David Frankel

I don't even know what it is now. We have definitely lost companies. And we've lost, you know, there's good losses and there's bad losses. The bad losses are where you look back and you go, my judgment wasn't good.

I don't even know what it is now. We have definitely lost companies. And we've lost, you know, there's good losses and there's bad losses. The bad losses are where you look back and you go, my judgment wasn't good.

So if I look back and I go, I love the what, I never really loved the who, I've really learned this the hard way. It's, Koppelman called them, are they like red button or green button entrepreneurs? They call it like 7 p.m. just before you're having dinner with your family, do you take the call?

So if I look back and I go, I love the what, I never really loved the who, I've really learned this the hard way. It's, Koppelman called them, are they like red button or green button entrepreneurs? They call it like 7 p.m. just before you're having dinner with your family, do you take the call?

So if I look back and I go, I love the what, I never really loved the who, I've really learned this the hard way. It's, Koppelman called them, are they like red button or green button entrepreneurs? They call it like 7 p.m. just before you're having dinner with your family, do you take the call?

Well, if it's you and I go like, I love this guy, I'm taking the call and I'll say like, I'll call you back after dinner. But if it's red button, oh, you made a mistake. I look at that and I go, do I want to have lunch or dinner with that entrepreneur? That's a big mistake for me. When I look at it and I go, I fell in love with the what?

Well, if it's you and I go like, I love this guy, I'm taking the call and I'll say like, I'll call you back after dinner. But if it's red button, oh, you made a mistake. I look at that and I go, do I want to have lunch or dinner with that entrepreneur? That's a big mistake for me. When I look at it and I go, I fell in love with the what?

Well, if it's you and I go like, I love this guy, I'm taking the call and I'll say like, I'll call you back after dinner. But if it's red button, oh, you made a mistake. I look at that and I go, do I want to have lunch or dinner with that entrepreneur? That's a big mistake for me. When I look at it and I go, I fell in love with the what?

Like I fell in love with the what, but I really didn't love the entrepreneur at the beginning. And I wasn't, you know, the chemistry wasn't there. That's a mistake. When I look and I go, look, that was just such an extraordinary entrepreneur. That person was so compelling. I was so energized by that person. And, you know, the context was wrong. We were too early.

Like I fell in love with the what, but I really didn't love the entrepreneur at the beginning. And I wasn't, you know, the chemistry wasn't there. That's a mistake. When I look and I go, look, that was just such an extraordinary entrepreneur. That person was so compelling. I was so energized by that person. And, you know, the context was wrong. We were too early.

Like I fell in love with the what, but I really didn't love the entrepreneur at the beginning. And I wasn't, you know, the chemistry wasn't there. That's a mistake. When I look and I go, look, that was just such an extraordinary entrepreneur. That person was so compelling. I was so energized by that person. And, you know, the context was wrong. We were too early.

Like we gave it our best shot, but the incumbents just killed us. I never look back at that and go, that was wrong. I look back and I go like that comes, you chop a lot of wood, you're going to get splinters.

Like we gave it our best shot, but the incumbents just killed us. I never look back at that and go, that was wrong. I look back and I go like that comes, you chop a lot of wood, you're going to get splinters.

Like we gave it our best shot, but the incumbents just killed us. I never look back at that and go, that was wrong. I look back and I go like that comes, you chop a lot of wood, you're going to get splinters.

I think it's a great test. I'm very impressed. Sometimes if you love the deal and there's heat for the right reasons, to take a smaller amount is doable. So I think the problem with that comment is it ignores the context and the context matters. So in a vacuum, that's a fine comment and I agree with it.

I think it's a great test. I'm very impressed. Sometimes if you love the deal and there's heat for the right reasons, to take a smaller amount is doable. So I think the problem with that comment is it ignores the context and the context matters. So in a vacuum, that's a fine comment and I agree with it.

I think it's a great test. I'm very impressed. Sometimes if you love the deal and there's heat for the right reasons, to take a smaller amount is doable. So I think the problem with that comment is it ignores the context and the context matters. So in a vacuum, that's a fine comment and I agree with it.

But in the context of there are lots of other people interested, including some collaborators, you may go, I actually want them in this deal with me. And by the way, that is under pressure when people have got funds that are too big and the deals and there's less collaboration. But I think there really are people who you want alongside you because they're smarter and more experienced than you.

But in the context of there are lots of other people interested, including some collaborators, you may go, I actually want them in this deal with me. And by the way, that is under pressure when people have got funds that are too big and the deals and there's less collaboration. But I think there really are people who you want alongside you because they're smarter and more experienced than you.

But in the context of there are lots of other people interested, including some collaborators, you may go, I actually want them in this deal with me. And by the way, that is under pressure when people have got funds that are too big and the deals and there's less collaboration. But I think there really are people who you want alongside you because they're smarter and more experienced than you.