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.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 12 in all, peaking in Jul 2026 with 4.
Appearances
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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