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...
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