Ramtin Naimi

speaker

1,391 appearances 1 recordings 1 series first heard Jul 2025 last heard Jul 2025

Ramtin Naimi’s voice in public audio — every appearance, attributed to the second.

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It's awful.

There's nothing pleasant about that experience.

In hindsight, losing your net worth is a lesson better learned at 24 years old than 54 years old.

So I'm grateful for that.

But the learning there is if you're going to start a startup company, raise other people's money instead of your own money.

I remember once when I was explaining this to institutional LPs in the early days, it was something I was very embarrassed about.

And I was trying to figure out how to talk about it.

Jerry Yang was one of my LPs who I spoke to about it.

And then he said, no, I knew about it.

He's like, I loved it.

And I was like, why did you love it?

He goes, you should wear that as an entrepreneurial badge of honor.

Any founder in the world with a failed company would have been in that same exact position had they put their own money up for a company.

That's true entrepreneurship.

You put everything you had into something because you believed in it.

And when it didn't work, you had to start from scratch.

Venture capital is you put everything somebody else has into whatever you believe in.

And if it doesn't work out, then you get a job at Apple or Google.

That was actually a really interesting way to phrase it for me.

Not that I don't think there's various tiers of entrepreneurship, but the whole concept of wearing is a badge of honor.

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