We aim to be conservative in our financial modeling to avoid surprises and ensure we can exceed expectations.

We have been successful because we are good at forecasting and do not overpromise, which has helped us maintain strong investor confidence.

We want to forecast how things are going to go and at what speed, knowing that the median outcome for such forecasts is often being completely wrong.

Our experience taught us to be conservative during optimistic times and optimistic during fearful times, ensuring we always had enough runway to survive for more than five years.

During the 2019 period, we learned that capital might be very hard to come by for an extended duration, which shaped our conservative mindset during optimistic times and our optimism during fearful times.

We are investing with the belief that all incumbents will be disrupted by new technologies, leading to a complete overhaul of existing markets.

Most people are too risk-averse, leading to advice that favors conservative paths rather than taking calculated risks that could lead to greater rewards.

The waves of trends like Web 3 and AI are observed, but we don't abandon our long-term vision of building the next Oracle; we just make short-term decisions that won't conflict with it.

I'm breaking our tradition to share our point of view on the current economic and market situation.