Scott Hansbury

It's what's called a person-to-person sponsorship or a income share agreement is really what the legal term is.

There's actually IRS forms that you fill in when you do your taxes for it.

So it's all been approved.

We bootstrapped to be to get to launch, which was this past June.

So we launched June 1st.

OK.

And then since then, we've started to raise a seed level capital.

In fact, we just closed our first tranche of 400K.

And we've got another one now that we've just opened, uh, obviously at a much higher, almost a three X, um, valuation increase for another 1.5.

So the real key for any startup is building that growth momentum in the supply and the demand side.

And you really have to have the metrics to really go for an A round.

So what we're building right now is we're building our growth, tracking that growth, making sure that we can hit both the supply and the demand side numbers that you need for an A round.

So we're looking at going to that A round later this year.

Very consistent 20 plus percent growth month over month.

So what you stake does is we add a percentage on to every raise.

So if a tournament cost, let's say the main event costs $10,000.

What actually is getting raised is $10,800.

So there's an 8% add on there.

It is the backers.

The backers are, you know, for the ability to get access to these players, which unless you know them personally, you usually don't have access to them.