David Weisburd

What does product market fit look like at its very early stages?

How do you know that a company has product market fit?

It's that difference between theoretically saying something's good and saying, I want it.

You mentioned that you got a pattern recognition for good founders versus great founders.

What's that distinction between an A founder and A plus founder?

They have a screw loose, but it doesn't keep them from burning down their company.

They're able to function.

Do you think for those entrepreneurs, it's the absence of fear that most people have, or do you think it's really some pathological mental issue?

Your family's almost a century into the food business and the family wealth has now gone down several generations.

You talk about family offices going from risk off to risk on, which your family office is going through.

Tell me about that transition.

How does a family office transition from risk off to risk on?

Family offices are default debt.

If they continue to compound at 6%, 7%, it's just going to be attrition.

And by generation three or four, the wealth will evaporate.

It's a math equation.

I want to double click on that, actually.

So you obviously come from a wealthy family, but you have that entrepreneurial drive.

You have that entrepreneurial edge.

So many billionaires and so many single family offices ask me, David, how do I make sure that my kids are not spoiled?