Phil Nadel

Yeah, we got in early, and I think we put in about $300 or $350.

I don't know the total amount of the round offhand.

Yeah, we do equity and notes, both.

It doesn't matter.

Number one criterion that weeds out a lot of companies is that we only invest in post-revenue companies, right?

We don't do anything pre-revenue.

You must be generating revenue.

And, you know, at least sort of $15,000, $20,000 a month at a very, very minimum.

Most are much more than that.

But that would be at a very minimum level.

We are industry agnostic, but we're really focused on companies that are capital efficient.

So if you're coming to us and you're saying, look, I'm burning through a lot of money.

I'm looking to raise money, but I'm going to have to raise again in six months.

Probably not our deal.

We look for runway.

We really like companies that are getting close to break even or cash flow positive.

They don't have to be there yet.

But we want to see a path to break even.

We want to see that they can get there in the foreseeable future and that they're spending on adding fuel to the fire, that they can grow the company.

They're not just doing development.