How to Say No to a Fund

It depends if it's a first time fund and they don't really have, it would be a major doesn't have any capital raised yet. And so I might give them our commitment, but that's not really enough for them to be going concerned. So there are situations where we think congratulations, well, we'll be your first investor. Now you've got 5% of your target raised, congratulations at the early move. But honestly, I know some people who will like this and this is a better fit for them than it is for us.