Just scanning across headlines of the last few days:
- San Francisco commercial real estate at record highs, passing NYC in price per square foot (which last happened just before things imploded last time around)
- Multiple SF area tech companies running rounds of layoffs
- VC funding took a nose dive last quarter
- Quite a few unicorns or near unicorns having their valuation tank post-IPO, having a difficult fundraising round or seeing their valuations slashed on private markets
One can debate if the Valley is in a full blown bubble, but seems increasingly obvious at a minimum there's a significant cooling off on the horizon.
- San Francisco commercial real estate at record highs, passing NYC in price per square foot (which last happened just before things imploded last time around)
- Multiple SF area tech companies running rounds of layoffs
- VC funding took a nose dive last quarter
- Quite a few unicorns or near unicorns having their valuation tank post-IPO, having a difficult fundraising round or seeing their valuations slashed on private markets
One can debate if the Valley is in a full blown bubble, but seems increasingly obvious at a minimum there's a significant cooling off on the horizon.