Q Well, you, you bring up a good problem, which is there's a lot of people that a co-founder leaves and you have to Figure out what valuation you buy them out at versus then what valuation you go raise at. And usually you want to buy them out at the lowest price and then go raise at the highest price. So how did you manage that?
A Exactly. Uh, a good thing is that, uh, we didn't break up or anything. He had some personal issues that he lacked, left, left the company, and he has some experience with startups. So he knew that with the percentage he had, which was 20%, the company wouldn't be able to raise another round or a series A, whatever this is. So, uh, it was a good conversation. Of course, it's a difficult conversation to have. Hey, investors are coming in at X and you are leaving at Y, which is, uh, three, four, five, 10 times lower. Uh, but, uh, he understood, uh, the issue. He understood what was fair. And what we did is that we buy out 75% of his equity. So he kept a little bit because he was in the early years of the company and we found this was fair. And so we were able to, to get to this number and ended up being good for everybody because for the investors, they could got into on a lower valuation. When you look at the average and for me and my other co-founder Jefferson, which is our CTO, we were able to kept more of our equity.
AI assessment note: “we buy out 75% of his equity. So he kept a little bit”