The Ledger, every show

“And with certain social businesses, I don't like that the premise is really all based on We're going to trigger, like, a little dopamine high in all of these people and keep them coming back. It makes them, like, drug addicts, and, like, it literally is a dopa…”

“I think there's a future here. I think you can become something like a Strava or a Peloton.”

“In my heart of hearts, I feel like your market is going to end up being more in the enterprise than it's going to end up being out on the trail.”

“If you scale up and you've got a hundred cars on the road to Palm Springs every day, and the other Tesla drivers who are not commercial drivers cannot get a supercharger, I guarantee you Tesla is gonna say, no commercial use, you are not allowed to use our sta…”

“It's 30% can be diagnosed with clinical depression. 30% can be diagnosed with ADHD. It's about 29% can be diagnosed with, like, problematic anxiety to, like, where a clinician would diagnose you with it. And there's some overlap that still ends up being, like,…”

“Howie's going to lose out on this one.”

“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”

“I think Starbucks coffee is atrocious. I think their brewed coffee is atrocious.”

“I'm just concerned that the number of pet parents who are forward thinking enough about their pet's health is too small.”

“Today I've got to value you at 42,000 MRR, and you know, that's more like a four or five million dollar cap. You know, ten million is fairly generous. 15 is really, like, off the charts at that.”

“You did it in the name Tesloop, and I think that if you got really big, either Tesla's gonna buy you, or they're going to shut you down on that name. Cause it's definitely trademark infringement.”

“I think a lot of great businesses have been built on the back of hacks, right? Sort of taking advantage of loopholes in the system.”

“I think Starbucks coffee is atrocious. I think their brewed coffee is atrocious.”

“I think there's a future here. I think you can become something like a Strava or a Peloton.”

“So I think we won't have trouble getting into deals that are hot deals because of the value add we're bringing. I think that that really does move the needle with founders.”

“And I don't think you're going to be able to get piecemeal adoption, because I think the kids are going to rebel against it.”

“I think the screens on the back of the planes gets them 80% of the way there, and this might be a little bit better, but I don't know if it's enough to, like, really drive change.”

“I think, honestly, your, the stage of your company is really idea stage. It's not just pre-revenue, but it's really idea stage, because you haven't built out any of the logistics part of the business yet. It's a whole, whole realm you haven't even touched on, …”

“And I'm thinking about the other, like the human wearables market. And a lot of that is driven by ego and performance and the quantitative self movement. And obviously that doesn't translate.”

“I think I want to invest either way. I think you'll figure it out, but I'd like to do a small check, like 25 K or something and start working together.”

“This, it's good. It's not as good as like a great cup of coffee at Phil's would be, I think, or Blue Bottle.”

“But I just don't think the unit economics work at 13 dollars. A lunch. I mean, I don't think you're gonna be able to get it down to five, which would be amazing. I think that would be an easy sell all across the country, but it's gotta be under 10 for you to h…”

“You never really know exactly what the relationship's gonna be like before you invest, no matter how much diligence you do.”

“I know the casinos have a huge problem with millennials and millennials prefer table games, but the table games aren't generally as profitable, and the slots are, used to be the bread and butter of the casinos, and they're sort of dying out, right?”

“The content creators are really hard. I mean, I think these guys are sharp, and they're working on an interesting niche, for sure. But when it comes to new social games, like, mobile apps, basically, like, I think predicting which next studio is going to be hu…”

“And it turned out that those deals were the best deals we invested in, like across our portfolio. So they were raising A-Rounds within six months, much higher valuations. The revenue was growing really quickly in all of those companies.”

“Yeah, I mean, it was, it's half and half based on number of investments, but it is, you know, 9010 or 80 20 in terms of capital deployed.”

“The other thing that's important to think about as a fund manager that I don't think is obvious is that even if the best strategy is to invest in pre-seed, seed, and post-seed, there is a lot of value to, at least from the external perspective, having a really…”

“I don't think you can build a really great business on just these hardware sales. And I think that's really what you need to make this business big long term.”

“And so, you know, for that reason, I think I'm going to have to pass right now.”

“So they went out to do some more fundraising, and based on all this progress, we decided to increase our investment. So, you know, our initial commitment was 25,000, relatively small, but we just committed an additional 100,000 dollars to their round .”

“What we ended up doing was we spun it out as a separate business. We've had firms, other firms reach out and say, can we send our founders through Atlas? And so we started partnering with other venture firms, or we're taking their founders.”

“I think you might run into a problem where people who are looking at themselves in the mirror and then choosing food. I'm serious. I think this is going to reduce the conversion of food orders in hotel rooms, and it's a bit in the weeds. I think you might see …”

“We're a smaller fund. I'd like to do 50,000.”