Tim Byers

And I'm just going to maintain here, Travis, that I still think enterprise software is the single greatest distribution mechanism for AI technology and features.

I think that is true.

It doesn't mean there isn't going to be disruption.

There will be disruption.

But if you are an enterprise software company and you have AI that is delivering for customers and you can charge for it, I think you're probably better off than the market is giving you credit for.

Datadog proved that this quarter.

Dan, what stuck out to you?

Yeah, that's true.

And you have to wonder, it's the difference between an organic, innovative, like it comes from the ground up, versus a bolt-on.

If it's a bolt-on, it doesn't really work.

Now, what both ServiceNow and Salesforce have working for them

is data inside their systems, and you can build around that.

But it is going to be interesting, Travis, to see not only the startups that are building from the ground up, but also the incumbent companies who are building new features from the ground up.

I think the latter is going to be really, really interesting to watch.

No, I think it's going to be totally different.

By the way, what I love about this, there's something internally we do on the investing team.

It's something that Bill came up with.

I'm giving Bill way too much credit right now.

Yeah, we can't be too positive about Bill.

This is very, very uncomfortable for me.