We need to make capital formation way easier for private companies. There's such high demand for some of the large private companies, it's actually a good example of the unintended consequences of higher regulation. Right now, companies are incentivized to stay public for too long. Companies stay private for years, and all the money is made by private/credit investors. When they go public, price performance often isn't great. There's no liquid market setting proper valuations early in the lifecycle. Eventually, you'll be able to go public entirely onchain, which will dramatically lower costs, reduce friction and increase access. Hopefully very soon!(Brian Armstrong)