Q What do you mean when you say much less fun?
A Turning into an investment manager, primarily as a public company CEO, Is a very different job than being a visionary, product first, uh, first principles business. When you become a public company CEO, everything changes. And I would say in the world we're in now, the kind of capital you can raise, the kind of capital that was represented in the very last discussion, allows you to extend your private life. SpaceX, a private company for 24 years. Um, but the reality is these SPVs that are now emerging because these companies are getting so big is because a market's trying to happen, and a company like SpaceX has done this extraordinarily well. They've run essentially liquidity programs for almost a decade. Because there's so much pent up interest in both being an investor and getting liquidity for some of the reasons that Gavin was mentioning. So I think what we see now is the next phase of this. This Schwab deal with Forge basically says to the world, this is a real asset class. It's more than just secondaries. We're going to put These companies, the company's equity into fund products, into very well-managed, regulated SPV structures, because they do serve a purpose in the market.
AI assessment note: “Turning into an investment manager, primarily as a public company CEO, Is a very different job”