here to explain the goals is brett winton. what are the goals? t: we aim to democratize venture capital. you describe what we are trying to do. anybody -- you can go into your browser and download the app and you can invest $500 today into venture capital. if you think about venture as an asset class, it has been held apart from a lot of individual investors. these are not assets that should require you to be rich in order to invest in them, nor should you have to fill out a lot of pdfs and only be able to get into the top funds. we think that every individual should have access to venture capital. within of their risk tolerance limits. this vehicle provides a mechanism i which they could do so. ed: we have been waiting on this mechanism for a bit of time. our bloomberg intelligence etf analyst has a note out in response to your launch titled, cathie wood's venture fund, burdened by tough timing. let's start with the timing. it has been brutal for both public and private markets, of late. how do you get around that? brett: this is the perfect time