> It sounds like a lot of it just went to unprofitable SaaS companies
U.S. GDP is north of $25 trillion and has grown 75% since 2009. Annual VC investments appear to be in the $200-300 billion range, from a quick search - presumably not all of it going to unprofitable SaaS companies. I'd go with the statistics over the gut intuition here.
U.S. GDP is north of $25 trillion and has grown 75% since 2009. Annual VC investments appear to be in the $200-300 billion range, from a quick search - presumably not all of it going to unprofitable SaaS companies. I'd go with the statistics over the gut intuition here.