The VC business, for a fund manager, is an orgy of rejection. During the course of a year, we will touch 1,000 companies at Amasia; we'll invest in three (maybe four, sometimes two). This means that on 997 occasions, we're saying no, either explicitly or implicitly. It is built into how we do our work, which involves a disproportionate time allocation to our portfolio companies. And we can do that only if we limit the number of investments we make.