Tech Startups Face Fresh Pressure on Valuations
Summary, given the challenge some companies have had keeping ahead of their last private round when it comes to public markets, large funding sources are pulling back from their irrational exuberance of the last couple of years.<p>That is an entirely expected and reasonable thing for them to do. And it&#x27;s going to force some IPOs on companies that are not ready for it, and it will cause some companies that used to be &quot;golden&quot; to start dismantling. And that too is entirely expected.<p>And some people, perhaps a quite a few, who thought they were &quot;set for life&quot; and perhaps even thought their kids were set for life, will find that maybe they aren&#x27;t really yet. That certainly happend to me during the dot com crash and it was a sobering experience.<p>But like the 1,000 sea turtles that crawl out of the sand and into the surf, the 100 that survive may do so for over a hundred years. Sadly there isn&#x27;t any easy way to figure out which are the survivors until they are the last ones left standing.