News Pick – The Startups Economy is Finally Stablizing – Bloomberg Technology

Startups

April 28, 2017 – “After a prolonged retrenchment, startups in the U.S. are finally seeing better days. The Bloomberg U.S. Startups Barometer rose 0.6 percent from a year earlier, marking the first year-over-year increase since the end of 2015. Bigger funding totals and more exits buoyed the index. Snap Inc. and MuleSoft Inc. are among the companies that went public in recent weeks. Initial public offerings give investors a chance to cash out and reinvest their money into younger businesses, making them a leading indicator of the funding environment for startups. “We think there will be anywhere from 30 to 35 venture-backed IPOs this year,” said Scott Raney, a partner at Redpoint Ventures, which manages $4 billion of investments. “By all measures, it feels like it’ll be a much better year.” Read moreĀ at Bloomberg Technology