No, but I think we saw the start of a correction for that in 2022 and 2023. One which the emergence of AI sort of interrupted in a way that feels muddy. A lot

No, but I think we saw the start of a correction for that in 2022 and 2023. One which the emergence of AI sort of interrupted in a way that feels muddy. A lot of startups still are trying to avoid raising down-rounds because of valuation used to raise money in 2021 that were unrealistic. For startups that seems like it is still one of the major issues that will come to a head. Particularly as it becomes clear AI is not yet mature enfough to empower the kind of growth without headcount people are projecting for. The 11X story last month seemed like a leading indicator we were starting to see AI’s real vs touted ability come to a head, but not sure where that goes in light of tariffs.