Tech might be "embedded" but that doesn't mean their stocks had reasonable valuations. Small/mid cap tech is down 50-75% because they weren't. Every Apple emplo

Tech might be "embedded" but that doesn't mean their stocks had reasonable valuations. Small/mid cap tech is down 50-75% because they weren't. Every Apple employee is watching their stock portfolios melt down and AAPL holding up relatively well. Bargaining power is shifting from employees to Apple in real time. Suddenly job security is more important than WFH. VC will follow the public markets, as it always does. Valuations will tank and funding will dry up.