@font-face{font-family:inter;src:url(../media/Inter_Light-s.p.2vj38c6bvkdvi.ttf)format("truetype");font-display:swap;font-weight:300}@font-face{font-family:inter;src:url(../media/Inter_Regular-s.p.3f1r_p0hh63ra.ttf)format("truetype");font-display:swap;font-weight:400}@font-face{font-family:inter;src:url(../media/Inter_SemiBold-s.p.2ev-c_ghbb92h.ttf)format("truetype");font-display:swap;font-weight:600}@font-face{font-family:inter;src:url(../media/Inter_Bold-s.p.0gepgi5w6v3gt.ttf)format("truetype");font-display:swap;font-weight:700}@font-face{font-family:inter Fallback;src:local(Arial);ascent-override:89.79%;descent-override:22.36%;line-gap-override:0.0%;size-adjust:107.89%}.inter_27da6228-module__T4ltpW__className{font-family:inter,inter Fallback}
*{box-sizing:border-box}html{scroll-behavior:smooth;scroll-padding-top:100px}body{color:#16161b;-webkit-font-smoothing:antialiased;background:#f6f1e8;margin:0;font-size:16px}button,input,a{-webkit-tap-highlight-color:transparent}a{color:inherit;text-decoration:none}button,input{font:inherit}button,a,input{touch-action:manipulation}button{cursor:pointer}a:focus-visible,button:focus-visible,input:focus-visible{outline-offset:6px;outline:3px solid #b4823c}h1,h2,h3,p{margin:0}h1,h2{letter-spacing:-.055em;font-weight:600;line-height:1.04}h1{font-size:clamp(54px,6.2vw,96px)}h2{font-size:clamp(44px,4.8vw,72px)}h3{letter-spacing:-.035em;font-size:24px;font-weight:600}p{line-height:1.55}small{font-size:14px;font-weight:400}svg{width:100%;height:auto;display:block}button{border:0}::selection{color:#f6f1e8;background:#125f73}.site-header{z-index:10;background:#f6f1e8;border-bottom:1px solid #dcd3c2;justify-content:space-between;align-items:center;height:88px;padding:0 4.5%;display:flex;position:sticky;top:0}.wordmark{letter-spacing:-.06em;font-size:25px;font-weight:600}.site-header nav{gap:34px;display:flex}.site-header nav a{color:#57575e;align-items:center;gap:10px;padding:12px 0;font-size:14px;display:flex}.site-header nav a span{color:#8a867d;font-size:12px}.site-header nav a[aria-current],.site-header nav a[aria-current] span{color:#125f73}.pdf-link{color:#125f73;border-bottom:1px solid #125f73;padding:10px 0;font-size:14px}.pdf-link span{padding-left:20px}.reading-progress{transform-origin:0;z-index:12;background:#125f73;height:2px;position:fixed;top:87px;left:0;right:0}.skip-link{z-index:30;background:#f6f1e8;padding:15px;position:fixed;top:-100px;left:20px}.skip-link:focus{top:15px}.chapter{scroll-margin-top:0;position:relative;overflow:hidden}.chapter-inner{z-index:1;max-width:1440px;margin:auto;padding:74px 6% 150px;position:relative}.field{pointer-events:none;width:100%;height:120px;position:absolute;bottom:12px;left:0}.section-label{color:#125f73;align-items:center;gap:20px;margin-bottom:40px;font-size:14px;font-weight:600;display:flex}.section-label>span:first-child{align-items:center;gap:16px;display:inline-flex}.section-label>span:first-child:after{content:"";background:currentColor;width:44px;height:1px}.opportunity-heading{grid-template-columns:1.6fr 1fr;align-items:end;gap:70px;display:grid}.hero-aside>span{color:#125f73;margin-bottom:16px;font-size:13px;display:block}.hero-aside p{max-width:380px;font-size:21px;font-weight:300;line-height:1.5}.round-link{color:#125f73;border-bottom:1px solid #dcd3c2;gap:40px;margin-top:14px;padding:16px 0 12px;font-size:15px;font-weight:600;display:inline-flex}.network-visual{margin:44px 0 36px}.network{max-height:360px}.example-strip{border-top:1px solid #dcd3c2;border-bottom:1px solid #dcd3c2;justify-content:space-between;align-items:center;gap:20px;padding:18px 0;display:flex}.example-strip>span{color:#57575e;font-size:12px}.example-strip p{font-size:14px}.example-strip p span{color:#125f73;padding:0 12px;display:inline-block}.overview-facts{grid-template-columns:repeat(3,1fr);gap:40px;display:grid}.overview-facts>div>span{color:#125f73;margin-bottom:16px;font-size:13px;display:block}.overview-facts h3{margin-bottom:14px;line-height:1.25}.overview-facts h3 small{color:#57575e;font-size:17px}.overview-facts p{color:#57575e;max-width:320px;font-size:15px}.team-line{border-top:1px solid #dcd3c2;justify-content:space-between;gap:25px;margin-top:34px;padding-top:22px;font-size:13px;display:flex}.team-line strong{font-weight:600}.team-line>span{color:#57575e}.page-footer{display:none}.investment{color:#f6f1e8;background:#15151a}.investment .section-label{color:#b4823c}.deal-heading{justify-content:space-between;align-items:end;gap:60px;display:flex}.deal-heading>p{color:#b4b0a6;max-width:310px;font-size:20px;font-weight:300}.ownership-equation{border-top:1px solid #34343b;border-bottom:1px solid #34343b;grid-template-columns:1.2fr .25fr 1fr .9fr;align-items:center;gap:25px;margin-top:44px;padding:36px 0;display:grid}.ownership-equation strong{letter-spacing:-.065em;white-space:nowrap;font-size:clamp(46px,5.6vw,84px);font-weight:300;display:block}.ownership-equation>div>span{color:#b4b0a6;margin-top:12px;font-size:13px;display:block}.equation-arrow{color:#b4823c;font-size:44px}.ownership-equation>div:nth-of-type(2)>strong{color:#b4823c}.valuation{border-left:1px solid #34343b;padding-left:30px}.valuation p{font-size:20px;line-height:1.7}.valuation p span{color:#b4b0a6;margin-left:8px;font-size:13px}.valuation small{color:#b4b0a6;margin-top:10px;font-size:12px;display:block}.terms-note{color:#b4b0a6;max-width:1000px;margin-top:16px;font-size:12px;line-height:1.6}.deal-charts{grid-template-columns:1fr 1.3fr;gap:64px;margin-top:44px;display:grid}.block-heading{justify-content:space-between;align-items:center;gap:20px;margin-bottom:24px;display:flex}.block-heading h3{font-size:22px}.block-heading>span{color:#b4b0a6;white-space:nowrap;font-size:11px}.funding-row{margin-bottom:16px}.funding-row>div:first-child{justify-content:space-between;gap:20px;margin-bottom:9px;font-size:13px;display:flex}.funding-row strong{font-weight:400}.bar-track{background:#34343b;height:6px}.funding-fill{background:#b4823c;height:100%}.fine{color:#b4b0a6;font-size:12px;line-height:1.6}.funding>.fine{margin-top:24px}.return-bars{flex-direction:column;gap:20px;margin-top:28px;display:flex}.return-row{grid-template-columns:70px 1fr 110px;align-items:center;gap:15px;display:grid}.exit-label{font-size:17px}.return-row small{color:#b4b0a6;margin-top:4px;font-size:11px;display:block}.return-row>strong{text-align:right;white-space:nowrap;font-size:18px;font-weight:400}.return-track{background:#23232a;height:18px}.return-track>div{background:#b4823c;height:100%}.returns>.fine{margin-top:26px}.calculator{border-top:1px solid #34343b;border-bottom:1px solid #34343b;grid-template-columns:1fr 1.2fr 1.2fr;align-items:center;gap:40px;margin-top:50px;padding:34px 0;display:grid}.calculator-intro>span{color:#b4823c;font-size:12px}.calculator-intro>p{letter-spacing:-.03em;margin-top:12px;font-size:24px;line-height:1.3}.calculator-controls>label{justify-content:space-between;gap:16px;font-size:12px;display:flex}.calculator-controls output{color:#b4823c}.calculator-controls input{accent-color:#b4823c;cursor:pointer;width:100%;height:20px;margin:14px 0 18px}.text-button{color:#b4b0a6;text-underline-offset:4px;background:0 0;padding:0;font-size:11px;text-decoration:underline}.calculator-output{border-left:1px solid #34343b;padding-left:28px}.calculator-output>span{color:#b4b0a6;font-size:12px}.calculator-output>strong{letter-spacing:-.05em;color:#b4823c;font-variant-numeric:tabular-nums;margin:10px 0;font-size:40px;font-weight:300;display:block}.calculator-output>p{color:#b4b0a6;font-size:12px}.calculator-output b{color:#f6f1e8;font-weight:400}.deal-bottom{grid-template-columns:100px 1.2fr 1fr;align-items:center;gap:24px;margin-top:30px;display:grid}.deal-bottom>span{color:#b4823c;font-size:12px}.deal-bottom>p{color:#b4b0a6;max-width:460px;font-size:13px}.deal-bottom>strong{text-align:right;letter-spacing:-.03em;font-size:25px;font-weight:400}.deal-bottom small{color:#b4b0a6;letter-spacing:0;margin-top:5px;font-size:11px;display:block}.growth-heading{justify-content:space-between;align-items:end;gap:30px;display:flex}.growth-heading>div{text-align:right}.growth-heading>div>strong{letter-spacing:-.06em;color:#125f73;font-size:72px;font-weight:300;line-height:1;display:block}.growth-heading>div>span{color:#57575e;margin-top:12px;font-size:12px;display:block}.growth-chart{margin-top:48px}.growth-chart>.block-heading{margin-bottom:16px}.legend{color:#57575e;gap:24px;font-size:12px;display:flex}.legend>span{align-items:center;gap:8px;display:flex}.legend i{background:#125f73;width:10px;height:10px;display:inline-block}.legend>span:nth-child(2) i{background:0 0;border-top:2px dashed #b4823c;width:20px;height:0}.growth-chart>svg{max-height:390px}.year-explorer{border-top:1px solid #dcd3c2;border-bottom:1px solid #dcd3c2;padding:20px 0 24px}.year-buttons{gap:10px;margin-bottom:22px;display:flex}.year-buttons button{color:#57575e;background:0 0;border:1px solid #dcd3c2;padding:8px 18px;font-size:13px}.year-buttons button[aria-pressed=true]{color:#f6f1e8;background:#125f73;border-color:#125f73}.year-details{grid-template-columns:repeat(4,1fr);gap:20px;display:grid}.year-details small{color:#57575e;margin-bottom:8px;font-size:12px;display:block}.year-details b{letter-spacing:-.04em;font-size:24px;font-weight:400}.milestones{grid-template-columns:repeat(3,1fr);gap:34px;margin-top:38px;display:grid}.milestones>div{border-top:2px solid #125f73;padding-top:16px}.milestones>div:nth-child(n+2){border-top-style:dashed}.milestones span{color:#125f73;font-size:11px}.milestones h3{margin:12px 0 8px;font-size:21px}.milestones p{color:#57575e;font-size:14px}.growth-bottom{border-top:1px solid #dcd3c2;grid-template-columns:1fr 1fr;gap:44px;margin-top:34px;padding-top:26px;display:grid}.growth-bottom h3{margin-bottom:10px;font-size:19px}.growth-bottom p{color:#57575e;font-size:14px}.growth-bottom p strong{color:#125f73;font-size:24px;font-weight:400}.growth-bottom .fine{margin-top:10px;font-size:11px}.source-note{color:#57575e;margin-top:25px;font-size:11px;line-height:1.6}.closing{flex-direction:column;gap:14px;padding:55px 0 10px;display:flex}.closing>p{color:#57575e;font-size:18px}.closing>a{letter-spacing:-.05em;color:#125f73;font-size:clamp(25px,4vw,52px)}.closing>a>span{margin-left:20px}.closing>a.closing-pdf{letter-spacing:0;text-underline-offset:6px;margin-top:8px;font-size:13px;text-decoration:underline}.site-footer{color:#57575e;border-top:1px solid #dcd3c2;justify-content:space-between;padding:30px 6%;font-size:11px;display:flex}@media (min-width:1600px){.chapter-inner{padding-top:95px;padding-bottom:165px}.network{max-height:400px}}@media (max-width:1000px){.site-header nav{gap:20px}.site-header nav a span{display:none}.chapter-inner{padding-left:5%;padding-right:5%}.opportunity-heading{grid-template-columns:1.35fr 1fr;gap:35px}.hero-aside p{font-size:18px}.example-strip{flex-direction:column;align-items:start;gap:8px}.deal-charts{gap:30px}.block-heading{flex-wrap:wrap;gap:8px}.ownership-equation{grid-template-columns:1.1fr .2fr 1fr .9fr;gap:15px}.valuation{padding-left:15px}.valuation p{font-size:17px}.valuation p span{margin-left:0;line-height:1.3;display:block}.calculator{grid-template-columns:1fr 1.2fr;gap:25px}.calculator-intro{grid-column:1/-1}.calculator-intro p br{display:none}.overview-facts{gap:24px}.overview-facts h3{font-size:21px}.legend{gap:14px}}@media (max-width:700px){html{scroll-padding-top:74px}.site-header{flex-wrap:wrap;gap:15px;height:70px;padding:0 5%}.wordmark{font-size:20px}.site-header nav{gap:16px}.site-header nav a{font-size:11px}.pdf-link{display:none}.reading-progress{top:69px}.chapter-inner{padding:44px 6% 110px}.section-label{margin-bottom:26px;font-size:12px}.opportunity-heading{display:block}.hero-aside{margin-top:24px}.hero-aside>span{display:none}.hero-aside p{max-width:100%;font-size:19px}h1{font-size:54px}h2{font-size:43px}.network-visual{margin-top:28px}.network{width:100%;min-width:620px}.network-visual{overflow-x:auto}.example-strip{min-width:100%;max-width:100%}.example-strip p{font-size:12px}.example-strip p span{padding:0 3px}.overview-facts{grid-template-columns:1fr;gap:24px}.overview-facts>div{border-bottom:1px solid #dcd3c2;grid-template-columns:1fr 1.3fr;gap:8px 20px;padding-bottom:20px;display:grid}.overview-facts>div>span{grid-column:1/-1;margin-bottom:4px}.overview-facts h3{margin:0;font-size:20px}.overview-facts p{font-size:13px}.team-line{margin-top:24px;line-height:1.6;display:block}.team-line>span{margin-top:8px;display:block}.deal-heading{display:block}.deal-heading>p{max-width:100%;margin-top:24px;font-size:18px}.ownership-equation{grid-template-columns:1fr .15fr 1fr;gap:8px;margin-top:28px;padding:26px 0}.ownership-equation strong{font-size:43px}.ownership-equation>div>span{font-size:10px}.equation-arrow{font-size:25px}.valuation{border-top:1px solid #34343b;border-left:0;flex-wrap:wrap;grid-column:1/-1;gap:26px;margin-top:15px;padding:20px 0 0;display:flex}.valuation p{font-size:18px}.valuation p span{font-size:11px}.valuation small{font-size:10px}.terms-note{font-size:11px}.deal-charts{grid-template-columns:1fr;gap:32px;margin-top:30px}.block-heading h3{font-size:21px}.calculator{grid-template-columns:1fr;gap:24px;margin-top:32px;padding:25px 0}.calculator-output{border-left:0;padding-left:0}.calculator-output strong{font-size:42px}.deal-bottom{grid-template-columns:1fr;gap:12px}.deal-bottom>strong{text-align:left;margin-top:8px}.growth-heading{display:block}.growth-heading>div{text-align:left;align-items:center;gap:20px;margin-top:24px;display:flex}.growth-heading>div>strong{font-size:46px}.growth-heading>div>span{max-width:150px;margin:0;font-size:12px;line-height:1.5}.growth-chart{margin-top:30px}.growth-chart>svg{min-width:600px}.growth-chart{overflow-x:auto}.growth-chart>.block-heading{min-width:0}.growth-chart .block-heading{display:block}.legend{margin-top:12px}.year-details{grid-template-columns:1fr 1fr;gap:20px}.year-buttons{gap:6px}.year-buttons button{padding:8px 12px;font-size:12px}.year-details b{font-size:21px}.milestones{grid-template-columns:1fr;gap:25px;margin-top:28px}.growth-bottom{grid-template-columns:1fr;gap:24px}.closing{padding-top:35px}.site-footer{line-height:1.8;display:block}.site-footer>span{display:block}.field{height:85px}}@media (prefers-reduced-motion:reduce){html{scroll-behavior:auto}*,:before,:after{transition-duration:.001ms!important;animation-duration:.001ms!important}}.print-deck{width:1280px}.print-deck .chapter{break-after:page;page-break-after:always;width:1280px;height:905px}.print-deck .chapter:last-child{break-after:auto;page-break-after:auto}.print-deck .chapter-inner{width:100%;max-width:none;height:100%;padding:42px 64px 96px}.print-deck .web-only{display:none!important}.print-deck .section-label{margin-bottom:28px;font-size:13px}.print-deck h1{font-size:64px}.print-deck h2{font-size:56px}.print-deck .opportunity-heading{grid-template-columns:1.4fr 1fr;gap:60px}.print-deck .hero-aside p{font-size:19px}.print-deck .hero-aside>span{margin-bottom:12px}.print-deck .overview-facts{gap:40px}.print-deck .overview-facts h3{font-size:22px}.print-deck .overview-facts>div>span{margin-bottom:10px}.print-deck .field{height:70px;bottom:30px}.print-deck .page-footer{color:#57575e;justify-content:space-between;font-size:10px;display:flex;position:absolute;bottom:20px;left:64px;right:64px}.print-deck .investment .page-footer{color:#b4b0a6}.print-deck .deal-heading h2{font-size:52px}.print-deck .deal-heading>p{max-width:290px;font-size:18px}.print-deck .ownership-equation{gap:24px;margin-top:28px;padding:24px 0}.print-deck .ownership-equation strong{font-size:67px}.print-deck .terms-note{margin-top:12px;font-size:11px}.print-deck .deal-charts{gap:58px;margin-top:28px}.print-deck .block-heading{margin-bottom:18px}.print-deck .block-heading h3{font-size:21px}.print-deck .funding-row{margin-bottom:14px}.print-deck .funding-row>div:first-child{margin-bottom:7px;font-size:12px}.print-deck .return-bars{gap:20px;margin-top:22px}.print-deck .return-row>strong{font-size:17px}.print-deck .fine{font-size:11px}.print-deck .returns>.fine{margin-top:22px}.print-deck .funding>.fine{margin-top:20px}.print-deck .deal-bottom{border-top:1px solid #34343b;margin-top:24px;padding-top:18px}.print-deck .deal-bottom>p{font-size:12px}.print-deck .growth-heading h2{font-size:52px}.print-deck .growth-heading>div>strong{font-size:64px}.print-deck .growth-chart>.block-heading{margin-bottom:0}.print-deck .milestones{gap:36px;margin-top:14px}.print-deck .milestones>div{padding-top:12px}.print-deck .milestones h3{margin:8px 0 6px;font-size:19px}.print-deck .milestones p{font-size:12px}.print-deck .growth-bottom{gap:50px;margin-top:18px;padding-top:16px}.print-deck .growth-bottom h3{margin-bottom:6px;font-size:18px}.print-deck .growth-bottom p{font-size:12px}.print-deck .growth-bottom .fine{margin-top:6px;font-size:10px}.print-deck .growth-bottom p strong{font-size:22px}.print-deck .source-note{margin-top:14px;font-size:9px}.first-answer{border-bottom:1px solid #dcd3c2;grid-template-columns:1.05fr .2fr .9fr 1fr;align-items:center;gap:24px;padding:0 0 22px;display:grid}.first-answer strong{letter-spacing:-.06em;white-space:nowrap;font-size:clamp(44px,5.2vw,76px);font-weight:300;display:block}.first-answer>div:nth-of-type(2)>strong{color:#125f73}.first-answer>div>span{color:#57575e;margin-top:9px;font-size:13px;display:block}.first-arrow{color:#125f73;font-size:38px}.first-answer .first-runway{border-left:1px solid #dcd3c2;padding-left:40px}.first-answer .first-runway strong{font-size:40px}.first-terms{color:#57575e;margin:12px 0 40px;font-size:12px;line-height:1.5}.opportunity h1{font-size:clamp(42px,4.6vw,68px)}.opportunity .opportunity-heading{grid-template-columns:1.6fr 1fr}.opportunity .section-label{margin-bottom:26px}.print-deck .first-answer{gap:24px;padding-bottom:14px}.print-deck .first-answer strong{font-size:58px}.print-deck .first-answer .first-runway strong{font-size:34px}.print-deck .first-answer>div>span{margin-top:6px;font-size:12px}.print-deck .first-terms{margin:10px 0 26px;font-size:10px}.print-deck .opportunity h1{font-size:48px}.print-deck .opportunity .section-label{margin-bottom:20px}.print-deck .opportunity .hero-aside p{font-size:17px}.print-deck .opportunity .hero-aside>span{margin-bottom:8px;font-size:11px}.print-deck .network-visual{margin:15px 0 22px}.print-deck .network{height:240px}.print-deck .example-strip{padding:10px 0}.print-deck .overview-facts h3{margin-bottom:8px;font-size:21px}.print-deck .overview-facts p{font-size:12px}.print-deck .team-line{margin-top:18px;padding-top:14px;font-size:11px}@media (max-width:700px){.first-answer{grid-template-columns:1fr .15fr 1fr;gap:10px;padding-bottom:18px}.first-answer strong{font-size:40px}.first-arrow{font-size:26px}.first-answer>div>span{font-size:10px}.first-answer .first-runway{border-top:1px solid #dcd3c2;border-left:0;grid-column:1/-1;align-items:center;gap:20px;margin-top:8px;padding:16px 0 0;display:flex}.first-answer .first-runway strong{font-size:26px}.first-answer .first-runway>span{margin:0}.first-terms{margin-bottom:28px;font-size:10px}.opportunity h1{font-size:40px}.opportunity .opportunity-heading{display:block}}.proof-strip{border-top:1px solid #dcd3c2;border-bottom:1px solid #dcd3c2;grid-template-columns:repeat(3,1fr);gap:30px;margin-top:36px;padding:22px 0;display:grid}.proof-strip span{color:#57575e;margin-bottom:9px;font-size:11px;display:block}.proof-strip strong{letter-spacing:-.025em;font-size:17px;font-weight:600}.print-deck .proof-strip{gap:25px;margin-top:20px;padding:14px 0}.print-deck .proof-strip span{margin-bottom:6px;font-size:10px}.print-deck .proof-strip strong{font-size:15px}.print-deck .growth-chart{margin-top:18px}.print-deck .field{display:none}.print-deck .page-footer{border-top:1px solid #dcd3c2;padding-top:12px;bottom:18px}.print-deck .investment .page-footer{border-color:#34343b}.print-deck .growth .source-note{margin-top:10px}.print-deck .opportunity .network{height:226px}.print-deck .deal-bottom{margin-top:18px;padding-top:14px}@media (max-width:700px){.proof-strip{grid-template-columns:1fr;gap:18px;margin-top:26px;padding:20px 0}.proof-strip strong{font-size:16px}}.sr-only{clip:rect(0,0,0,0);white-space:nowrap;border:0;width:1px;height:1px;margin:-1px;padding:0;position:absolute;overflow:hidden}.count-up{font-variant-numeric:tabular-nums}.team{background:#ece5d6}.team-heading{grid-template-columns:1.4fr 1fr;align-items:end;gap:80px;display:grid}.team-heading>p{color:#57575e;max-width:380px;font-size:20px;font-weight:300}.team-grid{grid-template-columns:repeat(4,minmax(0,1fr));gap:54px 28px;margin-top:80px;display:grid}.portrait{aspect-ratio:4/4.5;background:#dcd3c2;overflow:hidden}.portrait img{object-fit:cover;object-position:center 20%;filter:grayscale();width:100%;height:100%}.person-caption{padding-top:20px}.person h3{letter-spacing:-.035em;font-size:18px;line-height:1.3}.person-role{color:#125f73;min-height:36px;margin-top:8px;font-size:12px;line-height:1.5}.person-focus{color:#57575e;margin-top:10px;font-size:13px}.person a{color:#125f73;border-bottom:1px solid #dcd3c2;margin-top:15px;padding-bottom:4px;font-size:11px;display:inline-block}.person a>span{padding-left:16px}.team .closing{border-top:1px solid #dcd3c2;margin-top:70px}.print-deck .growth-chart>svg{height:235px}.print-deck .growth .source-note{max-width:1090px;font-size:8.5px}.presentation:not(.print-deck) .chapter-inner{padding-top:25vh;padding-bottom:25vh}.presentation:not(.print-deck) .opportunity .chapter-inner{padding-top:9vh}.presentation:not(.print-deck) .first-terms{margin-bottom:9vh}.presentation:not(.print-deck) .network-visual{margin-top:13vh;margin-bottom:10vh}.presentation:not(.print-deck) .network{max-height:420px}.presentation:not(.print-deck) .overview-facts{gap:60px}.presentation:not(.print-deck) .team-line{margin-top:7vh;padding-top:28px}.presentation:not(.print-deck) .ownership-equation{margin-top:9vh;padding-top:6vh;padding-bottom:6vh}.presentation:not(.print-deck) .deal-charts{gap:70px;margin-top:12vh}.presentation:not(.print-deck) .calculator{margin-top:14vh;padding-top:7vh;padding-bottom:7vh}.presentation:not(.print-deck) .deal-bottom{margin-top:8vh}.presentation:not(.print-deck) .proof-strip{margin-top:8vh;padding-top:28px;padding-bottom:28px}.presentation:not(.print-deck) .growth-chart{margin-top:10vh}.presentation:not(.print-deck) .growth-chart>svg{max-height:460px}.presentation:not(.print-deck) .milestones{margin-top:10vh}.presentation:not(.print-deck) .growth-bottom{margin-top:7vh;padding-top:36px}.presentation:not(.print-deck) .source-note{margin-top:40px}.presentation:not(.print-deck) .field{height:16vh;bottom:0}@media (max-width:1000px){.team-grid{grid-template-columns:repeat(3,minmax(0,1fr))}.team-heading{gap:35px}.presentation:not(.print-deck) .deal-charts{gap:30px}.presentation:not(.print-deck) .overview-facts{gap:25px}}@media (max-width:700px){.site-header nav{gap:13px}.site-header nav a{font-size:10px}.wordmark{font-size:18px}.team-heading{display:block}.team-heading>p{margin-top:26px;font-size:18px}.team-grid{grid-template-columns:repeat(2,minmax(0,1fr));gap:36px 18px;margin-top:40px}.person h3{font-size:16px}.person-focus{font-size:12px}.person-role{font-size:11px}.presentation:not(.print-deck) .chapter-inner{padding-top:15vh;padding-bottom:15vh}.presentation:not(.print-deck) .opportunity .chapter-inner{padding-top:6vh}.presentation:not(.print-deck) .first-terms{margin-bottom:7vh}.presentation:not(.print-deck) .network-visual{margin:8vh 0}.presentation:not(.print-deck) .deal-charts{gap:40px}.presentation:not(.print-deck) .field{height:9vh}}.business-headline>span{width:fit-content;display:block;position:relative}.business-headline.is-running>span{animation:5.6s ease-in-out infinite business-cycle}.business-headline.is-running>span:nth-child(2){animation-delay:2.8s}.business-headline.is-running>span:after{content:"";transform-origin:0;background:#125f73;width:100%;height:2px;animation:5.6s ease-in-out infinite business-underline;position:absolute;bottom:-5px;left:0;transform:scaleX(0)}.business-headline.is-running>span:nth-child(2):after{animation-delay:2.8s}.business-headline>span+span{margin-top:.08em}@keyframes business-cycle{0%,48%,to{color:#16161b;transform:translateY(0)}18%,32%{color:#125f73;transform:translateY(-4px)}}@keyframes business-underline{0%,48%,to{opacity:0;transform:scaleX(0)}18%,32%{opacity:1;transform:scaleX(1)}}@media (prefers-reduced-motion:reduce){.business-headline>span{animation:none!important}.business-headline>span:after{display:none}}.portrait{aspect-ratio:1;position:relative}.portrait img{object-position:center;filter:none}.portrait-video{object-fit:cover;opacity:0;pointer-events:none;width:100%;height:100%;transition:opacity .4s;position:absolute;inset:0}.portrait-video[data-playing=true]{opacity:1}.person{background:#f6f1e8;border:1px solid #dcd3c2;flex-direction:column;display:flex}.person-caption{flex-direction:column;flex:1;padding:20px;display:flex}.person a{align-self:flex-start;margin-top:auto;padding-top:16px}.person-focus{margin-bottom:16px}.team-grid{gap:32px 20px}.person h3{min-height:46px}.person-role{min-height:36px}@media (max-width:1180px){.team-grid{grid-template-columns:repeat(3,minmax(0,1fr))}}@media (max-width:940px){.team-grid{grid-template-columns:repeat(2,minmax(0,1fr))}}@media (max-width:620px){.team-grid{gap:20px 10px}.person-caption{padding:12px}.person h3{font-size:16px}}@media (max-width:360px){.team-grid{grid-template-columns:1fr}}@media (prefers-reduced-motion:reduce){.portrait-video{display:none}}.first-answer .first-valuation{border-left:1px solid #dcd3c2;padding-left:40px}.first-answer .first-valuation strong{color:#125f73}.first-terms{font-size:14px}.ownership-equation .valuation>strong{color:#b4823c;font-size:clamp(40px,4.6vw,68px)}.valuation>p{margin-top:16px}.presentation:not(.print-deck) .deal-charts{max-width:1000px;display:block}.use-of-funds{background:#ece5d6}.funds-heading{justify-content:space-between;align-items:end;gap:60px;display:flex}.funds-heading>p{color:#57575e;max-width:310px;font-size:20px;font-weight:300}.funds-heading .count-up{white-space:nowrap;color:#125f73}.funds-targets{border-top:1px solid #dcd3c2;border-bottom:1px solid #dcd3c2;grid-template-columns:repeat(3,minmax(0,1fr));gap:40px;margin-top:8vh;padding:28px 0;display:grid}.funds-targets strong{letter-spacing:-.04em;font-size:clamp(25px,3vw,40px);font-weight:300;display:block}.funds-targets>div>span{color:#57575e;margin-top:12px;font-size:12px;line-height:1.5;display:block}.allocation-list{margin-top:10vh}.allocation{margin-bottom:7vh}.allocation-content{grid-template-columns:1fr 1.5fr 1fr;align-items:center;gap:40px;display:grid}.allocation-value>strong{letter-spacing:-.055em;color:#125f73;white-space:nowrap;font-size:clamp(40px,4.6vw,68px);font-weight:300;display:block}.allocation-value>span{color:#57575e;margin-top:9px;font-size:12px;display:block}.allocation-purpose h3{font-size:24px}.allocation-purpose p,.allocation-outcome{color:#57575e;font-size:15px;line-height:1.55}.allocation-purpose p{max-width:380px;margin-top:12px}.allocation-outcome{border-left:1px solid #dcd3c2;padding-left:28px}.allocation-track{background:#dcd3c2;height:6px;margin-top:28px}.allocation-fill{background:#125f73;height:100%}.funds-conclusion{border-top:1px solid #dcd3c2;grid-template-columns:1.5fr 1fr;align-items:end;gap:60px;margin-top:10vh;padding-top:36px;display:grid}.funds-conclusion>div>span{color:#57575e;margin-bottom:16px;font-size:12px;display:block}.funds-conclusion h3{font-size:clamp(25px,3vw,40px);line-height:1.25}.funds-conclusion>p{color:#57575e;max-width:380px;font-size:15px}.funds-conclusion a{color:#125f73;text-underline-offset:6px;margin-top:24px;font-size:13px;text-decoration:underline;display:block}.print-deck .first-answer .first-valuation{padding-left:30px}.print-deck .ownership-equation .valuation>strong{font-size:40px}.print-deck .valuation>p{margin-top:8px;font-size:17px}.print-deck .valuation>span{margin-top:6px}.print-deck .valuation small{font-size:10px}@media (max-width:1180px){.site-header nav{gap:20px}.site-header nav a span{display:none}.allocation-content{grid-template-columns:1fr 1.5fr;gap:28px}.allocation-outcome{border-left:0;grid-column:2;padding:0}.funds-targets{gap:24px}}@media (max-width:700px){html{scroll-padding-top:104px}.site-header{gap:0;height:100px;padding-top:12px;padding-bottom:8px}.site-header nav{white-space:nowrap;justify-content:space-between;gap:10px;width:100%;overflow-x:auto}.site-header nav a{padding:10px 0;font-size:11px}.reading-progress{top:99px}.first-answer .first-valuation{border-top:1px solid #dcd3c2;border-left:0;grid-column:1/-1;margin-top:8px;padding:20px 0 0}.first-answer .first-valuation strong{font-size:54px}.first-answer .first-valuation>span{font-size:13px}.first-terms{font-size:12px}.ownership-equation .valuation{display:block}.ownership-equation .valuation>strong{font-size:54px}.ownership-equation .valuation>span{font-size:13px}.funds-heading{display:block}.funds-heading h2{font-size:40px}.funds-heading>p{margin-top:26px;font-size:18px}.funds-targets{grid-template-columns:1fr;gap:28px}.allocation-content{grid-template-columns:1fr;gap:20px}.allocation-value>strong{font-size:54px}.allocation-outcome{border-left:1px solid #dcd3c2;grid-column:auto;padding-left:20px}.funds-conclusion{grid-template-columns:1fr;gap:28px}}.presentation:not(.print-deck)>main,.presentation:not(.print-deck)>.site-footer{z-index:1;position:relative}.presentation:not(.print-deck) .use-of-funds,.presentation:not(.print-deck) .team{background:#ece5d6d1}.presentation:not(.print-deck) .investment{background:#15151af7}@page{size:A4 landscape;margin:0}@media print{html,body{-webkit-print-color-adjust:exact;print-color-adjust:exact;background:#f6f1e8;margin:0!important;padding:0!important}.site-header,.reading-progress,.site-footer,.web-only,.skip-link{display:none!important}.print-deck{zoom:.877}.print-deck .chapter{break-inside:avoid}.presentation:not(.print-deck) .chapter{break-before:page}}
