What's Going on in the Private Markets Right Now?

Wen: The venture capitalists of the world are taking these companies farther and farther before become public. Wen: In some ways, i think it's probably healthy, because now, instead of the entire public being exposed to catastrophic decline, it's just a relatively small pool of venture capitalists. But i think what's unhealthy is, in some ways, a smaller social circle of people all doing the same thing can be maybe more of a toxic breeding ground for excess enthusiasm than even a public market can provide.