Alex Rampell

The moral hazard is the number one thing.

The moral hazard is the number one thing.

It's like now it's going to fuck up the company either with too much primary or it's like, oh, I know.

It's like now it's going to fuck up the company either with too much primary or it's like, oh, I know.

I won't mess with the primary.

I won't mess with the primary.

I'll just buy secondary.

I'll just buy secondary.

It's like that also has existential risk, as I mentioned, for a certain class of person.

It's like that also has existential risk, as I mentioned, for a certain class of person.

There are other CEOs that like, you know, one of my CEOs did a very, very big secondary in 2021.

There are other CEOs that like, you know, one of my CEOs did a very, very big secondary in 2021.

Like he and the company is hit on some tough times, but like he has stuck it out and like he's doing a phenomenal job.

Like he and the company is hit on some tough times, but like he has stuck it out and like he's doing a phenomenal job.

I think it's the same math, but it's dangerous on both sides.

I think it's the same math, but it's dangerous on both sides.

I always have this speech that works maybe one time out of 100 that I give it, which is kind of like the Spider-Man speech of with great capital comes great responsibility.

I always have this speech that works maybe one time out of 100 that I give it, which is kind of like the Spider-Man speech of with great capital comes great responsibility.

And if you raise it too high of a price, you're fucked.

And if you raise it too high of a price, you're fucked.