David Friedberg

Chime, that's a neobank, like NewBank, which is already public.

That was up 40% in its IPO price, but then it went down 20%, $12 billion market cap.

On the other side of the ledge, we have a ton of M&A this year.

So when you look at what's happening under the Trump administration, look at what's actually happening.

The game on the field is three major IPOs and then massive amounts of billion-dollar acquisitions.

Obviously, we talked about Google acquiring Wiz for 32 billion.

SoftBank bought Ampere.

I don't know what they do, 6.5 billion.

OpenAI bought two companies.

one for $3 billion, one for $6.5 billion.

Developer co-pilot, Windsurf, $3 billion.

Johnny Ives, IO, making some sort of a puck or hardware device.

Databricks brought Neon for a billion.

Salesforce did an $8 billion acquisition.

And then interesting, DoorDash bought two companies.

Uber made two smaller acquisitions.

There is a ton of activity here.

What does it say about the market, David Friedberg, that we're seeing today?

So much M&A and these amazing IPOs coming out all within the last three, four months.

You're referring to the Salesforce and the SaaS category, Chamath, and what you're doing at 8090 specifically, yeah?