Terry Smith, a British fund manager, recently dumped his Amazon stock, arguing that its move into grocery retail risked misallocating capital.

英国基金经理特里·史密斯(Terry Smith)最近抛售了他的亚马逊股票，认为该公司进军杂货零售业可能存在资本配置不当的风险。

If investors are unable to liquidate investments to reclaim capital and potential gains, they won't risk their capital by investing Without investors, there is no startup ecosystem.

如果投资者无法变现投资以收回本金和潜在收益，他们将不会冒着投资的风险。没有投资者，就没有创业生态系统。