High hopes and a mountain of dry powder have VCs poised for a soft landing

Some investors I talked to in the second half of last year complained about the VC market's exuberance. They yearned for a slowdown in the dealmaking pace and even a decline in valuations.

Their wish came true earlier this year following a correction in the stock market. And despite the new climate of pressure on late-stage VC-backed valuations, there are plenty of reasons to expect the market to ride out the storm. READ MORE