Friday, August 21, 2015

Bill Gurley to Unicorns: Winter Is Coming. You Ready? | Re/code

See the full article for the tweetstorm

"Tech stocks have been taking a beating lately, and venture capital investor Bill Gurley of Benchmark thinks it’s a sign. If the valuations of public tech companies are compressing, private market valuations might be next.

In a tweetstorm Thursday night, Gurley warned startup unicorns — companies that are valued at more than a billion dollars — to prepare for leaner times.

“We may be nearing the end of a cycle where growth is valued more than profitability,” Gurley said on Twitter. “It could be at an inflection point.”"
Bill Gurley to Unicorns: Winter Is Coming. You Ready? | Re/code
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