Alex Rampell

If you're an investor, you're just going to lose money all the time.

The most valuable insight that you can have as an investor is the self-reflection to say, I'm an idiot.

And if I'm a hedge fund guy, it's like, I get to sell.

It's like, oh, I thought I was a genius, buying Herbalife, blah, blah, blah.

Like, oh, wow, this company's not good.

I'm going to sell everything.

Versus no, I wanna prove to the world that I'm right, well, I'm gonna lose all my money.

So it's the same thing here, but for upside, we can't sell.

But we can say like, this is the winner.

I want to be in the B at a lower ownership because like, this is the fucking winner.

Well, I mean, this is actually one of the things that we looked at because I kind of feel like my job here is kind of quasi portfolio manager.

So I run our apps fund, seven different funds.

And my job is to make sure that like that fund is as successful as possible.

And, you know, we're winning the right deals that we if we just say, hey, everybody win every single deal.

Just win every deal.

It doesn't matter.

That's all I'm going to optimize for.

And we end up with 5% checks in every Series A. Like, you know that's not going to work.

We can win every deal that way.

How far on this curve can you go?