Yeah I mean if you look at the IPO of YC backed businesses they are all down on average -70% from its previous ATH. Now ask yourself, how much of a run way woul

Yeah I mean if you look at the IPO of YC backed businesses they are all down on average -70% from its previous ATH. Now ask yourself, how much of a run way would non-IPO businesses sustained by cheap capital has left. People aren't joining YC to build a sustainable business. They are doing it for a shot at selling their shares on secondary market if they can't IPO, or dumping it on retailers through direct listing The good news is that these failing startups will end up generating a ton of businesses for those that had been financially stable and conservative. Those are the ones to look at.