I made a $100 million bet on 'House of Cards' based on a partial script and casting, which was an instinct call without real data to support it.

I placed a $100 million bet on House of Cards without watching the pilot because I trusted Ted Sarandos' instincts and the potential of the project.

Despite having a promising product, we struggled to secure investment, leading us to consider launching on Kickstarter, which was suggested by Paul Graham. We built our Kickstarter page and filmed the video ourselves, starring our friends and interns.

The decision to shut down was influenced by the realization that our initial hypothesis about the business model wasn't panning out as expected.

Investors focus on the traits of individuals rather than the ideas themselves, as predicting success or failure is extremely difficult.

When making decisions, sometimes you have to trust your gut over the data, especially when you understand the end user's needs.

I focused on understanding the character and relationships of founders rather than just their technical abilities, which was crucial for our investment decisions.

Our early pitch for Figma was unfocused, but we were fortunate to have investors who believed in our potential to figure things out as we progressed.

The advertising industry often operates on hunches rather than strict scientific methods, allowing for creative problem-solving.