Bill Trenchard

And so if you actually look around the first round partnership, which is where Dor- Dorm Room Fund was built and born, there's a bunch of student founders.

Like Bill Trenchard, one of the managing partner now, built two companies in college, one of which he sold to-

Wow

... to Microsoft.

I mean, look, you have to answer very crisply.

Why the fuck does the world need yet another seed fund? right because there's what 2500 3000 god knows right and you know way back when in 2010 or whatever when there were maybe 50 seed funds i felt that the market was really well served and you know we were like a great community we knew each other we're friends with each other um and and when we went from 50 to 100 to 200 to like a thousand i was like Why? And so at the end of the day, you need to sort of figure out what your unique shtick, I call that shtick, is.

So what is it that you do differently in terms of sourcing, in terms of investment strategy, in terms of, you know, what you do for your founders that will sort of give you a chance to get the deals, run with the deals and make money for your LPs.

And, you know, I welcome every single sort of wannabe GP.

So don't try to sort of figure out what I'm going to do next because you can't, because I don't even know.

Just bring me incredible founders and I will sort of do the sorting and the filtering.

And then I was catching up with one of my friends, Jeff Lawson.

had passed on Twilio when he was raising his seed round because like a dumb fuck, I thought that his 5 million pre-evaluation was too expensive.