Beware of gross margin in the early days. That's a mistake we've made a couple of times. You know, you have a lot of businesses that in the early days have really bad gross margin.All the LLM providers were very clear examples of that. I think if that's the only thing that's holding you up in most cases, I would totally ignore it. We never lose a deal or pass on the deal because of price in the early stage.So, we've been around for 30 years. We invested 11.5% billion. We've returned close to 30 and we still ...

Woke up to find chronic flippers are unsatisfied with vesting and lockups on a capital formation launchpad.What exactly did everyone think a capital formation launchpad was? A shitcoin launcher with a bonding curve?Early stage investing *isnt* free money…you have to be willing to lock up capital often…which disqualifies the vast majority of people here.Regarding the Espresso offering - Gary Gensler has protected me from participating, so my opinion doesn’t matter, but I probably wouldn’t be all that interes ...