"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't worry about it."

This is such a ridiculous comment that it needs to be highlighted for just how myopic it really is.

Angel-and-after VC investment has been driven, increasingly, by the effects of ZIRP. "Fuck it, we don't have anywhere else to put our money, we might as well gamble on 23 red" is basically the prime justification for a lot of money that's been put into, say, companies that deliver lunches in San Francisco.

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.

The "state of the public market" is getting hammered by oil prices, and by China. I don't know how you read that as "startups will still look sexy". The roulette table looks sexy when the bank isn't giving your savings account any return. The moment it does, guess what happens.