Ben Gilbert: belief

Transcript context

…And that is why RenTech is called RenTech. When we figured this out in the research, I could not believe that this is not a more widely understood story. That this is the origins of what is today a fantastic venture capital firm (First Round Capital), but you could not name two more different strategies in investing. A long-term illiquid thing like venture capital, highly speculative, versus we’re going to trade whether we think the French Franc is going to go up or down tomorrow based on the whim of some government leader. It’s unbelievable these were under the same roof. Totally. But when you know the whole background in history, it makes sense because this is their personal money. This is Jim and his buddies, Lenny, James, and Howard. There’s no institutional capital here. They’re not out pitching LPs of like, oh, you should invest in my diversified strategy of currency trading and private technology startups.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.