The age of Unicorn investing has led to alarming overvaluations of startups that could result in an afterparty roll call not seen since 1999, Silicon Valley VC Bill Gurley warned Thursday.
Gurley, a general partner at Benchmark, raised a red flag over the large number of tech startups valued at more than $1 billion, and suggested that the rise of Unicorn fundraising has put the financial health of the industry at risk. “Many Unicorn CEOs and investors are ill-prepared to navigate” the troubled waters, he wrote.
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