I'm surprised the author didn't mention anything about megarounds. I thought most of the increase in venture capital has been going to megarounds, and that thes

I'm surprised the author didn't mention anything about megarounds. I thought most of the increase in venture capital has been going to megarounds, and that these rounds are being raised exactly because companies want to delay their IPO and remain private longer. That would perfectly explain why there's a lag in the returns on these VC funds, right?