Matthew Prince

So we're not running on top of AWS or on top of Azure or Google.

We actually had to build the network out ourselves.

That takes a significant capital expenditure.

And so that was something that would have made this a very cost prohibitive business to bootstrap.

That said, I think we've been incredibly cash efficient.

We knew from the beginning that our business was about how can we process a byte of information cheaper than anyone else can.

And so we've always respected that cash.

And I'm proud that we have still to this day, more than half that still in the bank.

Yeah, we haven't as much.

We experimented with that a little bit.

But the challenge with that is that because most of our equipment is deployed outside the United States,

it becomes a lot harder to get traditional like equipment financing or otherwise, especially when you're at a smaller scale.

Today, where we're at a much larger scale and we can actually talk to more sophisticated global banks, that's been an option that we've explored, but it's not something that we've prioritized today.

I mean, I think the only thing that we've said publicly is north of $100 million.

And and we're well north of that now.

Uh, gosh, a couple of years ago now.

Um, uh, I don't, I can't remember.

I think that we, we got to the metric I remember is that we went from zero to $50 million in, I think, four and a half years, which, um, puts us in some pretty, pretty amazing company with companies like Salesforce and Workday and others.

So we again, we you know, I've always thought that that entrepreneurs who brag about how much they raised or what their valuation are, it's sort of like if you brag about how big your mortgage is.

It feels sort of distasteful, but we've said that we crossed over a billion dollars in valuation in the round that we did in December of 2014.