Venture Capital Risk Taking and Cash Burn Rates Unprecedented Since 1999; 47% of Nasdaq in Bear Market
MishTalk
SEPTEMBER 16, 2014
Companies that haven''t made a dime, and perhaps never will, have valuations of $10 billion more. The free service’s fans send 500m self-deleting messages a day, but Snapchat has yet to declare how it intends to make money. Venture capital risktaking and burn rates on cash are at levels that exceed the technology bubble in 1999.
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