What are you seeing kind of from your perspective on the ball field right now?

Yeah.

The most interesting aspect, I mean, there's a lot we could talk about.

I'd talk about the most interesting thing from our point of view being this kind of barbell approach to the early stage ecosystem.

And so where we sit and where we invest is really at the seed stage.

And there's really kind of two trains of thought that are occurring in real time.

The first is what's happening, as John has alluded to, in the AI sector, right? We've all seen some of these massive deals that are getting inked for AI native companies.

So what are you guys kind of seeing on your end?