TechCrunch reports more difficult times ahead for companies looking for funding in Silicon Valley. Overall, the number of M&As have gone down, as well as IPOs and the total value of disclosed M&A deals. When in US, they report on quarterly figures, we have to settle for annual figures (which are increasingly late as well) here in Finland. Then again, our market domestically is in very early stages (the average size of a venture capital investment in 2006 was a mere 680 000 euros).
While I don’t believe the effects of the downturn have hit Europe yet, I believe they are on their way. Any comments from the field would be appreciated on this topic, like always :)
Looking for a job? Hiring? Check out the ArcticStartup Job Board
WinWinBooks
Voddler
Arcusys Oy
We might have seen the market peak for now, but don’t they say that the most successful startups get founded always on recessions (I believe this has actually been proven statistically, coincidence or not), when a lot of smart people get laid off or decide to walk when pay checks get smaller. So, if there is an inverted correlation we are heading in to startup dog days, aren’t we :)