Sequoia's crossover fund, which invested in both public and private businesses, reportedly lost two-fifths of its value in 2022. Temasek's listed holdings on American exchanges shrank by about the same.

据报道，红杉资本投资于公共和私营企业的跨界基金在 2022 年损失了其价值的五分之二。淡马锡在美国交易所的上市持股缩水了大约相同。

But then a lot of other people came in behind them — Tiger Global, Coatue Management, you know, some of these so-called crossover funds, people from outside the venture world with a lot of money.

但随后很多其他人加入了他们的行列——Tiger Global、Coatue Management，你知道的，其中一些所谓的交叉基金，来自风险投资界之外的有很多钱的人。