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 won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.
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 actually find it's more interesting to play in the niches and find ways to apply technology to relatively straightforward problems.
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.
The earlier you invest, the higher that attrition rate is because it's compounded. We have a more scientific method of investment.
