Tough Day For Internet VC Deals

from the anyone-there? dept

Today came very close to be the first day in years in which there was not a single VC deal related to an internet company. That was saved due to an Australian optical company, but it certainly makes the message pretty loud and clear. VCs aren’t looking too deeply at anything internet related these days. A VC I know just told me that the process is very simple now: they have lots of money, but they don’t rush. They just wait. The entrepreneurs get more frustrated and the valuations start dropping, and so the VC waits a little longer. They know nothing is going public anytime soon, so there’s no reason to invest until the valuations are significantly in their favor.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...