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Yes, via conversionrights at a valuation cap. Yes, via conversionrights at a valuation cap. Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. That said, nothing is cost-free. More complex cost of capital calculation. Flexible VC: Compensation-based.
And the way they're doing that is that they calculate what are called probability distribution. (09:35): And the way they're doing that is that they calculate what are called probability distribution. (09:35): If you think about how we communicate, we are having a conversationright now. That's all they're doing.
And the word, the way they're doing that is that they calculate what are called probability distribution. (10:31): If you think about how we communicate, right? You know, we're having a conversationright now. I think when you ask me a question, I, I pause and I think about what I'm about to say, right?
Yuan: For this one if I add one more thing here, it looks like it’s three during pretrial, but you wanted to look the paid conversions, right? This is when the attribution kicks in, right? We’ll call a bandit testing, an adaptive test, and the distribution is changing. Peep: All right.
And as we looked at that and had discussions and examined what that meant, it really meant distributing the sense of ownership, just pushing it out and opening it up and trying to enable anyone else to do this as well. And we at the time made it $1,000 because that was around the cost of serving one of those units.
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