Jerry Colonna

A seed fund that used to make around 24 investments expecting a 50% graduation rate should probably make 40. and expect 10 to 25% in a graduation rate, while ruthlessly cutting defensive follow-on reserves.

Closes by borrowing from a quote from Jerry Colonna, what if the real work is learning to hold contradictory truths at the same time? I want your general feedback to the piece, but one that stood out to me from Gil was Gil's answer to plummeting graduation rates is more shots on goal and fewer defensive follow-ons.

So essentially 40 checks instead of 24.

Does that math feel right for you? And then like, where do you draw the line between being strategic versus spraying, which is obviously a critique of early stage venture.

Yes, they may be playing dirty and they may choose to always do that.

But that being so, how am I going to step into those conditions? So like Jerry Colonna will use the questions, how am I complicit in creating the conditions I say I don't want? And what am I willing to sacrifice to change that? And truly, it's humility.

It's like, yes, I want justice with that person.

But.

You know, like it pays my bills, and, um, I like people clapping for me and all, all of that stuff.

And my executive coach, Jerry Colonna, who's a very wise guy, said something to the effect of, "No, no, you can think of it all as like a, an exchange of love.

Like you are doing wo- " And I think this applies, I think this applies to what you, you, to what you're doing.

You're making content out of love, and then you get love in return in the form of like the ability to pay your mortgage and, um, the, the dopamine from applause, and then that allows you to do more work, and up you go.