Unicorns, IPOs and the next tech giants

Full episode transcript -


I love the code name Microsoft's come up with, apparently for their new surface buds, which is the one of the names that's been tossed around as possible. And this is the code. You missed the potential code name Morris and code names. You know, code names are used to hear a lot of orders on the stone. Okay. Okay. A few rain sound. Wow.


We are D D episode of everybody. Welcome to the geek wire


podcast. I'm require editor taught Bishop and I'm g Choir co founder John Cook. Hey, did you know John that the Seattle area has a new unicorn? Were you aware of this? I waas? Yes, I spotted it running up the hills of Capitol Hill the other day. Uh,


yeah, we've got a new $1,000,000,000 company outreach. And that was one of the things that caught our attention is we were looking at the news over the past week. This is a company that specializes in sales, automation, sales and marketing automation.


Yeah. Essentially, they make sales representatives more efficient and effective in terms of their outreach to client. Okay, Got it. Yes,


exactly. All right. So this is part of a bigger picture story involving I pose here in Seattle in Silicon Valley, a new investor that has cropped up that is invested in two of Seattle's unicorns. And by the way, when we say unicorns were talking about companies that have evaluation of $1 billion or more, it's kind of one of the big thresholds for being a giant start up with the potential to eventually go on and make an I P o. So let's start with outreach. So this is a company run by Manny Medina, who is really kind of a very charismatic entrepreneur here in the Seattle region. Somebody who's


Sex Pistols list, then hard charge in this entrepreneur.


Or how do you know that


he listens to the sex? Because when he was, I think it was up for Entrepreneur of the Year of the Geek wire wards, and we should do a plug. The geek wire words Air coming up may 2nd go to G choir or key choir dot com slash awards s o. He was up for an award, and we did this little gimmick where we rode around in the wave business. Van and I interviewed all of our CEO of the year candidates, and Manny was up for the award that year. And I got to know them quite a bit, driving around the streets of Seattle, talking about everything that they loved, including the Sex Pistols. Now we should ask


Manny what his favorite sex pistol song is. Exactly exactly. So, man, he started this company, and it's grown to a quite a big company. It's evaluation is now $1.1 billion


based on the $114 million venture capital round that came in this week, which is not a small amount of money floating around into this


idea. Not at all. And one of the most interesting parts of this story is that there was a name that cropped up as the lead investor in this round Lone Pine Capital, a Greenwich, Connecticut based hedge fund manager.


Well, I read the story, and I was like, Hoo hoo it, I've never I've even heard of these folks I don't know much about, Um, I started doing some Internet research. Their website has almost no information on it. There's very little out there about them, Um, and so I was very intrigued with who


they were. And we often talk about how some story ideas come straight out of the podcast. We've already actually started looking into this one to figure out who these folks are because the interesting


angle of this So it's lone pine Capital. That's what I said. Oh, did I say loan for I can't use a pirate lone pine tree.


I'm in the Conifer, you know, exact arena. But the interesting thing about this is that they also invested last year in Convoy, which is the on demand trucking start up, which is another unicorn in the Seattle region. And there's more to convoy story that we can talk about. But this was fascinating, and we're trying to figure out and one of the things we're looking into and have a reporter digging into his Why is this company this hedge fund suddenly kind of emerging from nowhere to invest in these two Seattle startups? That's gonna be an interesting one to find out. Do you have any hunters? John?


Well, you have seen alternative asset classes coming into the venture capital arena in a much bigger way, so things like hedge funds, corporate investors, you know it's not just the traditional venture capital firms on Sand Hill Road in Silicon Valley sovereign wealth funds. So there is a whole new breed of capital, which is actually what has sparked the whole unicorn phenomena, really, is that there's this massive amount of capital out there from really large pools of funding sources that wasn't historically available and that money is getting put toe work into the companies like uber and Lift and convoy and outreach so that they can attain a $1,000,000,000 valuation prior to them going


public. I would imagine not to get too wonky, but this must trace its roots toe interest rates, right? And the fact that this venture investing by these alternative types of capital suddenly starts to become more attractive when investments in more traditional types of things might not be getting the kinds of returns that they would want. So they're just trying to take on more risk with the potential of getting more reward.


Your beard. You're right. I actually don't know the strategy behind it. Ah, I would say that they're you know, the venture capital game has been high risk and high reward. And if you can hit a an uber style investment. Um, you could do really well.


It's interesting. Speaking of uber, we've just over the past couple weeks scene lift, go public and uber file. It's s one registration statement, which is basically their i p o papers. It was funny. I was looking at the two of them. If you look at their income statements, uber is super, super complicated. If you look at their profit and loss statement, they've got divestitures and, you know, unrealized gains on investments. Because essentially, Dara,

because Russia he has been cleaning up Travis Kalanick's mess and it. I can only imagine what it's like to be in the accounting department at Uber, but they have much more revenue than lifts, but they have a much more complicated profit and loss statement. Um, anyway, was that was some sort of a side thing, but But the other interesting thing about Uber's s one is they named Convoy one of these other Seattle area unicorns as one of their competitors like


this over a freight. Yeah, I was surprised to hear that because convoy is a, he's still a smaller companies start up, so the fact that they are on their radars. I mean, well, certainly sure, they're tracking them. But to have them listed as a competitors really shows there serious about competing with them,


right? It shows that convoy is a serious company. It's seriously regarded. But at the same time, if you look at convoys investors, you've got Reed Hoffman, Jeff Bezos event the investment arms of a bunch of interesting people. Isn't his Bill Gates involved? And I'm


trying to remember the envoy. I can't remember. I'll look that up. We're talking here, but I know that times


who it's been. Yeah, yeah. They held games as well was involved. Yeah, he's been in one of the rounds. So clearly, Convoy is on the radar of uber as it relates to uber freight.


Well, the other thing that was interesting. The S one for uber I did a search for Seattle and Seattle actually appears now uber does have a growing engineering presence. So that was one of the reasons why I thought they might appear. But do you know why Seattle. I'm just here to find out. I was gonna quiz you. Don't


read it. Don't read it. Assume I just saw something that said jurisdictions. So All right, so what do you think? It related to the regulations that Seattle tried to pass on, right? Sharing?


No, that was That was that was my original. I thought it was going to be that. But


that's not what we actually know. What? He figured it out. Seattle's decision not to allow scooters,


which No, no, no. I'm stumping you again. I'm glad you haven't read. Here it is. Jurisdictions such as Seattle have in the past considered or may consider regulations that would implement minimum wage requirements. Oh, you're yes. For permit drivers to negotiate from their own wages while providing service is on our platform.


You know, who would have gotten that is Monica. She would have known She would have known that was in the S one. Interesting. Wow. Okay, so, yeah, that that is a such a huge issue for uber and in terms of the independent contractor issue, you know, when I took this is complete, were also sold over always place. But when I took ah lifts to the airport, I was surprised. I didn't know. Did you know that some lift drivers And I guess some uber drivers they're driving company vehicles like the company owns them and they essentially use them.


I I have heard of this. There was some sort of leasing program.


Yeah, exactly. Exactly. Anyway, at any rate, the big picture here. It's fascinating that you're seeing this essentially this emergence of the next wave of companies in a couple different areas. First, you've had this series of Silicon Valley companies essentially reached the point where they're going public. Pinterest uber lift, zoom Exactly. And so you're seeing the next wave of public companies come out of the tech industry, and that was one of the big predictions for 2019 and we're actually seeing it happen. So number one, John, you always have a good sense for this. What does this say about the economy? More broadly, that you have these companies essentially reaching the point where they're they become public. Their original investors are able to cash out if they want. What does that signify?


Well, I think there's some pent up demand for it there. It's been a pretty bleak I p O market for a few years, and so some of these companies and at some point these companies that have raised this massive amount of money they need to pay back their investors, and they're really only a couple ways for companies like this to pay back their investors. You get acquired, and if you're of uber sized, there aren't really many acquirers out there for an uber or you go public. And so really, it's a way to raise additional funding, but also to cash out some of those original investors, which they want to get their pay back. And sometimes they have to wait 5 10 15 20 years for that. And it has taken longer for companies to get to an I P. O. Than it has in the past. So yes,

and it's interesting to watch. A lot of these companies are still losing a lot of money, though. I mean a uber What was a $4 billion loss? Um, in one calendar year. So, um, the jury is still out as these companies go through massive expansion, whether they can actually turn a profit on their


business. And that is where you have to look at the operating loss on these companies because uber operating loss in 2018 was about $3 billion. But then if you actually go to the bottom line, the actual net income it was almost a $1,000,000,000 because there selling off operations. And I think Russia and doing the investment in China that they had to change so that that's where, as I was mentioning earlier


over through this night, $987 million net income that they're showing for 2018 is largely because they sold off there. Is that what you're saying there Chinese stake? It


was that and it was changing their investment in China with Deedee is that you say that one and then also selling their operations in Russia Clearly hear uber is gonna be a fascinating I poto watch. And in many ways it's gonna be a litmus test for Dara Khazar Shahi, the former Expedia CEO who came in, tried to clean that thing up. Our investors gonna buy that turnaround story and do they believe uber has really changed? So that's gonna be a really interesting one as they go public.


In many ways, I know uber gets a lot of crap for their business tactics and how they operate, but really it is changing me If I look at my own personal lifestyle on the consumer end, it really has changed my thought process on how I look at transportation. You know, we've moved to a one car family. I use uber and lift now, especially when I need to get downtown. Um, certainly that doesn't equate to the convoy situation. I'm not driving on an 18 wheeler around Interstate 90 or anything, but um, yeah, it was interesting. I don't know. It's just interesting to see convoy in the mix on the on this, that they're a real player.


And it's essentially the maturation of the sharing economy is what you're talking about there because that is essentially the common thread between you catching a ride with somebody who is ostensibly sharing their car with you, when in fact, actually they're working a job. But regardless, then these freight companies with capacity using platforms like Convoy to essentially find people toe to fill it with things. The ship. So what's interesting stuff happening there? And it's also interesting to see the competition between a Seattle company and the Bay Area company as well. We've seen Maur of that recently specifically related to Amazon. Microsoft and apple interesting, and we're gonna talk about that coming up next, you're listening to G choir.


If you speak to any disruptive force and technology, they'll tell you that inspiration from outside of their industry spark some of their groundbreaking at innovative ideas. That's what the Thinktank podcast is all about. Every episode pairs entrepreneurial minds from a variety of industries with an executive from the digital Innovation Group at Providence, which is a health system in digital beater, based in Seattle, Washington. Together, they take part in a supercharged brainstorm session that illuminates areas where digital technology can create meaningful disruption in healthcare, from simplifying the way you make appointments to better serving underserved customers to building personalization into healthcare. Think Tank explores how digital can change the way healthcare operates today. Check out the latest episodes of the think tank on any podcasting platform. The search for D. I G think tank in tune in each month for new episodes in the impact of digital transformation on health care consumers.


Welcome back to G choir. It's


Todd Bishop and John


Cook. All right, John. So we've been talking a lot recently more than we probably should about Airpods because you and I are both kind


of what we're airpods junkies were avid user fact. I have a belief to pick with you


about my teeth to pick. It's called Bone to pick.


I got a beef with you about that. I got a beef with you. You know what? I came over because my airpods finally ran out of, uh uh, did you ever capacity? And I tried to charge on your charging station over there, and it did not charge


my events. Teach his own. You got it. You got to figure that out. Gonna figure it out anyway. Uh, I I love them. I think that they're kind of the stealth product in the tech world that a lot of people kind of dismiss and then realized once they start using them how amazing they are. And I think that the latest news from Amazon and Microsoft only reinforces that belief. Both companies are reportedly working on competitors for the air pods. I find this fascinating in so many ways. First off, this is essentially the next platform for digital assistants. So one thing that Amazon clearly will do is use whatever kind of wireless earbuds. They're going to roll out as an Alexa device. I mean, obviously,

you're going to just tap your year and say, Alexa, and so clearly there's that. But to me, the real power of these kinds of wireless technologies that air frankly almost embedded in your body is that it's the next step toward that human machine interface. And I've said this before, but I am ready for the SD card in, you know, the back of my head. I am. I am ready to meld with the machine mind a machine signed me up. If it's gonna make me better and there aren't any negative


repercussions, yes, yeah,


right. I'm such an optimist. Yeah, but I don't know. I just think it's a fascinating trend. And I think it's one of those products is almost like when Amazon initially announced the echo everybody, Caroline. Yeah, it's not that difference. Not that much better, or it's just kind of weird, and I think over time it's become obvious that this is clearly something where there's, as they would say in the start up world, product to market fit. So so here's my question for you. If you could improve your air pots. Do some market research here for Amazon and Microsoft. How would you improve them? How can how can Amazon and Microsoft make a better air pod than apple?


Well, I know for you. You want a color change?


Yeah. I mean, that's not you know, that's


that's that's not really gonna mix it up. Um, I I agree. I like the idea of becoming a cyborg and having this more embedded into my we're screwed. Yeah, and two of us, because they are still a little bit there. Not as goofy as Google Glass, you gotta admit, but they're a little bit goofy in terms of how they hang in the ears or something that's melds a little bit better if you know, in fact, and this is this is a societal problem that I can remember where I saw it. But there's there are service workers. So waiters, um, barbers, you know, people that are now in the service economy, who are encountering people that are wearing their air pods


and they don't know whether they're


listening. They don't know whether they're listening to music, and I and so is creating this weird dynamic, and I I have experienced this before. Like some. I'll take out one because then that stops the listening, and that shows that I'm listening to you. But it is a little weird, and you can see this this period where people are just locked into their own worlds and not interacting with anybody anymore. You know, there is a negative


to this. The the reason that's happening is because it's much more natural to just leave your airpods in than it is to leave in regular ear ear buds with a wire because they're just there, and it's sometimes I forget that they're in There was like a weight. I have those in. But no, you're so there was a buzzfeed news story, people wearing airpods or making things awkward for everyone else. That's probably what she saw, and


that was similar to the Google glass


situation. Yeah, I guess, although that was just completely awkward, you know, I don't know that


some people


were true believers, true, but I think the issue there was you didn't know if they were were recording or not, right, because maybe that is one way that Amazon and Microsoft could one up. Apple is maybe a little light on there that indicates whether there's active sound going through them. Maybe that could be one way to do it,


all right. They were gonna say, Add video capabilities to them so you can record everything around you. That's, Ah, story toe as your AWS, and then your entire life is recorded.


There you go, Justin. TV. You remember that? Yes, the thing that turned into twitch. Oh, that's interesting because, you know, twitches owned by Amazon and Amazon really hasn't yet embedded twitch into the rest of its product line, which so far is one of those kind of stand alone acquisitions by Amazon as opposed to, like, ring where it's still stand alone. But it's also kind of incorporated into


their support over a story where they were going to use start using twitch or the platform to doom or, like Q VC VC style shopping. Yeah, and they dabbled in that you haven't tracked that too closely,


though They've dabbled in it, but they're not. They haven't gone big on it yet. They've tried a few different things like that. At any rate, you could see, Is there some sort of wearable approach that would incorporate Amazon, Alexa and Twitch. And then the shoes from Zappos like this is Yeah, connected world, baby. Ah, At any rate, I thought this was all fascinating, but it is interesting where it's a bit of, ah, kind of follow the leader kind of situation here,

where Apple has clearly defined the market and all of these other products are gonna be stacked up against it. And, you know, one challenge that Microsoft has in all of this is they don't have their own smartphone platform, although neither does Amazon. But Amazon has the advantage of Alexa and Echo, and you know, that is really one amazing place where Amazon has rebounded. You know, the fire phone flopped, but they were able to take Echo to essentially give themselves a real consumer play for their voice. Assistant Microsoft, the Harman Kardon speaker that they came


out with Cortana that getting out the Xbox and and they've got


could be interesting hundreds of millions of devices running windows. So I mean, they do have that advantage, although e think you need a mobile play to make these things


work. Yeah, that makes more sense. I mean, people have you look at your own usage of it. It's when you're on the go is when you're when you're largely using, uh, these devices. So


and the other big thing is, Apple has the advantage of tight integration with the iPhone and the air pots. And neither Microsoft nor Amazon will have that advantage that neither has there as any kind of real presence on smartphones to speak of. I love


in terms of operating, since I love the code name Microsoft's come up with, apparently for their new surface buds, Which is that one of the names that's been tossed around as possible. I think you missed the potential code name Morris sent


over code names. You know, code names are used


to hear a lot of orders on the stone. Okay, few rain sound. Wow, we are. We're all over.


It is like a D d episode of the wire.


All right, Anything more on surface buds? Miller pods or Amazons entry?


No, I think that's all I got, right? Actually, the one the one other last twist is Facebook is developing its own virtual assistant. And the report at least, is that they're doing that out of there Seattle office, which is interesting because that means that they're able to poach Amazon engineers. And that is one of the fascinating wrinkles from all of these Silicon Valley companies establishing engineering centers here. Is that essentially where Seattle has a strength Amazon.


Why did they all feel they have to jump into each other's markets? Is just because they think that that's the next big thing that's gonna take off. Like as you said, you think, uh, you know, air pods are the potentially the Trojan horse to the next era of computing, and now they all have to pile on there like, can't somebody just go and do something unique and super interesting on their own without no competition? Yes, create a new market. Or I guess Apple did that to some degree. But well, I'm sure true innovation lies, you know, that's always been. Maybe that's what Microsoft's doing with quantum computing, right? Or


they're trying to push the envelope there. And, you know, I think to some extent these companies look at it and say pragmatically, Hey, if Apple gets out too far ahead in this area, it be just like Microsoft trying to catch up in smartphones. It was just too late. So let's try something now. Because, you know, if you look at Facebook and


some like there is, you gotta put a bet on almost all of this stuff to some degree to see how much market attraction there


is. I think that's the approach. Yeah, that Facebook looks at it and says, Hey, if we don't have our own voice assistant that people associate with our platform, we're gonna be seen as behind or potential. We are gonna be behind because people won't be is engaged with Facebook as they could. I don't know. And I got the whole Oculus thing tied into this with Facebook and, um, assistance. And so, at any rate, there's lots of interesting ways that Facebook could use that assistant and I think they just feel like they have to be there. All right, coming up next because this episode hasn't been random enough.

It's the random channel. You're listening to geek wire and we'll be right back. Hey, welcome back to the Random Channel. It's that moment of the week where we talk about all the random items we were buzzing about behind the scenes this week. John. I got one for you. Hit me, Melinda Gates. His new book is coming


out. Having read it. Well, I have I have an advance copy.


I I do have an advance copy. It's called Moment of Lift, and it's really a fascinating book. I won't get into All the details. Will have coverage on G choir when it comes out. And we actually will have Melinda on an upcoming episode of The Geek Wear Podcast sighting, in fact. But she did an interview with The New York Times Magazine, and they asked her at one point during this interview What Something about the tech world right now that drives you crazy.


I did


read this. Yeah. Okay, so


you know what? She's so Yes, there may have been multiple things, but I think I know what she said.


Yeah, so she said she would love to see more tech innovation on behalf of the world. Right now, it's Let's create the next thing that tracks my dog. That's fun and nice. But come on, there are people dying.


I totally agree with this sentiment, and it kind of builds off my comments from the last segment of like, Why does everyone have to go create the next year? You know, earbuds to put in your ears like go do something innovative and creative and unique That's going to solve an entirely new problem.


That is my fundamental issue right now with the discussion of homelessness in Seattle, not the broader issue, but the fact that the tech industry here has an opportunity, I think, to step up and use Seattle as innovation Petri dish for all sorts of new potential ideas. Maybe they could do it through their philanthropic arms, but I think it's key for these tech companies to carve out some of their time. Thio create innovations, used these kinds of approaches that they're using now to develop products, not pivot their entire entire business models, but come up with actual solutions here that could be rolled out in other places. Kind of the Peoria of social issues. You've got the Gates Foundation here path. Fred Hutch, You got Microsoft Amazon. Why aren't these companies and organizations getting together and carving out some time to solve these problems? Using Seattle as the test bed?

I don't know. Maybe we could talk to Melinda about that when she's in. Good question. Yeah. Anyway, the book is great, highly recommended. And, uh, as I said, we'll have a review on G Choir in an interview coming up with Melinda. So what? What's your


item, John? I've got a bunch looking through our random channel and slack here. I really enjoyed Kurt Schlosser's post ski choir reporter talking about a guy who is reading the entire Mueller report out loud and streaming. As of this recording, he was on page 44 on. That was pretty interesting.


I saw this earlier today and I slacked Taylor So per our managing editor and said, How can we learn from this? What could we please? There's something we could d'oh because that was the fundamental problem when it first was released. It's like people are jumping on the radio saying, Okay, I just read Page X X, and I'm you know, now that I learned this and the host says Okay, now go back and read some more. It's like you just sit down and read it. This is brilliant. This is somebody from was if something from box that did this,


I don't know who the person waas Yeah. So innovative. Very


innovative in its simplicity. I appreciate that about it. We'll see where this person where he is by the time people


actually hear this. And Todd, are you a game of Thrones watcher? I am. You are. I've watched us. I didn't


know that. Well, a little bit of a caveat. Okay. No spoiler. Spoiler free zone. Here I


have. What? I'm not gonna get a spoiler for May. I've never


watched it. You've never watched


one scene I tried to watch. Like, half an episode


didn't hook me. So I have watched up to this season. I have not watched any episodes from this new season yet. The last season here did you see James Cordon? What he did to one of his staffers who was like you never had never watched it, made him go in, I think was maybe a Friday morning or Friday or Thursday morning. Whatever it was, he made him watch every single episode back to back of


over Every sin is up


over the weekend. Yes, yes, And like, it's pretty funny. Segment


fella survived this Yes. Massacre of media.


He survived. I don't know that his sanity survive it was pretty hilarious and that there's some key twists along the way where he was. The reactions were great. I'll link to that video in the show


notes. Well, there's a newsletter I really like called Reliable Sources with Brian Stelter, CNN, and he came up with the term or right. I don't know if he came up with himself that he spotted this somewhere. Never thrown Er's this group of people that have never watched game of Thrones and are isolated from the rest of society whose tuned into the show. And I guess I fall into that camp so that kind of resonated with me that I'm a never thrown


er, yeah, I think there's a certain element of that. I've told Monica Monica Nickelsburg on our team, who is, um,


she's just very passionate


about passionate. For a while, she had, ah, game of Thrones dress that she would remember this. It was like the map of the now. Yes, well, yeah, and I've told her Don't don't talk to me about this. I don't want to hear it. She had ah probably giving away too much, but she had, uh ah got luck as she called it for game of Thrones. Potluck for the she's we'll have to get Monica. She talked about this a little bit on our last episode, but,

yeah, she's Ah, she's a big fan. Big fan. I had a great experience at the Mariners game this past week. Mariners


Mobile Park team. How is your mobile park?


You know what I honor? Passport changed. I complained about the, um, color scheme. Just having seen the images. I just thought it was a little gaudy.


What did you expect? We're on the magenta loving. I know. I just


John Ledger, right? Exactly. But But to me, actually seeing them person I liked it. I think it worked, huh? The magenta and the green of Safeco. I think it popped. It was It didn't seem as God e on the inside. For some reason, I don't know what it was. Just work. At any rate, I bring it up because, um, I heard one of the best renditions of the national anthem ever.

Do you want to guess who sang it? Did I tell you? He told me. I did. Are we gonna stop talking before your wands? Wands from? He's He was essentially the thrift shop guy who said the bad word in the Macklemore song. But turns out he is. I've never heard him actually sing. And, you know, sometimes those national anthems, it's pretty painful. It's pretty. And he was just on it. It was the only bummer was,

it was a Monday night game, and it was cold. And I think there might have been 5000 people in the stands, and I can't find a YouTube video of it, unfortunately. But God wants he should be singing it more. And, you know, he worked a tableau for a while. Yes. I don't think he's there anymore. But at any rate, that that that was another random item on my mind.


All right. I think we've random. I've gone random


out. We're completely randomized. Hey, before we end a quick reminder. The geek wire awards air coming up. May 2nd in Seattle. You can still get your tickets. Although things events sells out. Yeah, get him. Quick geek, wired dot com slash awards. As of right now, voting is still


on now. Voting will have closed by the time you hear this. Okay. All right.


Well, as of the time of this recording,


it's going on correct. But it will be over by the time people are listening. But


you can still go and it's a goal. Attempt enough shop and also coming up in early June.


The Geek Wire Cloud Summit.


And you can check that out at square dot com slash cloud Summit All be interviewing Kevin Scott, the CTO of Microsoft, to kick things off. He's a fascinating guy. I've been getting to know him a little bit more over the past year, and other speakers


include Ah, the co founder of Slack, Cal Henderson. I'm very interested to see his stock, given the fact that we're pretty heavy duty slack users. We will have our C e o C I O panel back a CEO panel, a venture capital panel and also talking and going pretty deep in three tracks on Artificial Intelligence, Dev Ops and Cloud Migration. So it's for the big tech nerds out there in our audience. That's right. It's our big technical conference of the year. That's the Square Cloud Summit coming up on June 5th, and you can find out more require dot com slash cloud summit. Hey, thanks for listening.

powered by SmashNotes