Floodgate

“About 10 years ago, Twitch was acquired by Amazon for nine hundred and seventy million. And we made something like 85 times our money. And normally you'd think that's a really good thing. It was a good thing, but I had forgotten that I was even a shareholder a…”

“I mean, if there's one piece of goodness about us passing on air bed and breakfast design, Ann and I were like, man, you know, nobody's gonna want to stay in a stranger's house. That's crazy.”

“When I was raising fund one for floodgate, I would go to an LP and say, We believe that there's a gap between angels and VCs and VCs are writing five million dollar checks, angels, 250,000 dollar check. We believe that 500,000 is the new five million because o…”

“Early customers are not animated by pragmatism. They're animated by belief. Early, early customers, early employees, early investors Don't decide to go into business with you because of the practical reasons that you unlock. They do it for aesthetic reasons. T…”

“So then I looked at, I'd been investing for about 10 years. And I noticed that like 80% of my exit profits had come from pivot.”

“The great movements do appeal to a higher purpose. They don't say I'm better. I'm better than company X. You know, I'm Avis. I try harder than her. They appeal to a more aesthetically higher purpose future. And then they show that this startup is the vehicle f…”