Scott Beechuk

We want to grow faster.

We possibly want to grow in creative ways that are going to require some additional capital.

So he is, you know, he's a very humble person.

uh, but smart, uh, founder.

And I think it, I think it takes a lot for a founder to do, to make that mental switch from, Hey, you know what?

It's almost like a family run bootstrap business to, Hey, you know what?

We're going to go big and we're going to bring a firm like Norwest in to help us superpower that next, uh, that next change.

I think it depends on the company and the timing.

You know, some companies are at a moment in time where all of a sudden something fundamentally changed, right?

So it may have been that for the last decade, they've been able to be very successful in a bootstrap situation.

And yeah, maybe they've been incenting their employees with cash.

But

A lot of times we turn a corner, either there's a new technology opportunity or the market itself changes and they say, wow, if we had more capital to work with, we can actually take a much faster growth curve.

And guess what?

There's still going to be great incentives for the employees and the shareholders, but

employees you know obviously want to keep everybody excited and motivated but maybe it shifts maybe instead of taking some sort of a dividend like you called it maybe there's a great equity upside um and and that sort of scenario that they can that they can start to paint

And I think a lot of the companies in our portfolio, we have 140 active portfolio companies right now.

All those companies are thinking about that.

They're thinking about how do we keep everyone super excited and motivated for the next five years while we build toward that next liquidity event.

So I think there's always a lot of options there.