David Rosenthal: belief

Transcript context

…In that range? Okay. Listeners, if you are interested in data like this on funds, how many investments they have, and what fund size it is, if you're thinking about, geez I want to pitch that fund, but I don't know, when was it raised? Oh, it was raised a long time ago. While they've made a lot of investments, is it actually worth my time to meet with them? Do they have the dry powder to invest in? Does Packy have a new fund that he can even invest out of? Okay. I think before we move on from Not Boring Capital, this next phase, maybe it's the final additional phase of Not Boring. Maybe there are more phases to come in the future. We talked about Substack, Twitter, et cetera, the platforms enabling Not Boring, the media company. AngelList enables Not Boring Capital enables Kindergarten Capital. I've spent 11, 12 years in venture now, 9 or 10 of those as a traditional professional venture capitalist. This would not have been possible. You are one person. You did 91 deals in fund one. Who knows how many you'll do in future funds? Now having the equivalent of Substack for a venture firm, it's game-changing. This was not possible before. It's more than I'd say the equivalent Substack for a venture firm. Because of Substack I still have to write everything, edit everything, make all of my own graphics, and all of that. I work with Jen on the AngelList team. I will give Jen a shout-out anywhere that I possibly can because it is like having more than just a teammate. A whole team of people working with me, I will come up with a crazy idea and be like, hey, we need this crazy idea done tomorrow, is that okay? I'm so sorry. She's like, yeah, 100%. I went and talked to our legal team and we can make it work if we do X, Y, and Z thing. So having both the platform itself, which is great and makes it really easy to raise money from LPs, and for LPs to get visibility into how the portfolio is performing, although that data is a little bit delayed LPs, so it's actually performing better than it looks on there. But really, having a teammate over there who is fully responsible for making sure that things go smoothly, lets all of this happen. If there was no Jen at AngelList, Not Boring Capital 100% would not be a thing.…

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