Will Schroter

Now, a lot of those people will then graduate to raise more capital and that's wonderful.

But I still have yet to see this kind of mass market solution.

Crowdfunding was supposed to be it, you know, to start.

There's just some parts of the mechanics of it that just don't quite work.

We do run a counter on the amount of capital that's been committed on the platform, which is a little over $500 billion, but I couldn't give you the number as to how many companies.

$500 million if I said billion.

We don't see the funding closed because we don't do transactions on our platform.

We don't have that license.

So some number of it could fall through, but usually the capital commitments hold pretty true.

Founder does it in more traditional means.

In other words, the folks that are committing on Fundable aren't committing $1,000.

These are people committing usually $25,000 to $50,000.

They'll take that through their own version of a safe note or whatever they're going to do and then do a wire transfer.

There's eight transfers or whatever would be in a deal.

It's not big enough that you need a very transactional

platform.

I don't, and you know, the reason I don't know a lot of these numbers is I don't look at them.

The funny thing is I'm our CFO, so I look at our dollar numbers very closely, but I do that.

I do like a hundred other things, but the other thing I do a lot of is product development.

And every now and then at the beginning of a product, we'll run numbers to see like, you know, average number of clarity calls, the number of people getting funded, et cetera.