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You know what we say in the Hamptons: If you have to come out on a Friday afternoon or go back on a Sunday night, you're not rich enough to have a house there. So, you have to be able to come and go when you feel like it in the Hamptons.

You know what works in venture capital? A group of incredibly smart, connected people who have the financial wherewithal and risk appetite to make multi-million dollar bets on unproven ideas and inexperienced founders. People who can make decisions quickly, and who spend their time trying to help entrepreneurs make the most of that cash.