Is There a Mark Down in Private Markets?

When do you think we start seeing some big mark downs in private companies? Li, how long does that process last? Dealing with people who are investing in these self directed iras. Miche an n were talk on this to day, like, if there is a recession coming, it could be worse for tech people than other people. Weish o have one more here, henry, that we den't give you had a time. I thought it would be rght up your aliance. You deal lot with a private market. So this says, this is for o me and michal, but i think you coun make some coments here.