Delip Rao: Curious how do you go back from VC funded to bootstrapped? Did you return money to investors? And were they okay with just that? Regardless, I am happy you are doing more lib dev. You have very good taste.
Matthew Honnibal: There's no change in ownership, it's just that we don't have any more VC money to spend --- so the operating reality is like it was before. We think it's helpful to explain this.
Delip Rao: So if you consult and do other stuff as Explosion to bring money in, you have to pay distribution of the profits to the shareholders on your cap table?
Matthew Honnibal: If we ever pay a dividend, all shareholders will get some, (and the VCs have liquidation preferences that mean they'd take a larger share than their ownership until the money is paid back). But we're some distance away from dividends -- we'd pay ourselves a salary from consulting
Delip Rao: That's right. I am surprised your VCs were okay with this arrangement. Usually, they nudge the company towards an acquihire in such situations.