Partnership

“The nature of these partnerships is eventually they want to monetize and the best way to monetize is go public. This happened in all the investment banks. They've all went public. And so Yeah, I mean, they'll, most of them will eventually go public, and then t…”

“Obviously your risk is much higher in a partnership. In a partnership, by definition, there is someone who is a good investor and someone who's a little bit less good investor. So you're getting an average. So as it is, you're getting slightly lower. And then …”

“Because of social reasons, It's not a stable long-term system, and so we will always see more partnerships than solo GPs.”

“Like last year I did really, really too bad partnership deals that cost me seven figures and time.”

“We made a pivot, and we decided instead of heavily relying on direct sales, we decided to go focused on partnerships.”

“We ran the same analysis, where if you had said yes to every single company that had come to present at the partnership, we'd have done a lot better than we have. Simply because it goes back to the power law.”

“The lesson, bad partnerships don't just slow you down, they kill your future. Jimmy learned it's better to own 100% of something smaller than 25% of something with the wrong people.”

“Often, there's a person who wants this thing in this way, and you have an integrity also of this is how you do things. So if that don't align, it's not because it's bad or good. It's just because it's just wrong. It was not aligned to what you, what's your sty…”

“I think that in terms of attracting and retaining people, I think people who come to a firm where we have a hundred percent of our economics to invest in our people and our partnership versus having 50% of it gone forever, I think that's fundamentally more att…”

“I think partnerships can go sideways when folks just aren't upfront with each other. What are you going to be great at? And it's actually okay if there's like a little bit of overlap, but the more you can kind of clarify that, the better.”

“Splitting deals will never generate great outcomes, in my opinion, is that you take on all the baggage and the dysfunction of these other partnerships.”

“Partnerships, Often don't work. Like, 90% of them don't work, right?”

“Number one killer of partnerships is actually partnership breakups.”

“We talked about that shared vision, but I think just as important is understanding what gives energy and saps energy for each person so that within the context of the day to day, there's clarity around what role each person will play and what they're willing a…”

“If they're not willing to pay for it, don't bark at that tree. If you're not providing a service for them or a product for them that they're willing to pay for, it's not going to work. And I think, you know, sometimes we ignore that advice, whenever we ignore …”

“I think the learning here is that it takes one year. It takes a full-time person who's just going to focus on that. And it pays pretty pretty high dividends, so I would definitely invest in partnerships early if it's a fit for your business, because it's a fly…”

“The partnership has been the second, or from fund to onwards, the largest investor in the fund from the get-go.”

“I traditionally have been so skeptical of partnerships because I found that they are a huge time suck, and very few of them are actually fruitful.”

“Which is, by the way, a great way to do it. Like, if you've got a partnership that's blowing up, like, all right, whoever wants to pay more to buy the other person out is the person that should get to own the whole thing. And so the idea of a bidding war betwe…”

“People tend to think, well, I want to pick the best stock, or I want to pick the best deal as against thinking, who should I partner with? Because the latter question implies that you're trusting and relying on somebody else in a way that People are often not …”

“Once you grow to a certain scale and size, then partnerships are extremely important. We have our full-blown BD team. We work with strategics. We work with smaller companies. We work with work with integration partners of size. So once you get the scale, partn…”

“Almost all our business through partnerships, but we have a revenue share model between everybody.”

“The more you know that the success or failure of a partnership is based entirely on how you comport yourself, the better off that you'll be.”

“It has to be more important to each of you that the other one gets to make the decision than that you get to prove yourself right, and you have to both have that attitude.”