I assume you are referring to follow up rounds when you refer to a chill? Or do you expect angel&#x2F;seed funding to be reduced because they are going to lower guesstimated valuations?<p>Will be Interesting to see if this pattern has an effect of pushing tech companies to IPO sooner.<p>Is this behavior being replicated cross sector? It seems commonplace for a tech company to write down a valuation of a purchased company (eg every company MS has ever bought), I don&#x27;t hear about it in health, finance, retail, etc sectors.