"Their [executives] are now starting new companies and these are seasoned operators … They're frankly, aiming higher than the companies that they came from," Anand explained.
"This period of free capital or very cheap capital that resulted in certain design choices that the big companies got built on, that's going to likely not be present in the next year," he said. "I would characterize our market as sort of through little bit of its teenage years … lots of companies are getting created and we're all working together to get to a place where the market is more mature," he added.
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