Senior sources in the Australian VC community say they have begun telling start-ups to prepare for a very different environment, where things they have become accustomed to won’t be indulged.
The warning signs started flashing across the global private equity sector about a week ago.
First came veteran VC investor Bill Gurley of Benchmark Capital, who told his 543,000 Twitter followers “an entire generation of entrepreneurs and tech investors [who] built their entire perspectives on valuation during the second half of a 13-year amazing bull market run” were about to face an “unlearning process that could be painful, surprising and unsettling to many”.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
