How Much More Do You Think Valuations Out There Need to Come Down?

Next year is going to be rough for a lot of these startups particularly the ones that don't have a clear path to profitability, right? I think in the past investors were willing to give these companies a really long leash and assume that they would get there eventually But what we've seen more recently is that it isn't always the case. If some of these companies want to ipo, they're going to have to convince investors that once they get up there on the open markets They're actually going to start turning a profit.