Nabeel Hyatt

We all write checks. We all do work with our founders. We like the service work. I would argue that made our job a lot harder four or five years ago, to be honest. And it makes it a lot easier now because we feel very well shaped for this phase.

We all write checks. We all do work with our founders. We like the service work. I would argue that made our job a lot harder four or five years ago, to be honest. And it makes it a lot easier now because we feel very well shaped for this phase.

I think he is executing the strategy of Sequoia as if that is true and still trying to keep the rest of it compact and true, right? They're trying to execute a strategy where they're doing all the things, right?

I think he is executing the strategy of Sequoia as if that is true and still trying to keep the rest of it compact and true, right? They're trying to execute a strategy where they're doing all the things, right?

I think he is executing the strategy of Sequoia as if that is true and still trying to keep the rest of it compact and true, right? They're trying to execute a strategy where they're doing all the things, right?

I think when we look back at this specific era right now, it will not feel that way. Why? Most of the firms are executing strategies that are not particularly effective to this market. That means you're actually only competing with a smaller subsegment of people on any given deal.

I think when we look back at this specific era right now, it will not feel that way. Why? Most of the firms are executing strategies that are not particularly effective to this market. That means you're actually only competing with a smaller subsegment of people on any given deal.

I think when we look back at this specific era right now, it will not feel that way. Why? Most of the firms are executing strategies that are not particularly effective to this market. That means you're actually only competing with a smaller subsegment of people on any given deal.

Yeah.

Yeah.

Yeah.

I'm not a value investor. No, I get you.

I'm not a value investor. No, I get you.

I'm not a value investor. No, I get you.

Like I reject that notion. This industry is all about exceptions. That's literally the industry we're in. Why are we building a bunch of playbooks if the whole thing is about exceptions? Like you have to build a firm and as a founder, you have to be okay with the idea that there's going to be an exception next week to all the things you knew before or else you wouldn't be doing this.

Like I reject that notion. This industry is all about exceptions. That's literally the industry we're in. Why are we building a bunch of playbooks if the whole thing is about exceptions? Like you have to build a firm and as a founder, you have to be okay with the idea that there's going to be an exception next week to all the things you knew before or else you wouldn't be doing this.

Like I reject that notion. This industry is all about exceptions. That's literally the industry we're in. Why are we building a bunch of playbooks if the whole thing is about exceptions? Like you have to build a firm and as a founder, you have to be okay with the idea that there's going to be an exception next week to all the things you knew before or else you wouldn't be doing this.

Do they have some competitive barrier to entry, some reason that they might be a lasting institution, or is it an iceberg in the sun? Lots of boats in the sea. They all have their own individual slice, but it's a data provider like all the others are. that one feels like an easy no. If you just don't feel like they have a competitive edge, then that's hard.

Do they have some competitive barrier to entry, some reason that they might be a lasting institution, or is it an iceberg in the sun? Lots of boats in the sea. They all have their own individual slice, but it's a data provider like all the others are. that one feels like an easy no. If you just don't feel like they have a competitive edge, then that's hard.

Do they have some competitive barrier to entry, some reason that they might be a lasting institution, or is it an iceberg in the sun? Lots of boats in the sea. They all have their own individual slice, but it's a data provider like all the others are. that one feels like an easy no. If you just don't feel like they have a competitive edge, then that's hard.