DISQUS

Yakov · 1 year ago

The inventors need to turn to developing markets that have become the major drivers of economic growth.

dave mcclure · 1 year ago

public market activity has less & less impact on startups & (early-stage) VCs, which are more & more driven by acquisitions. fear & greed are correlated in all markets, however for the most part larger company dealmaking isn't based on IPOs or even debt market liquidity. there is an impact if Internet-based advertising & ecommerce experiences pullbacks due to consumer or business recessions, but the overall growth of the online market combined with offline->online budgeting transitions likely offset mostarket downturns, or at least certainly over the long run.

if anything the recent trend has been towards more platform opportunities & new ways to make money, not less. potential consolidation of Msft-yhoo notwithstanding, there are more large companies making money on the internt than ever, and they should continue to see benefit in buying new tech & products from smaller startups to rollout to yheir customers.

in any case, startups that are innovative, prudent, and can generate revenue should do alright. and last time I checked there was no recession in innovation.

dave mcclure · 1 year ago

dean: I really take issue with your survey options. only providing "bad" & "worse" options is stacking the deck with negative sentiment that only reinforces the pessimistic slant of the article. you're leading the witness.

I really think a more balanced set of choices should be provided, if you're trying to solicit community opinion. perhaps some of us valley angels be entrepreneurs are a bit more optimistic than the traditional VC community.

my $.02,

CubQuiege · 1 year ago

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Peter · 1 year ago

Dave:

Your assertion "public market activity has less & less impact on startups & (early-stage) VCs, which are more & more driven by acquisitions" is fundamentally flawed, both logically and empirically.

Favorable M&A activity (defined as exits at a multiple of paid-in capital, not a discount of paid-in capital) is positively correlated with the public market indices. It is obvious why. When companies have more currency, they spend it on M&A. So, early stage VC valuations absolutely *are* impacted by public market activity, but the impact lags the public market. Don't believe anyone is immune to the wealth effects of prosperity or the adverse effects of decreasing equity values. All markets are linked. Economics 101.

shuaben · 1 year ago

We can not expect larege or many deals this year, whatever in America or China

Sam · 1 year ago

At the end of the day, it is the marginal ideas or businesses with ambiguous revenue models that will have a tough time competing for investment dollars.

edhardy622 · 2 months ago

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