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base, as the percentage ownership and flexibility.

Yeah, yeah, absolutely. So I just think that with, with self funded search you have the opportunity to have a greater ownership stake and thus like have more control over the direction you want to, to take the company in. And I think uh, where, where part of my consideration set is like I think I could probably structure this to have a little bit of the best of both worlds.

And so I just found that it also provided you a lot more flexibility to look at both deal types have the flexibility that you want in terms of geography. Now I think Sam Rosati really has a great framework for this. I think it's the big three little two and so I think it has the ability for you to just be more flexible and adaptable.

But I will say I think the traditional search model at times people poo poo because of like the ownership stake and oh, you're just a hired CEO. And I, I think there's a ton of benefits particularly at earlier stages in your career having really experienced people invested in you and trying to help and mentor and help you grow and be successful and have dollars on the line in, in a, in a venture…

And I've seen and talked to countless people that have gone that path and the doors that is open, people that have actually like been successful in launching, acquiring, then selling the business or even people that never like actually acquired a business or people that acquired a business didn't work out like they all tend to have good outcomes as long as they were. They handled the process very…

So I think it's, I think it's just very attractive. I think I was just in a life stage where self funded was a better fit for, for what I wanted to achieve.

Yeah, no, that's great Jonathan. And, and to this point, critique of, of traditional search airing just ahead of this episode, maybe two episodes ago, by the time all of these air will have been Edward McDonnell who did a traditional search. And we talk about this question of autonomy or lack thereof in traditional search which he pushes back on pretty hard.

So I do think that we should look beyond the stereotypes on that, including me. We should look beyond the stereotypes about traditional search versus self funded actually.

And one of the points that he makes and so I'll, I'll, I' tee it up so you can respond now that you are a successful self funded searcher is that while self funded search appears more flexible from a kind of a cap table perspective because you own certainly the majority and sometimes upwards of 80, 90, and for the lucky few, even 100%, there are smaller businesses more cash constrained.

And the reality of living in a small business that is cash constrained sure doesn't feel free. So, so you may not have investors to answer to, but the marketplace is pretty inhospitable to a business that is living check to check. Whereas in traditional search you're much more cash rich.

You've got in the, during the search process itself, you've got the fund which is the namesake of the model, the search fund, so you don't have to nickel and dime yourself about, you know, spending on Q of E or flying to meet an owner and then, and then you're in. The intention is that you'll buy a larger business too. So once you're in your business, it in theory has $2 million plus of EBITDA to…