Joshua Browder

My company wasn't yet paying dividends.

I didn't have a fund or anything.

But I did have one source of money, which is that when you get the Teal Fellowship, you get a $100,000 price.

And I thought...

And it just hit my bank account.

I'm going to take all of it and invest in this guy.

So I became his first investor.

Fast forward a few years, it's now a billion dollar company.

And I thought, if this seems to be going well, maybe I should raise a fund to keep it going.

And so I've now raised four funds to do it.

And it's institutionally backed by Sequoia and funder funds.

Well, I think I'm a risk taker at heart, taking my savings and putting it in a random college dropout.

Actually, he was a high school dropout.

Wow.

So 18 year old, you put in all $100,000.

He just turned 18, I think.

And that's important because when I invest in these entrepreneurs, sometimes I have to literally wait for their 18th birthday because they can't sign the contract until they turn 18.

That's crazy.

Yeah.

Yeah, I mean, for me, it's about being a first time entrepreneur.