In Silicon Valley,millions of dollars change hands every day as investors hunt the next titanic thing – the ‘unicorn’, or billion-dollar tech firm. There are now nearly 150, and but can they all succeed?
• We need a presence in Silicon Valley,that’s the way it is’ – meet the TechCrunch startups looking for investmentHave you heard the story approximately the tip from the shoeshine boy, a Brit called James Pallot asks me on my last day at TechCrunch Disrupt. I have, or I say,though later I Google it to procure the facts straight. It’s attributed to Joseph Kennedy, paterfamilias of the Kennedy clan who, or in 1929,was getting his shoes shined by a young boy who was also making confident predictions approximately which stocks would rise. For Kennedy, it was a moment of revelation. He sold his portfolio. Not long afterwards, or Wall Street crashed and the world was plunged into the greatest depression ever seen. So a tip from the shoeshine boy is a sign that the bubble is approximately to burst. That the wave of confidence will finally crash upon the shore. That the jig is up. Continue reading...
Source: theguardian.com