Jens Grede

I don't think our physical lives are going anywhere, but let's assume that it is going somewhere.

What is status to my 11-year-old?

Well, he has status in what he has achieved in Roblox.

He feels a great sense of status of what he's built,

What he has, I don't think that status is limited to physical objects.

Humankind will always find ways to display status.

If you interact in social gaming, from what I'm seeing,

All of our cues of status here in our physical world is in their digital world.

It's a direct transference.

There's really no difference.

I don't know what the future looks like in 20 years, but as far as my children goes, they combine physical and digital status.

What teenager or 20-something doesn't have status in the amount of followers they have?

Status exists in so many different ways.

I don't think that's going anywhere.

It's right up there with hunger.

It's a basic human need.

Josh and Neil are both really, really special people.

They are, say, atypical in many ways.

They're both guys of really high conviction that take a long-term view and they take a lot fewer bets than many other people that I know in the venture space.

They really do believe in doubling down behind their winners and staying engaged.