Matt Prados
๐ค SpeakerAppearances Over Time
Podcast Appearances
Like, give me my money.
I want some money now.
So I take chips off the table every single month.
Right.
I take distributions while growing the business at a very rapid pace, et cetera.
But, you know, so it's it's all personal choice.
We didn't quite get the full 150 ask, but the rest of the terms, yes.
$2 million, $20 million.
I mean, it depends how much you want to take off the table.
So what we found is because we were only willing to do like a 20% deal,
They weren't getting as much skin in the game.
They didn't really like they don't love the secondary amount, even though they all say on their website they love giving you liquidity.
They don't.
They want you to be, you know, tied to the game and, you know, not go off and be distracted.
So it depends.
And you probably get more favorable secondary if you do more than 20 percent.
That was probably one of the hardest parts of our ask is where, you know, they had a lot of problem with that.
Pay a lot of fucking taxes.
Uh, I actually didn't even look at the company by background.
You know, I just, again, I don't play in the, in the venture world.