ye just introduced workda ventures. still hang out with my buddies at greylock to see what's coming down the pike. and we organize around small teams. emily: you are organized around what's happening on both the public and private side. what you think about what's happening with -- what do you think about what's happening with volatility? aneel: i don't worry about it much. stock prices follow revenue and earnings growth. you have to take a long-term perspective. i think there has been a disconnect between the private and public markets. the private markets have been less rational. maybe with these corrections, the two will come closer together. emily: what does a shakeup look like on the private side? do you see down rounds, delayed ipos? aneel: both, and a lot more in the way of merger and acquisition activity. there are probably folks out there that salesforce and workday would like to acquire. maybe with this correction, they become more attractive. emily: what areas are you interested in? aneel: core technologies,