Hussein Kanji

We'd write the first check. And then Index came in and gazoomed us. What do you mean they gazoomed you? So the round was supposed to be like a million, million and a half, and it became a three million pound round and three million pounds is like, it's a $5 million back then. That was like big enough for the small seed funds.

We'd write the first check. And then Index came in and gazoomed us. What do you mean they gazoomed you? So the round was supposed to be like a million, million and a half, and it became a three million pound round and three million pounds is like, it's a $5 million back then. That was like big enough for the small seed funds.

We'd write the first check. And then Index came in and gazoomed us. What do you mean they gazoomed you? So the round was supposed to be like a million, million and a half, and it became a three million pound round and three million pounds is like, it's a $5 million back then. That was like big enough for the small seed funds.

So like, uh, like which we were really the only seed fund really interested in this couldn't really write that check. Right. Couldn't match. So they ended up winning the deal and then will fought and, and, and we ended up kind of co co-investing with index.

So like, uh, like which we were really the only seed fund really interested in this couldn't really write that check. Right. Couldn't match. So they ended up winning the deal and then will fought and, and, and we ended up kind of co co-investing with index.

So like, uh, like which we were really the only seed fund really interested in this couldn't really write that check. Right. Couldn't match. So they ended up winning the deal and then will fought and, and, and we ended up kind of co co-investing with index.

So we followed, but as a $28 million first fund, which is what we were, it's hard to follow your capital. And then we had a weird scenario in that particular company where our pro rata rights got taken away from us. And in the legal documents, they changed the definition of who would get the pro rata, basically singling us out.

So we followed, but as a $28 million first fund, which is what we were, it's hard to follow your capital. And then we had a weird scenario in that particular company where our pro rata rights got taken away from us. And in the legal documents, they changed the definition of who would get the pro rata, basically singling us out.

So we followed, but as a $28 million first fund, which is what we were, it's hard to follow your capital. And then we had a weird scenario in that particular company where our pro rata rights got taken away from us. And in the legal documents, they changed the definition of who would get the pro rata, basically singling us out.

There weren't that many other seed investors that owned above that bar and below the number that they set. And they forgot that we bought common stock there.

There weren't that many other seed investors that owned above that bar and below the number that they set. And they forgot that we bought common stock there.

There weren't that many other seed investors that owned above that bar and below the number that they set. And they forgot that we bought common stock there.

from angels so we kind of politely didn't comment on the legals and then the next round we said we're going to exercise our prorata and then we were told you can't and i was like yes we can like you know and then they realized the mistake and then they changed it so like we did our prorata in the the seed round was called an a so that it was named by the letter a so we did the b in the c and then we didn't do the d which is when dst came in

from angels so we kind of politely didn't comment on the legals and then the next round we said we're going to exercise our prorata and then we were told you can't and i was like yes we can like you know and then they realized the mistake and then they changed it so like we did our prorata in the the seed round was called an a so that it was named by the letter a so we did the b in the c and then we didn't do the d which is when dst came in

from angels so we kind of politely didn't comment on the legals and then the next round we said we're going to exercise our prorata and then we were told you can't and i was like yes we can like you know and then they realized the mistake and then they changed it so like we did our prorata in the the seed round was called an a so that it was named by the letter a so we did the b in the c and then we didn't do the d which is when dst came in

So we've gone from a $28 million fund to an $89 million fund to a $214 million fund. And we haven't really changed all that much in the way of portfolio construction or what we do, but we are now super aggressive about doubling down. So if we see early traction in any one of our companies, we will figure out a way to put more capital in, in these days for our best companies.

So we've gone from a $28 million fund to an $89 million fund to a $214 million fund. And we haven't really changed all that much in the way of portfolio construction or what we do, but we are now super aggressive about doubling down. So if we see early traction in any one of our companies, we will figure out a way to put more capital in, in these days for our best companies.

So we've gone from a $28 million fund to an $89 million fund to a $214 million fund. And we haven't really changed all that much in the way of portfolio construction or what we do, but we are now super aggressive about doubling down. So if we see early traction in any one of our companies, we will figure out a way to put more capital in, in these days for our best companies.

And our best companies are much higher concentrations than our average company. We're getting closer to like 15, 20% ownership pretty consistently.

And our best companies are much higher concentrations than our average company. We're getting closer to like 15, 20% ownership pretty consistently.