05 August 2013

Silicon Valley VC deals fall, VC climate change

Silicon Valley VC deals fall to $2.6 billion in the second quarter, the worst since 2009 - Silicon Valley Business Journal: " . . . Venture capitalist Ben Horowitz addressed the “climate change” around venture capital in a blog post earlier this week, where he said valuations for many startups were falling, with VCs increasingly pushing entrepreneurs to accept “down rounds.” “Hoping that the fundraising climate will change before you die is a bad strategy because a dwindling cash balance will make it even more difficult to raise money than it already is,” Horowitz wrote. “You need to figure out how to stop the bleeding, as it is too late to prevent it from starting.”.  .  ."

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