Don't Panic -- It's Only a Tech Bust

This time around, the U.S. financial system is working like it should to avoid disaster.

Staying calm.

Photographer: Phil Walter/Getty Images

The tech bust, which everyone thought was coming, is probably here. Venture capital funding is receding, companies are raising money at reduced valuations, and the rate of creation of “unicorn” companies (venture capital-funded private companies valued at over $1 billion) has slowed. Here is a chart, via Bloomberg View’s Jim Greiff:

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