Why should retail investors feel confident in investing in venture capital amidst broader economic slowdown? Does ARK believe this is a good time to get capital to work in venture deals?

We believe the current valuations present an attractive entry point for innovation broadly. According to our research, disruptive innovation will create more than $200 trillion in global enterprise value during the next decade. Startups and venture capitalists are likely to capture a significant share of that value creation.

Additionally, our public-private structure allows us to take advantage of occasional arbitrage opportunities created by significant valuation dislocations.