Nick Huber

But the business kept growing over the next six months that we kind of got this deal done.

It became a $52 million purchase acquisition price.

And let me be clear that Andrew, it was early on, it kind of felt like me and Andrew negotiating against each other.

Holy shit, I'm negotiating against a titan.

Yeah.

publicly traded business, billionaire on paper for a while, a great friend of ours.

And then Andrew kind of just thought about some AI risk.

He saw maybe some headwinds and he said, you know what, Nick, maybe we'll do this together.

It was kind of a conversation throughout.

It wasn't as if we have any animosity between each other.

But yeah, I was gonna raise $20 million to buy about 40% of the company from Marshall.

I realized that if I go out and raise $20 million to buy this company, I'm only entitled to a 20% carry on top once everybody gets their money back.

Right.

40%.

So we're doing whole numbers.

It's 39.25 for like 20 and change, but let's say 40%.

$20 million, I would need to get them all made whole, their money back, plus a hurdle to then get an 8% upside, which is 20% of 40 million.

So my ownership stock would go from about 12% to about 20%.

I'd have to raise 20 million bucks.

I'd put my name on the line.