Neil Mehta

We'll never leave a stone unturned. It's the way I grew up. I grew up believing that the way you generate great returns, the way you find undiscovered opportunities, there are really only a few ways to make money in the world. One is speed. You just go faster than everybody else. Citadel may be a version of that. That's really interesting.

We'll never leave a stone unturned. It's the way I grew up. I grew up believing that the way you generate great returns, the way you find undiscovered opportunities, there are really only a few ways to make money in the world. One is speed. You just go faster than everybody else. Citadel may be a version of that. That's really interesting.

Our favorite combination is when you have the same speed and the same information, but you have differential insight. I think what we've become much better at at Green Oaks is increasing the speed and velocity in our information asymmetry, and being able to generate differential insight that matters to long-term enterprise value.

Our favorite combination is when you have the same speed and the same information, but you have differential insight. I think what we've become much better at at Green Oaks is increasing the speed and velocity in our information asymmetry, and being able to generate differential insight that matters to long-term enterprise value.

Putting those things together with a small team and building a flywheel for doing it over and over and over and over again every day, that has been a sea change in the last couple of years.

Putting those things together with a small team and building a flywheel for doing it over and over and over and over again every day, that has been a sea change in the last couple of years.

So... Let me start with Navon, which is formerly called TripActions. TripActions, for those that don't know, it is a travel management company. It does your corporate travel and expense management end-to-end. It's a company I'd been following for a little while, and COVID came, and it was a travel management company. That's my question. not a good thing to have happen to your business.

So... Let me start with Navon, which is formerly called TripActions. TripActions, for those that don't know, it is a travel management company. It does your corporate travel and expense management end-to-end. It's a company I'd been following for a little while, and COVID came, and it was a travel management company. That's my question. not a good thing to have happen to your business.

And so trip actions, which is what it was called at the time, revenue went from a hundred million down to zero. It happened overnight. Remember Trump, first version, went on TV and shut down all the flights from Europe. And he felt like Lehman Tuesday or Wednesday or whatever, but I think it was a different day. And they felt like, oh, this is not good. This is real.

And so trip actions, which is what it was called at the time, revenue went from a hundred million down to zero. It happened overnight. Remember Trump, first version, went on TV and shut down all the flights from Europe. And he felt like Lehman Tuesday or Wednesday or whatever, but I think it was a different day. And they felt like, oh, this is not good. This is real.

I called him a week later and I was like, I know your revenue just went to zero. But I have conviction that you are the right end state solution for this market. And I think instead of battering down the hatches and preserving all the capital you have, I think you should be aggressive in capturing flow share.

I called him a week later and I was like, I know your revenue just went to zero. But I have conviction that you are the right end state solution for this market. And I think instead of battering down the hatches and preserving all the capital you have, I think you should be aggressive in capturing flow share.

And we'll write sort of unlimited number up to 500 million, ends up being less than that, but up to 500 million for you to go do that. And it took us four days or something like that. And- TripActions dramatically accelerated its market share leadership over the course of COVID.

And we'll write sort of unlimited number up to 500 million, ends up being less than that, but up to 500 million for you to go do that. And it took us four days or something like that. And- TripActions dramatically accelerated its market share leadership over the course of COVID.

Over those two years, it went from number four or five in the industry, maybe even number eight in the industry, I think, to top two in the industry and was able to be aggressive at a time when other people were nervous. Another example is SVB weekend with Parker and Rippling. We've been investing in the business for a long time. It has always helped us to have a prepared mind.

Over those two years, it went from number four or five in the industry, maybe even number eight in the industry, I think, to top two in the industry and was able to be aggressive at a time when other people were nervous. Another example is SVB weekend with Parker and Rippling. We've been investing in the business for a long time. It has always helped us to have a prepared mind.

And when we have these moments of volatility, it doesn't change the end state all that much. So SVB weekend, you remember, it was Wednesday and Thursday, it started to have some trouble. Friday morning, Parker called and said, SVB looks like it might go into insolvency or be taken over by the treasury or by the Fed. And people make this mistake.

And when we have these moments of volatility, it doesn't change the end state all that much. So SVB weekend, you remember, it was Wednesday and Thursday, it started to have some trouble. Friday morning, Parker called and said, SVB looks like it might go into insolvency or be taken over by the treasury or by the Fed. And people make this mistake.

People think that Rippling was having financial troubles. is the opposite. Rippling used SVB for essentially plumbing, essentially the pooling of capital that would be then dispersed to employees for customers of theirs. And so it was just like rails that it was using. And by the way, credit to Parker. There's a lot that's been said about Parker from his previous company.

People think that Rippling was having financial troubles. is the opposite. Rippling used SVB for essentially plumbing, essentially the pooling of capital that would be then dispersed to employees for customers of theirs. And so it was just like rails that it was using. And by the way, credit to Parker. There's a lot that's been said about Parker from his previous company.