Yeah.

But whoever does the math is gonna come up with a similar conclusion that your... a fund is gonna need to hold somewhere between ten percent and fifteen percent of a company at the exit, ideally, or let's say five to fifteen at the exit, ideally, and ten to twenty percent on the entry, ideally.

You're never gonna get more than twenty percent, it makes no sense.

Less than ten percent rarely makes sense.

And so y-you then-- that ends up, I can only write a check of a certain size.

I can only, you know, therefore sustain valuations and round sizes of a certain size.

When a founder shows up and says, "Hey, I'm raising three hundred million dollars of-- my first round is three hundred million dollars.

I need a month of your time to deploy.