Denouement
View from Seed
NOVEMBER 7, 2019
2009-2011: Retrenchment. Aggregate VC investment in 2009 hits a low of roughly $20B, a figure last seen in 2003 in the wake of the bursting of the dotcom and telecom bubble and 2001 recession. Year over year revenue growth rates are measured in multiples not percentages. We’re only a few months past Sequoia’s famous “R.I.P.
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