One of the most successful venture capital investors, Masayoshi Son, has noted that the “startup winter” will be here for a while.

What is interesting is that he thinks so, not because there is a shortage of VC, but because entrepreneurs will not accept lower valuations for potential unicorns. According to Son, one of the ventures he has financed, Klarna, accepted a new round of financing at a valuation of $6.7 billion compared with $45.6 billion in a previous round. Leading fintech venture Stripe has also accepted a lower valuation. READ MORE