Jens Grede

With that, as you bring something to life and you bring capital partners on board, you have a duty, you have a responsibility.

I treat everybody's money like your own.

I understand that my motivation and their motivation, there's times where they're not going to be completely aligned.

I'm going to be in this company for a very long time.

I'm probably going to go public one day.

My cap table in five years is going to look nothing like the cap table today.

And that's okay.

I know how the game goes.

And my responsibility at this point is actually to deliver an excellent return for my shareholders.

And in the process, hopefully having a good time doing it.

For me, the most important thing is to do a great job.

and have fun.

And if I'm doing great work and I have a good time doing it, money normally follows.

Public, private, it's really a matter of taste.

You used to have to go public.

Today, there's this semi-liquid market that has emerged.

that gives a lot of early shareholders at least a great deal of optionality.

You look at companies like Stripe or SpaceX, it's been a lot of optionality and liquidity for early shareholders and people can trade in and trade out even

Maybe it's less important today than it was.

For me, I made a choice to have institutional shareholders.