Are We Heading Towards a Reckoning of Startup Valuations?
Michael Beckerman
Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too often take the bait and fall into a trap that untimely leads to pain and suffering. Now that I have worked in the real estate…