Codie Sanchez

This is like $20 million in his pocket.

Plus he gets to go work at this strategic company and get equity in that company.

We get a little bit to ride along.

I go, this is a good outcome for him.

You know, I think it's all about incentives, right?

Like I have enough of my own money in there and operate a company.

I know how fucking hard this is.

You know, a lot of these investors are salaried investors.

They got no skin in the game and they've never actually run anything.

Yeah.

You know, I always thought like one of the better ones was like the Sequoia model where like, you know, and I don't know everything behind the scenes and everybody's got skeletons, but I always liked that they were like 90% of our companies have been acquired, sold, or IPO'd.

Like they actually care about the 90%.

Whereas most investors, 90% fail.

They only care about the 10% that win.

Like literally F off every other one.

And I get it because, you know, your best founders don't usually need your help.

You know, it's the ones that are on the lower end that do.

But I think it's good that you guys don't glorify venture raising because these days it's not even how profitable is your company.

Nobody cares about that.

It's how big is your revenue and how much money have you raised.