John Steele

So of course we can just put everything on hold.

You know, that's usually not what we want, but we'll usually pop down to that.

We'll call it a bridge time where we'll go down to 18% in cash.

And the rest on equity.

Don't tell anybody this.

But we'll usually do that to help people get through a tough time.

Because we often come in, say, a few months before the seed round is going to close.

And oftentimes those take a little bit longer than people expect to close.

So we'll help out during that time.

And we'll usually do it in a way that we can continue developing so that we keep making progress on the product as well.

Yeah, we would still wait.

We're usually waiting until there's a round of with a valuation of a million dollars.

Uh, raising a million dollars.

Yeah.

Valuation much higher.

And it's built into the safe, um,

There is some kind of sale price that's determined and then you take the balance that we have and you determine what that would have been.

Yeah.

It's tough.

Our 5 million goal is in three years from now.