Mamoon Hamid

You know, I've just gone through my first sort of bigger loss in terms of capital loss. For a while, a company just shut down, a company called Tally and the founder, Jason Brown, who I've known for 15 years. I had him on the show. Yeah. And how much did you lose? 30 million or so. Multiples of the largest loss prior to that. So I don't wear this badge of honor of like losing a lot.

You know, I've just gone through my first sort of bigger loss in terms of capital loss. For a while, a company just shut down, a company called Tally and the founder, Jason Brown, who I've known for 15 years. I had him on the show. Yeah. And how much did you lose? 30 million or so. Multiples of the largest loss prior to that. So I don't wear this badge of honor of like losing a lot.

You know, I've just gone through my first sort of bigger loss in terms of capital loss. For a while, a company just shut down, a company called Tally and the founder, Jason Brown, who I've known for 15 years. I had him on the show. Yeah. And how much did you lose? 30 million or so. Multiples of the largest loss prior to that. So I don't wear this badge of honor of like losing a lot.

I mean, there's a whole thing in venture, like you need to lose like so many million dollars before you made it kind of thing. And I think there's a lot more precision one can apply even at the early stage to not put more money in to lose more. Because our job is to invest 5, 10, 15 upfront. And if you lose five on a seed check, all good. That's your job. Is there anything you learned from Tally?

I mean, there's a whole thing in venture, like you need to lose like so many million dollars before you made it kind of thing. And I think there's a lot more precision one can apply even at the early stage to not put more money in to lose more. Because our job is to invest 5, 10, 15 upfront. And if you lose five on a seed check, all good. That's your job. Is there anything you learned from Tally?

I mean, there's a whole thing in venture, like you need to lose like so many million dollars before you made it kind of thing. And I think there's a lot more precision one can apply even at the early stage to not put more money in to lose more. Because our job is to invest 5, 10, 15 upfront. And if you lose five on a seed check, all good. That's your job. Is there anything you learned from Tally?

That lending businesses are really hard. Consumer lending is very hard. Did you do reserves there? Yes. And that was where it went wrong? Well, the first check was back to the 60-40. It was like 60-40, but there's more along the way that went in because they raised subsequent up rounds from great investors.

That lending businesses are really hard. Consumer lending is very hard. Did you do reserves there? Yes. And that was where it went wrong? Well, the first check was back to the 60-40. It was like 60-40, but there's more along the way that went in because they raised subsequent up rounds from great investors.

That lending businesses are really hard. Consumer lending is very hard. Did you do reserves there? Yes. And that was where it went wrong? Well, the first check was back to the 60-40. It was like 60-40, but there's more along the way that went in because they raised subsequent up rounds from great investors.

The round after us, Angela at Andreessen Horowitz did it, and it was a great round, great time for the company. And then it did one in 2022 with one of our seed investors, Sway, led the growth round because things were going really well. And then consumer lending just turned. This is when interest rates went up from 0% to 5%. And that really made that business really difficult.

The round after us, Angela at Andreessen Horowitz did it, and it was a great round, great time for the company. And then it did one in 2022 with one of our seed investors, Sway, led the growth round because things were going really well. And then consumer lending just turned. This is when interest rates went up from 0% to 5%. And that really made that business really difficult.

The round after us, Angela at Andreessen Horowitz did it, and it was a great round, great time for the company. And then it did one in 2022 with one of our seed investors, Sway, led the growth round because things were going really well. And then consumer lending just turned. This is when interest rates went up from 0% to 5%. And that really made that business really difficult.

How have you changed most significantly as an investor over time? I mean, obviously, there's more experience, but I actually try not to let that weigh me down because I think a job is to stay open-minded and have naivete and dream the dream. And too many scars aren't necessarily a good thing for being open-minded and thinking about what the next Figma or Rippling will be.

How have you changed most significantly as an investor over time? I mean, obviously, there's more experience, but I actually try not to let that weigh me down because I think a job is to stay open-minded and have naivete and dream the dream. And too many scars aren't necessarily a good thing for being open-minded and thinking about what the next Figma or Rippling will be.

How have you changed most significantly as an investor over time? I mean, obviously, there's more experience, but I actually try not to let that weigh me down because I think a job is to stay open-minded and have naivete and dream the dream. And too many scars aren't necessarily a good thing for being open-minded and thinking about what the next Figma or Rippling will be.

Where do you most need to improve as an investor? I think I'm a dreamer and I want to just believe in the people that I back. I heard this.

Where do you most need to improve as an investor? I think I'm a dreamer and I want to just believe in the people that I back. I heard this.

Where do you most need to improve as an investor? I think I'm a dreamer and I want to just believe in the people that I back. I heard this.

I agree. I agree with that. That is fair criticism. But I think that's just part of the package. That is who I am. I believe in the people and I want to be on that journey with them.

I agree. I agree with that. That is fair criticism. But I think that's just part of the package. That is who I am. I believe in the people and I want to be on that journey with them.