Oren Klaff

I had no money when I started the company.

I am, I'm not sure I'm ever ready, but I do a good job once I get rolling.

Yeah.

Well, cause I got a half basis point, uh, in, uh, in cleared fees.

So that's why.

No, um, you can't, if you have shitty fees, you can't make it up in volume.

Right.

As you may know.

So so listen, I worked for many years in the capital markets.

At that point, we probably had five or six hundred million in aggregate volume in 2008.

As you know, how fun that was.

Right, in actual debt, equity, mezz, money marbles and chalk, as we like to call it, come in.

And you clip along the way in those transactions, varying amounts.

Sometimes you get 7%, sometimes you get 100 basis points, but you try and keep something left over and keep moving on by buying and selling companies, by buying and selling real estate,

buying and selling assets and trying to keep some for the good guys.

So anyway, and then the 2008 came and you could not raise debt.

Most of our deals required debt and we just all started looking for something fun, interesting way to spend our time rather than being sad and

Miserable.

And so what happened was you decided, well, I didn't really decide.

I got invited.