investment firms

“Often they fail not on the investment side, but they fail on the business side. There is the business of investing, and then there's investing.”

“The challenge on the founder side is that a lot of the skills that make you a great investor are typically not the ones you need to build an investment firm.”

“So what's kind of fascinating is that although investment firms do a lot of work on the investments that they make, they often don't take the same approach and the same critical and analytical lens on themselves. So what we find is that in investment managemen…”

“I think where we've had less success than we would have hoped is that things don't go exceedingly well early. People tend to gravitate back towards what's traditional and comfortable. It's always better just to press whatever advantage you think. So be as diff…”

“I think it's much easier to have a firm that is a great investment firm because it has one or two great investors. Now, I'm not saying we are that, but just take any famous investment firm out there, Hedge Fund or Berkshire Hathaway. Really, the persona of the…”

“That's not to say we not do business with investment firms that are public or investment firms that don't have minority stakes, but it's more the exception than the rule because we're focused on people who are waking up and thinking about their returns and the…”

“There are definitely times where both forms of growth can dilute the returns and lead to a drift in strategy relative to what made the firm successful initially. That's driven by the fact that you had people who wanted to grow their careers, but there hadn't b…”