Winston Weinberg

More capital does not mean you run a better business.

You could have as much capital in the world as you want.

If you make the wrong product decisions, you're just going to invest in all the wrong places and it doesn't matter.

It's the same as VC.

You have 100 billion, and if you put it all into the wrong things, that still goes to zero, right?

So I don't think capital makes folks win.

The area where kingmaking or like people think kingmaking matters is customers, where they basically say, hey, this has like branded trust.

And so that that is good.

I think there is like a little bit of legitimacy there.

But it's not like only the top three VCs give you that brand, right?

A vast majority of VCs give you that brand.

And what's actually interesting for us is like someone like EQT actually gives you that more than Silicon Valley because their private equity and a lot more lawyers know who that is, et cetera.

So I don't really believe in those two.

The third one might be the one area that is helpful, and that's just recruiting.

Humans are very bad at judging how good other humans are.

We're really bad at it.

Like, we're really bad at it.

And I can tell you a very clear reason for why we're bad at it.

We still pay so much attention to someone's resume.

We care so much where they went to school.