The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment.
I made advances towards multiple women in work-related situations, where it was clearly inappropriate. I put people in compromising and inappropriate situations, and I selfishly took advantage of those situations where I should have known better. My behavior was inexcusable and wrong.
Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization.
I actually find it's more interesting to play in the niches and find ways to apply technology to relatively straightforward problems.
There were never as many big businesses as people were piling money into in the late 90's or early 2000's. This is really a lesson to institutional investors about how much capital the market can absorb, and it's a 10-year adjustment cycle, and we're only beginning to wake up to that.
I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.
