Q Um, you also chose to do, I mean, back when you did the round in, in April, I think it was of 2019 from generation, I think you did 2.5. Um, in between that, in the 1.5, you just took an equity. It looks like you also did a little bit of debt. Is that accurate? And if so, help me understand how to use debt in a SaaS company.
A Yeah, so, um, the debt was really interesting, actually. So we, uh, we, we brought on some venture debt through Comerica Bank. Um, and it was mainly to, uh, really build the relationship early so that when we do our Series A, we can take about 30% of venture debt on top of that next round. Um, so this was just to get our feet wet, build credibility, uh, build credit with the bank, and, uh, so that we can use it as, uh, as a, um, as a non, uh, um, as a future, um, Investment part or a future financial partner without taking on, uh, without giving away equity in the next round. So for, for this round, we're not really leveraging the debt right now, although we have access to it. Um, we do plan to leverage it closer to Um, the time that we pull the trigger on our series A so we can start scaling the company and hiring.
AI assessment note: “we brought on some venture debt through Comerica Bank. Um, and it was mainly to”