So I mean, what's your take on the hype cycle at the moment?

Maybe a few observations that I'd share.

And the first is, and I'm going to come back to it at the end, I think we're living in this world where it's very binary, where people are like, you're public or you're not.

And I actually think we need to live in the world as it is, where that is a spectrum.

And we should think about making sure our regulations and our product sets in the markets can move among that spectrum.

And I'll go back to that, across that spectrum.

I'll go back to that in a minute.

Do you have it tattooed anywhere? Is it written down like on a big scroll? Tell us a little bit more about what you're working on right now and really what you are seeing as the future.

What is it that the leaders, the executives kind of come to realize that they underestimated in terms of after the decision has been made?

You know, obviously, every company is different.

They're a leadership team.

Their capital structure, their narrative, their strategy, their timing in approaching the market as well.

So there's kind of not a one-size-fits-all answer.

But I'll tell you the attributes of those CEOs that are successful and those leadership teams that are not necessarily successful in coming to the public markets.

I would say on the successful side, the CEO has to know the numbers, Cole.

And so in today's world, where do you see the biggest gap that that's a real concern?