Hey Ben, thanks for participating in this thread. And certainly also for all you and your team have built.

Totally frank and possibly awkward question, you don't have to answer: how do you feel about a16z investing in everyone in this space?

They invested in you.

They're investing in your direct competitors (Fal, et al.)

They're picking your downmarket and upmarket (Krea, et al.)

They're picking consumer (Viggle, et al.), which could lift away the value.

They're picking the foundation models you consume. (Black Forest Labs, Hedra, et al.)

They're even picking the actual consumers themselves. (Promise, et al.)

They're doing this at Series A and beyond.

Do you think they'll try to encourage dog-fooding or consolidation?

The reason I ask is because I'm building adjacent or at a tangent to some of this, and I wonder if a16z is "all full up" or competitive within the portfolio. (If you can answer in private, my email is [my username] at gmail, and I'd be incredibly grateful to hear your thoughts.)

Beyond that, how are you feeling? This is a whirlwind of a sector to be in. There's a new model every week it seems.

Kudos on keeping up the pace! Keep at it!

That feels like the VC equivalent of buying a market-specific fund, so fairly par for the course?