Steve Tuck

Most of them are zeros.

And the one that is, you know, the one that is a non-zero is a non-zero to the point that it can make up the others.

And that's true, definitely true, but there's an asterisk on it, which is when you do have a winner, you want to own as much of that as possible.

And that when you are investing in these companies at an earlier stage, it's not just the investment, there's some optionality that you're preserving for yourself that you know as an investor, like, hey, if I'm a good partner, I will be in a great position to really be able to put a lot more capital into the company.

And we had some investors that like really, they were very explicit about that being like, this is why we are investing because we want to be able to put in more capital later.

Yeah, exactly.

And there was actually a very funny moment when one of our investors, you know, we kind of closed the B, I mean, at some level of coincidence, I mean, not totally coincidental, but we basically made our VCs look like absolute geniuses, is what I'm trying to say.

Like the B closes and then like the company very shortly thereafter is like, wow, okay, this is like, you've got all of a sudden a lot of like long, and these were like long percolating things.

Right.

that kind of happened to hit at once and we ended up with a lot of traction.

And so our investors look like absolute geniuses, which I think is kind of fun.

I did enjoy that.

Yeah, definitely.

You know, making them, you know, their secret was safe with us.

I mean, I guess we're kind of, you know, calling them out now.

Not so safe.

Not so safe with the secret.

They are geniuses.

We didn't make them just look like geniuses.

Do you know why we made them look like geniuses?