Following on a theme we noted back in April, Bain Capital raised $600 million for investments in tech startups. According to Bloomberg, if the pace of fundraising continues for the rest of the year, VCs will rake in more cash in 2016 than any year in over a decade.
This, despite layoffs, frauds and failures throughout Silicon Valley. The cream is quickly rising to the top in the Bay Area, while the dregs flounder. If those superior companies tap into the buckets of cash raised this year, stories of this boom's demise could be greatly exaggerated.