Hussein Kanji

But these days with the growth of those guys, it's all call options for them, right? They will invest into something and see how it plays out so they can write the 30, $50 million check where it starts to get meaningful. Whereas for us, it's always meaningful. So we end up usually doing all of this heavy lifting.

But these days with the growth of those guys, it's all call options for them, right? They will invest into something and see how it plays out so they can write the 30, $50 million check where it starts to get meaningful. Whereas for us, it's always meaningful. So we end up usually doing all of this heavy lifting.

But these days with the growth of those guys, it's all call options for them, right? They will invest into something and see how it plays out so they can write the 30, $50 million check where it starts to get meaningful. Whereas for us, it's always meaningful. So we end up usually doing all of this heavy lifting.

And as a result, there's a bias that comes into this, which you then think you can fix a lot of stuff. We had a company that hit a stumbling block. We doubled down, rolled up the sleeves, started working. The other investor with us, it was another big venture fund in with us on this company, wrote it off. Weirdly enough, still turned up to the board. So they wouldn't give up their board seat.

And as a result, there's a bias that comes into this, which you then think you can fix a lot of stuff. We had a company that hit a stumbling block. We doubled down, rolled up the sleeves, started working. The other investor with us, it was another big venture fund in with us on this company, wrote it off. Weirdly enough, still turned up to the board. So they wouldn't give up their board seat.

And as a result, there's a bias that comes into this, which you then think you can fix a lot of stuff. We had a company that hit a stumbling block. We doubled down, rolled up the sleeves, started working. The other investor with us, it was another big venture fund in with us on this company, wrote it off. Weirdly enough, still turned up to the board. So they wouldn't give up their board seat.

So they wouldn't get recapped. So they defended themselves, but they wrote zero additional check. And the company needed about 2 million to turn itself around. And we were able to put a million. And we assumed if we did the first million, Someone else would come in and do the other million and we'd kind of get it there and ended up raising like 1.3 out of the two, ran out of cash.

So they wouldn't get recapped. So they defended themselves, but they wrote zero additional check. And the company needed about 2 million to turn itself around. And we were able to put a million. And we assumed if we did the first million, Someone else would come in and do the other million and we'd kind of get it there and ended up raising like 1.3 out of the two, ran out of cash.

So they wouldn't get recapped. So they defended themselves, but they wrote zero additional check. And the company needed about 2 million to turn itself around. And we were able to put a million. And we assumed if we did the first million, Someone else would come in and do the other million and we'd kind of get it there and ended up raising like 1.3 out of the two, ran out of cash.

Business had turned around. Someone else, it went into insolvency. Someone picked it up and has been flying with it since then, right? Because all the heavy lifting got done. I got a call about two months ago and this is weird. I heard that you were such a good board member for this company.

Business had turned around. Someone else, it went into insolvency. Someone picked it up and has been flying with it since then, right? Because all the heavy lifting got done. I got a call about two months ago and this is weird. I heard that you were such a good board member for this company.

Business had turned around. Someone else, it went into insolvency. Someone picked it up and has been flying with it since then, right? Because all the heavy lifting got done. I got a call about two months ago and this is weird. I heard that you were such a good board member for this company.

I want to give you stock options and have you back in the company on the board and I'm giving it to you for free. But the lesson for us is that this one feels like it might actually work out. The lesson for us is, like, this hard work stuff, you need to be well capitalized to be able to do. And sometimes it's not our place.

I want to give you stock options and have you back in the company on the board and I'm giving it to you for free. But the lesson for us is that this one feels like it might actually work out. The lesson for us is, like, this hard work stuff, you need to be well capitalized to be able to do. And sometimes it's not our place.

I want to give you stock options and have you back in the company on the board and I'm giving it to you for free. But the lesson for us is that this one feels like it might actually work out. The lesson for us is, like, this hard work stuff, you need to be well capitalized to be able to do. And sometimes it's not our place.

Like, even if we could do the work, we don't have the capital base to be able to do these things.

Like, even if we could do the work, we don't have the capital base to be able to do these things.

Like, even if we could do the work, we don't have the capital base to be able to do these things.

I don't know if it's worsened, but I think we've gone to an era where people are writing checks and then letting things play out. There's a great transcript oral history. I do a lot of reading, right? So there's an oral history that the Computer History Museum does in California.

I don't know if it's worsened, but I think we've gone to an era where people are writing checks and then letting things play out. There's a great transcript oral history. I do a lot of reading, right? So there's an oral history that the Computer History Museum does in California.