“There’s too much heat around good, not necessarily great, companies” that are older, said Mamoon Hamid, a partner at the venture firm Kleiner Perkins. Costanoa raised a $75 million “opportunity fund,”, which Mr. Sands said would give it the ability to do more deals when the market cools down. Many other venture capital firms are also in a position to become more aggressive in case of a market downturn. In a survey conducted late last year by First Round Capital, a venture capital firm, just under half of 529 entrepreneurs said they expected fund-raising to become more difficult in 2019. Some start-ups are raising more money to weather the uncertainty, according to Kirsten Green, a managing partner at Forerunner Ventures.

Source: New York Times January 06, 2019 21:11 UTC