What Does a Venture Capitalist Need to Know?

When they said that there was a collective like time stopped in this room and it was like Matrix Bullet Time. What does a founder even need to be? At that stage, it doesn't have a lead. They have their past valuation, which they know is actually a matter of fact. But this next valuation, it's not actually real. I mean, do they even need to bring that up? Look, at the end of the day, it's what it signals, right?