Q And is that what you mean when you say most VCs add negative value?
A Well, they take a very short term approach. Uh, just going through a situation. Companies being recapped. They asked us to participate. I said, you are hanging on to revenue that is bad revenue. If you get rid of it and restart the company with positive revenue in the right technology approach, Will participate and even lead. But they hung on to revenue since the beginning of this year. By the way, three years ago, I asked them to take a technology approach as opposed to a people approach to the business. They did not because revenue came fast. The technology took time to develop. And they didn't invest in it. Now they're going back, and I just got an email today saying they are happy to take our approach of really investing in the technology, lower burn rate, not trying to show higher revenue so they can be acquired, instead build a company.
AI assessment note: “Well, they take a very short term approach.”