VERB
cblr-10941	1351	8	on	on	ADP
cblr-10941	1351	9	board	board	NOUN
cblr-10941	1351	10	insulation	insulation	NOUN
cblr-10941	1351	11	to	to	PART
cblr-10941	1351	12	protect	protect	VERB
cblr-10941	1351	13	themselves	themselves	PRON
cblr-10941	1351	14	,	,	PUNCT
cblr-10941	1351	15	yet	yet	CCONJ
cblr-10941	1351	16	no	no	DET
cblr-10941	1351	17	activist	activist	ADJ
cblr-10941	1351	18	hedge	hedge	NOUN
cblr-10941	1351	19	fund	fund	NOUN
cblr-10941	1351	20	has	have	AUX
cblr-10941	1351	21	targeted	target	VERB
cblr-10941	1351	22	these	these	DET
cblr-10941	1351	23	investments	investment	NOUN
cblr-10941	1351	24	.	.	PUNCT
cblr-10941	1352	1	short	short	ADJ
cblr-10941	1352	2	-	-	PUNCT
cblr-10941	1352	3	term	term	NOUN
cblr-10941	1352	4	bias	bias	NOUN
cblr-10941	1352	5	may	may	AUX
cblr-10941	1352	6	be	be	AUX
cblr-10941	1352	7	a	a	DET
cblr-10941	1352	8	more	more	ADV
cblr-10941	1352	9	subtle	subtle	ADJ
cblr-10941	1352	10	problem	problem	NOUN
cblr-10941	1352	11	than	than	ADP
cblr-10941	1352	12	the	the	DET
cblr-10941	1352	13	short	short	ADJ
cblr-10941	1352	14	-	-	PUNCT
cblr-10941	1352	15	termists	termist	NOUN
cblr-10941	1352	16	claim	claim	NOUN
cblr-10941	1352	17	,	,	PUNCT
cblr-10941	1352	18	but	but	CCONJ
cblr-10941	1352	19	not	not	PART
cblr-10941	1352	20	an	an	DET
cblr-10941	1352	21	illusion	illusion	NOUN
cblr-10941	1352	22	.	.	PUNCT
cblr-10941	1353	1	it	it	PRON
cblr-10941	1353	2	may	may	AUX
cblr-10941	1353	3	be	be	AUX
cblr-10941	1353	4	that	that	SCONJ
cblr-10941	1353	5	public	public	ADJ
cblr-10941	1353	6	shareholders	shareholder	NOUN
cblr-10941	1353	7	wo	will	AUX
cblr-10941	1353	8	n’t	not	AUX
cblr-10941	1353	9	generally	generally	ADV
cblr-10941	1353	10	fund	fund	VERB
cblr-10941	1353	11	long	long	ADJ
cblr-10941	1353	12	-	-	PUNCT
cblr-10941	1353	13	term	term	NOUN
cblr-10941	1353	14	projects	project	NOUN
cblr-10941	1353	15	that	that	PRON
cblr-10941	1353	16	wo	will	AUX
cblr-10941	1353	17	n’t	not	PART
cblr-10941	1353	18	generate	generate	VERB
cblr-10941	1353	19	reliable	reliable	ADJ
cblr-10941	1353	20	interim	interim	ADJ
cblr-10941	1353	21	feedback	feedback	NOUN
cblr-10941	1353	22	.	.	PUNCT
cblr-10941	1354	1	yet	yet	CCONJ
cblr-10941	1354	2	they	they	PRON
cblr-10941	1354	3	may	may	AUX
cblr-10941	1354	4	be	be	AUX
cblr-10941	1354	5	willing	willing	ADJ
cblr-10941	1354	6	to	to	PART
cblr-10941	1354	7	fund	fund	VERB
cblr-10941	1354	8	part	part	NOUN
cblr-10941	1354	9	of	of	ADP
cblr-10941	1354	10	those	those	DET
cblr-10941	1354	11	projects	project	NOUN
cblr-10941	1354	12	if	if	SCONJ
cblr-10941	1354	13	private	private	ADJ
cblr-10941	1354	14	investors	investor	NOUN
cblr-10941	1354	15	will	will	AUX
cblr-10941	1354	16	share	share	VERB
cblr-10941	1354	17	the	the	DET
cblr-10941	1354	18	cost	cost	NOUN
cblr-10941	1354	19	and	and	CCONJ
cblr-10941	1354	20	provide	provide	VERB
cblr-10941	1354	21	monitoring	monitoring	NOUN
cblr-10941	1354	22	.	.	PUNCT
cblr-10941	1355	1	if	if	SCONJ
cblr-10941	1355	2	that	that	PRON
cblr-10941	1355	3	’s	’	VERB
cblr-10941	1355	4	right	right	ADJ
cblr-10941	1355	5	,	,	PUNCT
cblr-10941	1355	6	then	then	ADV
cblr-10941	1355	7	the	the	DET
cblr-10941	1355	8	structure	structure	NOUN
cblr-10941	1355	9	of	of	ADP
cblr-10941	1355	10	innovative	innovative	ADJ
cblr-10941	1355	11	companies	company	NOUN
cblr-10941	1355	12	may	may	AUX
cblr-10941	1355	13	be	be	AUX
cblr-10941	1355	14	more	more	ADV
cblr-10941	1355	15	important	important	ADJ
cblr-10941	1355	16	—	—	PUNCT
cblr-10941	1355	17	and	and	CCONJ
cblr-10941	1355	18	the	the	DET
cblr-10941	1355	19	future	future	NOUN
cblr-10941	1355	20	of	of	ADP
cblr-10941	1355	21	innovation	innovation	NOUN
cblr-10941	1355	22	more	more	ADV
cblr-10941	1355	23	fragile	fragile	ADJ
cblr-10941	1355	24	—	—	PUNCT
cblr-10941	1355	25	than	than	SCONJ
cblr-10941	1355	26	has	have	AUX
cblr-10941	1355	27	previously	previously	ADV
cblr-10941	1355	28	been	be	AUX
cblr-10941	1355	29	appreciated	appreciate	VERB
cblr-10941	1355	30	.	.	PUNCT
