Fear Trumps Greed in Silicon Valley as Some Venture Firms Hedge

Tell-tale signs of a peak are all over -- everyone wants to be a startup investor, including the proverbial doctors and dentists.

Photographer: Kimihiro Hoshino/AFP via Getty Images
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Rich Wong, a partner at venture capital firm Accel Partners, doesn’t know if Silicon Valley’s startup boom is at imminent risk of collapse. He does know this: If a founder doesn’t have the stomach to weather a downturn, take the money and run.

“Nobody knows when the windows” to sell are going to close, Wong said. “Now is a very good time to consider all strategic offers.”