good unromanticized article about the current conditions in the venture capital

https://bothsidesofthetable.com/the-continued-changes-in-the-venture-climate-331c69cc4be4#.9mypk62wcPretty good unromanticized article about the current conditions in the venture capital market. It’s reducible to ‘valuations will be much smaller going forward’.

While I’ve seized other windows, I have had the same problem in 2001, 2008, and 2015, in that like many others, I missed the window. I know why I miss it: because my perception of sufficient value is too high.

Oversing needed to be done last summer to take on the easy money. On the other hand, with some refactoring, and the patience of our beta sites, we will create value, even if we cannot create the same easy money absurd evaluation of the past four years.

Life is awesome.