I won't say that 'shotgun' is the word I'd prefer to use, but we certainly do a lot of investments.

Most firms do two investments a year. They may talk to between 50 and 100 and do a couple, whereas we're talking to thousands and doing several hundred.

Europe is kind of fragmented. Africa is nascent; we've made a few investments, including four in Egypt. I visit 50-60 cities and 20-25 countries a year. The intent is to be a global fund, which takes time and prioritization.

Todd Rundgren is a genius, and I don't use that word a lot.

The reason we invest globally is because we think that's where a lot of the growth is happening: around the world.

I bet on a lot of stuff that's low-priced, and most of it's going to go back down to zero. But some of it's going to go up.