Martín Escobari

So she votes on all our deals.

We've been having her do this for the last three years.

Is she any good?

So we've back-tested her, and she's much better than humans.

But it turns out someone who's been trained in the past is very good at the past.

We only have three years of concurrent data.

So we need to wait another four or five years.

I'm hoping that by the time we retire, I retire, about 10 years, should be better than the Humes.

his or her motivations, why this is so special and the trajectory that got to this.

I try to meet the founders outside the investment community process as a sponsor.

Base is a competition.

So true, distinct, competitive advantage and durability of the competitive advantage.

And then I try to push people on the tails, both positive and negative.

Six bad things happen.

How bad is it?

And how likely is it?

Or if this amazing development happens, which could be amazing, how unlikely is it?

And who else would benefit?

I always find the tails to be the most interesting because if you look at the distribution of our returns, 10% of our best deals and we get lucky and they produce 50% of the return.

So we lose money very little.