Michael Mandel

But ultimately, you know, actually my co-founder worked on Comstack for nearly a year, basically full time, while I was still working as a broker.

Well, no, that was the 69 we had in revenue.

That was after we actually had some funding.

So we launched January, 2012, but we, we started working on this in the spring of 2011.

Okay.

And you know, um, and at that time, no, he had been doing consulting work and he basically stopped his consulting projects and just only worked on Comstack.

I wasn't making any money.

Uh, around 20 million.

There's some, yeah, we did about 3 million in venture debt.

We've now paid off about half of that.

Um, well, venture debt, if you get it from a bank is pretty cheap money.

You know, the, um, it's a pretty good deal.

The interest rates is low and the, um,

you know, they, they, they take a little bit of in warrants, but not very much.

So it's a pretty good deal.

You're not getting dilution and, and you're getting, um, you know, money that's not actually guaranteed, um, by anything.

And ultimately, um, did you also guarantee that?

No, there's no guarantees at all.

I mean, the only, the only thing it's backed by effectively is like, uh, the property of the company of which we all, we own our computers really, you know?

So, um,