Patrick Campbell

We talked up until the day before we signed a term sheet of whether we're doing this or not.

There was a lot of uncertainty.

What was term sheet date?

The date we signed, January 10th-ish, 10th, 15th, somewhere around there.

I think sign was April 8th.

Close was April 20-something.

Yeah, split sign close, which was fun to find out.

Close is money wired, right?

Yeah, basically.

Yeah, essentially.

We had this giant if-then statement going with like,

investors as well because it wasn't like paddle just had the money in the bank like we had to raise right which I was loose like very tangentially involved in but like Christian had to go he had to like like it's kind of funny like how like

I don't know how many of these have happened in SaaS, like a dozen this way, convinces us to sell, manages us through that whole process.

While he's managing it after we sign a term sheet, goes and raises hundreds of millions of dollars to pay for it in a not so great market.

And then all of this stuff has to cascade together in terms of legal, as well as the funds and all that kind of fun stuff.

Because if you think about it too, this is something I didn't know, but...

When you go to a KKR and you're like, great, I will take 100 million of your dollars or I'll take 200 million of your dollars.

It's not like they just have that money in the account, right?

They have to go talk to their LPs to have committed and basically do a capital call.

And the LPs can be like, nah, I'm good, right?