Imran Khan

But if you have a business that is growing slower, relatively steady, I think you should focus on improving your margins, be more cautious on cost, drive more efficiency in the businesses, return capital to the investors. If you are generating profit and you can deploy the capital, you should return capital to the shareholders.

So let's going back, you know, you said Imran, everything you were saying, you're talking about investor perspective, which is true. I will be the first person tell you in your podcast, my loyalty is to my investors who gave me money. I would never give money to an investors who goes out publicly talk about, oh no, we stick with the founders.

So let's going back, you know, you said Imran, everything you were saying, you're talking about investor perspective, which is true. I will be the first person tell you in your podcast, my loyalty is to my investors who gave me money. I would never give money to an investors who goes out publicly talk about, oh no, we stick with the founders.

So let's going back, you know, you said Imran, everything you were saying, you're talking about investor perspective, which is true. I will be the first person tell you in your podcast, my loyalty is to my investors who gave me money. I would never give money to an investors who goes out publicly talk about, oh no, we stick with the founders.

No, because your fiduciary responsibility legally is to your investors who gave you money. It's the guy who manage money for firefighters or who manage money for the teachers. They give their pension money to you. Your responsibility is to help them so that their pension is funded.

No, because your fiduciary responsibility legally is to your investors who gave you money. It's the guy who manage money for firefighters or who manage money for the teachers. They give their pension money to you. Your responsibility is to help them so that their pension is funded.

No, because your fiduciary responsibility legally is to your investors who gave you money. It's the guy who manage money for firefighters or who manage money for the teachers. They give their pension money to you. Your responsibility is to help them so that their pension is funded.

You going out saying that, oh, I support founders and I don't care about my LPs, that's completely BS and that's not the right thing to do. You are taking money from people who you have responsibility to them. They're counting on you. So I have no problem saying that my responsibility, my loyalty is to my investors. And obviously I want the founders to do well and I will help them.

You going out saying that, oh, I support founders and I don't care about my LPs, that's completely BS and that's not the right thing to do. You are taking money from people who you have responsibility to them. They're counting on you. So I have no problem saying that my responsibility, my loyalty is to my investors. And obviously I want the founders to do well and I will help them.

You going out saying that, oh, I support founders and I don't care about my LPs, that's completely BS and that's not the right thing to do. You are taking money from people who you have responsibility to them. They're counting on you. So I have no problem saying that my responsibility, my loyalty is to my investors. And obviously I want the founders to do well and I will help them.

But at the end of the day, people who give me money, I have fiduciary responsibility to them. So any investor who says that, they are either completely clueless or they're not being honest with themselves. But going back, why it's right for founders to go public. I want to say that, listen, if you have a company that doesn't have any liquidity for their employees, that's not good for the employees.

But at the end of the day, people who give me money, I have fiduciary responsibility to them. So any investor who says that, they are either completely clueless or they're not being honest with themselves. But going back, why it's right for founders to go public. I want to say that, listen, if you have a company that doesn't have any liquidity for their employees, that's not good for the employees.

But at the end of the day, people who give me money, I have fiduciary responsibility to them. So any investor who says that, they are either completely clueless or they're not being honest with themselves. But going back, why it's right for founders to go public. I want to say that, listen, if you have a company that doesn't have any liquidity for their employees, that's not good for the employees.

Yeah. The question is how long it'll last. I think years. And maybe you can do it for years. You know, the thing is that that's a cycle going to go on. But I think over time, I don't think it's a great look when your existing investor marking up that existing deal to give employees the liquidity. I'm surprised that allocators are not asking the hard questions.

Yeah. The question is how long it'll last. I think years. And maybe you can do it for years. You know, the thing is that that's a cycle going to go on. But I think over time, I don't think it's a great look when your existing investor marking up that existing deal to give employees the liquidity. I'm surprised that allocators are not asking the hard questions.

Yeah. The question is how long it'll last. I think years. And maybe you can do it for years. You know, the thing is that that's a cycle going to go on. But I think over time, I don't think it's a great look when your existing investor marking up that existing deal to give employees the liquidity. I'm surprised that allocators are not asking the hard questions.

The reality is, I actually don't think Stripe needs to go public. But if Stripe is a profitable business and buy back that shareholder's stock or return and buy back employees' stock, that's fine. Like, listen, there's a lot of great companies who are private for a long period of time. Cargill is a private company and does a lot of time. And there's nothing wrong.

The reality is, I actually don't think Stripe needs to go public. But if Stripe is a profitable business and buy back that shareholder's stock or return and buy back employees' stock, that's fine. Like, listen, there's a lot of great companies who are private for a long period of time. Cargill is a private company and does a lot of time. And there's nothing wrong.

The reality is, I actually don't think Stripe needs to go public. But if Stripe is a profitable business and buy back that shareholder's stock or return and buy back employees' stock, that's fine. Like, listen, there's a lot of great companies who are private for a long period of time. Cargill is a private company and does a lot of time. And there's nothing wrong.

If you're a private company and you don't want people's pay, like don't want to deal with public market, I think that's an honorable thing to do if you make your business profitable and pay it back to other people money. but constantly going raising money to give your employee liquidity and to run the business. You know, I hate to say that. That just doesn't feel right.