Speaker unverified: belief

Transcript context

…We’re making it up as we go along. Totally. We kind of point to the past, like here are things that we thought we would do that we didn’t, and here are things that we never thought we would do that we did. I can make up a slide for you and show you what those things seem like today but know that these can change. We were always upfront about that and I think it’s self-selective. There are some people that were like, this is bananas. What are you guys doing? This is your deck. This is crazy. I think other people were like, well this is a refreshing level of honesty because I ’ve been in enough board meetings to know that none of these plans survive contact with reality. For this particular one, I think there was more conversation around how big do we think this thing can get. Realistically, what do we think the value of this thing can be. I basically write little notes to myself over the years, like here’s how I’m feeling on this day. Here’s what I ’m thinking. When I look back, things always took longer than I thought, but they were always bigger than I thought. That was kind of like, if I could write one lesson for all the things that I was looking at over the years, I was always like, I wish this thing was happening faster. When it finally did happen, I was like, oh wow this is so much bigger. I know this is going to be a 50% increase. It’s a 10X increase. You’re probably out ahead on an IRR basis even though it took longer.…

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