1) This is where effectively all of our returns come from.
2) These companies are the most fun to work with.
3) It turns out that it's harder than it sounds to capture the full value of a smaller market for a bunch of reasons, and so the failure rate is much higher than expected.
I think the payoff, at least in our case, is well worth it.
2) These companies are the most fun to work with.
3) It turns out that it's harder than it sounds to capture the full value of a smaller market for a bunch of reasons, and so the failure rate is much higher than expected.
I think the payoff, at least in our case, is well worth it.