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I think the bigger issue is that the summary is a misrepresentation of what he said. At least, I don't see where he "warned that start-up investments would dry
by ericd 6y ago
I think the bigger issue is that the summary is a misrepresentation of what he said. At least, I don't see where he "warned that start-up investments would dry up".
- jimkleiber 6y agoI don't think he stated that it would dry up, but I do think he said that it may decrease. > Jessica and I had dinner recently with a prominent investor. He seemed sure the bad performance of the Facebook IPO will hurt the funding market for earlier stage startups. But no one knows yet how much. Possibly only a little. Possibly a lot, if it becomes a vicious circle. Lots of qualification and uncertainty. > What I do worry about is (a) it may be harder to raise money at all, regardless of price and (b) that companies that previously raised money at high valuations will now face "down rounds," which can be damaging. More qualification and uncertainty. I think the biggest challenge is in the author taking something so qualified and making it seem much more confident and certain than it actually was. Would you agree that he was exploring whether start-up investments may decrease?