David Rosenthal: belief

Transcript context

…Which is, in part, why people needed to be more ownership sensitive or certainly they were more funds obsessed with ownership than there are now. I still actually believe pretty strongly in ownership, especially as a lead investor and why that's important in architecting a funding model. But at the time, if what you're playing for is $300 million–$400 million outcomes, then it's pretty important for your multi hundred million dollar fund to own a quarter of that company. Yes. Certainly, Tom was very happy with their Amazon investment at that point in time. I think we have to give it an A. Especially, as we talked about it, gosh, just incredible execution through that time. I do have this fun stat from the IPO. If you had bought 100 shares at the IPO, which I think, did we say $1700–$1800?…

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