Jordi Visser

But when you're thinking of small companies and their ability to do this, don't think of Russell 2000 public small companies.

entrepreneurs that you meet, that I meet, kids that I know from college that are building stuff.

My son, I'm training him.

Anyone who needs an intern, my son is being trained by me.

I'm literally teaching him how to build stuff on his own.

And everyone who's a young kid is going to have open call way before the agents are rolled out, in my opinion, at enterprises.

to visualize this is let's assume, and I got to convert it into something that they understand, that's easy to understand.

So because so many people have gone to FanDuel and DraftKings and all this, let's take a football game, approximately three hours long.

Let's assume that the game actually took a month and you played for one month straight and a team is up

20 to seven, but with a month left in the game, the probability of winning has not changed much.

It won't change that much.

If the game was a half hour long and it's 20 to seven and there's much time, then all of a sudden the probability of a team winning is heading towards 100%.

The reason I bring that up is that's what's happening to all companies that can be disrupted by software.

So the game of software used to be a three month game.

it's now being converted into a one day game.

And so the reason things drop is because the probability of them being a growth company in three years drops dramatically the second a vision comes out to anyone.

Now, is it justified?

I will say rather than argue as the way a lot of people, particularly ETF people, famous ETF people saying, you gotta buy all software, you gotta do this.

They're not acknowledging what has changed since November.

A lot's changed since November.