Venkat Nagaswamy

And at that time, a lot of people in our range would go for, you know, would have converted it or would have done something like a $12 million or $14 million post-money valuation as opposed to $10.

So we believe that we are actually, relative to what we would have gotten at that time, we're actually on the lower side.

So I don't feel too worried about the valuation creep, as people call it.

Had we done it at 15 or 14, then that would worry me, especially when we go in for the Series A. The Series A investors would be more worried.

But, you know, the preliminary feelers that we put out for Series A, which we are not ready for yet, we'll be ready for it later this year.

But when the preliminary feelers that we put out— Oh, wait, real quick, Venkat.

Exactly.

Got it.

So the actual Series A, we do only later this year.

And what people are telling us, they're like, OK, your valuation is OK.

It's not too low.

It's not too big.

It seems to be around what people are seeing.

So I'm not too worried about it.

But then ask me in six months and I'll tell you what it is.

Yeah, so, you know, we were under stealth still till something like May of last year.

May of 2016.

Yep.

So for the first year that we're getting revenues from people, they were all beta customers.

based on the contacts that we had and the investors had and so on.