NeoCloud businesses can perform very well or very poorly depending on contract strength and deal structure.

“... that blow them up. You have a huge debt stack in your cap t- in your cap table, and things out of your control go wrong-”

“... like you don't-- you're not the one holding the bag. And again, this is like the beauty and the curse of, of why Neo Clouds can be great businesses or they could be brutal businesses if the contracts aren't airtight, if things aren't structured well, your balance sheet business, you know.”