Tony Tommy

So our valuation is higher than that, basically.

So we sold less than 15.

And we didn't actually take...

the Techstars money at this point we took outside money at a higher valuation so we didn't want to take the Techstars money at a lower valuation I thought Techstars forced you to take their money so you're in the program but you didn't take the money they have no equity it's optional so you don't have to take that money if you don't need it so Techstars today is not on your cap table

They are on the cap table, but that will be for a lower round.

So it's basically the program works in such a way that you have a fees, which is by default given.

And the 100K that they're putting in, that comes at evaluation predefined by Techstars.

So we... Well, what is that?

A million?

That is 3 million.

And there is like some technicalities in there where if you have

pre-commits at a higher valuation, then you get to match that commit.

And we had commits, but the problem was we didn't have enough proof of the commit.

It was all friends and family, and we didn't send any emails back and forth.

It was all word of mouth that came at that valuation.

Yep.

No, I mean, there's a common stock allotment for Texas.

4% or 5%?

That is the 6%, basically.

So that comes with the optional 100K as well.