
#35: Started in the Garage and Now We’re Here
That Will Never Work
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Private Equity
We knew, when we decided to pursue outside capital, that we were committing to a path that would involve an exit for investors in sshort a term. We made a conscious choice to take that path. And the thing is, just to clarify something, it's not an evil thing to want your money back. I think the first investors, certainly the second investor in netflick, invested 20, 21 years ago, and they still have not liquidated. They could, they've had the ipo. But some people want to ride along with you. The thing that they want is they don't want life style. So if they're sitting there and larry pipes up and goes
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