Anupam Rastagi

Yeah.

Okay.

And do you pass that down?

We try and give it in the $10,000, $20,000 or less range.

Safe is lower.

It's closer to the $10,000 or lower.

And then equity round, it's a more complex round with other rights have been negotiated and other things that can get in this legal diligence and other things.

Yeah, it gets trickier.

Yeah, I'd say that's fairly typical of venture rounds of that size, yeah.

Yeah, we try and target 10% where we can, again, reflecting our lead investor status.

So we are pretty happy to go and form our conviction.

And then often others, there's quite a few folks that like to follow us and join rounds.

But yeah, I'd say our median ownership is in the 10%, 12% range.

That's what we target.

I'd say, yeah, we try and stay, depending on the stage and type of company, we try and stay in that 15, 20 post range under that.

But yeah, we have, you know, venture is a game of exceptions.

So we do have, we see an exceptional founder, exceptional team, exceptional company.

We have gone above that in some cases.

But yeah, we do try to be fairly disciplined.

What I mean by that is, across the fund, we are making, let's say, 22 to 25 investments.