To mark down or not: That's the question VCs face as market slump persists

If you're wondering just how much valuations of private companies could drop amid the downturn and rising interest rates, look no further than Klarna.

Last summer, the Swedish buy now, pay later lender was valued at $45.6 billion. But the winds have shifted dramatically since then. The most valuable private company in Europe is reportedly raising a new round of financing at a valuation of $6.5 billion—a drop of more than 85%. READ MORE