I don't think he needed to go there - to "network effects" - when "because VC and founders want to cash out while they can" was cause enough even back in April.

I don't think he needed to go there - to "network effects" - when "because VC and founders want to cash out while they can" was cause enough even back in April. At this point with the economy's decline obvious and hastening I think it's a safe bet there'll be a dearth of unprofitable IPOs at least through 2021.