It's interesting the article doesn't come right out and say this is the correction the market indicators have been hinting at for a while. It's all there in bla

It's interesting the article doesn't come right out and say this is the correction the market indicators have been hinting at for a while. It's all there in black and white: “Volatility has bred more practical thinking, especially on the shareholders’ side,” said Atish Davda, the chief executive of EquityZen, a marketplace for pre-I.P.O. companies. Only a third of the tech companies that went public last year are in the green today, meaning that many initial offering investors are already feeling some pain in their portfolios and are unwilling to take on new risk. It's not that there's no companies who want to go public, it's the investors who want to see solid revenue, more liquidity, and better business plans before letting these companies risk their money.