Steve Tuck

and we're fine like we get it like we're not we're we understand the way the model their model works and actually that we've got some things to gain from that too i think that this is where you kind of get to like okay so why they've got ownership needs fine but we actually don't have capital needs so why would we raise why why not just like if you we don't actually need it why raise it at all

It is never gonna come out of me.

No, it's deep, deep.

No, it really is.

It is like, and Adam, I think for, I mean, it must be for you as well.

It's like there were so many things that like, so many things that couldn't happen that did happen in the dot-com bust.

And it is just never going, I mean, in fact, I've always been concerned that it would cast a shadow in the wrong way and we wouldn't take the risks we have to take because I would be too risk averse from the dot-com bust.

In addition to our finding that World War II is stressful, it is an uncertain climate.

Yes, it is a lot of uncertainty.

So that was one piece of it.

And I mean, just bluntly, I think you're going to be bought by Dell.

I'm worried you're going to be bought by Dell.

I'm worried you're going to be bought by HP.

I'm worried you're going to be bought by IBM.

I'm worried you're going to be bought by EMC.

And for every one of these, we know all of the stories and we've seen it over and over and over again where companies lose their independence and customers suffer as a result of that.

And I think it was when we were doing the analysis, the financial analysis of like, all right, what does this mean?

It's like, and the person we had doing the analysis was outside of Oxide was like, well, so just so you know, like if you were to raise a Series C, it would make an acquisition much more unlikely, right?

like great that is that is great because we that we that is the objective of this company is not to be acquired it's not to be a because we know what that means um and that's not what we're doing we're a big independent company so um but there was in order to be able to do that though so that was a big reason to do it but we had to be able to do it in the way that i mean we

When you raise this kind of capital, I think there were a lot of questions out there, Adam, about like, what are the VC strings attached?