It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash.
to refer to highly valued but shaky startups that might need new investors to rescue them.
In an interview, Coelius said low interest rates and an abundance of investors had made it easy for tech entrepreneurs to found and grow businesses in the past decade. That has changed. “This earnings season was really a comeuppance for a lot of folks,” he said. “Almost all the major public tech companies missed their numbers, and when that happens, the tide can turn really aggressively.”
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