The Importance of Starting Early in Deal-Making

Moonfield: It's about starting early. The second thing would be not to shy away from complexity or opacity in the financial services and fintech space. A lot of these businesses are just a lot harder to understand, both in terms of their risk and opportunity than more conventional businesses in other industry sectors. Moonfield: While we get super excited about very early stage technologies that have great promise, we don't add great value by being able to select the winners and losers in them.