Arovast Corporation

And we're just going to say it's because of the marketing, right? Oh, yeah, go broke.

Index now leans more heavily toward chip cloud hardware and cybersecurity.

After falling 80% from its record high, Nike be removed from the Standard & Poor's 100 at the end of this month, ending a near 18-year run in the index.

stock has now erased $230 billion in market cap, since its all time high, a collapse for the history books.

This week, it's time for security money.

The index is exploding upwards as the markets continue to climb.

Both the index and the Nasdaq hit all-time highs last quarter.

But first, we welcome John Willis, author, researcher, and technology industry veteran, to discuss AI's impact on fundraising.

Business Security Weekly starts now.

And what happens with the – I use Google Finance to do all the calculations.

It goes back and it retrofits the share price post-stock split.

So there was a little bit of cleanup to do, but nothing else really changed at all in the index itself.

This week, it's time for security money.

The index is exploding upwards as the markets continue to climb.

Both the index and the Nasdaq hit all-time highs last quarter.

But first, we welcome John Willis, author, researcher, and technology industry veteran, to discuss AI's impact on fundraising.

Business Security Weekly starts now.

It has not moved, but I did have to adjust for two stock splits, both Palo Alto Networks and CrowdStrike had stock splits.

And what happens with the, I use Google Finance to do all the calculations, is it goes back and it retrofits the share price post stock split.

So there was a little bit of cleanup to do, but nothing else really changed at all in the index itself.

This week, it's time for security money.

The index is exploding upwards as the markets continue to climb.

Both the index and the NASDAQ hit all-time highs last quarter.

But first, we welcome John Willis, author, researcher, and technology industry veteran, to discuss AI's impact on fundraising.

Business Security Weekly starts now.

Mm-hmm.

Both Palo Alto Networks and CrowdStrike had stock splits, and what happens with the, uh, I use Google Finance to do all the calculations, is it, it goes back and it retrofits the p- the share price post-stock split.

So there was a little bit of cleanup to do, but nothing else really changed at all, uh, in the index itself.

And I'm sorry to just jump in there, but you look at how the royalty sector and streaming sector breaks down by size.

There's certainly... know wheaton and franco nevada and royal gold at the high end and then or triple flag but after that there's a pretty meaningful gap in that kind of three to six billion dollar market cap range i think there's a real opportunity kind of in that missing middle uh to be able for uh you know a fast-growing mid-tier royalty and streaming company to be able to provide the benefits of scale which is the Index inclusion, strong cash flow, high liquidity, but also the meaningful year over year growth.

You know, Versamount has certainly demonstrated that year over year growth and being able to kind of fill that missing middle, I think, is a tremendous opportunity for the smaller mid-tier royalty companies.

Absolutely, it is.

And then how did the, to fast forward a little bit, how did the merger with Scream? So

basically there were three of us, At that point, there was Video Island, and I managed to raise money from Index and what was then Benchmark Europe, now Balderton.

And I raised money at Index from my friend, Danny Reimer.

So Danny and I had met each other in Boston in 94, 95, when he was an analyst at H&Q and I was at the spin-out from MIT.

He and I came back to London at the same time, 2002.

He was setting up the Index office.

So this Video Island became his first investment.

He introduced me to George Coelho, who was one of the partners at Benchmark Europe.