jim coulter is the founding partner and co-ceo of investment firm, $85 billion.. we normally get the opportunity to see you in a very snowy world of davos, but today we get to see you virtually. we should also mention you've got a special announcement, a spac announcement and we're going to get to that in just a minute. i want to get your reaction to this important and historic day, and what does it mean for investors when you think about the markets right now? >> andrew, a few years ago, when we were together, i introduced you to the term tech lash, and as that's played out, it's clearly become part of the markets. i think today we have to begin thinking about the post covid world more deeply, and while the days ahead of us are going to be difficult, in the market sense, we are looking over the hump into what the future might look like. >> and do the markets in your mind, both private and public, look right. you were an early investor in airbnb, huge success of that ipo last week, surprising so many to the point where there are companies in the valley including

the company that raised the pool, they were talking to jim coulter earlier on "squawk box" tpg one ofmpanies that went up over 100%. but this is going to be with us for a long time. a lot of fire power there for the companies that have raised the money in the capital markets and going to have to deploy it and the question continues to be, will you see the quality as so much money chases companies or will they find new places that they come from or new things to do? obviously, not just going to be development stage companies or companies looking from big companies, as well. on and on from there. private equity is a significant contributor to spacs of companies themselves. another route to take their companies public. >> i have on one of the most popular -- >> again? >> i haven't had them before. i recommended them when the deal closed. >> we had them on this show. >> that interview you did was fantastic. you could argue i shouldn't bother except since that time from $3 billion to $30 billion. >> i know you have been focused on mad money and did one piece on it. >> a good recommendation