Alex Rampell

And the answer is you'd rather get a 3x on a billion than a 5x on 5 million.

Or one of my good friends is this guy, Mickey Malka at Ribbit.

I was lucky to be an investor in his fund one personally.

And it's like, that was like a 55x fund on, I think it was like an $85 million fund, but 55x, like that's insane.

But, you know, at some point you can ask Mickey this too.

It's like, you're better off with like a 5x on like a very, very large fund.

Like the harder thing to do is to just return gross dollars, period.

Like that's what LPs actually want.

It's amazing to get a hundred.

I've had two funds that I've invested in.

One is Mickey.

This other one is this fund called AngelPad, which was kind of like a third rate competitor.

I don't want to call it third rate, but it was like, it was not, you know, there was Y Combinator and then it's like, there was AngelPad.

It was just like this small little experiment.

That was 120X.

I got 120 times the capital that I get.

DPI.

How big was the fund?

I think it was $8 million.

But this is the thing.