Codie Sanchez

And I was like, this is life-changing money for him.

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.