Spencer Rascoff

So if we detect a fake account on one app, we take it off of all the accounts, all the apps.

So that also improves trust and safety across the whole portfolio.

We don't take kindly to promotional or fake accounts.

Yeah, there are some startups that try to do that.

Yeah, there are.

We don't allow automated scrapers or auto swipers or those types of things.

So when we find out about those, we take them out.

Oh, boy.

Yeah, it's... I mean, we do...

This is what makes LA LA.

A couple years ago, when creator economy was booming, even...

crypto was, was, you know, you know, LA had a crypto moment and NFT moment.

Um, and then also when direct to consumer and like celebrity food and beverage brands, those types of things, when DTC was, was hotter, I think LA was booming even more.

And clearly we've lost a little bit of market share and mind share to the Bay area as this boom has happened.

So it's a bit of a bummer for those of us in LA, but, um, you know, we're, we're, uh,

A SpaceX or Anduril IPO will be massive.

Service Titan was a nice moment.

Obviously, the Honey exit was a nice moment.

But once SpaceX gets public, I think that will be pretty amazing for the ecosystem here.

Obviously, some of it's moved to Texas, but there's a lot of Pentep wealth, which will become recycled into angel investments into the rest of the LA tech ecosystem.