Baird Hall

Yeah, just distribution.

So we all have our own personal LLCs that we kind of manage and the company pays to.

So

We distribute as much cash as we can.

I mean, as far as Wave goes, we're not really seeing any major product development right now to reinvest into.

The product's pretty mature.

Podcasting's continued to grow.

We've tried the upsell products and we really are interested in other working.

We have two other ideas that we're cranking out hopefully over the next year.

Three to four months.

So, yeah, the idea is to distribute out as much cash as we can and use that flexibility and freedom to keep working on and building more companies.

That's what we love to do.

We're not operators.

We do it, obviously, because it's part of the gig.

But we really love creating new companies.

That first six to 12 months is what we really love.

So we're kind of hooked on that.

As far as what Wave really needs is more operations and operators coming in because if somebody can come in and shave off a half a percent of churn, it's going to make a big difference.

But that's not the kind of stuff we like working on, that very minute, specific type of more managerial type work.

So yeah, I think there is a sweet spot for us as far as companies go.