It may, actually. Partly simply because the larger the pool of startups, the more candidates there are for IPOs. But there are two reasons startups started no

It may, actually. Partly simply because the larger the pool of startups, the more candidates there are for IPOs. But there are two reasons startups started now may be disproportionately likely to: 1. Because M&A has decreased so much. The great startups are less likely to be siphoned off by early acquisitions. 2. Because people willing to start startups now are going to be extra-determined. We've always wished we could put a question on the application form asking "Do you really want to do this?" It would be a waste of time, because everyone would just say yes. But now the economy is supplying that question for us.