Prioritizing

Work has been incredibly busy the last few weeks. With the IPO market back, we’re seeing a lot of activity and renewed interest from employees looking to exercise their options or obtain liquidity. It’s great for business after a couple down years.

We get to see a lot of great companies which is awesome. Learning about different businesses and their drivers is one of my favorite aspects of the job. The downside to having a great pipeline is that we can’t fund everyone’s deal and we need to prioritize the ones that fit our structure the best.

One of the hardest parts is having to tell someone or a company that we couldn’t get there. All these years and it’s still a difficult part of the job for me. There’s some great companies out there that are definitely difficult decisions to say no to. But at the end of the day, it’s our job to make sure our capital is allocated in the best deals possible and that means picking the best of the best, not just great.