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Because whenever a reporter asks investors at Demo Day for a comment, and they ask themselves "what could I say that would be in my interest to have reprinted?" the obvious choice is "prices are coming down."

And it's not true, incidentally. We don't have all the data yet but it's clear valuations remained high last batch.

If they make it a meme, eventually valuations will go down, as VCs will be influenced by the general "mood"(at least a portion of them will).

Hey, did you hear the suit is back?

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