Global Start-up Funding Frenzy Fuels Fears of a Bubble

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  • In March last year, venture capital firm Sequoia described the coronavirus as the “black swan of 2020.”
  • Fast forward to July 2021, and tech investors are writing bigger checks than ever before.
  • “This feels a lot like 1999 to me,” Hussein Kanji, a partner at Hoxton Ventures, told CNBC.
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In March last year, a top venture capital firm described Covid-19 as the “black swan of 2020.”

“Private financings could soften significantly, as happened in 2001 and 2009,” Sequoia Capital told portfolio company founders and CEOs in a memo reminiscent of its “R.I.P. Good Times” presentation in the 2008 crisis.

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Fast forward to July 2021, and tech investors are writing bigger checks than ever. According to CB Insights, start-ups have raised $292.4 billion globally so far this year, on track to beat the $302.6 billion raised throughout 2020.

www.cnbc.com/2021/07/13/startup-funding-vc-dotcom-bubble.html

 

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