Camilo Acosta

Very few firms have actually been built by former founders.

Founders Fund is certainly one.

Andreessen Horowitz is another.

But there's actually very few when you think about it.

Right.

And what happens when you do make that decision to invest or not invest is you're saying there has to be a pivot.

And I'm investing with the hopes that this team will pivot.

Sometimes you feel so strongly about a team that you say, I'm going to invest and they're going to figure it out.

And I don't believe in this thing that they're doing right now, but they're going to figure it out.

That's how we got our first check.

When I was a founder and CEO, we got our first check and our investor told us, they're like, we have no idea what you're doing or where this is going, but we really like you as a team.

So here's a check.

And that's the kind of bold investing you need to do.

And then we've done, we've invested pre-idea.

I met a founder who had amazing two or three exits under his belt.

And he was like, I don't know what I'm gonna do next.

And I was like, take my money.

I don't know what you're gonna do either, but you're smart enough to figure it out.

So sometimes you just gotta take a bet.

both are fine.