[lpolovets]

Roughly speaking, our investing process is: 1 hour one-on-one meeting, then 1 hour full partner meeting, then decision.

The way I think about the math: Current scenario: 25 1-hour one-on-one meetings -> 10 full-partner meetings -> 2-3 investments.

Worst case for Investor day: 25 20-minute meetings -> still don't have enough info -> 25 1-hour one-on-one meetings -> 10 full partner meetings -> 2-3 investments.

Good case for Investor day: 25 20-minute meetings -> 10 companies don't seem like a fit -> 15 1-hour one-on-one meetings -> 10 full partner meetings -> 2-3 investments.

Best case for Investor day: 25 20-minute meetings -> I get all the info I need -> 10 full partner meetings -> 2-3 investments.

These four cases represent 25, ~33, ~23, and ~8 hours of one-on-one meeting time, respectively.

[rhc2104]

lpolovets - shouldn't the follow up one-on-one meetings be only 40 minutes?

[lpolovets]

That's a good point. I guess they could be!

40-min meetings might be a little awkward because usually the first 5-10 minutes of a meeting are social / chit-chat, so it might feel a little weird to immediately start a 2nd meeting exactly where you left off on the first meeting. Also, most of the time a 40-min meeting still takes up a full 1-hr time-slot since most people schedule meetings on the hour.