Mark Goldberg

And I think that when we feel like we are in a winner, I'm willing to move up on check size to be a part of those companies.

And I think that when we feel like we are in a winner, I'm willing to move up on check size to be a part of those companies.

And I think that when we feel like we are in a winner, I'm willing to move up on check size to be a part of those companies.

I can't remember what legally we have as the concentration limit, but certainly we don't want more than 10% of the fund in a single company.

I can't remember what legally we have as the concentration limit, but certainly we don't want more than 10% of the fund in a single company.

I can't remember what legally we have as the concentration limit, but certainly we don't want more than 10% of the fund in a single company.

Listen, if it's the right company, that's incredible. I would have a hard time sleeping at night with that sort of concentration. But I think that's- But if it was Airbnb, I'd probably- Then you're sleeping just great. But you're probably sleeping on a yacht in Saint-Tropez. So it's different. But I think having some sense of perspective.

Listen, if it's the right company, that's incredible. I would have a hard time sleeping at night with that sort of concentration. But I think that's- But if it was Airbnb, I'd probably- Then you're sleeping just great. But you're probably sleeping on a yacht in Saint-Tropez. So it's different. But I think having some sense of perspective.

Listen, if it's the right company, that's incredible. I would have a hard time sleeping at night with that sort of concentration. But I think that's- But if it was Airbnb, I'd probably- Then you're sleeping just great. But you're probably sleeping on a yacht in Saint-Tropez. So it's different. But I think having some sense of perspective.

But listen, I think one of the advantages of being a new fund is taking a lot of risk. I think we are going to try a bunch of things that don't work. And I'm totally comfortable. I'm excited for that. Like we should be doing all sorts of things and seeing how do we push the innovation in this industry. And I think that's going to create a better founder experience, even when we get it wrong.

But listen, I think one of the advantages of being a new fund is taking a lot of risk. I think we are going to try a bunch of things that don't work. And I'm totally comfortable. I'm excited for that. Like we should be doing all sorts of things and seeing how do we push the innovation in this industry. And I think that's going to create a better founder experience, even when we get it wrong.

But listen, I think one of the advantages of being a new fund is taking a lot of risk. I think we are going to try a bunch of things that don't work. And I'm totally comfortable. I'm excited for that. Like we should be doing all sorts of things and seeing how do we push the innovation in this industry. And I think that's going to create a better founder experience, even when we get it wrong.

So funny enough, we had some LPs say exactly the same advice, which was one of our more surprising moments from our fundraise, where some of the LPs said, it's that important that you're in some of these brand deals to be able to establish yourselves and don't be afraid to lean into that.

So funny enough, we had some LPs say exactly the same advice, which was one of our more surprising moments from our fundraise, where some of the LPs said, it's that important that you're in some of these brand deals to be able to establish yourselves and don't be afraid to lean into that.

So funny enough, we had some LPs say exactly the same advice, which was one of our more surprising moments from our fundraise, where some of the LPs said, it's that important that you're in some of these brand deals to be able to establish yourselves and don't be afraid to lean into that.

We had LPs say exactly the opposite too, but it was interesting that even the LP community was, there are positive externalities from being in these, you know, these winners and you should be willing to kind of compromise to do that.

We had LPs say exactly the opposite too, but it was interesting that even the LP community was, there are positive externalities from being in these, you know, these winners and you should be willing to kind of compromise to do that.

We had LPs say exactly the opposite too, but it was interesting that even the LP community was, there are positive externalities from being in these, you know, these winners and you should be willing to kind of compromise to do that.

The person I learned the most from has been Mike Volpe, just a tremendous mentor to me at Index Ventures and somebody I continue to call regularly for advice as I'm kind of navigating our new fund in the next chapter. What would you most like to change about the world of venture? I would change the groupthink. I think it's bad for founders.

The person I learned the most from has been Mike Volpe, just a tremendous mentor to me at Index Ventures and somebody I continue to call regularly for advice as I'm kind of navigating our new fund in the next chapter. What would you most like to change about the world of venture? I would change the groupthink. I think it's bad for founders.