Silicon Valley venture capital has emerged greedy and dot, "unicorn" will die a group of

A number of data show that the Silicon Valley and the United States, the global technology industry, venture capital, is the highest record since the dotcom bubble, unlisted companies to finance 1 billion of dollars, is not news, some unlisted companies, even more than the staggering 40 billion dollars.

In the U.S. science and technology and music industry, "South-southwest Congress", a U.S. investment banker said that Silicon Valley venture capital has emerged some kind of greed and madness, this year, the market value of more than 1 billion U.S. dollars in the so-called (unlisted) "Unicorn", will die a group.

The big shot was Bill Grie Bill Gurley, an engineer at the early Compaq Computer Company, who is now a partner in Silicon Valley's leading VC benchmark Capital company. He has gone through too many successes and failures in his career as a VC.

In today's entrepreneurial and investment climate, many start-ups do not have any experience or record of business operations, but some venture capitalists are willing to take great risks, says Gerry. And these startups burn money at an alarming rate, often through huge amounts of investment in exchange for rapid growth in business and users.

He says some of the companies that are invested will fail, and the failure of new companies to concentrate will bring an earthquake to the technology industry.

"There is no word for fear in Silicon Valley, and fear has completely disappeared," said Gerry at the south-West convention in Sunday. ”

In stark contrast to the last PC dotcom bubble, the mobile internet's second investment venture culminated in a large number of unicorn companies valued at more than 1 billion dollars. In the past, the company's market value of 1 billion U.S. dollars, now, a single round of financing scale of 1 billion U.S. dollars, unlisted companies of the market value, easily reached tens of billions of U.S. dollars.

The most typical case is the global expansion of the U.S. mobile service provider Uber, and China's smartphone maker Millet is valued at more than 40 billion U.S. dollars, mobile chat tool Snapchat's latest valuation, also reached 15 billion U.S. dollars.

According to statistics, in the Silicon Valley region, the value of more than 1 billion U.S. dollar unicorn has more than 50, and each week is increasing several.

"I do think we will see a bunch of unicorns die this year," says Gerry. ”

Many unicorn companies compete in the same fields, such as stripe and square, which are engaged in mobile payments, while Uber, Lyft and China's fast-moving taxis are all engaged in mobile travel services. If a new venture becomes an industry leader, other competitors will fail or even exit.

Once again, says Gerry, it is not just the tech industry, but also the real estate sector, that has hurt the bubble of technology companies.

Since January 2000 (the last dotcom bubble), house prices in the San Francisco Bay Area have risen by as much as 97%, according to Paragon, a US professional real estate firm.

If capital and wealth into the technology sector begin to shrink, then the Silicon Valley residents will inevitably see house prices plunge.

It should be noted that Gerry's benchmark capital company also has an investment relationship with several unicorn companies. Benchmark Capital has now invested in $41.2 billion worth of Uber, as well as a $15 billion Snapchat company. In addition, Nextdoor, a neighbor social tool for benchmark capital investment, has recently gained 110 million of dollars in venture capital and has entered the Unicorn club. Morning)