“Hamilton Lane did ours in 2000 ... we've been doing these for over 25 years.”

The Compound and Friends · Erik Hirsch, CEO of Hamilton Lane, on the Explosive Growth of Private Markets

Play from 34:25
34:25

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What was described

first secondary deal year and experience length

first secondary deal in 2000, over 25 years of experience

Said nearby on the same subject

“Sometimes length of experience works against you, because you just have a set way of doing things that you don't understand how to do more than one agent at a time.”
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Said on "The Cognitive Revolution"
Contrarian take Share this moment
“They tend to break even in about three years. And they have useful lives at this point of about five to six years. And most of the deals we're doing are about five-year deals.”
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Said on The a16z Show
Hard number break even ~3 years, useful life ~30 years, typical deals 5-year, serv… Share this moment
“When a nine-year-old is dealing with a huge negative thing, it doesn't matter if I agree that it's a huge negative thing. What matters is that experience... I just have to wait out the big bad feeling... and then in its wake, there is some space for something positive”
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Said on Hidden Brain
Contrarian take Share this moment
“The average length of delay is 37 seconds”
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Said on High Performance Business
Hard number 37 seconds Share this moment

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