Very insightful breakdown, thanks. I do wonder if recent (Covid onwards) trends toward increased home schooling blurs the line between 1 and 3, or perhaps mani

Very insightful breakdown, thanks. I do wonder if recent (Covid onwards) trends toward increased home schooling blurs the line between 1 and 3, or perhaps manifests a new segment that could be meaningful; homeschool pods seem to be quite outcome oriented and don’t have any of the bureaucracy of schools. Also I assume for now they are non-material from a TAM perspective, but interested if you have any thoughts on that trend.