Sadly, not at the moment. Both sides are apparently more interested in self-preservation by pandering to their key voter groups. The right cares more about abortions and immigration, the left is pushing various pipe dreams. PS. Personally, I think it's going to end in tears, but it's hard to say when and how bad it's gonna be.
If you were around back when Amazon was a crazy stupid company losing money quarter after quarter with insane valuations you remember clearly folks saying exactly this about them. Through the .com crash. I'll cop to being one of those folks. It's now $855B dollars in market cap. Same with Google, now similar market cap. Lot's of other companies not quite as eye popping but still made plenty for the folks who got into a VC round. It only takes one hit out of the park and a few singles, doubles, and triples to make the VC model work. The vast majority of the investments are expected to fail. There aren't any pension funds that have $1B invested in Uber or Wework. There are plenty of pension funds who are LPs in venture funds who are invested in a portfolio of hundreds of startups that include Uber and Wework. And they all got in at much earlier rounds at far lower valuations. The insane valuation investors are Softbank, the Saudi sovereign fund, Toyota....they're the ones who are going to get burned. Or not if they jump out at the IPO before the music gets turned off like it looks like the Lyft investors are going to be able to do.
To fund Y Combinator’s top startups, VCs scoop them before Demo Day Hundreds gathered this week at San Francisco’s Pier 48 to see the more than 200 companies in Y Combinator’s Winter 2019 cohort present their two-minute pitches. The audience of venture capitalists, who collectively manage hundreds of billions of dollars, noted their favorites. The very best investors, however, had already had their pick of the litter. What many don’t realize about the Demo Day tradition is that pitching isn’t a requirement. (TechCrunch)
New Y Combinator president talks about growth plans, HQ move The new president of Y Combinator shares his thoughts on how the Mountain View startup program and investor has evolved and where it's going, including an update on its search for a new headquarters in San Francisco. (San Jose Biz Journal)
Venture capital firms are without a doubt the muscle behind innovation as they support the company they may invest in, from the early stages,