Neil Mehta

You should be transparent and direct with what you're doing. And I was like, sure, I'll try doing it. He helped me and he was on the phone with me helping me. Outside of this conversation, it would have gone unsaid. What a remarkable thing to do for a young kid that he doesn't need to help in any way whatsoever. He's a really amazing human being.

You should be transparent and direct with what you're doing. And I was like, sure, I'll try doing it. He helped me and he was on the phone with me helping me. Outside of this conversation, it would have gone unsaid. What a remarkable thing to do for a young kid that he doesn't need to help in any way whatsoever. He's a really amazing human being.

I think the thing, if you were with us at Green Oaks and you just sat with Benny and I for like a day, I think the thing you'd probably be most surprised about is how much we care about beauty. Like we love spending time on a P&L, but the reason we like this so much is we like beautiful businesses. We love beautiful relationships. We care about beauty in the world.

I think the thing, if you were with us at Green Oaks and you just sat with Benny and I for like a day, I think the thing you'd probably be most surprised about is how much we care about beauty. Like we love spending time on a P&L, but the reason we like this so much is we like beautiful businesses. We love beautiful relationships. We care about beauty in the world.

We want to make the world a little bit better tomorrow than it is today. And we think Reno's could be driving enormous impact doing that. That's why we invest in the companies we invest in. That's why we don't care about finding a software company in Minnesota and buying it three times revenue and flipping it five times. Don't care about that at all.

We want to make the world a little bit better tomorrow than it is today. And we think Reno's could be driving enormous impact doing that. That's why we invest in the companies we invest in. That's why we don't care about finding a software company in Minnesota and buying it three times revenue and flipping it five times. Don't care about that at all.

It's probably a better business than the one we're in. We're okay leaving that on the cutting room floor. I manifest in a bunch of different ways. I'm born and raised in San Francisco. So I dedicated a reasonable amount of money to trying to fix just my street in San Francisco. How effective is that? Oh, gosh. It's not a story I expected to have come out or ever talk about, frankly.

It's probably a better business than the one we're in. We're okay leaving that on the cutting room floor. I manifest in a bunch of different ways. I'm born and raised in San Francisco. So I dedicated a reasonable amount of money to trying to fix just my street in San Francisco. How effective is that? Oh, gosh. It's not a story I expected to have come out or ever talk about, frankly.

I mean, maybe you and I talked about off the cuff. We did. But I was just quietly doing it. And I did it as a nonprofit because it's a terrible financial investment. I mean, just to walk through the financial math. I'm buying buildings in one street called Fillmore Street. It's in Pacific Heights, a street I grew up on.

I mean, maybe you and I talked about off the cuff. We did. But I was just quietly doing it. And I did it as a nonprofit because it's a terrible financial investment. I mean, just to walk through the financial math. I'm buying buildings in one street called Fillmore Street. It's in Pacific Heights, a street I grew up on.

And I'm buying stuff at like a five and a quarter cap, which treasuries were five and a quarter when I was buying this stuff. And I'm buying like illiquid, small, rundown commercial real estate that usually has no tenant or the tenant's leaving, which is why the person's selling me the building. And then I'm putting in like a mom and pop restaurant at a three cap, which barely pays its rent.

And I'm buying stuff at like a five and a quarter cap, which treasuries were five and a quarter when I was buying this stuff. And I'm buying like illiquid, small, rundown commercial real estate that usually has no tenant or the tenant's leaving, which is why the person's selling me the building. And then I'm putting in like a mom and pop restaurant at a three cap, which barely pays its rent.

And I have to do all the TI. It's like a terrible financial investment. So we were like, oh, you're so good for doing this. No, it makes no sense to do it any way besides a nonprofit. So I started a nonprofit with a good friend of mine named Cody Allen. You came out to San Francisco during COVID. I think San Francisco is a really important city. I think it's important for America.

And I have to do all the TI. It's like a terrible financial investment. So we were like, oh, you're so good for doing this. No, it makes no sense to do it any way besides a nonprofit. So I started a nonprofit with a good friend of mine named Cody Allen. You came out to San Francisco during COVID. I think San Francisco is a really important city. I think it's important for America.

I think it's important because it's ground zero for a lot of the most interesting people all over the world to come and build their version of the future. It's different to New York and it's different to the finance and the real estate and other industries, which are a little bit more, I don't know, rent seeking is maybe the right word I want to use.

I think it's important because it's ground zero for a lot of the most interesting people all over the world to come and build their version of the future. It's different to New York and it's different to the finance and the real estate and other industries, which are a little bit more, I don't know, rent seeking is maybe the right word I want to use.

But I think there's something about tech and the aspirational nature of company building that San Francisco harnesses uniquely well. I don't think there's anywhere else on earth that's anywhere like it. Tel Aviv may be getting close, but it's really San Francisco. I think losing that, and we've tried really hard to kill it.

But I think there's something about tech and the aspirational nature of company building that San Francisco harnesses uniquely well. I don't think there's anywhere else on earth that's anywhere like it. Tel Aviv may be getting close, but it's really San Francisco. I think losing that, and we've tried really hard to kill it.

We're anti-business, we're anti-growth, we're high taxes, we're anti-family, we're a lot of things going in the wrong direction. My view was these were imminently fixable. And if we fix them, it can make San Francisco great for a long time. And I don't think you could take these things for granted.

We're anti-business, we're anti-growth, we're high taxes, we're anti-family, we're a lot of things going in the wrong direction. My view was these were imminently fixable. And if we fix them, it can make San Francisco great for a long time. And I don't think you could take these things for granted.