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In this brief dialogue, two speakers reflect on the emotional challenges of raising a first venture fund, describing moments of vulnerability such as crying in the shower. They highlight how connecting with other managers, limited partners, or pre‑seed founders creates a powerful sense of empathy—what they term "human capital"—that mirrors the financial capital they manage. By sharing these common, painful experiences, they experience a metaphorical "exhale," a release of baggage that brings freedom and deeper relational trust. The conversation underscores that authentic human connection is a critical, often overlooked, component of successful investing and partnership building.

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