The Ledger, every show

“So like when you read those stories of like, I'm sure you've, Read a bunch of them of like, blah, blah, blah. Tech billionaire buys fifty million dollar house, a hundred million dollar house, all cash paid. They're not paying in all cash. What they're doing is…”

“And we did this, like, five, six, seven times over with the executive team that fully turned over in, like, 12 months.”

“We never have to raise again.”

“All asset managers will have to become platform companies, right? Investment advice will no longer be delivered through people and investment products. It will be delivered through platform in a personalized way at scale for Every single investor.”

“So if you look at the side of the managers, most managers are tapped out on LPs. So if you go, if you're starting a venture fund tomorrow or you're starting a new middle market private equity fund and you're going to go pitch the traditional pension funds, end…”

“There's 83 trillion dollars and sub three percent of it, sub two percent of it is like less than, you know, two trillion dollars is in kind of what you would call alternative assets today, which means there's a massive, massive opportunity to sell alternatives…”

“Like our biggest client has more AUM than the entire venture industry deployed over the last two years. And they're an RIA.”

“If it's not this year, it would be late, like Q-three, Q-four it'll probably be early next year. What do you think the current odds are on that? I would say, 60% chance of a recession.”

“I was like the youngest person in history to have a billion dollar business. I think I just turned 20 when our company was valued at a billion dollars.”

“Over the next five to seven years, that market will go from two trillion dollars in assets to 10 trillion dollars in assets.”

“It's the same thing in Hong Kong. Everyone's moving money from out of Hong Kong into Singapore.”

“Most single family offices that have clients with a few billion bucks are typically outsourcing the actual core investment management to an RIA firm.”

“So we went from seed to unicorn in like 18 months, which was kind of insane. Now it's happened a couple of times with, you know, these AI companies, but at the time it was kind of unheard of, especially for one company to raise continuous back to back financin…”

“The seed extension was done in October of 2019. Our A was done in March, and our B was done in May.”

“We were the last investment at Sequoia before everything shut down for the pandemic, like day before the global shutdown.”

“And I ended up being right because when, before the market really took a turn, we were one of the first companies to do a major reset. And it was more painful because other companies weren't doing it, but it ended up positioning ourselves so significantly bett…”

“There's a point in time where they had hired a therapist To talk me out of running the business and just be a normal kid.”

“So we actually scaled the company to like a 150 people or something. It was way more than 70 people, but we hired a lot of managers, like senior executives, people that had come from companies like Meta or Dropbox or others where they'd been used to having 102…”

“We made like 30 grand by the time we were 14, which felt like a ton of money.”

“I was, 15 and a half when I started Vise.”

“So, like, there was a point in time, I was 16 years old. I was living in San Francisco. I was living in the Tenderloin, and then I moved to this house called the Crypto Castle. I was living with 12 people. We shared one bathroom.”