most companies, like i mentioned when aol went public, used to apple and genentech and intel, hewlett-packard, a whole generation of companies that led the '70s and '80s and '90s when they were relatively young in their life cycle, used a public offering as a way to access the capital necessary to drive their expansion and growth, which fueled the creation of in some cases hundreds of thousands of jobs. that's the way it was. 20 years ago, 80% of the public offerings were under $50 million. lately it's been under 20% under $50 million. it's trying to create an on-ramp for these younger capitals to access capital for a limited period of time, until five years, that they're able to go back to the markets that we had that were robust 10, 20 years ago. there were some abuses. when people make investments, whether it be an ipo or investment company, some of those companies will fail. that's the nature of capitalism and risk. the key is have we struck the right balance in terms of protecting the downside, in terms of responsible rules around funding platforms, how they're regulated, and making sure