Fear and sadness in Silicon Valley - Fortune
by Share icons Every couple of months I leave my small Massachusetts town — where most people still shop for their own groceries and drive their own cars — and head for the Bay Area. Suddenly, all of my cynicism and bubble worries are drowned out by the kind of unfettered optimism that only $1 billion valuations (on $0.00 earnings) can buy. But not today. Not this time. Since landing in San Francisco on Wednesday, I've met with an assortment of senior venture capitalists, bankers, entrepreneurs and crossover investors. All of them have, in one way or another, been involved with so-called 'unicorn' companies. As in the past, they are nearly unanimous in sentiment. The difference now is that their sentiment is fear. The past several years of raising too much, too high, too soon has run smack into a much more conservative investor ethos.Read full article from Fear and sadness in Silicon Valley - Fortune
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