Ryan Miller

speaker
4,581 appearances 12 recordings 2 series first heard Mar 2026 last heard 10 Aug

Ryan Miller’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months
4 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.

Appearances

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Because people change.
Circumstances change.
And if you haven't talked about an exit before you need an exit, it's gonna be a nightmare.
So if you cannot have this conversation calmly, you're not gonna survive under duress.
So this is where the fundraise formula becomes crucial.
You've heard me talk about this before.
Trust always comes before the transaction.
And in the partnership context, capital, the thing you're protecting is partnership stability, the viability of your fund over five years.
Trust is do we trust each other's character to exist under pressure?
Not do we like each other.
Do we actually believe the other person will make the right call even when it's hard?
Transaction is are the economics clear?
Do we know what happens if things go sideways?
Is there a mechanism for separation that doesn't require a legal battle?
Here's what most GPs do.
They optimize for the transaction.
They spend months on the partnership agreements, they work out exact percentages, the buyout formulas, the decision rights.
They think they're being smart.
But if they don't have the trust,
The agreement is worthless.
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