What are the macro trends that are causing frustration in the private markets?

Certainly. If you look at Amazon -- everyone loves using Amazon examples, so I'll go ahead and use that. It went public at a little bit less than a $500 million market cap. And as a private company had only raised about $8 million in capital. And that meant that the retail investors -- not just retail, but even retail and institutional investors -- the public markets can take part in an incredible amount  of upside. If you juxtapose that to someone like Uber per se, and that company went public at a $82 billion valuation, so even if it was a trillion dollar company, you're only gonna to see just over 13 turns, versus the path from Amazon to a trillion, there's many, many more turns than that obviously. So that's one part of the macro aspect. And the reason why that's happened is because the institutional investors  have said, hey, there's all this alpha being generated in these late stage private companies, and we just care about alpha. So whether it's public or private, we don't care. We just want to put our capital to work into the businesses that are gonna yield the biggest outcome.