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Benchmark Part I
Acquired
Equity Back Loans to Pare and Jeff
A portion of the 6.7 million dollar benchmark investment that went to the company's balance sheet I don't think any of it ever left the balance sheet. What we do know is that benchmark got 20% or more of the equity in ebay for their equity investment in ebay what was reported was that they owned 22.1% at IPO. Benchmark had also structured equity back to loans to pare and jeff in the amount of $750,000 each as a way to like Prevent them essentially give them an incentive not to take the Acquisition offer from night reader because they're sitting there. This is life-changing money Right.
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