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Wednesday July 30, 2014
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Capital Partnership

 

continued

Matt says the fund had to shift away from the kind of "tangible, manufacturing background" his father comes from. "The more entrepreneurial we become, the more capital is needed," he says. "No one's going to go and build a huge manufacturing plant [as a start-up]. It's going to be in software and other things that need people."

The Turners seem to be on the same page about economic theory but not about broadcasting their views on it. When Nub asserts that he and his son are "free-xADmarketplace capitalists" and "conservatives" who "believe in small government," Matt quietly interjects: "You're not really supposed to talk about these things." Nub laughs heartily. "Matt gets nervous when I go into my free market capitalist exchange," he says.

Despite their differences, there's an undercurrent of mutual respect between the Turners. Matt says he hopes for the Amherst Fund to continue "through xADgenerations"--although it'll be a while before his sixteen-month-old son Hale will be able to decide whether to go into the business.

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