. >> thanks, kelly and bill. we have gary cone, marc andreess andreessen, and joe lonsdale.lot for joining us fresh off the keynote panel discussion. gary, i want to start off with you because we are here at the conference and there are hosts of publicly traded companies, the usual suspects here, but also a lot of private companies. is this a statement on where goldman sachs sees the next area of opportunity of investment? >> as you know, the technology space is one of the major drivers of the u.s. economy today. technology, energy and power are the role growth industries. our technology franchise is strong and continuing to get stronger. this research conference we're hosting has over 2,400 participants, 500 management teams here presenting their companies. it's one of two or three major events we do every year in the technology space. >> 2014 has already started off as a big year for ipos. a record for biotech ipos specifically. there are a lot of technology companies in the pipeline and i'm wondering if tax return will be the year of the exit. implicit in that is where do