VC Confidence Dips – Investors Warn of Unsustainable Tech Ecosystem

Bill Reichert of Garage Technology Ventures: “It is becoming increasingly clear that the imbalances in the ecosystem are not sustainable. The proliferation of incubators, accelerators, co-working spaces and funding groups has generated an ocean of startups that cannot be sustained. And the tide of capital that flowed in from non-venture sources will ebb with the downturn in valuations at the unicorn level. There are lots of brilliant companies getting lost in all this drama. I just hope the disciplined investors and entrepreneurs can find each other and keep their heads while most everyone else is losing theirs.”