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Are Private Markets Getting Better Premiums, Meaning Better Valuations?
Is it just because the private markets are getting better premiums, meaning better valuations? What is kind of driving that in your opinion? We've had a bunch of dynamics y the last five years or so that opened up later stage private markets to stay private for longer. But if one of these companies eventually wants to go public, they're going to have to fit into the construct of the public markets and not maybe where the private markets work.