The top investor objections and a slide for each one

Actually, there are so many follow-up questions popping in my mind, but I'm gonna rewind and ask you the origin story. When you started the fundraise — it's always the first check that kicks it off. Your first check came from Russell Long?

Sorry. Uh.

You created this conviction and hooked one person. He said, "This is either genius or insane — either way, I'm in." Can you talk about the investment memos — what was the part that challenged you most in terms of risk?

You end up with 200 plus investors knocking on your door. So usually they don't show us the investment memos, so I don't really know what's in them. But I can tell you the top five complaints...

Every time I hear a new question, I add a slide to the back of the deck. By the time I've done five or six pitches, I have a slide for every objection. The top five: how are you gonna keep this thing cold?

Because space is a vacuum. How are you gonna make the chips work in a high radiation environment? How do you handle orbital debris? How do you handle security? How do you handle the regulatory environment?

So you have to have a well thought-through and plausible answer to all these points. Otherwise you're not gonna get very far.