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Posted on: Oct. 21, 2015, 5:19 p.m.
Over the past several year years, private tech company valuations have ballooned amid a flood of easy money. But Silicon Valley investor Bill Gurley is losing patience. It’s like seeing a seventh or eighth year undergrad at the college bar, Gurley said Tuesday at a tech conference in Laguna Beach, Calif. “Everyone is like, ‘What is he doing?” More specifically, Gurley is critical of a growing number of tech companies that have decided to remain private instead of going public ... Full investment news article