In our current economic environment, you would have to be hiding in a cave not to see, hear and feel valuations sliding downwards across the eco-system. It started in January 2022 when large-cap, mid-cap and then smaller-cap public companies started to fall in price. Past a certain point, we began to see private equity and venture capital investors applying these lessons to late stage private companies. In the time since February, we have seen the slide come all the way through the business food chain until it reached the startup.
