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Julia Schottenstein: commitment

13 Jul 2023 Lenny's Podcast M&A, competition, pricing, and investing | Julia Schottenstein (dbt Labs)

“I was just so convicted that if was going to be a special company that I asked to even put my personal money in and I asked to put a very irresponsible, irrational amount, nearly like 20% of my liquid net worth into dbt because I was so convinced that this was special.”

— Julia Schottenstein

Source trail

Everything needed to verify it.

Speaker
Julia Schottenstein
Attribution
Verified speaker
Claim type
commitment
Recorded
13 Jul 2023
Publisher
Lenny's Podcast

Transcript context

…Reasonable loss. I was just so convicted that if was going to be a special company that I asked to even put my personal money in and I asked to put a very irresponsible, irrational amount, nearly like 20% of my liquid net worth into dbt because I was so convinced that this was special. And sometimes when deals don't work out as an investor, you can create this narrative in your head like, "Good, I dodged a bullet or better off without them or screw them." But for me that was quite the opposite with dbt. I really felt like dbt was this runaway train and it was special and I wanted to jump on board. So a few months later I ended up calling Tristan and asked him if I could be a part of the company that built the product that I thought was so special. So that was my unique path into product and to dbt. So you invested in dbt and then an opportunity opened up where you ended up working there?…

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

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