James Isilay

Some of our competitors were raising like 40Xs back in late 2021.

We kind of kept our valuation reasonable.

So I think the good thing as well is that our employees have seen growth in that equity, right?

Versus now a lot of, I suppose, employees of those companies have their equity deep underwater.

So we're in a good position in that we never really...

had an overvalued round.

We didn't get those crazy valuations.

What was your last round valuation?

It was slightly below this round.

So we got a slight up around this, which I think is quite unusual.

The other companies I've invested in, I've seen like 50% cuts to the valuations from 2021.

So we've got a slight increase, which is good.

But then I think right now, this is kind of like the low in terms of like historically, right?

It's a little bit below market.

So like everything you see upside from here, and that should help me with like new hires.

So, for instance, we just got in the former kind of head of people from Datadogs joined us.

So I'm able to get great hires now because we've got amazing growth.

Yeah, great growth.

We've got a really good equity pool refreshed.

And the people are getting that equity at a really good value.