Christian Owens

I mean, we've been an SVB customer for like nearly a decade.

So kind of we'd had debt facilities with them before as well, kind of that we've always kind of maintained just to have an insurance policy.

So kind of they were our first choice.

We went through kind of to a couple of other providers as well and kind of eventually came back to SVB with people that we knew and yeah.

I would be reluctant to put a percentage on it because I just don't know how some of these things are going to go.

But I think there is a question that in three years' time, what is SaaS?

Are we still calling it SaaS?

Is it recurring revenue?

Are we going more towards usage-based or microtransaction pricing, whether it's on the B2C or B2B side?

So I think there are all of these questions that are sub-questions of that.

I think for us,

There's a very natural progression for us, I think, from B2C software to B2B software to usage-based pricing to on the consumer side, games have recurring revenue, but do they have subscription revenue?

They probably don't have subscription revenue, but if you're thinking about Fortnite or something like this, they certainly have recurring revenue of repeat purchase.

And I think the constant along a lot of these businesses is going to be

Is this transaction truly digital?

I think the step for us between, do we do this for SaaS business and do we do it for a game, is fairly short versus the step of, do you do it for SaaS business versus do you do it for Glossier?

Or one of these D2C e-commerce people, that's a pretty big gap.

So I think as we continue to grow, like the breadth of these things will kind of expand within digital and software and kind of software adjacent.

But I think that our definition of what is consumer software and kind of things like that is probably going to evolve over that same period of time as well.