Ryan Buckley

Um, I interviewed him for the parallel entrepreneur.

So he knew that I was, I was paralleling at the time and he's like, you're not going to parallel it might've seen more.

I sold it to another private equity firm in Texas.

That relationship kind of went south and they've been a bit litigious.

So I won't say exactly who they are, but just the very high level thing that kind of went south was they were on sort of a payment plan that they stopped selling.

They decided they weren't going to do the payments anymore.

So I ended up getting about half of what the terms were on that one.

And I was kind of like, you know, shame on me for just not getting all the money up front.

Yeah, yeah, yeah, yeah.

I wish I'd known that.

Yeah, yeah.

Neighborhood Six Figures.

Well, yeah, yeah.

And shadow equity also means that...

they uh so you know xenon doesn't want to write gms into the cap table it's just uh just overhead just kind of hassle so it's essentially it's a side letter that says uh if and when there's uh there's a liquidity event you get x percent

Um, so that, this is like a thing.

Yeah.

And I don't know if this is a term that they made up.

Um, but, uh, but you know, if and when liquidity happens, that's what happens.

Yeah.