Now that cryptocurrencies such as Bitcoin have plummeted from last year's absurdly high valuations, the techno-utopian mystique of so-called distributed-ledger technologies should be next. The promise to cure the world's ills through "decentralization" was just a ruse to separate retail investors from their hard-earned
Amid record amounts of capital raised by VCs worldwide, and a sharp rise in the number of private "unicorns," there has been a quiet, barely noticed implosion in early-stage VC activity worldwide. This is now a three-year trend, so cannot be "blamed" on macro
Joerg KornerThere is another reason. The dominance of google and facebook. 80% of referral traffic comes from those two companies. Every startup somehow ends up paying a "tax" to them. This throttles innovation.
There has probably been more capital looking to invest in private technology companies in the past five years than any five-year period before. A non-obvious consequence is that although people raise more money at higher valuations, they still end up selling much more of
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