Nick Beim

All that matters is the big wins.

Everything else is really a rounding error to those.

I think I have.

And I think one of the reasons is that I got lucky, particularly for all of us in the last five, six years.

We lived in the age of this AI explosion.

So there are more of these huge companies that are, that are being built and their home runs.

And here's the challenge in venture.

When you see something like that, something that sparkles with promise, has all sorts of challenges with it, lots of reasons to turn it down, but there's been nothing like it before, and you introduce it to your partners, some of them are gonna say, wow, this looks interesting, but often for the most disruptive ones,

The bulk of the partners might say, hey, it looks cool.

I don't see this, though.

Or, you know, gosh, we think you're probably too excited about this one.

And in those moments, and Venrock is terrific because we have a decision-making structure that allows partners to go forward with those investments, even if all the other partners disagree with them.

For us, it's not about banging the table.

It's about being incredibly thoughtful about what, you know, you have to have a really thoughtful reason, set of reasons for wanting to make an investment.

But

The biggest wins of all tend to have the signature of zero or one other, you know, one other person in the partnership thinks this could change the world.

And everybody else thinks, yeah, this is kind of nuts to us.

But, you know.

Because they're so different.

They don't fit traditional pattern recognition.