Matt Britton

before we spun it out, we sold a big piece of the agency to a private equity firm.

Um, and the private equity firm had different kind of pieces to it.

So the cap table was already not just the employees, but there's a cap, a private equity firm that was in there.

We basically took the same cap table that existed for Mr. Youth and

And that became the cap table for Crowdtap on the individual basis.

But then very quickly thereafter, we raised venture capital from some big-time venture capital firms.

How much?

We've raised to date about $15 million.

Our first round was, I believe, $6 million.

Foundry Group being the lead investor out of Boulder, who's a really prominent VC who I absolutely love working with.

So once they put money in, it really changed the cap table kind of instantly anyway, and they were really two different companies.

Well, the CEO actually was the person who was kind of the lead product manager and crowd type within the agency.

We just kind of took it and run with it.

We didn't have to bring in anybody new.

And Brandon Evans did a great job, took it to a certain point.

Then we brought in an outside CEO.

And then I replaced that outside CEO when I joined.

It just kind of worked out that way.

It was timing.

We mutually decided to part ways with the CEO.