To be honest with you, we did not stick out a shingle that said, “We invest in healthcare.” We tried to tell folks, and mostly it’s just our network, “Find me the craziest thing you can. Find me the entrepreneur that’s the most frustrated right now with an inability to raise capital, because they’re not saying what other people want to hear. Send that person to our doors.”
And that’s what we did. And what happens is that when you do the first few key interesting investments along that premise, those people tell their friends, who also tend to be these crazy, eccentric, blighted people because they don’t represent the canonical sense of what is a great venture investment anymore in Silicon Valley. It just perpetuates.
And to be honest with you, I think it’s better that we don’t know anything about these spaces. We learn with them, which means that we’re more inclined to take the kind of disproportionate risk that traditional folks won’t take.
https://www.youtube.com/watch?v=59uTUpO8Dzw (10:40)