Mamoon Hamid

It is a tough, if you're not giving someone, well, I think because we're on the board and there's so much signaling involved in us doing, let's say nothing, we generally do something. And I think that's allowed us to get away with doing a small amount in a follow-on round.

It is a tough, if you're not giving someone, well, I think because we're on the board and there's so much signaling involved in us doing, let's say nothing, we generally do something. And I think that's allowed us to get away with doing a small amount in a follow-on round.

In many cases, if it's a really attractive round where folks want as much as possible and we're doing a little bit less than prerata, everyone's happy. But if it's the, we need the money and you're not going to invest in this round. These days, there's pay to play. So if you don't invest, you get wiped out. Okay, so don't want that. So there are different scenarios here.

In many cases, if it's a really attractive round where folks want as much as possible and we're doing a little bit less than prerata, everyone's happy. But if it's the, we need the money and you're not going to invest in this round. These days, there's pay to play. So if you don't invest, you get wiped out. Okay, so don't want that. So there are different scenarios here.

In many cases, if it's a really attractive round where folks want as much as possible and we're doing a little bit less than prerata, everyone's happy. But if it's the, we need the money and you're not going to invest in this round. These days, there's pay to play. So if you don't invest, you get wiped out. Okay, so don't want that. So there are different scenarios here.

I've had companies that are one week away from cash out become public companies. Wow. Yeah. Can you say? Yeah, sure. Box. Really? Yes. Wow. There was a point in time where we had to do three bridges at Box back in 2008, 2009. Why? What was not working? The market sucked. Nobody wanted to invest in a cloud storage business that would get eaten up live by a Google or a Microsoft.

I've had companies that are one week away from cash out become public companies. Wow. Yeah. Can you say? Yeah, sure. Box. Really? Yes. Wow. There was a point in time where we had to do three bridges at Box back in 2008, 2009. Why? What was not working? The market sucked. Nobody wanted to invest in a cloud storage business that would get eaten up live by a Google or a Microsoft.

I've had companies that are one week away from cash out become public companies. Wow. Yeah. Can you say? Yeah, sure. Box. Really? Yes. Wow. There was a point in time where we had to do three bridges at Box back in 2008, 2009. Why? What was not working? The market sucked. Nobody wanted to invest in a cloud storage business that would get eaten up live by a Google or a Microsoft.

Harry, you and I, we're in the risk business, my friend. You believe in the people. It goes back to like, these are incredible people. Aaron Levy, Dylan Smith, incredible founders, like legendary to me. And it was just a dislocation in the market where the market did not understand how to, well, one, it was just afraid.

Harry, you and I, we're in the risk business, my friend. You believe in the people. It goes back to like, these are incredible people. Aaron Levy, Dylan Smith, incredible founders, like legendary to me. And it was just a dislocation in the market where the market did not understand how to, well, one, it was just afraid.

Harry, you and I, we're in the risk business, my friend. You believe in the people. It goes back to like, these are incredible people. Aaron Levy, Dylan Smith, incredible founders, like legendary to me. And it was just a dislocation in the market where the market did not understand how to, well, one, it was just afraid.

It was a global financial crisis and nobody wanted to invest in anything because back to your point of reserves, everyone was trying to save money for their own companies. In the same vein, we had to take our reserves and put it in the box. And we weren't investing in new companies at the time. And that happens in every sort of cycle, down cycle like this.

It was a global financial crisis and nobody wanted to invest in anything because back to your point of reserves, everyone was trying to save money for their own companies. In the same vein, we had to take our reserves and put it in the box. And we weren't investing in new companies at the time. And that happens in every sort of cycle, down cycle like this.

It was a global financial crisis and nobody wanted to invest in anything because back to your point of reserves, everyone was trying to save money for their own companies. In the same vein, we had to take our reserves and put it in the box. And we weren't investing in new companies at the time. And that happens in every sort of cycle, down cycle like this.

I think we all know like some of the best investments come out of that cycle. And so we got to invest more dollars in the box at a $25 million valuation. Every incremental dollar, two, three million dollars in bridge that was being done, done at that valuation.

I think we all know like some of the best investments come out of that cycle. And so we got to invest more dollars in the box at a $25 million valuation. Every incremental dollar, two, three million dollars in bridge that was being done, done at that valuation.

I think we all know like some of the best investments come out of that cycle. And so we got to invest more dollars in the box at a $25 million valuation. Every incremental dollar, two, three million dollars in bridge that was being done, done at that valuation.

They don't innovate anymore or fast enough. They are what big companies become, which is, you know, you're trying to protect your turf and you're not disrupting yourself. And someone else comes in to disrupt you and starts taking away revenue from you. You mentioned Box there. Box, obviously, IPOs.

They don't innovate anymore or fast enough. They are what big companies become, which is, you know, you're trying to protect your turf and you're not disrupting yourself. And someone else comes in to disrupt you and starts taking away revenue from you. You mentioned Box there. Box, obviously, IPOs.

They don't innovate anymore or fast enough. They are what big companies become, which is, you know, you're trying to protect your turf and you're not disrupting yourself. And someone else comes in to disrupt you and starts taking away revenue from you. You mentioned Box there. Box, obviously, IPOs.