VC firm warns that funding pullbacks are ‘not a blip’
Mar04
The prospect of the tech bubble bursting is like Silicon Valley’s version of an asteroid heading to Earth: as more people begin to see it and recognize it’s there, the thoughts turn to how long we have left and how much damage will be done. Fortune spotted a published quarterly letter to limited partners penned by First Round Capital — a prominent VC firm in the area that has funded many successful companies including billion-dollar ‘unicorns’ Blue Apron and Warby Parker. In it, the company takes a stronger stance on what it believes to be the “old normal” for VC…
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