Ramtin Naimi

I had some money there and did some angel checks in tandem to everything.

But yes, you could literally bootstrap a venture capital firm out of bankruptcy in Silicon Valley.

That was one of the situations in life where I was actually quite fortunate, where there was a lot of demand for what I wanted to do.

So I was actually able to set a price.

I set a price that I thought was fair.

And at the time, the price seemed high for me.

In retrospect, it seems low for them.

I think those are the best deals in the world where everyone's happy.

I was happy to get the deal up front and they're happy they made that deal at the end.

What was the price?

The price was just shy of 50.

I had some experience with this.

I invested in the management company of Polychain.

So I learned a little bit about what a management equity financing looks like.

And there were some learnings I took away from that.

I wanted to ultimately own my own company.

And I thought that over time, if I scaled, having the founders of every single big platform fund, owning an equity piece of my manager company is probably not the best thing for me long term.

So we had set a sunset on that.

I believe it's six or seven years.

They get economics on everything I did in that first seven years in perpetuity.