March Capital

“Did we make some investments in early stage consumer and fund one that didn't work out? Yeah. Those cost you maybe millions of dollars or maybe tens of millions at a minimum, but we left billions of dollars on the table by errors of a mission.”

“We'll concentrate at the 15% in any fund in one company, and then 75% of our investments will be in 10 companies in a fund, and we'll monitor companies for a couple of years before we invest, so we really know them well, so.”

“It's not a zero-sum game in the venture business. Usually, you know, there's four, five, six investors in a company, and it takes a 102 hundred million dollars to grow a great company, and we're one of those investors.”

“By doing a fewer number of companies that had a lot of benefit to us in terms of how we spend our time, we could work more closely with the management teams, and then we've gained their trust and respect, and they would give us more access to the companies and…”

“So we're building one company that we think will be the AWS of the edge. We think we can build a company that's worth 40, fifty billion dollars in 10 years.”

“We underwrite our investments to valuations that are 30 to 50% lower than the current marketplace. So we basically say, look, if we can't underwrite, we want a margin of error when we do a deal.”

“We had the largest electronics payment company in India. We did one, we did 70% of the payments for one-fifth of the world's population. I mean, think of the scale on that. We just sold it for about five billion dollars.”