I was the first fund to commit to investing in Carbon Collective, believing that the strength of the founders, coupled with their insight into building a brand and service that resonated with the next generation of investors, would result in a significant outcome. Since investing initially, not only have I been impressed with the company and team in a variety of ways, but I also am investing on this SAFE. Over the last year, the company's early progress and momentum has only accelerated as its AUM has grown nearly 8x to over $100M with line of sight to growing that to $400M+ over the next 18 months through recently signed partnerships. Moreover, the team was able to do this extremely cash-efficiently in a challenging capital markets environment, demonstrating just how resilient its client base is. I believe Carbon Collective has significant upside and a strong path ahead as the company has found definitive product-market fit and a substantial opportunity amongst a number of incumbents.