The Mood In Silicon Valley Is Like The “Moment After The Titanic Hit An Iceberg” – Here’s Why
by Tyler Durden
ZeroHedge.com
02/22/2016
A year ago, startups with nascent business models were scoring billion-dollar valuations as investors raced each other to write checks. Today, venture capital is drying up for less successful startups. Rory O’Driscoll, a partner with venture firm Scale Venture Partners, likens the mood today to the moment after the Titanic hit an iceberg. “No one wanted to jump into the lifeboats right away.”
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