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Dustin the dad asked the all-in Pod has
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a contrarian streak do you find a
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similar mindset useful when investing in
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early stage Ventures I think it's
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necessary to have outside returns in
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Venture be based on making Investments
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that other folks are not making if a
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market appears to be drisk it's likely
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because there are multiple players or
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participants that are all chasing the
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same thing which means that the market
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will likely get competed away over time
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if you're investing or everyone else is
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investing typically prices inflate costs
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inflate and your multiples reduce the
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best investments are the singular ones
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the ones that don't look like anything
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else and those are very hard Investments
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to make because other people aren't
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making them so you don't get social
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validation that indicates that this is a
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good investment and a lot of investors
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look for that social validation because
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they consider themselves participants in
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a Marketplace and that that Marketplace
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ultimately needs to agree with them for
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them to get paid
