A few takeaways:

- Morgan owns a small percentage of Palantir, maybe 20 basic points. However, this is big as Morgan and the big i-banks still have a lot of influence on the big money funds. This will scare the LPs off and VC funding will dry up.

- In my opinion, Palantir is still too expensive at ~15B valuation. I mean how can it be more expensive than both Tableau, Splunk and Hortonworks combined in the public market?

- Dropbox seems to be hit the hardest when T. Rowe Price marked it down to just 5B valuation. Still a great outcome if they can exit at the price point, but it sucks for the late investors and recent employees.