The first million is the hardest million to raise

You talk to any fund manager and they'll tell you the first million is the hardest million to raise, or the first $100 million was the hardest $100 million to raise. Once you've raised that first chunk, the next chunk is a little bit easier, and the next chunk's a little bit easier. For me right now, I manage a $25 million hedge fund. Raising our first million dollars was extremely hard, but the second million was a little bit easier. Raising the first $10 million was extremely hard, but the second $10 million was a little bit easier. I believe that will continue to happen. I'm at $25 million right now. Hopefully we redo this video in a couple years and we're much larger than that, and I'll say, oh man, the first $25 million was way hard, but the next $25 million was a lot easier. And I think there's a lot of validity in just getting started on the path, 'cause it gives you years to compound as you go forward.