Venture Capital Tech Valuations Drop

https://www.ft.com/content/6395df7e-1bab-4ea1-a7ea-afaa71354fa0
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The valuations of VC-backed tech companies depend more on the supply of VC capital than on changes in the economics of the companies. The downturn in VC capital has caused a large drop in tech company valuations; as much as 80% for some