I would say from our perspective that it's really about risk versus reward, and these are risky investments when you're talking about scale-up companies. When you change the reward structure, when you change the rewards available at the end of the investment, it makes it that much riskier to do. In that way, it would disincentivize those types of investments.
With regard to the carve-outs for entrepreneurs, in most cases, as we've heard, those don't apply to outside investors in those companies, so they would end up paying typically more capital gains tax at the end of the day.