Deciding to Exit After 2 Years of Ownership

And honestly like to give. To give. Chris, what does that mean?

How, how you hearing that? Do you do. Do you interpret that? I interpreted, and I think Chris was pretty open and honest in this regard.

My wife's a shareholder of the business because of the personal guarantee and we both had to sign it. Like, I don't think Chris wanted to sit on the board with anybody else. You know, and it's like, in retrospect, I fully get and appreciate that.

Right. Like, he had, you know, effectively an equal voice to me and my wife, not necessarily by percentage. Right. But that voice in that in those quarterly board meetings or the guy that I'm calling and having a bad day with, it's like, I'm not calling three people, I'm calling Chris. So, Sam, you're smiling.

Anything to add to all this? No.

Look, I think we felt fortunate, so when you called me, I was like, thrilled to help you. But I, I think it's worth saying that you can have the grandest plans in the world and you have no idea how things are going to shake out. Right. You just have to make your best guess.

And I think we both had ideas that while the partnership was starting very fairly modestly, like Jack and Ashley had the lion's share of the ownership, the lion's share of the risk. We were a single, modest check in his cap table. We saw it equally as multiple ways to win.

Only one of those is what actually happened, which was to end up kind of, I guess, acquiring Strategic, but more importantly, you know, getting Jack as a partner. There were a lot of ways to win from this, from our side. And same for Jack. He was smart to think, like, I need to Know ultimately who could buy this business for me and to think it could be us potentially was a smart thing to do.

Yep. Well, I'll, I mean I'll share. We can cut this if you want. Right.

But I'll share that like for the terms that give credit to the boot camp here. Right. Like the terms that I went to PSG with with kind of in my SIM that I, that I went to market with quote unquote, like it was 2x step up on your money. Here's your, here's your dividend.

Like you know, we. For me I kept, I had of the total equity split. I did 80, 20. So 80% common. 20% preface. 80% common was all me and my wife and the 20% pref was split between me and PSG based on our capital contribution. So again it felt, I mean it felt like a big check is the one that they wrote me.