Venture capital's silent crash: when the tech boom met reality - The Australian Financial Review
8/2/2022 12:00:00 AM2 years 9 months ago
by Richard Waters
by Richard Waters
Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over.
Fast-growing fintech company Block is down 78 per cent, after $US130 billion was wiped from its market value. Many more will have to follow Klarnas lead before the full extent of the reset sinks in.… [+12480 chars]
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