Jason Calacanis

I'm just going there to do like a press tour about it.

So, you know, we get a fee to run the program, but it's not going to, you know, match venture investing, obviously.

It just kind of underwrites the cost of it.

And then that creates the funnel.

About 5% of the companies that come to, 5 to 10% of the companies that come to Foundry University wind up going to the accelerator or we make a direct investment.

So it's a pre-accelerator, but it lets us get to the companies before Techstars or Y Combinator or other folks even know they exist because half of them aren't incorporated yet, right?

So that's kind of the exciting part about it is we meet them when they're just two or three people working on a prototype.

I mean, Angel Money is now real money.

It's going to be interesting to see how...

resilient and robust this revenue is, you know, and churn and people sampling stuff, but it's feeling pretty good right now.

The cohort data for people who have had products out for six, seven, eight months, starting to turn into the smile where the cohorts like go down, down, down, but then they turn back up, which means people who, you know, signed up for it, forgot they were using it.

And then they came back and started using it again.

It's a really good sign for some of these companies.

All right.

Listen,

Great show, everybody.

We got through a lot.

And everybody come to the holiday.

We're going to be a holiday cheer.

Sax and I will be pouring eggnog and singing caroling songs.