Tyler Tringas

So to parse that term a bit,

The, so there is this balance.

We are, you know, we are taking a risk alongside the founder that, you know, there's a version of this that works out sub optimally for us, right?

We do back a ConvertKit or we back a GitHub and initially we have, you know, 10% and we get paid, you know, two X our money back and that buys us down, you know, by two thirds.

And that's a really bad trade for us, right?

Because we would much rather have kept it up here, right?

and had the whole 10% of this massive company.

We take that risk essentially.

So the founders are allowed to make that payment.

They're not allowed to prepay in the sense of just dumping money at us.

So what they can't do is just say, here's a check, 300 grand, boom, like we bought you down, right?

And again, the reason for that is, let's say they negotiate an acquisition, right?

And they know they're about to get acquired for a huge sum of money.

Absolutely, they're gonna go like, write me the biggest check they possibly can and buy me down as much as possible.

What they can do and what we cannot prevent is per the formula, if the business is profitable, right?

If the founder earnings are generated and they are in the books, they are absolutely entitled to pay us the full amount.

We get a percentage of that and we can't prevent them from paying us that, right?

Even if we don't want them to.

And that's just the agreement.

It's like, look, if you build a profitable business, you are entitled to make those payments back to us, which will...