The steroid era of startups is over — here’s what 8 top VCs think will happen next

Essentially, too many companies have taken too much money at unsupportable valuations. A lot of the money they raised came with huge caveats that would protect late-stage investors.

The venture community has realized that a number of companies were funded at valuations that were far ahead of their fundamental progress as businesses, and that some of those companies are not actually that great fundamental businesses. —Alfred Lin, Sequoia

 

http://www.businessinsider.com/what-happens-when-tech-boom-turns-to-bust-2016-5

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The steroid era of startups is over — here’s what 8 top VCs think will happen next

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