Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
30 Aug 2022 Acquired Howard Marks & Andrew Marks: Something of Value
“I think if you probably looked at the PAs of the most famous venture investors of all time, a huge majority of it is made up of continuing to hold a few things.”
— Speaker unverified
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Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 30 Aug 2022
- Publisher
- Acquired
Transcript context
…Oh, disastrous. They're incredibly prolific firms, where their reputation is built on a handful of fantastic investments. I think if you probably looked at the PAs of the most famous venture investors of all time, a huge majority of it is made up of continuing to hold a few things. I have a great story of this. I won't out the firm. It could be one of several firms, but I know that one of the earliest venture investors in Facebook, after the IPO, they distributed out the shares. Among the partnership, most of the general partners relatively quickly liquidated the Facebook shares. But the partner who led the investment was like, no, I'm going to let this ride. That was a very good decision.…
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