My guess is the end of nearly free money is hurting the private equity backed companies. Private equity is the dark matter of tech. For every company that gets

My guess is the end of nearly free money is hurting the private equity backed companies. Private equity is the dark matter of tech. For every company that gets squired by a FAANG there's some multiple getting gobbled up by a private equity funded conglomerate to either bundle or unbundle the tech. These are the companies making software that powers everything in society. Companies you've never heard of making software for niches you've probably never really thought about.