Alex Smereczniak

It didn't take a salary.

We were paying ourselves dividends and we paid it out based on the total percent of ownership that we'd agreed to, based on capital putting in and time that you were going to be working on.

Would you not?

No, in hindsight, I mean, we were, I think, looking on Google or like, I don't even know if the, I can't remember if the university, one of the finance professors gave us a template or something, but it was very basic.

I think our math was like, all right, I'm willing to work 10 hours a week.

I'm willing to work five.

And we just did like a prorated amount of that to figure out the sweat equity piece and the cash piece and combine the two.

And that was it.

Yeah, it stayed pretty close.

The fourth guy that we bought out, we just ended up splitting his pro rata, which at the time didn't even know what that meant and what his pro rata was.

So we're figuring things out.

That's what we're going to do.

Can you imagine a bunch of 18-year-olds talking about, oh, your pro rata share and distribution of this guy's equity?

Yes, I absolutely can.

Yeah, that's fair.

That's a good point.

Immediately.

Like when we bought it, we were like, we want to go to other colleges.

We first, we figured it out on campus for like a year, got our bearings.

our first year, they gave us the real estate.