When folks talk about the desire to bet against the private IPO bubble, they're thinking about a broad, significant decline that affects lots of companies, not

When folks talk about the desire to bet against the private IPO bubble, they're thinking about a broad, significant decline that affects lots of companies, not the downfall of a specific company. Realistically, this type of broad, significant decline is unlikely to happen without a major correction in the public markets. So long as the public markets are seen as being strong and stable, it's unlikely that the small, relatively illiquid market for private tech companies will correct itself.