joining me for more on this now ask are barrett daniels, duncan davidson, and our own leslie picker who's been following this story all day as well. duncan, your thoughts? what does this tell us about the state of public and private markets? >> the market is healing the ipos are red hot i would say uber and lyft are anomalies. they are one off deals that were kept off the market too long and have issues. whereas what we just saw this week, this is a time to go public >> these markets are forgiving but one more point before i move on, you're saying uber and lyft were kept off the market too long you think that's the takeaway from all of this year's ipos so far? >> i would hope so back in the '90s, i had two ipos we got out much quicker. these companies should be public zuckerberg said he wished he'd gone public earlier. look at uber it's a massive huge cap company when it goes public. that's not a god thing it should have gone out two or three years earlier. >> at a certain point you say wait a minute. what's the business model? are we going to get to that point of reckoning they get a hon