One possible ramification is that the so called "window" is about to close and as such, most companies will have a bit of a higher bar to IPO. "Good" companies

One possible ramification is that the so called "window" is about to close and as such, most companies will have a bit of a higher bar to IPO. "Good" companies might raise money at worse terms than otherwise. Backpressure could mean a harder environment to raise capital all the way back to early rounds. Or this is just a one time shitty governance company and things will keep going. You know, past results yada yada.