Nathan Latka
👤 SpeakerAppearances Over Time
Podcast Appearances
Was it UR Quadrilla Capital?
So just to be clear, it was not a unit tranche deal.
There was an a piece and a B piece.
And the a piece was like the PNC bank.
And the B piece was Hercules on top of that.
Something like that.
Something like that.
Yeah.
Okay, interesting.
Yeah, guys, this is a huge model.
No one talks about it, but it's a great way to preserve equity over time.
So Russ is clearly doing that, which we love.
Now, Russ, why was the right time to sell last year to Cordula Capital?
What made it the right time?
I guess it was 2021.
Why'd you do it then?
Can I ask, Russ, I mean, when you say short, can you quantify that?
Like that you sold, for example, like a five to 10X multiple and you thought it should have been 15X, something like that?
Interesting.
And the investors you had on the equity side just weren't being patient enough to wait it out.