Has the Tech Bubble Peaked? Signs that the Startup Boom May Be Fizzling

 
‘If you were looking for an apartment in the Bay Area 18 months ago, realtors recommended you took your checkbook to viewings and were prepared to fork out for the deposit and first month’s rent – that’s $8,000 to $10,000 for a two-bedroom place in San Francisco – on the spot.
“There was no negotiation because there were 10 people behind you saying, ‘We’ll take it’,” said Ron Stern, CEO of housing relocation service Bay Rentals.
Today, rents are still expensive, but the market has plateaued after years of painful increases. It’s part of a broader trend in the Bay Area: Silicon Valley’s technology bubble has had some of its wind knocked out – not bursting, but fizzling – with VCs making fewer investments, startup valuations falling, and recruitment slowing.’
Read more: Has the Tech Bubble Peaked? Signs that the Startup Boom May Be Fizzling