Google: tech start-ups are waiting “way too long to go public”

tech start-ups

Tech start-ups are waiting “way too long to go public”, the head of Google’s venture capital arm has warned, highlighting a widening rift in Silicon Valley over the fate of the latest generation of fast-growing start-ups. Many of the companies leading the current technology boom, including Uber and Airbnb, have sought to stay private as long as possible and have raised ever-larger amounts of money from successive rounds of private investment. But the mood is changing and investors are growing skittish. Some start-ups may rue their decision exploit the booming private markets to push for high headline valuations, rather than selling shares to the public, said Bill Maris, head of Google Ventures, one of California’s most active VC firms… Next year, many will be unable to raise more cash in the private markets or be forced to accept lower valuations, he predicted.

 

Richard Waters

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