Well, it depends,

right? There are certain industries that realistically might take a long time for an exit time horizon.

So like deep tech, life sciences... likely a longer time horizon.

But at the same time, like if you look at life sciences per se, like usual exit sizes in the past, like five years have been like 500 mil to $2 billion.

So technically should realize by like year seven, year eight kind of thing, assuming you invest in year one.

But there are other industries that are zombie businesses.

And it's sometimes it's better to sell into the next round as opposed to keep holding for the wish that it might be something else because the memo, and I go back to something that Jerry Colonna once told me, which is like, the memo is buy low, sell high, not buy lowest, sell high.

It's the same thing.