However, although exit activity may increase, I am not convinced that there will be a burst of successful exits where some decent money is made. There are a lot of low-priced exits now as investors give up on companies that aren't meeting goals. Or, as investors run out of capital and companies run out of options.

Most venture companies exit via M&A, but I have heard that many strategic buyers are sitting on the sidelines now waiting for private valuations to settle. Many private company valuations are too high compared to public company comps. It takes a while for entrepreneurs and investors to realize that they have to either settle for less or finance a company for a longer period of time in hope that things will get better. Selling now may make more sense when faced with uncertainty. And, that probably means selling for less.

So, I wouldn't stop wringing your hands just yet.