Technology Startups See Private Market Valuations Plunge

Wave of selling from laid-off Silicon Valley workers exacerbates price declines

As market values of technology startups have collapsed this year amid a venture capital drought, the declines have been exacerbated by laid-off Silicon Valley workers selling stakes in their former firms.

Tech start-ups reliant on venture capital and wealthy tech investors have had to recalibrate growth plans as that funding has plunged, the Financial Times reported earlier this year. In addition to finding other sources of financing, many startups have begun laying off workers as they try to conserve cash… Read Full Article