Passing on the team that went on to build Cursor

Matthew Sutton

From Harvard & YC Insider: Backing the Builders in AI, Quantum & Defense — Matthew Sutton on Deeptech Decoded, with Matthew Sutton.

Transcript

Matthew Sutton
Matthew Sutton

Yeah. Yeah. I think the other thing I would say is finance by its nature is very transactional and very zero sum. And if you just start with the principle of we're putting a deal together and we're doing a transaction or I'm investing in your company, it's just a very superficial rap. Like I like the idea of if I'm going to invest my time in you, if Even if I'm never going to invest in you, I'm never going to advise you, but I'm just going to invest my time in this relationship. You know, for me, it's really important to understand who you are and what motivates you and what inspires you and how I can help. there may never be a transaction that ever comes, but I know one more person. And if I can help them along the way, it just, it fills a place in my heart that makes me feel complete as a human being. And again, that didn't. That really didn't exist too much, you know, when I worked on Wall Street, it was, it was very distant. and I think, I, I hope in the future, people are a little bit more in tune with that because, you get to know people in a very different way.

Nihal Kurth
Nihal Kurth

But so far, we kind of covered the upper part of the curve in your stories. then is there any moment that, because you mostly are a city investor, when I take a look back, when I take a look back to your portfolio, is there any story that you can share with us that came to your desk? Actually, I know one of them, but I will let you say that you passed on it.

Matthew Sutton
Matthew Sutton

Mm-hmm. Mm-hmm. Yeah. Yeah.

Nihal Kurth
Nihal Kurth

And then it turned out to be actually quite a successful story. I was like, ⁓ I have something.

Matthew Sutton
Matthew Sutton

Yeah. Yeah. Yeah. No, I have I have several scars on me, but, everything is a learning. But I had the chance to meet one of the founders of cursor when he was ⁓ just a month Sanger before he started at MIT. It was just a brilliant, wonderful, nice person. ⁓ I met him at the British open. son plays squash and he was playing squash. got to know each other. We've been, we've been friends for years and, along the way we had a lot of meetings and, you know, just supported him as a person, met his whole team, great people. And what was amazing about that group of people, there were four or five people that were constantly working. had a consulting firm. They had a 3d software company, which I was actually invited to invest in. and I always felt like AI was always the, the true calling for Amman. And I didn't know the rest of this group as well, but this is well before any sphere and cursor, you know, came out to, ⁓ to, to become what it's become. And, yes, if I had. had the foresight to invest in that 3D software company, it would have been amazing, but I didn't. And Amman is still one of my dear friends and we spoke just a couple of weeks ago and just one of the most exceptional people I've met. I'm excited to see how he's doing. So it's great. You have to learn and learning isn't always easy, but you

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