Patrick O'Shaughnessy

And so I'm curious how you think about that in the current moment right now, but also what lessons you learned about what it takes to go to put a 10-year plan into one year.

What is different about the behavior in that compressed one-year period that makes that possible?

So this is like my fourth or fifth bubble.

Yeah.

Cognition and cursor and.

The 45 years ago, the sort of origin story of GA itself is so interesting.

Chuck Feeney is such an interesting character.

How does his spirit loom in the business and in your personal consciousness?

That's not a normal origin story for a firm like this.

Usually it's really just purely commercial enterprise.

Some young investors set off and build a firm.

This was different.

What else about that founding DNA makes the setup of the firm unique?

How does his original vision and setup allow you to act differently than others do today?

That dual structure, which is unusual, not common.

What are the negatives or trade-offs associated with that?

There's two very serious trade-offs.

That's a structure that leads to more productive deployment or cap.

My friend, John Kim, who is a very well-known fundraiser at General Catalyst, has this simple equation, which is that persuasion equals desire minus fear.

What have you learned about fundraising, given that you've had to do it as a firm on a constant basis?