Bill Maris

Yeah, you guys were in the B and the C. Yeah, $1 billion was a lot of money then.

Yeah, you guys were in the B and the C. Yeah, $1 billion was a lot of money then.

Back then, that was a good deal.

Back then, that was a good deal.

Now we're going to do it again with Ohalo.

Now we're going to do it again with Ohalo.

So my observation on that would be one, I haven't seen the data science to support that second conclusion of the late stage companies that that can be an ongoing trend other than this one moment, this weird moment in time with these multi kind of trillion dollar exits that are coming.

So my observation on that would be one, I haven't seen the data science to support that second conclusion of the late stage companies that that can be an ongoing trend other than this one moment, this weird moment in time with these multi kind of trillion dollar exits that are coming.

That would be kind of observation one.

That would be kind of observation one.

Two would be at a certain point,

Two would be at a certain point,

And this is not a negative.

And this is not a negative.

It's just an observation.

It's just an observation.

If you're an RIA and you're collecting assets, that is not venture.

If you're an RIA and you're collecting assets, that is not venture.

Venture, as I practice it at least, is a different craft where you are making concentrated bets of your time and capital on entrepreneurs and helping them build a business.

Venture, as I practice it at least, is a different craft where you are making concentrated bets of your time and capital on entrepreneurs and helping them build a business.