Packy McCormick: commitment

Transcript context

…Even [...] would probably agree with that. I would argue. I'm doing very similar things with Kindergarten Ventures [...] is what you're doing with Not Boring Capital. So I'm arguing my own book here to a certain extent, but I would argue you're selling yourself short with Not Boring Capital. Everything you've done is emergent. It's not like you cooked it all up on a whiteboard. But it's like the sponsored posts, right? People used to think about venture capital in a box and only in one way. You did a lot of diligence. You wrote the term sheet. You came to a valuation, you negotiated, you joined the board, you did all these things. Obviously, that wouldn't work for what you're doing. You've got a big business writing a newsletter. But there are aspects of what you're doing that work way better than that one specific way of thinking. You've already scaled capital under management doing this. You could probably keep scaling even a lot further with this strategy. But what you're bringing to the table and how you're doing it is just this kind of new way of thinking, right? Yeah, and there's a group of people who I think are doing this. You're certainly involved in this. It's maybe a liquid super team to quote myself, which is always fun. But coming together, sharing deals with each other, trading thoughts and advice, and here's where I think you were maybe wrong on that investment. The kind of things that maybe before you would have gotten out of a partnership at a firm and certainly right now you get out of a partnership at a firm. It's not as formal, and I will still make more mistakes than probably a firm will make, at least on saying yes to things that maybe I shouldn't say yes to. But venture capital is never about the mistakes. The only thing that matters in venture capital are the ones you get right. That's kind of the point, right?…

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