“I expect that we will continue to see big tech invest and grow their businesses and do well in 2019,” Wilson wrote. “I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now … However, I do think a difficult macro business and political environment in the U.S. will lead investors to take a more cautious stance in 2019. It would not surprise me to see total venture capital investments in 2019 decline from 2018. And I think we will see financings take longer, diligence on new investments actually occur, and valuations to come under pressure for even the most attractive opportunities.”

https://techcrunch.com/2019/01/02/union-square-ventures-secures-429m-across-two-new-funds/?yptr=yahoo