In a recent post I covered some data showing the trend toward more sceptical funding environment for the U.S. (and European) tech start ups: http://trueeconomics.blogspot.com/2016/04/15416-tech-sector-finance-gravity-of.html.
Recently, Quartz added some interesting figures to the topic: http://qz.com/664468/investors-are-slashing-startup-valuations-and-not-even-uber-and-airbnb-are-safe/.
Things are not quite getting back to fundamentals, yet... but when they do, tech sector hype will blow up like a soap bubble in a tub. When the entire sector is valued on the basis of some nefarious stats instead of hard corporate finance parameters, you are into a game that is what Russian Roulette is to a Poker table.
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