In the tech M&A business, we speak to a lot of investors. These range from entrepreneurs, to venture capitalists to private equity firms. With the recent market volatility, you can imagine we ask them their take on this. Just the other day I spoke to a partner at a $4B private equity firm and asked him if market volatility had changed his firms acquisition plans. His answer was simple. He said we have a lot of money to invest, our portfolio companies are generating significant cash, and our individual company strategies arent changing. Essentially he was saying that the fundamentals of his portfolio companies were good and they were sticking to their growth, investment and acquisition strategies. My take is that we are operating in a much more volatile environment than in years past and that we are learning to manage in this new world.