Bill Taranto

And we were able to manage our portfolio in the downtime.

It was okay.

Did we take some down rounds?

Yeah, but at least the company's still alive, right?

We didn't take those round where the company was totally recapped and nothing left or you're wiping everybody out.

or we did flat rounds, you know, and we were able to manage debt very well.

And probably because we were very disciplined around how we invest.

And again, that's sort of the idea of being good stewards of the money and not overpricing and overpaying valuations.

So I think that was one of the biggest lessons learned.

I think the other, and you mentioned it at the beginning of the question, is the move from these points to some more platform.

And you really have to think about how these platforms drive what the future looks

of where healthcare is going, right?

It's not the small point solution.

I think people have started to realize that you're not going to survive as either an entrepreneur or even investor if you're only thinking about this one point solution that you're going to exit in some amount of time.

What you have to figure out is where does it fit in the broader ecosystem?

Where does it fit with maybe another company?

And how does it solve a broader problem than the one-off problem that you started with solving?

And I think that was the other big lesson everybody learned

The one good thing that came out of all this, though, every market needs a recalibration.

And I think it was good that we had a recalibration or resetting.