First off congratulations to the winners.<p>I have a question about SeedCamp around the signalling effect by participating.<p>So with SeedCamp's model that a round of startup get to go through their program but only a few get funded. What happens to the startups that don't get funded, are they negatively signaled? Almost like how if your current investors don't follow on the next round and they have the money, then it signals to the market that something is very wrong.