Goldman Sachs Technology conference right here in san francisco. We will hear from technology heavyweights over the hour, including the ceo of gopro, ripple, and Goldman Sachs. The year is set up in a way in which i think it should be very constructive for m a activity and ipo activity. Activity. We have got a very healthy ipo backlog, but we also have an environment for a variety of reasons why meeting should set up to be a pretty good year. Are private market valuations private healthy right now . I think private market valuations have heightened the months. The last 1224 capital has been tighter for private market funding. I would not say that valuations are bubbly. Environment where growth was sluggish, investors were looking for a place where there was growth, and Silicon Valley is a place where there was a lot of growth. You look at a company like amazon, it is growing 30 on when hundred 80 billion of and 80 billion of revenues. These are Big Companies with large market caps. The