Ariel Asaroff

Okay.

And then they kind of wondered whether they should just close the company and hand out the money back to the investors, but there was so little.

Not to, because it doesn't really matter.

$300,000 at the end of 2017 were five people.

I'm one of the co-founders, but I was not the CEO.

The CEO left at that point.

How much equity did you own at that point?

Um, it was, you know, we just had a couple of rounds, so it was, it was still fine.

And then, um, the CTO that was an employee left after him because, you know, the company kind of fell apart.

So he went to manage a group, this big company and, uh, Yoni, uh, a good friend of mine who also led a group invariant, uh, basically became the CTO became my co-founder and we restructured a company entirely.

And we started running from that point onwards.

And within the four or five months, we got to like 20, 25,000 of monthly recurring.

So the board was very surprised because they thought they're going to shut down.

And they gave us $2.5 million more, like an extension, like a CLA.

At what valuation?

The valuation back then was roughly $10 million.

Okay.

Got it.

So we started running the company and ended at a year and like a bit over a million.

And then something interesting happened.