For many private technology startups, 2015 was full of tailwinds that helped send valuations sky-high, including an eye-popping $51 billion valuation for ride-hailing service Uber.
Those winds have mostly subsided in 2016, and some investors have even moved to cut valuations. The impact of those trends on firms in the Midwest, however, should be fairly muted, according to industry experts at IBJ's Technology Power Breakfast on Thursday morning.
"I think it's pretty negligible, at least on a relative basis," said High Alpha partner Kristian Andersen, speaking about the pullback's impact on cities like Indianapolis, versus tech hubs on the East and West Coasts.
Outside the Midwest, industry leaders are forecasting depressed valuations and capital raises, and calling for companies to focus on bootstrapping and capital efficiency, Andersen said.
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