Table:
|  | December 31, |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Accounted for at cost, adjusted for observable price changes | $1,750 | $1,250 |
| Accounted for using the equity method | 8,000 | — |
| Total non-marketable investments | $9,750 | $1,250 |
Paragraphs:
Strategic Investments
In December 2019, the Company made a minority investment in a privately-held company, Talespin, Inc., for $8.0 million, representing approximately 13% equity ownership. The investment is accounted for using the equity method of accounting due to the Company’s ability to exercise significant influence.
The Company’s non-marketable investments are composed of the following (in thousands):
Question:
What was the company's equity ownership in Talespin, Inc?
Answer: approximately 13%