Jason Lampkin

And it does happen.

We've all invested in a company and often it's a company that like plateaued and then reaccelerated.

The CEOs find a way to hire through that plateau, right?

That crappy six months.

So we've all seen it, but you better not pray it's there because you like the product or

Or you like how you used it in 2023 because it's brutal.

Well, I think it's going to have a drop.

Notwithstanding Bill Gurley, my personal view is IPO should be engineered.

Things matter.

Just like the start of the conversation on Brexit, it does matter to feel good.

There's a lot of benefits to feeling good about the IPO.

I think it won't.

But I do think the interesting question is, maybe this is what you're asking in a sense, Harry.

Rory may disagree, but in a sense, this is a capitulation by the investors saying we're not getting back to that $3 billion valuation or $2.7 billion valuation.

of years ago.

It's okay.

We need liquidity.

There needs to be an exit path.

No one's offered to buy us for a good price in the last three to four years, or they would have taken it.

So it's time, it's time boys to IPO.