Clipfort, page-41

Free, again, I beg to differ. If you compare the mc that the market has been willing to pay in the last several months for tech style vends, versus when the likes of BRN were coming out, I think you'll concede the average mc achieved (and maintained) is much lower.

When you say, "and you have been on many". Yes. I agree. But not in the last 3-4 months, as imo it's not the space to be.

e.g. D13 eventually moved higher, despite a very, very generous deal structure for vendors, but drones is a very sexy space to be in too and it's had trouble maintaining its mc.

What I do like about APY is that mgmt have skin in the game.