Hussein Kanji

Like I said, I've been bullish, right? I mean, I've been very bullish on Darktrace ever since I wrote the very first check because I saw the numbers. And I think this is the delta, right? When you see inside information, like you're close to the company, you know how it's doing and you see the buying opportunities and you see that they're fair prices. These weren't like not overly inflated prices.

Like I said, I've been bullish, right? I mean, I've been very bullish on Darktrace ever since I wrote the very first check because I saw the numbers. And I think this is the delta, right? When you see inside information, like you're close to the company, you know how it's doing and you see the buying opportunities and you see that they're fair prices. These weren't like not overly inflated prices.

So we have a fairly trained growth investor on our team who is not in these companies, who can look at the data just on a pure databases and give a view. So we basically assemble a different team other than the person leading the investment saying, take a look at this, figure it out.

So we have a fairly trained growth investor on our team who is not in these companies, who can look at the data just on a pure databases and give a view. So we basically assemble a different team other than the person leading the investment saying, take a look at this, figure it out.

So we have a fairly trained growth investor on our team who is not in these companies, who can look at the data just on a pure databases and give a view. So we basically assemble a different team other than the person leading the investment saying, take a look at this, figure it out.

But, you know, going back to that dark trace round that KKR did, $4 million a month, so $48 million annualized, $400 million post, not pre-post. That's a pretty average. $4 million a month, so it's doing basically $50 a year. $50 a year, $400 million post. That's a pretty fair price for a SaaS business. Dude, that's ridiculous. You never see that. I'm like, I'm understated. Yeah, that's like a...

But, you know, going back to that dark trace round that KKR did, $4 million a month, so $48 million annualized, $400 million post, not pre-post. That's a pretty average. $4 million a month, so it's doing basically $50 a year. $50 a year, $400 million post. That's a pretty fair price for a SaaS business. Dude, that's ridiculous. You never see that. I'm like, I'm understated. Yeah, that's like a...

But, you know, going back to that dark trace round that KKR did, $4 million a month, so $48 million annualized, $400 million post, not pre-post. That's a pretty average. $4 million a month, so it's doing basically $50 a year. $50 a year, $400 million post. That's a pretty fair price for a SaaS business. Dude, that's ridiculous. You never see that. I'm like, I'm understated. Yeah, that's like a...

It's a good deal. You don't have to think about the founder sometimes or like the vision. You can just look at it from a numbers perspective. It's like, that's a pretty good company in the making. By the way, the Delta was, they'd gone from about a million a month at that point to about 4 million a month. So it was like, it was like super exponential growth in those early days.

It's a good deal. You don't have to think about the founder sometimes or like the vision. You can just look at it from a numbers perspective. It's like, that's a pretty good company in the making. By the way, the Delta was, they'd gone from about a million a month at that point to about 4 million a month. So it was like, it was like super exponential growth in those early days.

It's a good deal. You don't have to think about the founder sometimes or like the vision. You can just look at it from a numbers perspective. It's like, that's a pretty good company in the making. By the way, the Delta was, they'd gone from about a million a month at that point to about 4 million a month. So it was like, it was like super exponential growth in those early days.

The company, when it got privatized, did 732 million of revenue. But when we invested, it was doing like 10K.

The company, when it got privatized, did 732 million of revenue. But when we invested, it was doing like 10K.

The company, when it got privatized, did 732 million of revenue. But when we invested, it was doing like 10K.

Yeah, we've learned a couple of things along the way. People don't really need much from your investors when things are going well. They just need money and kind of get out of the way. Whenever there's a hiccup, usually end up picking up the phone and call your investor and we're usually the ones working it. I think this is a big transition right now in the seed world.

Yeah, we've learned a couple of things along the way. People don't really need much from your investors when things are going well. They just need money and kind of get out of the way. Whenever there's a hiccup, usually end up picking up the phone and call your investor and we're usually the ones working it. I think this is a big transition right now in the seed world.

Yeah, we've learned a couple of things along the way. People don't really need much from your investors when things are going well. They just need money and kind of get out of the way. Whenever there's a hiccup, usually end up picking up the phone and call your investor and we're usually the ones working it. I think this is a big transition right now in the seed world.

Sometimes when those calls are being made, it's not the series A guys or the multi-stage funds that are doing the work. There used to be a time where you wrote the check as the seed firm, then the big boys came in, you exited politely. And the big boys ran the business and they did the board stuff. They did the hiring, firing. If things had to happen, they did the acquisitions.

Sometimes when those calls are being made, it's not the series A guys or the multi-stage funds that are doing the work. There used to be a time where you wrote the check as the seed firm, then the big boys came in, you exited politely. And the big boys ran the business and they did the board stuff. They did the hiring, firing. If things had to happen, they did the acquisitions.

Sometimes when those calls are being made, it's not the series A guys or the multi-stage funds that are doing the work. There used to be a time where you wrote the check as the seed firm, then the big boys came in, you exited politely. And the big boys ran the business and they did the board stuff. They did the hiring, firing. If things had to happen, they did the acquisitions.