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Ian Guider: Tech firms may need to adjust to the new austere reality

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Silicon Valley veteran Bill Gurley blames the era of ultra-low interest rates in the United States for the vast sums flowing into start-ups and inflating their values, an era that has abruptly come to an end, writes ianguider

Bill Gurley knows a thing or two about the tech sector. As a partner in Benchmark Capital in Silicon Valley, which has invested in some of the world’s biggest tech companies, he is one of the best-known names in venture capital.

He has come to wider prominence of late as a result of the TV show Super Pumped, which charts the rise of Uber, where he was initially a mentor and later tried to oust ...

 

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