The Ledger
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Leffell: VC-backed alternative investment platforms are run by techies, not investors
“Those firms had all raised a lot of money from venture capitalists, and none of them were investors. They were all techies. And the key difference from them to what we do is the quality of our investments were materially better.”
Leffell: Newly matched co-founders pose high risk of a six-month breakup
“First off, if we're looking at a sponsor and there's two partners and they've never worked together before, that's something I'm always apprehensive about. I think that one of them will not be there in six months, and I don't want that institutional risk.”