Uber Investor Sacca Predicts ‘Pain’ for Some Tech Startups
Sacca: Bad Deals Are Being Done in Silicon Valley
This article is for subscribers only.
Chris Sacca, an investor in companies including Twitter Inc. and Uber Technologies Inc., said too much money is flowing to technology startups that will fail in a coming industry slowdown.
Sacca, who invests through his fund Lowercase Capital LLC, said he often passes on opportunities to back entrepreneurs who later find financing at rates he thinks are unreasonable.