Investor Stories 459: Inside the Best LP Questions: Getting Better Over Time, Building Networks, and Driving Outcomes (Effron, Austin, Simpson)

Today's episode of TFR is brought to you by .techdomains. The right .com is usually taken, and adding extra words weakens your signal. I see thousands of decks every year, and a clean domain still matters. That's why founders choose .tech. It's simple, modern, and sends the right signal. Secure your .tech domain early. And this episode of TFR is brought to you by the American Arbitration Association, where smart startups and investors turn for fast, efficient, and cost effective dispute resolution. Visit adr.org/tfr to learn more. Now here's the episode. Welcome to the podcast about venture capital, where investors and founders alike can learn how VCs make decisions and reach conviction. Your host is Nick Moran, and this is the full ratchet. Welcome back to TFR. On today's special segment, we ask guests to share the best question they've ever been asked by an allocator. Here's the segment called best LP question. On today's special segment, we have Jacob Efron of Redpoint. What's the best question a founder or an LP has asked you? Yeah. I think, one that comes to mind is, you know, an LP asked me about things that we've changed in our processes over the years. And I love that question because I feel like part of what we focus on at Redpoint is just always getting better. We're in, like, a super competitive industry. It's it's there's a lot of great folks that do what we do, and so I think being really internally focused on how do we do this job the best way we can and, you know, rather on the benefit of, you know, so many amazing investments and culture building that the Redpoint team before me has done. And and, you know, me and the team get to inherit that. And I think it's kind of our then responsibility to kinda continue to to push that forward. Right? And so I loved I loved that question because I think it gets to the heart of, you know, being an always improving organization. And what's the answer? What's the the biggest process shift? I mean, I think, related to to a conversation we were having earlier is just, I think we've been much more focused on building networks in these talent pockets. And basically, like, how do we, you know, how do we build, you know, architect a firm, even the folks we hire, the the way we spend our time, such that when we see a really interesting AI opportunity that's early, we can immediately make five calls and, you know, know with a lot more fidelity, how exciting that opportunity is. On today's special segment, we have Ethan Austin of Outside VC. What's the best question a founder or an LP has asked you? I think one of our LPs, he was also a VC. He he once asked me, and I had never thought about it at the time. He he said, do you wanna be do you …