Dan Mockroft

So I think that conversation was pretty easy.

One-year cliff for the vesting and four-year vesting period.

Yeah, I think, and not just me, that it gets really tough if the split is not equal because then it's kind of like who's putting in more hours or more nerves and so on.

And that's not a very stable, I believe, combination long-term.

Especially if you're starting at the same time and not somebody's joining later and so on.

No, that was like a regular.

What was priced?

Like we gave about like 20, 25% equity.

So like about 6 million.

Maybe.

I think the interesting part was that we were raising in the middle of the first wave of COVID where it was really unclear what's going to happen and how the investments are going to go.

So we see that, for example, if we were raising right now, we could have maybe gotten better terms.

But we're happy in general, and I think that's...

I think at that stage, it's more important to get the capital to get going in the first place than to squeeze every penny out of it.

And we can, let's say, reap the benefits today because now we can show a lot more progress and the next fundraise looks a lot easier than the first one.

Dan, how much of the $1.5 million do you guys still have in the bank?

More than a half.

More than half.

We still have a comfortable 11 months of runway.

No.