Huh, you may be right. The notion that the index is ever susceptible to large one-off deals, though, still makes it suspect as an indicator of the general healt

Huh, you may be right. The notion that the index is ever susceptible to large one-off deals, though, still makes it suspect as an indicator of the general health of the tech startup industry. Similar to how high customer concentration can cause the valuation of a business to be lower than an unconcentrated customer base with similar revenue.