Silicon Valleys ledande riskkapitalist Marc Andreessen.
Under de senaste åren har diskussionens svallvågor gått höga om när Silicon Valley kommer att tanka och bubblan brista. Vi kan idag se att även om bubblan inte har brustit med en smäll så har riskkapitalet blivit avsevärt mycket svårare att få tag på än för bara något år sen, när det flödade.
Katie Benner skriver i New York Times: Start-Ups Once Showered With Cash Now Have to Work for It
When Jeremy Hitchcock raised money for his technology start-up in 2012, he barely had to break a sweat. He was flooded with emails from venture capitalists who wanted in. Two months after meeting an investor over cocktails at a technology conference, he scored $38 million.
But last year, as valuations of tech start-ups wobbled and public tech stocks gyrated, Mr. Hitchcock, 34, was faced with a different dynamic. As he tried to garner new capital for his company Dyn, which monitors and reroutes Internet traffic, potential investors peppered him with questions others had once glossed over. How would Dyn produce a return for them? Did Dyn have the size and scale to go public?
Dyn announced this month that it had raised $50 million from a private equity firm. But as part of the discussion, Mr. Hitchcock, who has not run a public company, agreed to step down as chief executive so Dyn could find a leader skilled in developing a business.
“The talks were much more thorough” with investors this time, Mr. Hitchcock said, adding that he had been thinking about resigning as chief executive before the fund-raising round.
The balance of power is shifting across tech start-up land.
Precis varför riskkapitalet idag är svårare att få tag på är svårt att veta. Men att pengarna inte längre flödar står klart, och det är nog enbart positivt.
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