Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal:
Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, have been left with losses as markets drop  —  Startup investors that held off on exiting investments after their IPOs are left to rue the decision