In the short term, this is going to hurt even quality companies because investors, even very savvy VC's, always overcompensate for dramatic market shifts for so

In the short term, this is going to hurt even quality companies because investors, even very savvy VC's, always overcompensate for dramatic market shifts for some amount of time. But longer term I don't think we are going to see a repeat of 2000-2001. The reason is that the fundamentals are there. Uber is a real business, as is Airbnb and several of the other unicorns. Real world businesses, small and large, buy advertising online, which means that companies like Snapchat and any other company that can grow a large audience cheaply have justifiable value as well. We live in a fundamentally different world than we did in the 2000's, so I am not too concerned (except if I were looking to raise capital in the next few months).