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Are Venture Capitalists Going to Mark Down Their Books?
The last time this happened, n two thousand eight l ps kind of winked to the g ps and said, listen, it would be good if there wasn't a capital call right now. It's worse than that because right now, ah, these foundations and sovereign wealth funds are trying to stay above water. And so what you're going to have is, when these mark downs are forced to happen, which will take another six months. So i don't think 18 months is sufficient. I think you need at least 36 months dobile.