[mattkrisiloff]

Definitely agree that on a team by team basis, there are opportunities to raise money out there that can be less dilutive -- very much might make more sense to do that than apply to work with us if you're in the right position for it too.

We like to think that our program isn't just about the funding on our end but also the mentorship, and there's value to that too (as we've been building our life science startups, we've found there aren't many traditional investors that have built their own life science companies and know the ins and outs of the experience).

Generally speaking, we don't want to be setting custom arrangements for everyone because we think it's super important that people think of each other as peers and that we aren't treating some people better than others.