Alex Rampell

Therefore, it's absolutely working.

No, you have to have a high bar on the absolutely working.

This is the fastest growing company we've ever seen.

It probably comes around once every decade.

Throw away the entire rule book, and you should be fine owning 5% of that company because it's an absolute winner.

If you want to know the three investment theses that I have for our fund, I mean, this is exactly what I told LPs, and we'll answer your question in a second.

I think we have three.

We have one, which is we invest in system, like I call it greenfield bingo.

And most of the green, like these are existing software companies, but selling to new companies as opposed to selling to the hostages that will never leave.

They tend to be systems of record or a vertical operating system.

So like the reason why Rillet, I love that company so much, that's never going to grow like zero to 100 in like a month.

But it is very, very sticky revenue.

Once you're on, NetSuite has hostages, not customers, they're not going to leave.

If Rillet can sell into every new company, they're going to do great.

The revenue growth will be slower, but it will be so sticky.

And they have infinite option value on adding like, hey, do you want to have a collections AI agent that runs on top of overdue invoices, blah, blah, blah.

And that's like optionality on top of your sticky system of records.

So number one is Greenfield kind of systems of record.

Number two, and this goes to the fastest growing companies in the world that you're talking about, is like software that does the job of labor.

Like these are new.