Gary Saranrota
๐ค SpeakerAppearances Over Time
Podcast Appearances
But there's like a total net working capital covenant, which is a formula based on cash in the bank plus receivables and all this kind of
No, they probably don't.
it was just for drawing new, new funds you need to show like, so they wouldn't, you know, but they've been flexible.
So if we wanted to draw funds, they work with their, they're very flexible.
They're not an aggressive lender.
So they know that the only way they're going to get their money back is to make sure we succeed.
So, you know, when we needed to draw more money, if there's a covenant that we didn't meet, they took it to their credit committee and kind of a case by case basis decided.
So they've been super patient and super supportive lenders.
I own 27% of the company, which is still great.
It'll be diluted in the next round.
It's helped me not dilute.
No, I'm the sole founder.
Favorite business book these days are the five dysfunctions of a CEO by Patrick Lencioni.
I've been reading that one.
That's a good, that's a good goodies, that whole series of books.
I like those.
Number two, is there a CEO you're following or studying?
I can't say not really.
I mean, I look at the whole world.
I mean, I've read Elon Musk.