The Ledger, every show

“And so I think for most of those companies, layoffs are going to turn into silent disappearance low value acquihires or noisy collapses.”

“Like, even if that fund didn't return another dollar, we'd be like a top one percent fund, and fortunately, it's gonna return more dollars.”

“Anyone who's on the Midas list no matter what their firm says, they've turned over, you know, information to a third party about their portfolio. And they've decided internally that somebody gets to claim credit for that deal. Whether it's the person who deser…”

“I think it's a great time to be a differentiated quote unquote new manager, right? They are going to eat the lunch of mediocre firms, you know, slow moving firms.”

“We look back And we've struggled over 10 years to find an occasion where lack of, you know, if there was lack of consensus, it meant we didn't do the deal. And I don't think we have any, you know, quote unquote outliers that were, you know, false negatives bec…”

“And what I'll say, at least through first fund and, you know, starting to get halfway through our second fund, is when we and our founders agree on those milestones and they hit those milestones, none of them have had problems raising an A round.”

“The LPs we ended up with were all LPs who were excited about equal partnerships. The ones who passed on us were ones that wanted a single key mat, like this notion of, well, it's great to have multiple GPs, but at funds under a hundred million dollars, we real…”

“We also started with the idea of no succession plan, no growth.”

“In 10 of the 11 investments that we made last year, we were offered more allocation than we took, because what we care about is really sort of working with great founders and great co-investors.”

“I think it'll get worse for series A through D companies that can't remain, you know, sort of like default investable.”

“And so in some ways, I think part of our portfolio that's really going to benefit from the slowdown Are the early product market fit, you know, companies that now have some capital in the bank, but don't have to, aren't getting the crossover investors, pitchin…”

“We want to stay focused on early stage companies that we can put not just capital, but time behind. So it means a relatively concentrated investment philosophy. And, you know, we want our legacy to be the companies that we worked with over five or six funds, n…”

“You know, we've made 28 investments or so. I think we're just closing on a 29th a hundred percent, you know, a hundred percent win rate, you know, for whatever that's worth type of thing.”

“Last year we got over 700 applications.”

“So long as we're making a set of six, seven, eight, nine investments each year that will ultimately turn into some number of meaningful, viable, transformative businesses.”

“We Are going to be in that period coming into fund three in 2018, where we want to start being able to raise our funds off of how homebrew is doing and not just our reputation or what we were able to do before homebrew.”