Rory Driscoll

I mean, let's run through the logic here.

If they haven't raised the money, they would have run out of money.

That would be dumb.

Once you need the money, you're going to raise it at a market price.

So I thought what you said is, look, there's pros and cons to that.

You get the buzz, you get the momentum, you get the employees, you get to compete in a world where other people are doing it.

And in return, you pay this weird one-day tax.

the day you exit, which is you've just had a heroic, world-changing, life-changing event, and then you just feel weird.

But given what's on the field, there's no way to avoid that because you had to raise the money in 21.

Therefore, you did market price at the time.

The bad feelings last for a day.

The $5 billion lasts forever.

So you'll get over it.

Yeah, I mean.

They probably did because, look, it's the sin of extrapolation.

The growth rate was probably 200%, 300%.

You extrapolate.

I mean, it's the age-old truth.

Most of these quote-unquote insane valuations can be explained actually by the early comment, provided I keep the growth rate up for two years.

then I will have grown into this valuation on a revenue multiple basis.