Adam Leventhal

Um, they have raised an absolute mountain of capital.

Um, unlike in the.com boom, the.com boom, these companies were all public.

So when they, when they kind of fell apart, everyone knew they fell apart because they were public.

I think that you're going to have these, some of these companies that are private who've raised a ton of money, they're going to kind of do a clubhouse, um,

where Clubhouse raised a ton of money and then just kind of like quietly, I mean, I don't know what they trickled it down.

I mean, you recall that Clubhouse raised a huge amount of capital and I don't think we really talk about Clubhouse very much anymore.

I think that we're going to have this same effect on some of these companies.

OpenEvidence, I'm less convinced about.

OpenEvidence is aimed at docs.

But Harvey, I think, is just going to be emblematic.

I think Harvey is the pets.com of a coming AI correction where Harvey's going to bust out and everyone's going to be like, no, no, we knew that one was crazy.

And so this is not going to be a full-on AI bust, I don't think.

But I think in a year, we will have some, and there'll be a different nomenclature.

And Adam, because this is one of those things, and I know you remember this.

Remember when we called it the correction and not the bust?

There was this very brief period from April 2000 to November 2000 where we called it the correction, where pets.com had blown up and a bunch of these others had blown up.

But not Sun, not Cisco, because, you know, we're the picks and shovels and all this other kind of like nonsense that we told one another.

And then you rise like, oh, no, no, it's not a correction.

It's a bust.

I think that we will have a different kind of name.