Some startups make unbelievable financial returns, but most don't. I'm fortunate enough to have a reasonably good track record as an investor, but I never know which will be which deterministically. I realized that fact a long time ago and resolved to try to work with founders that I love in a deep and intangible way. Folks I wake up wanting to help every day. People I try to help however I can, whether it's a weekday or weekend, a personal matter or a work one, a happy situation or a sad one. I want to work with founders where I deeply care and enjoy the holistic journey, no matter the outcome. I optimistically believe if I do that, the aggregate returns will take care of themselves. That's the beauty of real venture capital. @stevekrouse is a real one. I loved every minute of Val Town and I'm excited to continue the journey with him for another few decades if he'll have me

“Liquidity for more than a chosen few” If I were a top talent looking at private companies to join, that would be amongst my most important criteria. Employees have gotten the short end of the private company liquidity stick for too long.