Anish Acharya

Yeah.

I mean, one, he's a cold-blooded capitalist, which is awesome.

He just has great instincts.

And I think, to me, the seed stage is the hardest stage at which to invest.

Because it's easy to make one great seed investment, but it's hard to have a system, I think, for doing great seed investing.

Because there is, even when the people are amazing, there just isn't anything there yet.

There is no product, the true seed.

There's no product and there's no go-to-market yet.

A post-product pre-traction, that gets easier.

Post-product post-sum traction, that gets a lot easier.

And I call that a series A. But at the true seed, it's just hard to be right a lot.

And he has consistently been right a lot.

So when I sort of look at a seed manager I respect, I don't know exactly what his witchcraft is, but it's working.

He's right a lot.

I think the thing that surprised me about this product cycle, you know, I was building my first company in the mobile product cycle.

And in the mobile product cycle, the sort of like the anointed winners in 2008, 2009 were not the eventual winners.

So we had this cycle where you sort of had the Friendsters and then two or three years later, you had the Facebooks, right?

In this product cycle, what's actually interesting is a bunch of the early leaders from 23 and 24

have maintained their lead.

We talked about Harvey.