The story conflates the problems with walking dead VCs, many of which were formed during the dot-com bubble, with what is going on in the early stage startup world.
There are more deals and more cash going to Internet startups than ever before. The lower valuations and struggling companies are a natural and healthy end result of the boom in early stage funding for social/local/mobile companies that took place during 2009-2010.
There are more deals and more cash going to Internet startups than ever before. The lower valuations and struggling companies are a natural and healthy end result of the boom in early stage funding for social/local/mobile companies that took place during 2009-2010.