Bill Gurley warned of there being "no fear in Silicon Valley right now" at South by Southwest, according to this article by Fortune. While he said that we may not be in a tech bubble, we are in a risk bubble. He added that he thinks there will be some "dead unicorns" this year, a unicorn being a startup with a valuation in excess of $1 billion. Gurley also warned that if the free flowing capital dries up, it could have a ripple effect that will affect more than money-losing startups. It could affect San Francisco real estate prices as well as companies that rely on spending by these startups.
It's a good article and worth a read.
Link to Fortune article about Bill Gurley:
http://fortune.com/2015/03/15/bill-gurley-predicts-dead-unicorns-in-startup-land-this-year/
Link to Fortune article "The Age of Unicorns":
http://fortune.com/2015/01/22/the-age-of-unicorns/
Link to Fortune's "The Unicorn List":
http://fortune.com/unicorns/
It's a good article and worth a read.
Link to Fortune article about Bill Gurley:
http://fortune.com/2015/03/15/bill-gurley-predicts-dead-unicorns-in-startup-land-this-year/
Link to Fortune article "The Age of Unicorns":
http://fortune.com/2015/01/22/the-age-of-unicorns/
Link to Fortune's "The Unicorn List":
http://fortune.com/unicorns/
