Steve Perricone: Where is the biggest cost in the price of a gallon of fuel? It’s the feedstock or the raw material. If you can solve waste problems, can you lock up that raw material for free? Yes, you can. If you can get that for free, can you be the low cost producer of fuel? Yes, you can. Host: But that's one of the reasons why the people who care about the environment are upset with the first generation biofuels company as well, right? Because it cuts down rainforest in order to grow... Steve Perricone: And they're driving up food prices. And so we're considered really a second-use feedstock whereas the fats, oils, and greases that we convert into biodiesel really have no other use. They're being landfilled, or incinerated, or otherwise disposed of today. Host: So are you in the fuel business or in the waste - what I get like a remediation or what would you call... Steve Perricone: We view ourselves really as a waste water treatment or remediation company with biofuel or biodiesel as a revenue generating byproduct that we use not only to continue to drive the company forward and give great returns to investors. But also, to incent those that have those waste streams, through a profit share to give us those waste streams for 10 years. Host: So what attracted DFJ to invest in this folks originally? Jennifer Fonstad: So DFJ was a very early investor in clean energy and we think about clean energy as scarce resources. And so we've looked at a whole host of different areas where we're trying to identify how to better extend scarce resources, and solve some of those problems fundamentally. One of the exciting things that we thought about BioFuelBox was really fundamentally about that feedstock and the opportunity to take advantage of eliminating wastes on a fully distributed localized basis. So waste is expensive to get rid of, it's messy, and it's fundamentally local. It's distributed all over the United States and it's a local business and folks h...