Lambda School's Carry Sharing
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A story about how Shaan Puri got his start in angel investing by partnering with a wealthy friend to invest in Lambda School.
"Before I had enough money to invest directly, I asked a rich friend 'Hey, if I give you a good deal that you invest in, can I get a piece of the carry?' He said yes, and that's how I got into Lambda School, which is already a big winner.
As soon as I did that, I thought 'Man, instead of getting a piece of this guy's carry, why can't I just do this myself?' So as I got a little more money, I started doing it myself. Then with the rolling fund, that just lets me do it on steroids where I could just do more."
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.