Hasten. This is really the most impactful for companies who raised money at the peak of the market and now their stock price is under the last valuation. So lo

Hasten. This is really the most impactful for companies who raised money at the peak of the market and now their stock price is under the last valuation. So lots of employee options are worthless now. Those companies have lost 50% of their valuation. Instead of doubling to achieve the next round they have to 4X their revenue. It is a tough spot to be in now for them. If anything the well funded competition is now going to have to figure out a real sustainable business model.