Public companies seem to be coming back to earth, but I'm not sure that's the case for private companies. The valuations there seem to be just getting more and more outlandish.
On the other hand, if it's all VCs and funds of funds losing silly-money, then no harm no foul, I suppose.
On the other hand, if it's all VCs and funds of funds losing silly-money, then no harm no foul, I suppose.