A founder-led thesis, inside a FTSE-100 boardroom.
DV's bet was on founders. Diageo's operating logic is scale, stage-gates, and fiduciary prudence. The thing that made the portfolio interesting was backing brands too weird, too early, or too niche for the usual matrix. That was also the thing that needed translating upward every quarter.
Part of my job for nine years was making sure the people writing the cheques stayed behind the thesis. Not through decks that softened it. Through decks that named it.