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. Uber is founded and AirBnB goes through YC in 2009. We’re only a few months past Sequoia’s famous “R.I.P.
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