Sunday November 1, 2020

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

28th February, 2016
The mood among investors in Silicon Valley is like being on the Titanic Pic: iStock

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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