Without using the B-word, The Wall Street Journal is accusing the tech world of returning to its pre-bubble excesses. “Startups feel the need to outspend on recruiting, marketing and designing
their offices, echoing poor choices made 15 years ago when unprofitable companies overextended themselves, then crumbled when the market turned,” it writes. And, it’s not just WSJ.
“Venture capitalists have spoken out in recent weeks,” it notes. Among others, “Benchmark partner Bill Gurley says Silicon Valley startups are burning capital faster than they have
since 1999.”
Read the whole story at The Wall Street Journal »
