Talk about those experiences and what you learned.

Well, I'd like to not be a four-time entrepreneur, so I'm really hoping this, the third time's the charm.

So, you know, I had three stops along the way prior to Case.

My first was, of course, as a financial advisor, so I sat in your seat.

And, you know, all these lessons I'm going to kind of share with you, of course, are only able to be gleaned with hindsight.

You never really think about it in the moment.

But as a financial advisor, we had to build a book of business.

Getting your opinion on AI for everybody in the room, what's your take on the macro state of AI today?

How do we improve that?

I think that, I think before we go to education, which is a huge topic, and I'm glad you brought that up, you're exactly right.

You know, the, for a very long time, alts kind of lived in a off-grid way, you know? The same way that your Schwab account doesn't reflect a property that you may own, it was kind of almost the same parallel to that.

But with Case and our integrations and our technology, we've been able to have, you know, effectively integrated reporting.

So when you get your statement, it will show a private equity fund that you invested in.

Um, but on education, which is really the name of the game, a decade ago, we kind of put the flag in the s- uh, in the ground and said, "We're not gonna be a platform that's not gonna lead with education." Um, education is fundamental to understanding what the risks and return profile of the, uh, the product are.

Um, scaling education across firms that have many advisors is important from a suitability standpoint.

What's your takeaway now that you've listened to a bunch of conversations, held a bunch of conversations, and talked to a lot of the folks that have come through here?

We, like, a week from when this is being recorded, we're having a sports fest and, like, we do all these different things 'cause we care about our employees and we want to be a great place to work, so.

so.Sure. And this is, uh, probably a good point of departure, right, uh, into the, uh, the report that you wrote about the state of IT staffing, right? Because I think there's a perception or prevailing headwind that I think people are talking about, which is that, you know, software development, software engineering as a human is becoming, uh, let's just say it's a dying career, right? Because AI apparently can write [laughs] all the best, world's best code and, you know, avoid all slop and just, you know, remove the need for actual humans who, uh, who are required, typically, to build software.

So let's double-click on that.

Um, there's been a lot of displacements, right? Oracle, uh, being one of those that I can remember.

Uh, developer jobs are projected to grow 15% through the next sort of 10 years, but 74% of employers say that they can't fill their tech roles.

So both are kind of true at once, right? So how do you hold those two facts in the same hand?

We feel guilty if we stop, you know?

Yeah, exactly.

How big is this going to get? Look, we're in the early

innings.

You know, Case was founded 15 years ago, and I still feel like we're in the bottom of the first.

Scott, you have to just kind of put in perspective, 80% of companies in America with revenue over $100 million are private.

How can investors participate in the growth of the United States economy if they're not actually allocating to private markets? You also take a look at the public markets.

25 years ago, 7,000 companies listed.

Today, 4,000.

How much do you still need to educate people on what we're actually talking about here?

So how should we be thinking about this now?

Yeah, first of all, thanks for having me back on.

You know, 15 years ago, we built a platform that connects financial advisors across America, with some of the greatest alternative asset managers.

And we've been providing a bridge for those two communities to be able to invest, learn, and allocate to those strategies.

And you're absolutely right.

Alternative investments, just simply due to the fact that they are illiquid in many cases or have long-duration liquidity, they're not volatile like the equity markets are today.

It's too early to tell.

What do you think?