David Frankel

It's a long, long journey. And even post IPO, hang on. When you think your company has a real moat and is very difficult to compete with, don't sell too soon.

It's a long, long journey. And even post IPO, hang on. When you think your company has a real moat and is very difficult to compete with, don't sell too soon.

It's a long, long journey. And even post IPO, hang on. When you think your company has a real moat and is very difficult to compete with, don't sell too soon.

Our biggest loss was probably Pinterest. There'd been so many. So what is my biggest loss? I met Marty Ardlin, who was starting Running Tide. He was a mechanical engineer, first individual in his family who'd gone to college. and just one of the most thoughtful guys in applied ocean that I've ever come across. Third generation lobster fisherman. And I was just very, very seduced by this.

Our biggest loss was probably Pinterest. There'd been so many. So what is my biggest loss? I met Marty Ardlin, who was starting Running Tide. He was a mechanical engineer, first individual in his family who'd gone to college. and just one of the most thoughtful guys in applied ocean that I've ever come across. Third generation lobster fisherman. And I was just very, very seduced by this.

Our biggest loss was probably Pinterest. There'd been so many. So what is my biggest loss? I met Marty Ardlin, who was starting Running Tide. He was a mechanical engineer, first individual in his family who'd gone to college. and just one of the most thoughtful guys in applied ocean that I've ever come across. Third generation lobster fisherman. And I was just very, very seduced by this.

I reversed the truck for Marty. And what I think I underestimated is translating a product vision into something that was truly commercial didn't happen. We lost all of our money on Running Tide.

I reversed the truck for Marty. And what I think I underestimated is translating a product vision into something that was truly commercial didn't happen. We lost all of our money on Running Tide.

I reversed the truck for Marty. And what I think I underestimated is translating a product vision into something that was truly commercial didn't happen. We lost all of our money on Running Tide.

Just too much money. Drove everything. Too much capital. Stuffing capital down entrepreneurs' throats.

Just too much money. Drove everything. Too much capital. Stuffing capital down entrepreneurs' throats.

Just too much money. Drove everything. Too much capital. Stuffing capital down entrepreneurs' throats.

Oh, love that. That's such a good question.

Oh, love that. That's such a good question.

Oh, love that. That's such a good question.

Oh, my God. I'm going to really have to give thought to that. Unmade decision. I literally have got to think about that.

Oh, my God. I'm going to really have to give thought to that. Unmade decision. I literally have got to think about that.

Oh, my God. I'm going to really have to give thought to that. Unmade decision. I literally have got to think about that.

Yeah, it's a great question.

Yeah, it's a great question.