Don't Underwrite To Zero
“We try to narrow that return range sometimes to three to five X... but we try not to underwrite to something that could go to zero.”
Transcript
I think ideally at the growth stage, we also try not to underwrite something that has risk of going to zero, right? We try to narrow that return range sometimes to three to five X or sometimes a little broader of a range,
but we try not to underwrite to something that could go to zero. And so I think having the data sort of just narrows that return profile with that said, of course, there are exciting companies that just take a lot of time
to get to and invest in this infrastructure that will take longer to evolve. And so sometimes you're making decisions without as much data. I think the goal is just to narrow what you know