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Is the Network of Factors in Play?
When a correction happens, it is like overnight. People don't realize how quickly it literally is overnight. We saw this actually during covid i think, you know, there's a micro vintage in, i'd say, april to july roughly of 20 20. You could still raise, but valuations came down. And so that's theway i see it. Ai think for for our fun three, which is happening now, i think it does, it has created a rise in valuation levels.