Bill Gurley

And go run that exercise.

You're going to come up with so many really creative, wonderful things that are highly differentiated.

Yeah.

So that's why I think that.

Um, I'm a, I'm a big believer that it can be very, very helpful to, um, I think it can help you with, uh, both peer and mentor development.

Um,

I think, you know, there's probably a limit if you're known as the person that's always out at the conferences, you know, then they could, but some amount of that, there's a great, one of my favorite stories in the book is about the athletic director here at the University of Texas, Chris Del Conte.

And when he was very early working in athletic departments, he went to a conference and met four or five other young people that were at the exact same

And this is one of those fields where if you're in the epicenter, it may not matter as much.

But he was in a field where everyone's distributed.

And this was the only opportunity for those chance moments.

Yeah.

And that group of friends.

Yeah.

stayed in touch started a text group started sharing ideas and they expanded a little bit over time but they're now all d1 athletic directors they all rose to the top yeah seven or an eight yeah yeah seven or an eight but field field the you know field dependent yeah yeah

Well, I've historically been very negative on this, so I will put a three on it just to be consistent.

The venture industry has evolved, and I don't think this affects the vast majority of founders, but the ones at the top.

The industry has evolved to where most of the rounds are preemptive and proactive, which means you didn't start a fundraising process.

Someone thinks you're doing well and knocked on the door and is force-feeding you money.

And that is currently the way things happen.