Why are Web start-up likes Quora and Airbnb increasingly prone to taking big late-stage investments? Marc Bodnick, head of Quora’s business operations, says the answer is simple. “The more
capital you have … the more comfortable and confident you can be,” he tells The New York Times. That, and “start-ups are staying private longer, venture capital firms are looking to
put idle funds to work, and institutional investors are chasing returns,” NYT notes.
Read the whole story at The New York Times »