Scott Galloway

Existing investors take companies public when they only have run out of what I'll call rational investors.

And that is they say, okay, who is willing to continue to bid our stock up?

Let's now go to the retail markets.

And most of the juice has already been squeezed.

Most of the upside has been captured by the private markets, which mostly consists of institutional investors, which only exacerbates income inequality.

So we want retail investors...

to have more opportunity to access the private markets.

At the same time, we want to not protect – well, yeah, protect.

We want to make sure that there's not a lot of widows and orphans investing in fraud, fraudulent companies.

And one of the reasons the S&P trades at such high multiple is that there are reporting requirements that largely starch out the fraud.

There just aren't a lot of Enrons in the S&P, right?

So what about –

Embracing new technologies and doing something along the lines of the following, creating a tokenization of, say, companies doing over 10 or 20 or 30 million in revenue or maybe smaller if there's a technology or recurring revenue component to it.

You issue a token, which is essentially, you know, a million tokens equals one million to the ownership stake of it.

You put it on the chain and you have AI basically tap into the APIs of the bank account, the receivables, a bunch of key information flows within the company.

If you want to do this, you have to...

let AI tap in.

And AI, every moment of every day, issues a compliance ranking or a smell test that says, this firm looks very legitimate from everything we can tell using AI as opposed to regulators or reporting requirements or earnings calls, or it doesn't, and give investors everywhere 24 by 7 access to this tokenization or

access to private companies globally.

So tokenization with some sort of AI-driven compliance that issues some sort of rating.