Mark Suster On Falling Valuations And LA’s Tech Scene

TechCrunch sat down with Mark Suster, managing partner at Upfront Ventures. One of the most active investors in Los Angeles, Suster spoke of how local startups are able to draw upon the city’s creative talent to bring content, commerce and communication platforms to the next level. He also commented on falling tech valuations. “By any definition we’ve been in a funding bubble for years,” said Suster. With a “massive increase of supply of capital undoubtedly valuations go up and you end up with overfunding.”