Christian Owens

I don't remember what the valuation was like explicitly.

This was a very, I think, I think we have to remember like the kind of what the environment was like kind of back then it was, it was, I think it was, it was definitely North of 10%.

It was sub kind of like 25.

I mean, it's still, I think, I think if you, I think if you fast forward a little bit, we ended up kind of topping up kind of, um,

uh, sort of that kind of seed round, I think probably like the year later when we met some more investors and things like that, um, that we did it on a convertible note, like kind of like the remain, like the other 800 K and it was convertible at a discount to like when we did the series a.

Um, cause we knew at that point we were going to be venture backed and we were going to kind of go down that route.

But like our series a was like 3 million bucks.

Like this was like 2014 ish 15 or something like that.

Um, it was like a $3 million round these days.

It's like a pre-seed pre-seed round.

It's like a pre-seed round for your pre-seed round.

Like sort of like, so if you found that down the back of the sofa before you've like, like at kind of Sequoia's sort of office, um,

Um, so like it was a very different environment, um, kind of back then.

It was somewhere in that region.

I get confused because I'm talking 3 million US and then I don't know what the valuation actually was, but yeah.

Now, also, that's probably roughly what the market is right now today.

Sorry.

You cut out then.

It was really high.

Because it was a little bit of a COVID aberration.