I don't think the $213M loss on FTX is going to impact anything. It's not a strategic amount of money to funds of that size. I might refine the question along

I don't think the $213M loss on FTX is going to impact anything. It's not a strategic amount of money to funds of that size. I might refine the question along the lines of, do losses in a given fund put pressure on the GP's appointed board members in their other companies in the same vintage or with the same participating LP's - to cause the CEOs to align their strategies toward nearer term exits - and if that strategy shifts, how does it affect staff in those companies? Though it's true that "companies aren't sold, they are bought," I could tell you how companies under different kinds of market pressures and investment structures tend to make product and engineering decisions and what those incentives do to the culture, but that's outside the scope of whether this particular loss creates enough systemic risk that it could ripple out into their other portfolio companies.