Hussein Kanji

No, sorry, 15, 15 out of 15. And they split it between 10 for Isomer and five for us. I have five from the family, 10 from them.

Yeah, yeah. That basically made our fund. We would not have a fund without them.

Yeah, yeah. That basically made our fund. We would not have a fund without them.

Yeah, yeah. That basically made our fund. We would not have a fund without them.

Oh, yeah. So I got this advice from Mike Maples, who said, do not do a fundraise for a size of the fund. Do a fundraise for time of the fund. So in other words, give yourself 90 days. Whatever you get, go start investing. You're a smart guy. You can figure out how to do portfolio construction with a smaller amount of money or a bigger amount of money.

Oh, yeah. So I got this advice from Mike Maples, who said, do not do a fundraise for a size of the fund. Do a fundraise for time of the fund. So in other words, give yourself 90 days. Whatever you get, go start investing. You're a smart guy. You can figure out how to do portfolio construction with a smaller amount of money or a bigger amount of money.

Oh, yeah. So I got this advice from Mike Maples, who said, do not do a fundraise for a size of the fund. Do a fundraise for time of the fund. So in other words, give yourself 90 days. Whatever you get, go start investing. You're a smart guy. You can figure out how to do portfolio construction with a smaller amount of money or a bigger amount of money.

Go deploy it, go put points up on the board, go prove that those investments are actually really good, and then go back into the market to go raise more capital. And again, Floodgate had four big LPs, Princeton, Yale, Horsley, and I forget who, and I think Notre Dame was the fourth. And it was a $75 million first-time fund.

Go deploy it, go put points up on the board, go prove that those investments are actually really good, and then go back into the market to go raise more capital. And again, Floodgate had four big LPs, Princeton, Yale, Horsley, and I forget who, and I think Notre Dame was the fourth. And it was a $75 million first-time fund.

Go deploy it, go put points up on the board, go prove that those investments are actually really good, and then go back into the market to go raise more capital. And again, Floodgate had four big LPs, Princeton, Yale, Horsley, and I forget who, and I think Notre Dame was the fourth. And it was a $75 million first-time fund.

So to me, it was like, this is great advice, but it's like kind of luxury advice, right? Because look at your LP base and look at the size of your fund. So I ignored it. But the advice I give every emerging manager is Mike's advice, which is that's what you ought to do. Like give yourself a finite amount of time. Do not do what we did.

So to me, it was like, this is great advice, but it's like kind of luxury advice, right? Because look at your LP base and look at the size of your fund. So I ignored it. But the advice I give every emerging manager is Mike's advice, which is that's what you ought to do. Like give yourself a finite amount of time. Do not do what we did.

So to me, it was like, this is great advice, but it's like kind of luxury advice, right? Because look at your LP base and look at the size of your fund. So I ignored it. But the advice I give every emerging manager is Mike's advice, which is that's what you ought to do. Like give yourself a finite amount of time. Do not do what we did.

39 months to basically do nothing with your life other than beg, which is what you're doing, is a lot of time wasted. Were you terrible at fundraising? Oh, awful. Why? I think we were selling a story that nobody believed in, right? Europe is going to produce really good outcomes. Prove it to me. Well, there's no data. Like you look in the rears, there are no outcomes.

39 months to basically do nothing with your life other than beg, which is what you're doing, is a lot of time wasted. Were you terrible at fundraising? Oh, awful. Why? I think we were selling a story that nobody believed in, right? Europe is going to produce really good outcomes. Prove it to me. Well, there's no data. Like you look in the rears, there are no outcomes.

39 months to basically do nothing with your life other than beg, which is what you're doing, is a lot of time wasted. Were you terrible at fundraising? Oh, awful. Why? I think we were selling a story that nobody believed in, right? Europe is going to produce really good outcomes. Prove it to me. Well, there's no data. Like you look in the rears, there are no outcomes.

Now, 15 years later, 13 years later, it's obvious that there are comes here. So it's much easier to tell that story. Now people shop for this product, but you're basically selling a product that nobody's designed to buy.

Now, 15 years later, 13 years later, it's obvious that there are comes here. So it's much easier to tell that story. Now people shop for this product, but you're basically selling a product that nobody's designed to buy.

Now, 15 years later, 13 years later, it's obvious that there are comes here. So it's much easier to tell that story. Now people shop for this product, but you're basically selling a product that nobody's designed to buy.

No, we were pretty methodical and like all the way through. The only time we probably maybe sped up was like 2021, but I think the whole industry was speeding up at that point. And then we slowed down intentionally in 22. So we do, we used to do about four to six a year.