Thanks for the great explanation. The principle of limited upside and unlimited downside when shorting is true for public companies as well. However it works, a

Thanks for the great explanation. The principle of limited upside and unlimited downside when shorting is true for public companies as well. However it works, and keeps companies in check. To be clear, I'm not bundling early startups in angel, series A, B or C. I'm talking about late stage companies that should be going public but aren't. Instead they are being propped up by private equity or foreign investment, with no market. Some of these companies are absolute dog shit, yet they continue to receive funding and insane valuations in a vacuum.