We're not trying to blast the Internet Fund. We think Ryan did a great job. We admire him and we look forward to seeing what he's going to do next. But in the meantime, I decided to take advantage of some of these changes and some of the questions these changes bring up.

The big picture is that the Internet has completed its first stage, and that is why over the last six months we have moved the dot.com representation in the fund to a broader focus.