AlleyCorp

“We saw a thousand robotics deals last year.”

“That is wrong. If your company's growing at 60% and profitable, yes, you can always go public. But at the margin, it is not easy to take companies public. There's not a lot of appetite.”

“We, you know, we don't do any healthcare outside of the United States because the U S Healthcare market is both enormous and terrible, which is what you want when you're an entrepreneur.”

“You know, when our companies are worth a billion, we're just not investing in them at that point.”

“So one, if they've plateaued their growth, they're not worth 500. You know, they're not at all. I mean, 10 times revenue for a company that's not growing that much is, is not going to fly in today's market. That company's worth, you know, maybe 200 if they're …”

“No, we don't see in the last, you know, 20 seed deals they're not in there very often.”

“Here's the thing that I don't think about, which is our ownership. Sometimes we're paying a big price, and we're paying a big price because it's an incredible team and an incredible opportunity.”

“We've been investing really my money in a different structure for the last decade, and, you know, we have a 120 companies in the portfolio have made many investments, started over 20 companies, but we just announced that we, it's the first outside fund with ou…”

“I don't have any companies going out that have quadrupled their revenues in the last year that don't get funded.”

“We've never had a CEO resign.”

“So I would say that a lot of the people we back are first time founders. We would never, almost never back someone who comes from Procter and Gamble, a large company and seems like a smart person, but they don't know startups.”

“I see it all the time when we have a company going out and we approach 10 VCs and three of them will say, I invested in this sector eight years ago and I lost all my money. They haven't even read the deck yet”

“We're big investors, for example, in the psychedelic industry. Is the psychedelic industry gonna be 20 times larger 10 years from now than today? Absolutely.”

“So it's bottoms up, but we historically last couple of years, we're doing somewhere between six and eight Eight companies a year, but we have multiple industry groups and multiple people.”

“If I knew now what I knew then, I would have been much more aggressive early on in starting more companies, building up more of a team, because sometimes it takes five to seven years to know that things are going really well.”

“The business we're in does not scale infinitely. We're not trying to accumulate assets, so I don't want to be a two billion dollar fund.”

“When we start a company, We don't bail out on the company, but we put a million, million and a half dollars in. We hire a CEO. If we've made the decision to go forward now, then the market decides because nine months later, they're going to go out to raise mon…”

“We generally don't put more than ten million, might go to fifteen million in any one company, and sometimes we'll leave some money on the table and other people will take it.”

“It depends, but, you know, roughly the team and CEO are probably going to get around 40, 45% of the company, and then we will have the rest because we came up with the idea, put in the money, did all the work, ah, and everyone gets paid from day one.”