Q And why make the decision to do some in venture debt?
A We've now paid off about half of that. Um, well, venture debt, if you get it from a bank, is pretty cheap money. You know, the, um, it's a pretty good deal. The interest rate is low, and the, um, You know, they, they, they take a little bit in warrants, but not very much. So it's a pretty good deal. You're not getting dilution and, and you're getting, um, you know, money that's not actually guaranteed, um, by anything. And ultimately, um, Did you have to personally guarantee that? No, there's no guarantees at all. I mean, the only, the only thing it's backed by effectively is like, uh, the property of the company of which we all, we own our computers really, you know, so, um, it's a, it's a good deal if you can get it. Um, and it's, it was interest only for a while too, which is good. So, you know, you've got time to.
AI assessment note: “venture debt, if you get it from a bank, is pretty cheap money”