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One of the frameworks we use at TDM is what we call " Good, Better, Best" and thanks to Jess Bell-Allen, the below walks you through this framework as it relates to medical devices. This framework has dual purposes for us at TDM. Often we will share them with portfolio companies to help shape their strategic thinking, but also they can be produced in industries we might want to be building our own capability and muscle on. We make investment decisions collaboratively and as a team, and so often as generalists, these frameworks really help not only get people up the curve on an industry or business they might not know much about, but also allow for a better discussion as opportunities arise. In this case, Jess did a deep dive on Medical devices, and under this framework as you will see, it is really easy to get a sense of what are the key ingredients that go into making the good and importantly great companies of the category globally.