00:53:12 · Larry Aschebrook
[00:53:12] S0: I think it's all about your teammates. Hire grinders. Grinders that will do anything to win. People that have had adversity, ones that will show up and have a chip on their shoulder every day to try to prove the world wrong. And founders of businesses, we often back two founders trying to solve the same problem, and it's almost always the founders and team members that have that edge that win. And they might not have the best product. You know, I think of Turo when we invested in the car sharing platform and rental car business. And Turo, we also did Getaround at the same time. Turo's pitch deck was something like, you know, our children probably put together. It was terrible. But the founders and the leaders of that business were grinders. And today, one is here and accelerating, and the other business is gone. And the other business raised way more capital, had all the shiny things, all the great investors, and it didn't work. And it's it's just a true grind mentality. There's that. And then from a GP perspective, still a line from my friend Mitchell Green at Lead Edge Capital who... Who's... Who says all the time, and I believe in it too, which is investing is easy and selling is hard. You have to sell your winners in order to have a sustainable business. The the idea that you can wait and hold and have paper gains and be a new fund manager and go raise a bunch of money. It is difficult as a seasoned manager that has a robust DPI that's in the top 10% of... In our industry per dollar invested, it's very difficult to still raise capital. Don't chase MOIC. Don't chase paper gains. Don't follow the herd. That's what I would say. It it served you well. Awesome.
00:55:14 · Guillaume Moubeche, Larry Aschebrook
[00:55:14] S1: Thanks a lot, Larry. It was really great chatting with you. Where can people, like, follow you? Like, is it... What's the best platform to follow you? Our IR team does a [00:55:23] S0: great job on our LinkedIn page and and our website. I... I'm pretty off the the grid. You can follow-up... Find me at Larry@GSquared.com, but I'm not an avid tweeter. I still call it Twitter. [00:55:37] S1: Still still dear to my heart. In your heart. [00:55:39] S0: In my heart, it's Twitter. You know? But you can find me if if you if you need me. But really appreciate you having us on. Humbling for me, and I'm really thankful for the interest you're taking in what we're building at G Squared, and and we'll continue to grind. [00:55:56] S1: Awesome. Yeah. It was awesome. Have a great day. [00:55:58] S0: Thank you. Take care. Bye bye.