Larry Cheng

Then the question is, what type of undermining or philosophy of the partner do you want to bring on board?

Do you want someone who has the mentality and perhaps the experience of just gunning for it, will help you raise tons of capital, will keep the eye on the prize of a multi-billion dollar outcome,

And you know that there's some risk to that.

And sometimes that is exactly, they will take a ton of risk and they will swing for that one in 20 or maybe one in 100 shot.

And maybe that's right for you.

And so that's great.

If you want someone who has a different mentality and is going to be more risk adjusted, maybe growth equity is the right partner.

And so you start to look within that sort of delineation.

Then when you pick one, you look for partners that have sector expertise or value add in the areas that you need or have portfolio companies that are relevant to your work, have the same philosophy in how they're going to work with you.

Are they going to be too overbearing or not?

You start to delineate underneath that.

But I would say that's kind of the trio of how you think about it.

Yeah, you know, my philosophy is you try and turn the long maybes into a quick no.

And that saves you time.

And every firm has a fit.

And it's the type of deal that's in their comfort zone.

And you want to assess whether you're a good fit because you could spend two months and it's just not a good fit at the end.

And so I try and make it easy for people to turn me down.

listen, I totally understand.

We might not be the right stage.