The VC fundraising cycle has something to do with this, right? I mean, if I understand correctly, if you dropped a few million bucks into a VC fund back in 200

The VC fundraising cycle has something to do with this, right? I mean, if I understand correctly, if you dropped a few million bucks into a VC fund back in 2005 to become a limited partner, that money is locked up until 2010 or so; if you notice storm clouds on the horizon in 2006, you can't just cash out. At that point the VCs just have to do the best that they can with the portfolio they have, and you have to trust that the VCs will do their job competently.