The Art of Being an Early Stage Investor

I think there's an art to being an early stage investor which is if you're not failing a certain amount you're probably not taking enough risk. I'm very happy at 40% right the whole game has changed it has changed that way and that's changed a little bit adventure because the size of funds are so much smaller than when we were growing up. These days they really need $10 billion outcomes to meaningfully move the needle well like another ad network would be great.