Alex Rampell

And again, it's the exact inverse conversation that an entrepreneur is having, where it's like, I want a tier one investor.

I want an amazing specialist.

I want whatever I want on this person I want on my board.

What is the least amount that I can give up to get an amazing person?

And they would love to get 5% A round deals done.

But they're like, oh, wait a minute, that's not going to work.

And that's the tension between the two.

So I agree with you.

But I think it's like Zeno's paradox.

You know what that is, right?

It's like, you will never get to the destination if you go halfway each time.

Is it 9%?

Well, why not just do it at 9%?

Why not do it at 8%?

Where do you draw the line on that?

I know, but the problem is it's kind of garbage in, garbage out.

It's like you can always say that for something because otherwise you're like, oh, wow, I underestimated the size of the black car market.

It's hard.

I mean, the way that I do it, just kind of to be pithy about it, is like we either want to buy any percent, any percent of something that is absolutely working or high ownership of something that could work.

If you really kind of draw a line of like, you have to bifurcate the market.