The Early Stage VC

The real money wasn't there. The startup ecosystem, any which was back then. As a VC even in the startup ecosystem. Today you have successful companies who actually make money at the same time they are growing right. In certain segments, I think VC just didn't have access. And that's where the bets became a little skewed. That's where failure became more good. Yes, but that's early stage. Our VC view is very much the early stage VC. Whereas a lot of late stage companies made a good amount of return at that point in time on larger scale.