I really like this idea. A thought: "If there’s a hard stop on the investment, then Earnest and its team will no longer be invested in the success of the comp

I really like this idea. A thought: "If there’s a hard stop on the investment, then Earnest and its team will no longer be invested in the success of the company." This is shortsighted thinking. The stronger the companies are in your Alumni network, the stronger your Alumni network is- so if you are seeking to continue investing long term, it is always in your interest to build companies in your Alumni network, even if there isn't a direct cash return for doing so. The publicity benefit alone is well worth it (We were an early investor in XYZ!)