"And I said, "Dennis, it's a bubble. How does it feel to be in a bubble?" Grabbed my hand and said, "Martin, it feels better than being outside the bubble." And I was like, "He's absolutely right. I ha..."

"Alex, who introduced us from 3G, told me this incredible story about you getting a job after him telling you no and what you did to get it. Can you tell that? Can you tell story? That's one of the one..."

"She was technically a teacher. The way it really worked is I called my Brazilian friends and I said, "Can you find a very smart, very attractive Brazilian PhD master somewhere in the Boston area and I..."

"So it was 10x >> value creation relative to the comparison twin. >> How did they do it? They're great spear fishermen. You don't chase the fish. >> You wait. >> Wait. You well you decide where you're ..."

"Do you have a a a story of your own that is the closest to a great spear fishing outing >> I wasn't an entrepreneur I was set out by these three guys to go and find great entrepreneurial companies and..."

"What the do taught me and I just realized this recently. You can do seven years of work in one year. >> Say Marvel. What do you mean? >> Like when you when Elon Musk says, you know, do your 10ear plan..."

"This seems like a moment of that is happening maybe on mega steroids you know I think of a company like cognition as a recent example that I know well where the pace of growth of the business is it's ..."

"So, um I think as a firm, John Athletic has been around for 45 years. We try to make different mistakes >> in each bubble. >> And I'm sure we're making our approach this time, different from the inter..."

"It's crazy. I mean based on public information anthropic revenues and coaching went from 200 million to over 4 billion in 12 months in B2B that kind of growth has not happened ever ever and it's so ex..."

"And I think what's really interesting about GA and we've been around for 45 years through all these technological cycles and we've been international for 30 years. We've been in the in emerging market..."

"I have 95% of my net worth in that product and I sleep well at night. >> Yeah. >> I have a vastly undiversified portfolio of you know two assets GA. Yeah. And treasuries. >> The the the 45 years ago t..."

"And we've been doing that for 45 years, backing great innovators everywhere. We've invested in over 500 companies over the last 45 years. Half of our investments have been in the United outside of the..."

"They're not that many. You can count them in in both hands. The number of firms that are investors in tech and innovation that have been around and been successful this long. And I think it has to do ..."

"So I'll give you an example. I uh I ran our general Atlantics uh Latin America program for the first seven eight years of my career at General Atlantic and in all the due diligence uh sessions they as..."

"This feels my day-to-day I'm managing my family wealth first and foremost and I'm doing it with care and with intention and purpose the way we um fund raise is different also one one of the problems w..."

"And then the the sort of third component that I think is distinctive which I hated initially because uh we have a communist system of compensation which is you all get a percent of the total performan..."

"The the dual structure, which is unusual, you know, not not common. What are the negatives or tradeoffs associated with that? Like do the fund investors get upset that they don't really know like what..."

"My friend John Kim who is a we're very well-known fundraiser at General Catalyst has this simple equation which is that persuasion equals desire minus fear. What have you learned about fundraising giv..."

"It takes a really long time and and a lot of those families are typically entrepreneurial. They're like, "No, no, I don't invest in funds. I invest directly because I created a business and I'm so goo..."

"Speaking of diversification, maybe the most interesting dimension of that today is geographic. We were talking before we hit record about the incredibly wide gulf between the pristine US, you know, eq..."

"So the US has never been this expensive. I love the US. It's still the number one economy. I still want have half my assets in the US, but not 90% of my assets in the US. Not only is it very expensive..."

"What have you learned on any recent trips to China? >> China is fascinating and I've been going to China for 25 years and I've seen the development. It's the fastest change in terms of per capita GDP ..."

"The one thing I learned I actually learned over drinks with a Chinese entrepreneur. So I I've done business in 19 countries and I love to connect on a human level with the entrepreneur. So much so muc..."

"So what are my traumas? Some are personal and some are generational. The generational traumas on my mother's side Jewish family had to flee the Russian Empire through Romania, then Argentina, then Bol..."

"So it was rough. It was it felt unsafe. It felt turbulent. And then I I have a genetic disorder. I I bruise very easily like very very easily. So getting out of bed, deciding what activity to do is a ..."

"Managing one's emotions productive requires either therapy, writing a journal, or meditating. You should do two of the three. I do two of the three. >> Try to do the third one, but it's really hard. >..."

"I'll share a couple characteristics. I I give you the three M's, but they're probably five Ps as well. Create a checklist. And I was like, "Yeah, checklist." Same day, I go to the co-founder, uh, Dave..."

"So, well, there was something beyond the checklist that that was statistically significant. And there's one interview of the super interviewer where she says, "I do the checklist because I have to, bu..."

"So those are the things that uh the checklist aspires. Me personally, in the deals I've led, um, they have to make the world better. I am so proud that I invested in the number one investing platform ..."

"hear from you I just want the brain I don't I don't care about my V8 and the max I want I want the young brain and he said three things the most important one is I refuse to think like an old man stil..."

">> so so what do you make of this current bubble that we're inside outside you know depending on the You mentioned humanoids, you mentioned bio a little bit. Like there's there's all this exciting stu..."

">> You don't think so? You don't think there's a chance that we're like kind of at we're in that moment already? >> No. >> Why? Why not? >> It's not crazy enough. Well, I was looking at some stats at ..."

"Uh there is fog and different layers of fog. And what the fog does is it slows you down, but if you look pierce through, you see clarity. You see a monopolist at six times. You see an opportunity to t..."

"Um we're also low trust cultures. They um even though most of them are religious doesn't mean you can trust. So a higher percentage of the time you may find yourself with a crook uh across the table. ..."

"If you could somehow do that exercise with you where I I could predict the sorts of questions that you tend to ask about companies, what what are they like? What are the big ones that you find yoursel..."

"Uh so now after that and I think you have to start thinking I've been active mentoring entrepreneurs through Endeavor which is a nonforprofit. I'm in the board and I've been doing this for 25 years."

"So I I'm married to a shrink psychoanalyst so as a condition to our marriage I have to do psycho analysis and and it's a wonderful thing I wrote it's one of the three things I wrote therapy and medita..."