&quot;With that being said given the state of the public market (going down + low dividends) startups will still look sexy for a long time. I wouldn&#x27;t worry about it.&quot;<p>This is such a ridiculous comment that it needs to be highlighted for just how myopic it really is.<p>Angel-and-after VC investment has been driven, increasingly, by the effects of ZIRP. &quot;Fuck it, we don&#x27;t have anywhere else to put our money, we might as well gamble on 23 red&quot; is basically the prime justification for a lot of money that&#x27;s been put into, say, companies that deliver lunches in San Francisco.<p>Now that we are moving away from ZIRP, sinking money into glorified AWS-React-Node applications is going to dry up, naturally. There are huge institutional investors who will no longer be willing to take the risk, period.<p>The &quot;state of the public market&quot; is getting hammered by oil prices, and by China. I don&#x27;t know how you read that as &quot;startups will still look sexy&quot;. The roulette table looks sexy when the bank isn&#x27;t giving your savings account any return. The moment it does, guess what happens.