Until UIT came around, I sort of had the impression (valid or not) that there wasn't experienced based knowledge transfer happening here. I think private investors are always better than gov investors because they have real skin in the game. Uhma achieving what he did was fantastic because he becomes a proof of concept that we can have the IT hits here as well. I've been to Silicon Valley. They don't have anything different in their caffeine than we do. They just pay a heck of a lot more per square foot of office space - and have access to huge funds where a million bucks here or there is just a scratch ticket. ;) So I see UIT as a turning point here. If we're crossing the chasm, they are the ones filling up the jet packs. We just need their alumni to turn out a few significant hits. Colin and Brian of Phased.io are extremely talented, and my money is on these guys. Without evening considering their biz strategy with phased.io, Vegas odds are on them breaking out. If this one doesn't take off, they have lots of pivots in them. Marcato seems to be a shining star now as they made a move into Enterprise that seems to have paid off and are apparently heading towards profitability fast. Spark CB did cover a diverse range of ages. So that one seems independent of age. However, it is also capped. If you don't get the top award, you have to be extremely strategic with the funds. ;) However, I'm never going to count anyone out of the game. Technology isn't going to favor youthful participants as much as it did in the past. Each generation of technology becomes more accessible. As that happens, the time required and friction of getting up to speed is lessened for all participants and the young start to lose some of their advantage in that regard. The dynamic will change. But key is that each person approach opportunities best suited to where they are positioned, be it age or any of the multivariate factors.

Chris, where are you finding a 40 limit on funding?