[lizen_one]

I would be interesting if you could describe how it exactly works. Can you give us a little more color on that?

1. You mentioned that this only a marketplace between lenders and startups. Does a startup create a kind of brochure describing their idea trying to lure in lenders (like kickstarter or other crowdfunding/lending sites)? Or does the startup just fills out a form and then you decide about the loan? In this case, how do the lenders decide if the want to give this startup money?

2. Who decides if a startup gets money?

3. What exactly is your part in this process? Do you quantify the risk, so lenders can only give money to startups in a certain risk category?

4. What happens if the startup fails? Who has lost money? You or the third-party lenders?

[rchachra]

Sure, 1. Here is a link (https://docsend.com/view/gtxd9jwdgs3izb8m) to the explainer for the bridge to Demo loan. 2. All companies presenting on Demo Day are automatically qualified. Later stage companies are underwritten on a case-by-case basis by the 8vdX team. 3. Yes, we act as underwriters and originate companies that we strongly believe will be able to raise their Series A rounds. 4. Investors invest at a portfolio level for each batch therefore there is an expected failure rate built in to the return assumptions

[lizen_one]

Thank's a lot. This document really makes it clear how it works. Awesome idea!

[rchachra]

Thank you!