David George

We do this very iteratively.

It's not like we need to have a Monday investment committee process.

My first investment committee decision was before I even joined the firm.

And it was Mark Scott and I having breakfast and we were deciding on an investment at breakfast.

So I like to keep it informal, but we want to make it rigorous at the same time.

The other thing I did that's a little bit different is when we hired the team, by the way, I feel very lucky.

It's one of the most special parts of the job for me.

How big is the team?

It's about 10 investors, so it's pretty small.

The reason we can be so small is because we have the early stage teams.

But a cultural trait that I think we've done a pretty good job of building is just collaboration and the willingness to roll up your sleeves and help people.

As part of the team's promotion criteria, evaluation, et cetera, I put in their contribution to collective investment judgment.

Entry level.

From the start, this is part of your job.

You better be contributing to our collective investment judgment.

And it's something that we're going to evaluate you on from the start.

So it's a little bit different for a junior person to be faced with that.

And a lot of times the junior folks, when they join, they have to find their footing.

And when do they chime in?

When do they not?