Justin Ishbia
speaker
1,101 appearances
1 recordings
1 series
first heard Sep 2025
last heard Sep 2025
Justin Ishbia’s voice in public audio — every appearance, attributed to the second.
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Appearances
And basically I heard over and over again was,
No one is investing as part of the market because when you're good at private equity, what do you do?
Raise a bigger fund.
When you're not good, you wash out.
So who stays small for the long term?
The answer is really nobody.
And so we decided to do a franchise, a microcap franchise that would stay small for the long term, but have a bunch of different products.
And so those early formative days, that is when we had a pre-fund.
Like pre-funds,
are something I think that people zoom past these days.
I want to go raise the first fund one, $200 million.
It is really hard raising $200 million.
It's really hard raising $100 million.
And so the reason why we did it that way, I wish I could say I was smart enough this was a plan, but my mentor said to me years ago, it was like 2007 or 2008, and said, Justin, when it's a good time to fundraise, it's a bad time to invest and vice versa.
And he said, when you start, make sure you start when it's a bad time to fundraise.
So I knew it until 2009.
I didn't know 2009 March was the bottom.
I didn't know that was exactly, but I knew it was bad.
I didn't know how much worse it was going to get.
But I said to myself, well, you got to do it when it's bad out there.
Showing 81–100 of 1,101 · page 5 of 56
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