Emeric Ernew

So you can't start with zero.

You got to start with something, especially when you're building a complex SaaS product.

Our thing was that.

That's a great question.

We've been incredibly lucky that the initial shareholders that we had from the previous business eventually got cash problems of their own.

And then when they had, we had cash in the bank.

So we proposed them an exit and we basically bought them out like, you know, some of them like,

eight, nine years in.

So like they've been with us for a long time, super patient and super nice.

Um, and we basically bought them for, you know, a good chunk of money based on what they invested initially.

They made a huge return, like 10 X kind of return.

But for us at the time when we bought their three, four or 5%, it was a great deal based on the AR we were making at the time.

So we were lucky.

And what year was that when you executed that?

Um, most of them were 2017.

Oh, got it.

We bought them out.

We bought the initial business angels that we got in, say, 2002 and four.

We bought them in 2017 and we bought them for a good price for them.

Good multiple that, you know, they didn't become millionaires.