Alex Rampell
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I get very excited about those.
But I think your mileage varies because the nomenclature is all over the place.
Well, I did one of them, right?
Like I'm on the board of Rillet.
I did the Series B and it was 60 days after the Series A. And that's unfortunate.
I would have rather done the Series A or rather done the seat, of course.
But if you find the winner, it's also very expensive not to do that deal.
Well, but this is where I think the motivation of the founder is very, very important.
So going back to, like, I mean, Nick, who's the CEO of Rillette, I mean, I think he does have a bit of the Count of Monte Cristo in him.
Like, and it's like, he doesn't want to go take this money and go spend it on extravagant things, right?
So I think you have to make sure that there's kind of like founder capital fit.
Nobody ever talks about that.
It's like, okay, if I give you a billion dollars, what will you do with it?
And 99 times out of 100, the answer is going to be bad news.
And not even bad news around waste.
But just bad news in terms of mindset.
Like it's another form of moral hazard where it's like I'm never forced into making hard decisions because I have infinite capital.
And you kind of want to force people into making hard decisions.
And like I live this.
I mean, I've tweeted about some of these things during my painful existence at Trial Day where, you know, I think we had to lay off 70% of the company.