Eric

the modern deal guy has no permanent capital, no permanent loyalty, and no permanent location. the modern deal guy is playing a repeated game, he doesn't care who he pisses off, there's going to be another hand. the modern deal guy is much more a broker than a principal. he has an ecosystem around him that identify as "his guys" the modern deal guy has 99% of his chips on the table at any given moment, the next hand will always be bigger. the modern deal guy is reticent to monetize any given opportunity early, but when he decides its time to sell, he does so savagely and without concern for fallout. the modern deal guy is only concerned about where he spends his time. he runs a schedule like a CAA agent the modern deal guy is only constrained by sourcing talent to put behind ideas at scale, capital and opportunity sets are infinite the modern deal guy either has an exhaustively curated public persona, or none at all, anything in the middle is a mess. the modern deal guy has very little concern for whats "on the paper", he's playing a very different game of pressure and repetition the modern deal guy is unusually concerned about studying history and learning from adjacencies. the modern deal guy has a personal burn that would make your nose bleed. all in service of maximum optionality the modern deal guy can be better thought of as a "franchise" rather than a firm. the modern deal guy will generate dozens of lesser deal guys that will repeat the playbook in his stead.