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You're now plugged in to the Delphi podcast. Everyone. Welcome to the Delphi podcast. This one's IRL one. This is day five of our retreat in Montenegro actually, And we just finished sessions. And basically, this weekend, we're just gonna be hanging out with a team. The way we think about our retreats, which we try and do every year, and sometimes we do that with mini retreats within teams. But the last big one was actually in 2022 when we took the whole team of Greece and actually to the Oracle Delphi, which we're named after, even though we pronounce it Delphi. The main purpose of these retr
You guys can start.
Yeah, yeah, for sure. So Delphi research and consulting, the way you can think about this business is and and by the way, consulting has been a big part of Delphi since we first got started because we started you know, all of Delphi basically started as a research firm back in 2018. The first thing was a research subscription product. Right? To be honest, first year, no one really paid for this research subscription. I've talked about this on on a lot of pods. We've told this story a lot. But the way we actually got kinda bootstrapped ourselves was by doing a a lot of consulting for, you know,
Much sleep. Yeah. Yeah.
That's why he's wearing sunglasses.
Yeah. I was really impressed with the consulting team. I also think Applied Research is is a way better way better brand and also more accurate as to to to what they're doing. Definitely. And, yeah, they have some really impressive capabilities now, I think it's gonna be cool to plug those in across what we're doing. Yeah, on labs, we started off, like Anil said, doing actually this consulting. So at the time, research couldn't really pay the bills. You kind of shared that already. And so consulting was the way was the way we did the supplied research in order to to help supplement that a litt
Maybe a little bit on Legion, a little bit on Metal X?
Yeah, the Legion guys are here, actually. It's been awesome. I think the team has just been blown away by meeting Fabrizio and Matti. But yeah, go ahead. Yeah, Fabrizio's a machine.
And I said this today with incubation acceleration, because both Jan and I would say split our time between labs and ventures, so we get exposure to both. And the thing on ventures is you're trying to find fully formed founders that are just the top of the of the food pile and who would succeed without you with or without you. Right? And you're just trying to back them and and generally leave them alone to do their own thing. Whereas with incubation or or acceleration, you're generally you're you're generally trying to find people that you think have the potential to become that that founder,
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