Brad Miller

And so they were funding...

Is that a lesson?

SVB wouldn't touch us because we didn't have like a traditional VC in the deal.

They would rather fund a company that's losing money with a brand name VC than, you know, they don't do cash flow lending.

You know, it's like, well, but we actually have profits.

You know, they're like, well, we don't care about those.

We, you know, you don't have profits.

So, you know, we were getting basic kind of, you know, three times, three and a half times leverage kind of standard, you know, that EBITDA stuff.

And we had the EBITDA to do it.

Oh, yeah, it was typically, you know, LIBOR plus, you know, nothing.

I mean, it was like typically around 5%, you know.

Wow.

But you have to pay back the principal, right?

You know, and you have to make pretty hefty principal repayments.

Well, I'd love to work with you.

I was thinking that very same thing.

I would love to work with you.

Yeah.

Yeah.

I mean, I, I, I, I'd give you a huge carry because you're a really smart, knowledgeable guy about this business.