Gleb Budman

And that was the only funding for the first five years of the company.

In 2012, we decided to raise around, we took two and a half million into the company from a company called TMT Investments.

And the reasons we did that were a couple fold.

One was that at that point, the company was doing millions in revenue, had a lot of customers that depended on us.

And we were still operating in much of the same way that we had originally, which is

spending every single dollar that came in on either servers or salaries.

And so we had no money in the bank account at any given time.

And the thing that came closest to putting us out of business in all 10 years was actually a flood in Thailand, which was not anywhere on anyone's radar screen.

So what happened?

So what happened was it turns out that, uh,

Half of the world's hard drives were made in Thailand.

And when that flood hit, all of a sudden the global supply of hard drives dried up.

It became very, very expensive to buy hard drives.

And so all of a sudden we're buying a thousand drives a month and our price doubles.

What was the price of a hard drive before the flood?

So call it 200 bucks.

And after 400?

Yeah.

So you're looking at spending an extra 200 grand a month in cash to support the business.

So you're buying 1,000?