No actually a very good idea of what VC companies 'do' thanks. 'VC' companies don't 'do' anything specifically, they 'are' investors that will look to make the company seem as profitable as possible in as short a time as possible and then either go public or sell it on for a big profit. And how the hell is training cyclical? Now that OATs training is USA/UK split is isnt at all cyclical nor seasonal.