A Record Level of Late-Stage Money, Thanks in Part to Softbank
"The rush of venture funds has led to bidding wars and heightened concerns that the sector is overvalued."
In his article for The Wall Street Journal, Eliot Brown describes the billions of dollars flowing into Silicon-valley tech startups, much of it from mega-funds such as SoftBank and GIC.
"In recent months, hotly contested companies like ride-hailing service Lyft Inc. and dog-walking app Wag Labs Inc. have received hundreds of millions of dollars more than they sought. Bidding wars are re-emerging, and some once-staid foreign investors are expanding U.S. offices and ditching their ties and suits to court talented entrepreneurs."
Full article on The Wall Street Journal - HERE