Wasn’t some home run hero trade. Was our first year fully responsible/discretionary for OPM. Came across a deal that was very interesting (great downside protection, good returns if nothing that positive happened), but was also very big. https://twitter.com/lowkeydokey101/status/1293205514407555072">https://twitter.com/lowkeydok...

Threw in a first round offer below guidance, after some back and forth it was down to us and another group seemingly. We’re also peeing our pants terrified that we might actually win it. So we’re talking with our anchor investor about what we should submit as our final offer.

We were thinking, first year, big deal, no need to push, if we end up in second and buyer falls out we’ll be in a position to pick it up on rebound. We were setting ourselves up to lose. Anchor investor says look, you do what you want, but if you don’t buy it, I will personally.

And that was the kick in the pants. We looked each other in the eye and increased our offer by an amount that we knew we would absolutely not lose. Decided set up was exactly what we were searching for, and if not now, when?

Getting the comfort level and conviction to put your fist down and hit the BUY button, especially with someone else’s $$ is very hard. I’m incredibly grateful for the kick in the pants. It’s been way easier over time to pull the trigger. It’s a muscle. Needs to be exercised.