US tech investors experiencing a ‘Titanic’ moment, says O’Driscoll
The Clare-born venture capitalist says no-one wants to jump into the lifeboats right away
Clare-born venture capitalist Rory O’Driscoll, whose Scale Venture Partners raised a new $335 million (€306 million) investment fund in January, has described the mood among investors in Silicon Valley as like being on the Titanic the moment after it hit an iceberg.
“No one wanted to jump into the lifeboats right away,” O’Driscoll told the Wall Street Journal last week.
“Some hesitated. The smart companies are cutting expenses and raising...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures