Hemant Taneja

But do they have the size and scale to go public in the next 12 to 18 months?

I think they certainly can.

I think there's going to be a variety of factors they'll have to weigh in to decide when they think it makes sense to be public when they're predictable enough.

Because so much is changing in the market itself and the dynamics.

It's actually hard to predict growth.

When we invested in Anthropic, we modeled a certain amount of growth.

The company grew three times faster than that.

So, you know, we looked good in hindsight, but we thought we were just doing a reasonable and, in my opinion, reasonably expensive pricing for that round.

It ended up being, you know, we looked great in hindsight.

So it's hard to predict, you know, how these companies are going to scale for a little bit longer.