Q Why is everyone doubling down on this investment? I'll give you a hint. Two words. It rhymes with cervical bass.
A I saw this as a really nice vertical SaaS solution, right? Like, hey, she's got customers. This is, it's checking all the boxes for us. Valuation was competitive. Founding team is really compelling. But as we had conversations with customers, and as we had conversations with co-investors, I think the opportunity and the size of the opportunity became more and more apparent to us. Jamis has a very clear path to a 10 X exit on this type of business, but that's just the baseline. We think, you know, even Entrada will say they think the opportunity is probably closer to a hundred X here. And that has really increased our level of conviction to the point where we wanted to increase our target ownership percentage within the business.
AI assessment note: “increased our level of conviction to the point where we wanted to increase our target”