Lars Van Weeren

that we could predict COVID, but we were already seeing in the market with quite some IPOs that didn't went too smoothly.

And also with WeWork, we saw that the things were changing.

So we thought, okay, let's focus on making a profit so we can keep the lights on ourselves.

And right now with the focus and with the growth rates there, it makes sense.

We only got a bank loan, a government-backed bank loan of 1.5 million, but we don't have a VC yet.

Yeah, it's a government loan, but yeah, so it's an actual loan.

You need to repay it, but when things go sour, the government... What's the interest rate?

It's only 4%.

Oh, wow.

Yeah.

Well, we spend most of that, unfortunately.

But we have quite a stable business right now.

And because we're really focusing right now, we finally found a niche where there's little competition.

And yeah, we're, I believe, the best out there.

Yeah, far more focused and far more international.

By then, we had an office in Amsterdam and London.

Now we've centralized everything again in Amsterdam.

And we had plans to open up in New York this year.

But yeah, I think that will take at least a year longer.

Yes, but only two.