Let’s Stop Graphing the Bubble
I just had a look through the latest PWC MoneyTree report, and I think it’s time that the venture industry start making graphs that are post-bubble only. The problem is that the 1997-2000 data always skews the scale, obscuring any actual differences in the last 5 years. By now, I think we get it: the bubble years were anomalous in the extreme. Any trends that might be evident in looking at recent data are smoothed over in any graph that needs to accommodate the extreme values of the boom.