Evidence receipt / belief
Published · transcript-backedJulia Schottenstein: belief
13 Jul 2023 Lenny's Podcast M&A, competition, pricing, and investing | Julia Schottenstein (dbt Labs)
“I think founders forget that it is so risky investing in early stage companies that 50% of portfolios investments don't return anything.”
Source trail
Everything needed to verify it.
- Speaker
- Julia Schottenstein
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 13 Jul 2023
- Publisher
- Lenny's Podcast
Transcript context
…To build on that, I'm just an angel investor, I'm not like the lead fund and they feel differently I imagine. But the last thing I want for a founders to get stuck at a company they hate and just so that they could return some money or have some outcome rather they just give up, move on. Life is short. Yeah. I think founders forget that it is so risky investing in early stage companies that 50% of portfolios investments don't return anything. And that's just part of the game and it's a very acceptable path where hey, we gave it our best shot. It didn't work out and moving on. Which is tough a lot of times for founders that are told like it's all about grit and not giving up and don't quit. Sometimes you should quit.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.