Larry Cheng
๐ค SpeakerAppearances Over Time
Podcast Appearances
Whether we'll get capital, there's people that should be investing in us.
And same with the company and so forth.
And perhaps I have, I've been married for a long time.
So perhaps in dating too, Ryan, it also makes sense.
I don't know.
But yeah, you kind of trust the outcome and then just manage the process.
Oh, that's where it's worse.
I have a couple of thoughts on that.
First is the relationship between an investor and an operator, an entrepreneur.
I mean, it may last longer than most marriages in this country.
So you should be making that choice above everything else on the basis of trust.
Do you trust this person?
Do you want to be married to them in some context?
set aside valuations, set aside value adds, and all of that stuff.
That's the most foundational thing.
You raised something that I thought was really interesting.
I often ask this question in a first meeting with a company, but you can invert it.
The question I ask is, okay, if we go through this entire diligence process with you,
What is the worst stuff that we're going to find?
What are the worst metrics that are going to bother us?