Dovetail are a Sydney-based startup that produces data analysis software.
Background: Dovetail is a Sydney-based startup that launched back in 2017. They produce data analysis software to help businesses interpret survey responses, user feedback and interviews.
What happened: The founders were early employees at Atlassian (ya know, real good pedigree). Now, they've just raised $89 million, valuing the company at a huge $960 million.
What else: But according to the founders (post capital raise), venture capital might be heading into bubble territory.
💡A bubble is an economic cycle where company market values increase quickly...only to crash, or 'burst' even quicker.
💡There are generally five stages to a bubble. We've got:
💡Dovetail founders believe venture capital is currently in the Euphoria stage...which means we're not too far from a 'burst' - aka funds could dry up for other start-ups seeking funding.
Sign up for Flux and join 100,000 members of the Flux family