Hamza Amir

And everyone keeps complaining about the same problem to me over and over again.

I thought, you know, might as well make a solution for this.

And that's how we came up with Blurpist.

You know, we're in the middle of fundraising right now.

We're expecting to wrap up a $2 million round by the end of this month.

Well, we're just finishing up the terms with them.

So once everything is signed and done, deal out to you guys.

You know...

The place where funding has changed is more towards the angel around seed funding.

It's traditionally the same.

But if you were to go out and raise angel funding, one thing you'll start noticing is that if your company, let's say, goes down for any reason or did not work out,

these angel investors have a clause in there that gets them at a minimum three times return.

So whatever you liquidate, whatever assets, whatever goes out, these investors are still going to make their money back.

This is the most interesting new clause I've seen, but it's particularly for angel investors.

Yeah, so there's convertible notes.

This is how we reserve funding as well in the beginning.

And it's, you don't only, there's only discount, there's also an interest rate, but those are all traditional things.

There's 15%, you know, and then there's interest on top, then there's cap, there's a... You had a 15% interest rate?

No, no, no.

I'm talking about for the... No, not the interest rate, I'm talking about once you cap it off, once you cap off your...