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question

The public markets have been stumbling around lately, trying to figure out what China and oil prices mean for the rest of the world economy.  

That uncertainty creates fear--and in a US Presidential Election where fear is the debate topic de jour, we've got plenty of that to go around.  Fear, not surprisingly, weighs markets down.

But, that's a short term thing, right?

Aren't VCs investing in companies that won't exit for another 5-8 years?  Shouldn't they be long term minded?