Speaker 1
Now which came first Julian, your first investor or Trevor? Because I want to hear the stories of both. Julian, I think. Okay. So tell Carolyn about Julian. So Julian was Julian Weber was the husband of a painting teacher of Harvard. And he was the super nice guy. He was a business guy, but not a suit. Like he had been the president of the national lampoon. It was sort of business experience he had. So he was a business guy, but cool. Yeah. And a lawyer. So he could do this magical thing of incorporating us, which probably seems pedestrian to you, but it seemed astonishing to us that Julian could just like file some papers and we were a company. Yeah. Yeah. So he gave us $10,000. And in return, an end did all our legal work. Nice. And was on the board and would tell us really basic things. Wait, what state were you incorporated in? Probably New York, but I can't say for sure. Okay. All right. I mean, he was in New York. Yeah, that makes sense. I don't know. I don't know. Does he pay attention to those details? I know, I know. Okay. Only you would ask a question like that. Of course, of course. That was my first first thought. Well, I know. What did he get in exchange for his 10k? You got 10% of the company. Oh, wow. I know. Wow. Honestly, this was the deal that YC is based on. As I remember, when we got bought in the end, right? We got bought for $50 million. So even after the dilution, that 10% of the company was worth a lot more than the 10,000 paid for it. Yeah. And so I thought to myself after that, whoa, Julian got a pretty good deal. And then like half a second later, I thought to myself, but wait, we would have died without Julian many times. And so we got a good deal too. That's weird that something could be such a good deal for one side, but also a good deal for the other side. And that was how we knew that YC's deal was like that it was needed. We took a deal like that ourselves. Right. In fact, YC was a better deal because it was slightly more than $10,000 for slightly less than 10%, right? Right. Right. But that was how we knew that a deal like that was a viable thing, that there was a need for something like that, because we had taken it.