Bloomberg interview
Conway talks about valuations:
Right now…a typical startup is in the $3 million-$5 million range
He says valuations are creeping up to around $6 million-$7 million range but are not overvalued, and M&A is still a ‘great exit opportunity’ for the startups as Google, Microsoft and even Apple are making acquisitions.
In the next year probably 10-15% of the portfolio will get acquired
On privacy issues:
Consumers are getting used to a more open environment on the internet so the privacy issues are really a moving target…Twitter, Facebook, Google are very sensitive to the privacy issues
He says hundreds of millions of social feeds show consumers aren’t backing away.