this decision to do this? >> Just go back to you like why did LPs, you know, starting with with Swensen and everyone else, like why did they start investing in venture capital? And fundamentally it wasn't because they thought they could beat the Nasdaq or the index by like three percentage points a year or five or whatever stupidity. Like it's because there were there situations where venture capital could drive these insane multiples on invested capital. Like that's from a financial perspective, that's what they're seeking.
And fundamentally it wasn't because they thought they could beat the Nasdaq or the index by like three percentage points a year or five or whatever stupidity.