Q the world is weird today. And I want to hear from each of you, starting with Arun, one to 10, just how is, how, how is SaaS doing? Look at public companies, look at the earnings for Okta and Salesforce and Zoom and your own portfolio. How's SaaS doing one to 10? And then how is SaaS investing one to 10? Like, where are you on the one to tens?
A I think, uh, if you look at some of the, and we might have some debate about this, but if you look at some of the recent company earnings and just looking at our portfolio, I'd say SaaS companies are doing probably about a five to six, but the trend line, especially over the last quarter or two, and what we can see over the next quarter or two is mixed to down. Uh, we have been super conservative on investing. And so we've made one growth investment this year. And so one this year, wow, one this year, and that's down from about 20 from last year. And so, uh, our investing pace has slowed significantly from the start of the year. And so I think our investing probably preceded some of the results that are coming out. And so, you know, from a investing perspective, I'd probably put it at a two to three right now.
AI assessment note: “from a investing perspective, I'd probably put it at a two to three right now.”